Jay A. Fishman, Ltd

Jay A. Fishman, Ltd. provides fee-based, discretionary portfolio management and investment counseling for high-net-worth individuals, families, corporations and charitable institutions and also works with a limited group of institutional clients, including a sovereign wealth fund, banking and thrift institutions, insurance companies, other investment advisers and state or municipal entities. The firm delivers separately managed portfolios built from individually selected securities and generally does not use packaged model or wrap-fee programs.

The firm’s investment approach emphasizes independent fundamental research and a long-term, conservative philosophy, focusing on mid-to-large-cap growth-at-a-reasonable-price equities and quality fixed income, with portfolios typically concentrated into roughly 20–25 holdings and managed with low turnover. Managers consider tax implications for taxable accounts, coordinate with client advisors when requested, and may, on a non-discretionary basis, recommend investment in unaffiliated private funds as part of broader advice.

Established in 1970, the firm operates with a compact, experienced team that manages just over $1.1 billion in client assets, yielding an AUM per-advisor level (approximately $280 million) that is higher than typical for teams of its size. Its combination of long tenure, persistent focus on separately managed accounts, and recurring relationships with financial-sector and governmental institutional clients is a notable contrast with many peers.