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Tom Putnam Named 2026 Capital Region Business Hall of Fame Inductee

Written by Rachel Crisafulli on . Posted in All News, Company Hightlights, Featured News & Insights.

Tom Putnam Named 2026 Capital Region Business Hall of Fame Inductee

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    Fenimore Asset Management, manager of the FAM Funds, is proud to share that our Founder and Executive Chairman, Tom Putnam, has been named a 2026 inductee into the Capital Region Business Hall of Fame. This prestigious honor, presented by Junior Achievement of Northeastern New York (JA NENY) and the Center for Economic Growth (CEG), recognizes leaders whose achievements and values have made a lasting impact on the Capital Region’s business community.

    Celebrating Tom’s Legacy of Leadership

    Tom founded Fenimore Asset Management in 1974 as a means to manage family money after his father sold Fenimore Fabrics, a textile company. His disciplined, quality‑focused investment philosophy — and success in the midst of a bear market — quickly attracted individuals, families, and nonprofits seeking a thoughtful and long‑term approach to wealth management. Fenimore welcomed its first institutional investor in 1976 and they remain with the firm, reflecting the enduring trust that Tom’s leadership has inspired.

    More than 50 years later, Fenimore manages more than $5 billion in assets (as of 12/31/2025) with investors in every state. Tom has been featured in The Wall Street Journal, Forbes, Kiplinger’s, Barron’s, Town & Country, Money, Fortune, SmartMoney, Newsweek, and Wall Street Week with Louis Rukeyser. He oversees the investment process and senior management’s execution of goals, ensures that the company’s mission and culture are sustained, guides board development, and serves as a mentor.

    Investing in the community is also one of Tom’s passions. His lifelong commitment to philanthropy is evident with both his hands‑on service and generous financial support for countless nonprofits. He emphasizes, “Our culture pushes us to use our energy, time, and talent to serve others and make life better for all — our investors, associates, and community.”

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

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Tom will be inducted alongside two outstanding regional leaders:

  • Andrea Crisafulli, President, Crisafulli Bros.
  • C.J. DeCrescente, President, DeCrescente Distributing Company

We extend our warmest congratulations to Andrea and CJ — both exceptional leaders whose contributions strengthen our region.

About the 2026 Capital Region Business Hall of Fame Dinner

The 28th Annual Capital Region Business Hall of Fame Dinner and Induction Ceremony will take place on Thursday, May 28, 2026. Proceeds from the event support Junior Achievement’s mission to equip K–12 students with financial literacy, entrepreneurial thinking, and career readiness skills.

We are honored to celebrate Tom’s induction and grateful for the leadership, integrity, and vision he continues to bring to Fenimore and the broader community.

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FAM DIVIDEND FOCUS FUND MARKS 30 YEARS

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

FAM DIVIDEND FOCUS FUND MARKS 30 YEARS

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    Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, is proud to celebrate the 30th Anniversary of the FAM Dividend Focus Fund (FAMEX).

    When Fenimore Founder Tom Putnam and Portfolio Manager Paul Hogan established the firm’s second mutual fund on April 1, 1996, they set out with a clear and disciplined objective: invest in quality mid‑cap companies with the potential to grow their dividends over time. The goal was straightforward—build a portfolio designed to provide resilience during periods of uncertainty while pursuing long‑term capital appreciation across full market cycles. Thirty years later, that philosophy remains firmly in place.

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

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A Disciplined Approach Through Uncertainty
Over the past three decades, the FAM Dividend Focus Fund has navigated a wide range of market environments—including the dot‑com bubble, the Global Financial Crisis, the COVID‑era market disruption, and more recent periods marked by elevated speculation and heightened geopolitical risk.

Through it all, Fenimore has maintained a repeatable, research‑driven process, emphasizing companies with durable cash flows, strong balance sheets, and management teams positioned to navigate uncertainty and support growing dividends over time.

Continuity of Leadership
April 1 marks 30 years of Paul Hogan’s leadership of the FAM Dividend Focus Fund and 35 years with Fenimore—an uncommon level of continuity in an industry where the average manager tenure is approximately seven years.[1] In May 2020, he was joined by Portfolio Manager William Preston, who celebrates his 10th anniversary with the firm this year.

