Skip to main content

FENIMORE NAMES JUSTINE PHOENIX TO THE FAM FUNDS BOARD OF TRUSTEES

Written by Makayla Tebano on . Posted in All News, Company Hightlights, Featured News & Insights.

FENIMORE NAMES JUSTINE PHOENIX TO THE FAM FUNDS BOARD OF TRUSTEES

  • Insert Text here

    Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, announces that Justine Phoenix — Vice President, Distribution & Broker Dealer Engagement & Head of Diversity Project North America at Nicsa — has joined the FAM Funds Board of Independent Trustees. She has more than 30 years of experience in asset management and intermediary distribution, including client relationship management, business development, and operations.

    In her role at Nicsa, Ms. Phoenix is responsible for developing and amplifying programs for distribution and broker dealer executives. She also oversees their Diversity Project North America and works with the CEO Advisory Council and Executive Committee to guide and direct its activities.

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

    Insert Image here

Prior to Nicsa, Ms. Phoenix was Vice President, Senior Relationship Manager at Fidelity Investments where she led relationship management for the Fidelity FundsNetwork®. Before Fidelity, she was Director of Operations for the Investment Company Institute (ICI) and responsible for all mutual fund operations and distribution activities. Additionally, Ms. Phoenix held leadership positions at Massachusetts Financial Services and Boston Financial Data Services.  

“Justine has extensive experience in the mutual fund industry and is very talented,” said Tom Putnam, Founder and Executive Chairman of Fenimore Asset Management. “Her knowledge, insights, and guidance should benefit our investors for many years to come.”

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $5.02 billion in assets under management (as of March 31, 2024) through its Cobleskill headquarters and Albany office. The firm’s team focuses on in-depth research, investing in the stocks of carefully selected quality businesses, and providing its investors with highly personalized investment services. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning.

SHARE ON

Back

Continue reading

Richard Heim and Jonathan Moran Join Fenimore

Written by Makayla Tebano on . Posted in Company Hightlights, Featured News & Insights.

RICHARD HEIM AND JONATHAN MORAN JOIN FENIMORE

Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, welcomes Richard Heim and Jonathan Moran to the firm’s growing team.

Mr. Richard “Rick” Heim has been appointed Senior Relationship Manager. He is a Malta resident and offers more than 25 years of investment industry experience. Mr. Heim customizes and curates portfolios for individual and institutional investors to help them achieve their financial goals.

“We are very pleased to have Rick join Fenimore,” shared Kevin Smith, Director of Private Client Services. “His experience, knowledge, and commitment to serving investors with excellence underscores our mission. He is a valued addition to the team.”

Prior to joining Fenimore, Mr. Heim was a Vice President and Financial Consultant with Charles Schwab for more than 15 years and a Financial Consultant with AXA Advisors. He earned a bachelor’s degree in business management from Green Mountain College.

As Director, Mr. Jonathan Moran informs and educates financial professionals about Fenimore’s investment solutions.

“Jonathan’s experience working with financial advisors will allow him to be a vital contributor to our third-party distribution and service team,” said CEO Anne Putnam. “His dedication to developing long-term relationships to assist advisor allocations reinforces Fenimore’s approach.”

Mr. Moran held various positions with Lazard Asset Management and The Ayco Company before joining Fenimore. He is an Accredited Investment Fiduciary (AIF®). A Niskayuna native, Mr. Moran is involved in the community and holds a bachelor’s degree in finance from Siena College.

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $5.02 billion in assets under management (as of March 31, 2024) through its Cobleskill headquarters and Albany office. The firm’s team focuses on in-depth research, investing in the stocks of carefully selected quality businesses, and providing its investors with highly personalized investment services. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning.

