(LOUISVILLE, KY) – While other investment advisory firms have come and gone over the last two
decades, Louisville-based Parthenon LLC is celebrating its 20th anniversary—and is still going
strong. Founded in 1999, Parthenon has thrived through market ups and downs, including the
dot-com bust and the Great Recession. They’ve done it by maintaining fundamental investing
strategies: identifying well-managed, high-return, growing businesses whose stocks are priced
significantly below estimated intrinsic values.
Parthenon CEO Tom Corea says, “While changes in technology have allowed for more
efficiencies and access to an abundance of valuable information, we still look at each portfolio
individually based on client needs and expectations. We’ve made no change at all in our core
investment philosophy or emphasis on client service. I strongly believe that’s why we’ve stood
the test of time and market conditions.”
Parthenon was founded by its current partners: J. McFerran Barr II, Chairman; Tony H. Coffey,
Executive Vice President; Thomas A. Corea, CEO, Panayiota G. Jones, Vice President, and Todd
P. Lowe, President; all five of whom held prominent positions at Hilliard Lyons, Inc. in the late
1990s. However, after the sale of the firm to a larger company, they wanted more control over
the advisory process. By founding Parthenon, they could exclusively focus on investment
management and better serve the interests of clients without the distraction of outside
ownership. Senior Vice President Matthew W. Carper joined Parthenon in 2014, followed by
Andrea D. Frey, Vice President, further bolstering the firm’s impressive breadth of executive
experience. Still, twenty years later, the entire Parthenon team strictly adheres to those
founding principles.
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