Louisville, KY – Parthenon LLC, an independent, employee-owned investment management firm, is proud to celebrate its fifth anniversary, an impressive feat considering the U.S. market has seen its most severe decline in over 25 years. Since it first began accumulating assets in 1999, Parthenon has been providing investment management for high net worth individuals and families, trusts, endowments, foundations and retirement plans. Today they are working with approximately 130 families and institutions totaling just under $600 million in assets.
Parthenon has prospered through the volatile market conditions of the last five years by emphasizing personalized service and intelligent investment strategies. Todd Lowe, President of Parthenon, says, “We limit the number of clients with whom we work. That way we can ensure each of our clients receives personal, one-on-one service with easy access to our investment and administrative professionals. We provide the type of service and attention clients deserve, but are often unable to find at larger money management firms or many banks.
Parthenon LLC operates with a disciplined equity philosophy focused on high-quality businesses with good prospects purchased at compelling prices. Further, Parthenon is a long-term investor with an emphasis on businesses with enduring advantages. This philosophy, coupled with a steadfast price discipline, allowed Parthenon to avoid the mania, and subsequent collapse, in technology and Internet stocks. Through its own proprietary research efforts, Parthenon’s clients have the advantage of knowing their portfolio manager has a deep understanding of the securities they own. Parthenon buys only individual stocks and bonds, tailoring the portfolio to the objectives of the individual client, and does not use commingled funds or mutual funds.
“After five years of business,” Mr. Lowe says, “our confidence has never been higher in our ability to provide our clients the personalized service and disciplined approach to investment management that has generated a history of success. We have grown our business nicely and we will continue to grow—surely and steadily, without compromising our vision.”