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

    Senior Relationship Manager

    Rick Heim, Senior Relationship Manager

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

    Insert Image here

    Jonathan Moran, Director

SHARE ON

Back

Continue reading

FENIMORE CELEBRATES NEW ALBANY OFFICE ON WOLF ROAD AND 50TH ANNIVERSARY

Written by Makayla Tebano on . Posted in Company Hightlights, Featured News & Insights.

FENIMORE CELEBRATES NEW ALBANY OFFICE ON WOLF ROAD AND 50TH ANNIVERSARY

  • Insert Text here

    Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, held a ribbon cutting today to celebrate the company’s opening of its new Albany office at 142 Wolf Road. This is one of several celebrations as the firm marks 50 years of business this year.

    Conveniently located next to Frank Adams Jewelers and across from Shoppers Park, the new location is more than double the size of Fenimore’s previous Albany office. The larger space accommodates multiple operating groups to better serve investors. It also supports the firm’s growing team, including several long-tenured and new associates who live regionally.

    Fenimore’s Albany office is open Monday through Friday from 8:30 a.m. to 5 p.m. Stop by or call 518.234.4393 to schedule an appointment.

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

    Insert Image here

“We wanted to make sure that the investor experience and work environment are the same as our Cobleskill headquarters while increasing our Capital Region visibility and access,” shared Fenimore President Christian Snyder. “People can meet with us and benefit from Fenimore’s half-century of experience in successfully navigating complex economic and financial market cycles.”

“In honor of our 50th anniversary, we’d also like to announce that we will be making five major charitable gifts in the region as part of our overall culture of philanthropic support,” said Fenimore CEO Anne Putnam. “The donations will be in the areas of The Arts, Education, Health Care, Human Services, and Youth Development.”

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $5.02 billion in assets under management (as of March 31, 2024) through its Cobleskill headquarters and Albany office. The firm’s team focuses on in-depth research, investing in the stocks of carefully selected quality businesses, and providing its investors with highly personalized investment services. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning.

Contact us today.
SHARE ON

Back

Continue reading

Palmer Fargnoli Joins Fenimore as Regional Sales Director

Written by Makayla Tebano on . Posted in Company Hightlights, Featured News & Insights.

Palmer Fargnoli Joins Fenimore as Regional Sales Director

Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, hired Palmer Fargnoli as Regional Sales Director. In his role, Mr. Fargnoli meets with individuals, families, nonprofits, and institutions to impart Fenimore’s distinctive investment approach and solutions.

“Palmer has a history of fostering trust and developing long-term relationships, so he fits our culture very well,” said Fenimore CEO Anne Putnam. “He is committed to helping our investors achieve their financial goals and is dedicated to community service.”

Mr. Fargnoli’s extensive career includes more than 25 years of sales and fundraising experience for higher education institutions and nonprofits. He holds a BA from Union College and two MS degrees from Syracuse University.

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.57 billion in assets under management (as of December 31, 2023) through its Cobleskill and Albany offices. The firm’s team focuses on in-depth research, investing in the stocks of carefully selected quality businesses, and providing its investors with highly personalized investment services. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning.

SHARE ON
Palmer Fargnoli

Back

Continue reading

Gary Dake Stewarts Shops

Gary Dake Joins Fenimore’s Board

Written by Spiral Design on . Posted in All News, Company Hightlights, Featured News & Insights.

Gary Dake Joins Fenimore’s Board

  • Insert Text here

    Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, announces that business leader Gary Dake has joined its board of directors.

    Mr. Dake is President of Stewart’s Shops Corporation. Stewart’s is a large, privately owned, and vertically integrated chain of convenience stores and gas stations with more than 355 shops in New York and Vermont. Mr. Dake is an accomplished and acclaimed leader who heads a team of more than 5,000 partners (employees). These partners own more than 40% of the company through their Employee Stock Ownership Plan. Employed at Stewart’s since 1985, he holds a BA in Economics from St. Lawrence University.

    “Gary is a well-respected and admired leader both within his company and throughout the Capital Region community,” shared Tom Putnam, Founder and Executive Chairman of Fenimore Asset Management. “His integrity, expertise, success, and entrepreneurial spirit should benefit our investors over the long term.”

