Mount Vernon Associates Inc

Mount Vernon Associates provides discretionary portfolio management to a mix of clients, including individuals, high‑net‑worth clients, corporate pension and profit‑sharing plans, Taft‑Hartley plans, and tax‑exempt institutions such as foundations and endowments. As disclosed in its brochure, the firm manages approximately $232.5 million on a discretionary basis and delivers ongoing portfolio oversight and quarterly reporting to clients.

The firm follows a top‑down investment process across both equity and fixed‑income portfolios, selecting sectors based on the stage of the economic cycle and then screening individual securities using fundamental qualitative and quantitative criteria (for example, relative P/E, expected earnings growth, ROE, price‑to‑book, and dividend yield versus the S&P 500). In fixed income, Mount Vernon emphasizes active credit analysis and explicit risk controls—such as managing and “collaring” portfolio duration relative to a benchmark—and reviews bonds on an issuer‑by‑issuer basis through proprietary research.

Noteworthy features in the brochure include the firm’s emphasis on transparent performance reporting (quarterly reports include an investment performance schedule versus an appropriate index) and the firm’s practice of advertising performance results, which is relatively uncommon among its peers. The firm also serves as a sub‑advisor on third‑party fixed‑income mandates and documents detailed proxy‑voting and personal‑trading procedures aimed at identifying and managing potential conflicts of interest.