Fithian LLC

Fithian provides discretionary investment advisory services through separately managed accounts to institutional and sophisticated investors, including high‑net‑worth individuals, endowments, family offices, and foundations. The firm focuses on publicly traded equity portfolio management and does not generally serve retail individual (non‑high‑net‑worth) clients.

Fithian pursues a global, long‑only, bottom‑up equity strategy that emphasizes concentrated holdings identified through in‑depth investigative research and due diligence, including on‑site visits and a longer‑term investment horizon. Advisory relationships are individually negotiated and tailored by written agreements that set each account’s objectives, guidelines, limitations, and discretionary authority.

Noteworthy for a firm of its size, Fithian uses performance‑based fee arrangements tied to benchmark outperformance and discloses predecessor and other performance results in its materials—practices that are uncommon among peers. The brochure also discloses that the firm may receive research or advisory‑related fees from an affiliated third party and describes allocation, reporting, and code‑of‑ethics policies intended to address conflicts arising from concentrated portfolios and incentive compensation.