Looking Ahead
As the FAM Dividend Focus Fund enters its fourth decade, Fenimore remains committed to the principles that have guided the strategy since 1996: quality businesses, dividend growth, and disciplined long‑term stewardship.

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    “The FAM Dividend Focus Fund reflects Fenimore’s enduring commitment to investing in high‑quality businesses that can compound value over time,” said Mr. Hogan. “While markets and benchmarks evolve, our focus remains on owning companies we understand, with the financial strength to navigate uncertainty and reward long‑term investors.”

    “Periods of market speculation can be challenging for disciplined strategies,” added Mr. Preston. “But we believe consistency of process, quality of holdings, and a long‑term perspective remain essential to building durable investment outcomes over time.”

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

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Founded in Cobleskill in 1974, Fenimore Asset Management is an independent, nationally recognized investment advisor with more than $5.06 billion in assets under management (as of 12/31/2025) through its Albany and Cobleskill offices. Fenimore offers both separately managed accounts and a family of mutual funds that can be used for retirement and other long-term investment planning. The firm’s team of professionals prides itself on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.

Learn More

Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. See the prospectus for additional important information.

All investing involves risk including the possible loss of principal. Before investing, carefully read the fund prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 and/or visiting www.fenimoreasset.com for a prospectus or summary prospectus. Securities offered through Fenimore Securities, Inc. Member FINRA, and advisory services offered through Fenimore Asset Management, Inc.

[1] “How Does Manager Tenure Impact Fund Performance?” YCharts May 2023, (https://get.ycharts.com/resources/blog/how-does-manager-tenure-impact-fund-performance/)

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Celebrating 100 Years of Proctors!

Written by Rachel Crisafulli on . Posted in All News, Community Spotlight, Company Hightlights, Featured News & Insights, Fenimore in the Community.

Celebrating 100 Years of Proctors!

It was a memorable evening at Proctors as the theatre officially launched its 100th Anniversary Season—and announced Fenimore as the official anniversary season sponsor—during the 2026–27 Season Announcement Bash.

Fenimore CEO Anne Putnam joined Proctors leadership for a ceremonial ribbon cutting to mark the occasion, celebrating a century of Proctors and the shared values that connect both organizations. In her remarks, Anne reflected on themes of longevity, legacy, and stewardship, noting the parallel missions of Fenimore and Proctors to invest in their communities so they can thrive for generations to come.

The celebration continued with the highly anticipated unveiling of Proctors’ 2026–27 Broadway series, an exceptional lineup that will bring this milestone season to life and honor Proctors’ enduring role in the Capital Region’s arts and culture scene.

Fenimore is proud to support Proctors at this historic moment—and to stand alongside an institution that has enriched our region for 100 years through creativity, connection, and community.

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“Longevity and legacy—two pillars that embody Proctors and Fenimore. For a century, Proctors has enriched downtown Schenectady with the arts and vitality, and for 52 years, Fenimore has stayed true to our mission of long‑term investing and service excellence. As someone who sat in Proctors’ audience as a child, it’s an honor to partner with a visionary institution whose values mirror our own. Here’s to the next century of community, culture, and partnership.”

– Anne Putnam, CEO

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Carina Trudell and Jim Haley Join Fenimore

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

CARINA TRUDELL AND JIM HALEY JOIN FENIMORE

Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, welcomes Carina Trudell and Jim Haley to its growing team.

Ms. Carina Trudell has been appointed Senior Operations Associate. She is a Voorheesville resident and offers 25 years of investment industry experience. As a strategic leader and accomplished project manager, Ms. Trudell helps drive the firm’s operational and service excellence.

“We are very pleased to have Carina on the team,” said Liza Baran, Director of Shareholder Services & Operations. “As Fenimore continues to grow and evolve operationally, Carina will be integral to our strategic vision and adoption of new technologies to better serve investors.”

Prior to joining Fenimore, Ms. Trudell was the Vice President, Head of Corporate Onboarding and Experience at Goldman Sachs Ayco and held other leadership roles during her 25-year tenure. She earned a bachelor’s degree in business administration from Sage College of Albany.

As Senior Director, Mr. Jim Haley, CFP®, has nearly 30 years of investment industry experience. Based in South Carolina, Mr. Haley partners with individuals, families, nonprofits, and institutions to impart Fenimore’s distinctive investment approach and solutions.

