Bishop & Associates, Inc. was founded in 1949 by Donald Bishop and Gordon Hedberg. Visionaries in the investment business, they formed the Rittenhouse Fund, which was one of the earliest mutual funds in the metropolitan area. Celebrating over 50 years of service, we are the oldest privately held investment counseling firm in Philadelphia established under the Investment Act of 1940. This means that we have consistently maintained our independence and are beholden only to our clients. We have successfully blended institutional asset management with a very personal advisory style.
Currently, the three primary portfolio managers have over fifty-five years combined investment experience. This enables us to effectively handle the increasing complexities of the modern investment market place. Our professional and confidential management has resulted in clients remaining with the firm for longer than the industry average, and through all types of markets, we have delivered consistent returns that have formed the basis for the creation and continuation of true wealth.
Our purpose is to manage our clients' assets, particularly equities, to provide steady, low-volatility growth with an eye towards capital preservation. We focus primarily on large capitalization companies with global reach. The majority of companies in our equity portfolios are U.S.-based, however, we recognize that the best growth does not always come from the home front. Therefore, we also use carefully selected foreign-based firms.
Bishop & Associates, Inc. is a Philadelphia firm with both regional and national reach. We are proud of our role in the dynamic landscape of the business community of Philadelphia. We do not participate in brokerage. We concentrate on wealth and investment management, and we believe that we do them extremely well.
