Biography
Mark Armbruster, CFA, is the founder and CEO of Armbruster Capital Management, Inc. (ACM), a wealth management firm serving high-net-worth individuals and institutional clients. ACM employs index funds, exchange-traded funds (ETFs), and other investment vehicles to construct cost- and tax-efficient portfolios aimed at maximizing net returns. Prior to establishing ACM, Armbruster worked in equity research at Smith Barney, specializing in the aerospace and defense sectors. He later joined Salomon Smith Barney’s equity strategy group, supporting the Chief Equity Strategist. He also served as chief investment officer for a $1 billion registered investment advisor near Rochester, NY. Armbruster has served on numerous nonprofit and corporate boards. He is a contributor to business journals and national publications, and has been featured in outlets including The Wall Street Journal, Barron’s, and Investor’s Business Daily. He is a past president of CFA Society Rochester and holds a degree from the University of Rochester.
Nonprofit portfolios underperform. A clear investment philosophy may be the key to breaking the cycle.
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.