“Jim’s vast experience in building long-term, trust-based relationships and delivering research-driven guidance fits our culture perfectly,” stated Fenimore CEO Anne Putnam. “As a valuable member of our relationship team, Jim will expand our market in the South by helping investors with our thoughtful, long-term approach to achieve their financial goals.”

Mr. Haley served in management at Dividend Assets Capital (DAC) before Fenimore. He is a graduate of Campbell University (Master of Trust and Investment Management), Southeastern Trust School, and Siena University (BS in Finance). Mr. Haley also earned the designation of Certified Financial Planner (CFP®) and a certificate in the principles of Servant Leadership through The Greenleaf Center at Seton Hall University.

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with $5.06 billion in assets under management (as of December 31, 2025) 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.

  • Carina Trudell

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    Carina Trudell, Senior Operations Associate

  • Andrew Boord, Portfolio Manager - Fenimore Small Cap Strategy

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    Jim Haley, Senior Director

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Five Lessons on Long-Term Investing

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

FIVE LESSONS ON LONG-TERM INVESTING

In this video from a recent speaking engagement, retired Fenimore CIO, John Fox, CFA®, shares these five Fenimore lessons on long-term investing.

  1. Inflation. To preserve wealth, you must grow your capital greater than the rate of inflation.
  2. How do you do that? You own stocks. If the businesses you own grow faster than the rate of inflation, your money grows.
  3. Why does this work? The U.S. economy historically grows faster than inflation and corporate profits grow faster than the economy, fueling stock returns.
  4. Even though it works, sometimes it can try our patience. Despite market downturns, history shows markets recover and go on to reach new highs.
  5. Stay the course. There will be times we’re going to be out of sync with the market. We’re going to stick to our criteria – only investing in companies that meet our rigorous quality standards.
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Research Team Succession

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

Research Team Succession

CEO Anne Putnam and Founder & Executive Chairman Tom Putnam explore Fenimore’s enduring commitment to investment excellence through:

  • A team of diverse, collaborative research analysts who bring unique perspectives.
  • A unified, team-based approach in pursuit of investment performance excellence.
  • A steadfast dedication to perpetuating Fenimore’s market-tested research process and cultivating its next generation of talent.
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Fenimore Discusses Market Cycles

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

Fenimore Discusses Market Cycles

Fenimore CEO, Anne Putnam, speaks to Fenimore’s 51 years of experience managing market cycles.

“Our analysts, our team of ten would tell you that this is normal. A correction happens and it gives us an opportunity to invest in our portfolios. We have the experience of over 51 years of history to make sure that we can put portfolios together that are meaningful for you and for us, so that you can sleep at night and have trust in us as your investment partner in order to maintain and mitigate the downturns we are experiencing today.” – Anne Putnam, CEO

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FAM FUNDS: 2024 RECAP & OUTLOOK

Written by Wright Design on . Posted in All News, Company Hightlights, Featured News & Insights, Podcasts, Videos, Videos & Podcasts.

FAM FUNDS: 2024 RECAP & OUTLOOK

Gain insights about FAM Funds from this video presentation series. Highlights include:
  • Fenimore Retrospective — Anne Putnam, CEO
  • 2024 Review, 2025 Outlook — John Fox, Chief Investment Officer
  • Fund Updates — Value, Small Cap, and Dividend Focus Fund performance and portfolio activity.

This was recorded live in front of University at Albany finance students.

  • Anne Putnam, Fenimore Retrospective

    FENIMORE RETROSPECTIVE

    FENIMORE RETROSPECTIVE
    Anne Putnam 

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  • John Fox, 2024Review, 2025 Outlook

    2024 REVIEW 2025 OUTLOOK 

    2024 REVIEW
    2025 OUTLOOK 
    John Fox, CFA®

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  • Drew Wilson, FAM Valu Fund

    FAM VALUE FUND

    FAM
    VALUE FUND
    Drew Wilson, CFA®

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  • Drew Wilson, FAM Small Cap Fund

    FAM SMALL CAP FUND

    FAM SMALL
    CAP FUND
    Kevin Gioia, CFA®

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  • William Prestom, FAM Dividend Focus Fund

    FAM DIVIDEND FOCUS FUND

    FAM DIVIDEND FOCUS FUND
    William Preston, CFA®

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Definitions of Terms

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