Mark Armbruster, CFA, is president of Armbruster Capital Management, Inc. (ACM), a boutique wealth management firm serving high-net-worth individual and institutional clients. ACM uses index funds, exchange-traded funds (ETFs), and other investment vehicles to build portfolios designed to reduce investment-related costs and taxes in order to maximize net returns. Previously, he worked in equity research on Wall Street, following the aerospace and defense industries at Smith Barney. Armbruster also worked in the equity strategy group for Salomon Smith Barney’s Chief Equity Strategist. He also started an investment advisory firm, where he served as chief investment officer. Armbruster has served on numerous nonprofit and for-profit corporate boards. He also consults on and provides expert testimony for investment-related legal disputes. Armbruster has been quoted on investment matters in several investment publications, including the Wall Street Journal and Investor’s Business Daily. He frequently gives talks on investment matters to professional investor groups. Armbruster has served as president of CFA Society Rochester. He holds a degree from the University of Rochester.
The golden age of fixed income is over. That means we have to rethink portfolio management and risk control.
The current recovery may be a long one by historical standards. But it may be some time before we see the end of it. Mark Armbruster, CFA, explains why.
As finance gurus forecast a market that's variously overvalued, undervalued, ready to plunge off the cliff, or blast off to new heights, remember to tune out the noise and stay invested for the long run, says Mark Armbruster, CFA.
The stock market often moves contrary to consensus forecasts, says Mark Armbruster, CFA. In the face of many stock market naysayers, there is a reasonable argument for further gains.
Mark Armbruster, CFA, reviews historical capital markets performance during times of war.
Mark Armbruster, CFA, discusses why he thinks that there are too many conflicts of interest and “frictions” in the system for an individual investor to enjoy market-beating results.
The investment management industry is based on the premise that smart, hard-working managers with cutting-edge technology can outperform “the market.” Although it seems intuitive that this approach would produce positive results, the evidence indicates differently.
Doing nothing in the face of changing markets may seem counter-intuitive to most people. Nevertheless, when it comes to investing, inaction is often the best course of action.