Hendley & Co. Inc.

Hendley & Company provides discretionary portfolio management to individuals (including high‑net‑worth clients) and to institutional entities such as corporate pension and profit‑sharing plans, foundations, and trusts. The firm designs individualized portfolios that may include individual equities, fixed income securities, mutual funds and cash management, and implements those portfolios on a discretionary basis.

Investment decisions are informed by fundamental, company‑level analysis—assessing revenue and cash‑flow trends, balance sheet strength, and competitive position—supplemented by outside research sources such as CFRA and FactSet; the firm generally favors longer‑term holdings but will use short‑term trades when appropriate. Hendley prepares and monitors account and composite performance metrics, delivers quarterly written reports, and provides online access to client account information.

This firm is distinctive for managing a relatively large asset base with a very small advisory team (over $445 million in discretionary assets across two advisors), resulting in unusually high AUM per advisor compared with peers. Other notable features include a long operating history with a firm policy that portfolio managers complete the CFA program and the firm’s practice of calculating and maintaining composite performance information for client reporting.