Henry H. Armstrong Associates, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Henry H. Armstrong Associates provides discretionary investment supervisory services and wealth advisory to a broad client mix that includes individual and high‑net‑worth clients, families, trusts, estates, pension and profit‑sharing plans, corporations, and charitable organizations. The firm also offers financial planning and wealth‑transfer guidance and implements portfolios comprised mainly of U.S. equities, high‑quality fixed income, and, in limited client‑directed cases, mutual funds or ETFs.
The firm’s investment approach is fundamental and long‑term, focusing on quality businesses with strong returns on capital, conservative balance sheets, and growing earnings; securities are typically purchased when market prices are at or below the firm’s assessed value. Portfolios tend to be relatively concentrated and actively monitored, cash is treated as an asset class, and fixed‑income holdings are laddered for income and reduced volatility; clients receive ongoing oversight and quarterly written investment reviews.
Armstrong reports $1.23 billion in discretionary assets while operating with a relatively small advisory team, yielding an unusually high assets‑per‑advisor ratio compared with peers. The firm also provides regular client reporting and audited fund statements for limited partners and discloses firm‑level asset information in its regulatory materials, reflecting a level of reporting and scale that is uncommon among similarly sized advisory boutiques.
Client services
Expertise
Fee options
$0 - $5,000,000: 1.00% annually $5,000,001 - $10,000,000: 0.90% annually $10,000,001 - $15,000,000: 0.80% annually $15,000,001+: 0.70% annually
Account minimum: $2,000,000 Minimum fee: $20,000 minimum fee per account, may be waived at discretion Fee-only: Fees based solely on assets under management; no commissions or performance fees charged
Main office
One Gateway Center, 420 Ft. Duquesne Blvd, Ste 1425
Pittsburgh PA 15222
Advisors at this office
3
Most active in
California · Colorado · Florida · Maine · Maryland · Massachusetts · New Hampshire · New York · Pennsylvania · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Adam S
CFA®
Pittsburgh, PA
Henry H. Armstrong Associates, Inc.
Adam Scholl is a CFA® charterholder with 24 years of industry experience. He has been with Henry H. Armstrong Associates, Inc. in Pittsburgh, PA since 2001. Henry H. Armstrong Associates provides investment supervisory and wealth advisory services to individuals, families, trusts, estates, pension and profit-sharing plans, corporations, and charitable organizations. The firm employs a fundamental, long-term investment approach focused on growth-oriented U.S. equity portfolios and uses municipal and corporate debt strategies alongside selective mutual fund and ETF holdings.
Peter E
CFP®
Pittsburgh, PA
Henry H. Armstrong Associates, Inc.
Peter Eberhart is a CFP® professional with 16 years of experience in the financial industry. He has been with Henry H. Armstrong Associates, Inc. since 2009, working as part of a three-advisor team in Pittsburgh, PA. Henry H. Armstrong Associates provides investment supervisory and wealth advisory services to individuals, families, trusts, estates, pension and profit-sharing plans, corporations, and charitable organizations. The firm focuses on growth-oriented U.S. equity portfolios and employs fundamental, long-term analysis with a tailored, client-centered approach.
James A
Pittsburgh, PA
Henry H. Armstrong Associates, Inc.
James Armstrong is a financial advisor with Henry H. Armstrong Associates, Inc. in Pittsburgh, PA, where he has worked since 1992. He has 33 years of industry experience. Henry H. Armstrong Associates provides investment supervisory and wealth advisory services to individuals, families, trusts, estates, pension and profit-sharing plans, corporations, and charitable organizations. The firm focuses on growth-oriented U.S. equity portfolios, employs fundamental long-term analysis, and emphasizes tailored client relationships with regular communication.
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