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.