    In addition to his extensive business career, Mr. Dake is very active as a community leader and Stewart’s Shops is dedicated to community giving and support. Between the company, Dake family foundations, and Stewart’s “Holiday Match Program,” millions of dollars have been donated to thousands of local charities. Mr. Dake is also the founder of the Dake Foundation for Children. The nonprofit was established “to provide opportunities for children with disabilities to enjoy more independence, inclusion, and fun.”

    Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.12 billion in assets under management (as of September 30, 2023) through its Cobleskill and Albany offices. The firm’s team focuses on in-depth research, investing in the stocks of carefully selected quality businesses, and providing its investors with highly personalized investment services. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning.

  • Gary Dake Joins Fenimore’s Board

    Insert Image here

SHARE ON

Back

Continue reading

Anne-Putnam

Fenimore Names Anne Putnam CEO

Written by Spiral Design on . Posted in All News, Company Hightlights, Featured News & Insights.

Fenimore Names Anne Putnam CEO

  • Insert Text here

    Second-generation leader brings deep relationship management experience and lifelong commitment to firm’s core values to new role.

    Fenimore Asset Management, manager of the FAM Funds family of mutual funds, has promoted Anne Putnam to Chief Executive Officer, effective October 1, 2023. Anne’s promotion comes as the firm founded by her father, Tom Putnam, in 1974 nears its 50th year of service to investors in the Greater Capital Region and across the country.

    Ms. Putnam is an accomplished leader who has delivered results, built strong relationships, and carried out a vision of growth over her two-decade investment management career. Since joining Fenimore in 2006, she has contributed significantly to the firm’s success, most recently as Senior Vice President, a role she’s held since 2017. During her career, Ms. Putnam has served investors and financial institutions in a variety of capacities while immersing herself in all aspects of Fenimore’s operations, beginning as a client relationship manager for separately managed accounts.

  • Anne-Putnam

    Insert Image here

  • Anne Putnam & Senior Leaders

    Insert Image here

    John Fox, CFA®, Chief Investment Officer; Tom Putnam, Founder & Executive Chairman; Anne Putnam, Chief Executive Officer; Christian Snyder, J.D., CFA®, President

  • Insert Text here

    “As the founder and executive chairman of Fenimore, I am excited about everything Anne brings to her new role for our investors, associates, and community. She is a proven leader with a deep understanding and commitment to our investment philosophy, and the knowledge, experience, and drive to help guide our firm to new levels of investor satisfaction and growth,” Mr. Putnam said.

    Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.27 billion in assets under management as of June 30, 2023, through its Albany and Cobleskill offices. As a research-based and service-centric manager, Fenimore offers investment solutions to individuals, families, and organizations to help nurture and grow their capital over the long term. The firm’s team focuses on in-house research, investing in carefully selected quality businesses (stocks), and providing its investors with highly personalized investment solutions.

As a second-generation leader, Ms. Putnam has played a key role in maintaining and enhancing the strategic vision and value investment philosophy established by her father when he founded the firm as a means to manage family money after the Putnams sold the successful textile business started by Ms. Putnam’s grandfather. She has also been integral to continuing Fenimore’s half-century commitment to philanthropy in the community. 

“Fenimore is an investment factory, like my grandfather built with his business, based on relationships with our investors, financial institutions, and portfolio-owned companies. Due to our values, we remain committed to investing in our community and giving back; it is humbling to walk in the footsteps of my forefathers,” said Ms. Putnam. “My goal as CEO is to maintain our presence regionally as a partnership owned by family and associates, expand our presence in the Capital Region, and continue to offer our investment strategies nationally through various channels. The same culture — in values-based management plus investment philosophy and process of these last fifty years — will guide us forward.”

