B.P. Walsh and Co., LLC

The firm provides discretionary investment supervisory and management services primarily to high-net-worth individuals and those with fiduciary responsibilities, including pension and profit-sharing plans, foundations, and not-for-profit organizations, and also works with banking or thrift institution clients—a client type that is uncommon among independent advisors. Typical investments noted in the brochure include equities (domestic and foreign), warrants, corporate and municipal debt, U.S. government securities, and, when appropriate, commercial paper, certificates of deposit and option contracts.

The firm follows a value-oriented strategy that combines fundamental and technical analysis, relying on in-house research such as SEC filings, annual reports, company press releases, and attendance at annual meetings; securities are usually bought with long-term intentions though occasional short-term sales may occur. Accounts are managed on a discretionary basis and are tailored to each client’s goals and risk tolerance, with concentrated positions and the use of margin considered based on individual client risk profiles.

Distinctive aspects of the practice include conducting all research internally and continuous daily monitoring of accounts by the firm’s principal rather than outsourcing research to broker-dealers. Serving banking or thrift institutions and the explicit use of less-common instruments like warrants and option contracts set the firm apart from many peers with similar assets under management.