Denny, Barry T.

The firm provides discretionary portfolio management for individual investors, retirement accounts, trustees of personal and charitable trusts, and charitable foundations, managing roughly $10.3 million for about 30 client accounts. It does not offer wrap fee programs and establishes accounts under a written investment advisory agreement with brokerage arrangements that meet the firm’s operational requirements.

The firm follows a conservative, fundamentals-based (Graham–Dodd) investment approach that emphasizes individual stocks and investment-grade bonds while excluding futures, options, shorting, market timing, commodities and day trading. Mutual funds and ETFs are used only when necessary for smaller accounts that cannot meet the firm’s stated diversification threshold (roughly 100 shares in at least 10 companies across six or more sectors); bond selections prioritize rated issues trading at par or lower and utilities are used as core income holdings.

Noteworthy features include the adviser’s long background as a senior trust officer, an explicit preference for direct-holdings transparency over pooled bond or fund vehicles, and detailed brokerage-selection criteria (NYSE membership, multi-decade operating history, and a prohibition on soft‑dollar benefits). The firm does not take custody of client assets, does not accept third‑party referral compensation, sends proposed fees and documentation to client brokerages for deduction, and provides regular monthly commentary and annual portfolio reports.