Ms. Putnam succeeds John Fox in the CEO role. Mr. Fox will continue in his role as Chief Investment Officer (CIO) and dedicate his full attention to guiding the firm’s investment management strategies. Ms. Putnam’s promotion is the latest step in Fenimore’s carefully planned leadership succession strategy, which included the appointment of Christian Snyder as president in 2022.

Ms. Putnam is active in the community — both in Schoharie County where she was born and raised and throughout the Capital Region — through volunteerism and giving back. She currently sits on the boards of Double H Ranch in Lake Luzerne and Lakeside Chapel in Lake George.

“Anne is a highly-respected professional who is dedicated to serving our investors, our associates, and our community,” shared Michael Saccocio, a member of the Fenimore Asset Management Board of Directors and Executive Director, City Mission of Schenectady. “She exemplifies Fenimore’s commitment to excellence and is a great choice to serve as our next CEO.”

SHARE ON

Back

Continue reading

RESEARCH ON THE ROAD - JEFFERIES INDUSTRIAL CONFERENCE

Discover Key Insights from the Jefferies Industrial Conference

Written by Spiral Design on . Posted in All News, Company Hightlights.

Discover Key Insights from the Jefferies Industrial Conference

  • Insert Text here

    The Fenimore research team recently attended the prestigious Jefferies Industrial Conference, engaging with a diverse spectrum of industrial companies, including:

    • Industrial Distribution
    • HVAC Systems
    • Trucking
    • Aerospace
    • Industrial Gases
    • Building Materials
    • Aggregates
  • RESEARCH ON THE ROAD - JEFFERIES INDUSTRIAL CONFERENCE

    Insert Image here

Here are a few important takeaways that are shaping the industrial landscape in 2023:

  1. Inventory Normalization: In the wake of supply chain disruptions and surging demand, 2023 saw many industries grappling with elevated inventory levels. However, the tide appears to be turning as destocking took center stage in the first half of the year. The good news? Many companies expect this trend to find resolution in the latter half of 2023, and are highly confident that destocking woes will not linger into 2024.

  1. Pricing Dynamics: Companies, faced with relentless cost inflation, have responded aggressively by implementing record price hikes over the past few years. Remarkably, companies across the board are fairly resolute in their ability to return to “typical” price increases throughout 2024 and beyond, with little to no concern for deflation.

  1. Resilience in Capital Spending: Despite the impact of higher interest rates, companies are demonstrating unwavering commitment to their capital spending strategies. Capital costs may be on the rise, and customer demand may be showing signs of softening, but this hasn’t deterred companies from pursuing their reinvestment and mergers and acquisitions (M&A)

As part of our research process, our Portfolio Managers meet with company executives, attend conferences, and engage in face-to-face interactions throughout the year. This ‘X factor’ is what truly distinguishes us, giving us unparalleled insights into companies, their operations, competitive advantages, and challenges. It’s what fuels our confidence in every investment we make.

SHARE ON

Back

Continue reading

37th Annual Investor Meeting

FAM Funds’ 37th Annual Investor Meeting

Written by Spiral Design on . Posted in All News, Company Hightlights.

FAM Funds’ 37th Annual Investor Meeting

Fenimore Asset Management, manager of the FAM Funds, welcomes you to join us & hear:

  • How our new generation of leadership continues to focus on in-depth, firsthand research and service excellence.
  • The latest insights from our investment research analysts’ company visits.
  • An evaluation on long-term investing through various market cycles — despite the news headlines at any given time.
Tuesday, October 10, 2023
4:00–5:00 p.m.

Cobleskill-Richmondville High School Auditorium
1353 State Route 7, Richmondville, NY
Refreshments & Complimentary Gift

BRING A GUEST — It’s a great opportunity to meet our team.

MEETING Q&A — Questions can be submitted when you RSVP or asked during the meeting.

RSVP

or call 800-932-3271
SHARE ON
37th Annual Investor Meeting

Back

Continue reading