2600 Tenth Street, Suite 607 • Berkeley, CA 94710 • (510) 368-
Niehaus Liberty was founded in 2006 by value investor Aram Durphy to provide independent financial strategy advice and wealth management services to individuals and families.
Through careful research, and a disciplined value approach to investing, Mr. Durphy guided client accounts through the Great Recession, returning profits, and greatly outpacing the market.
Mr. Durphy built his investing philosophy on Benjamin Graham's advice in The Intelligent Investor. Mr. Graham was Warren Buffet's professor at Columbia University, and is considered the grandfather of value investing. His philosophy holds that one should buy companies that have excellent management, strong underlying financials, and, for one reason or another, are currently ignored by Wall Street.
Most investors frequently make two key mistakes: they are too active and they react to market events. The top investors identify and buy the best companies within the most attractive sectors and make adjustments to a portfolio only when something fundamental occurs. Fundamental events would include strategic or management changes at the company, or events that impact the entire sector.
Often, the incentives for many money managers, or brokers, are not aligned with their
customers: there are either incentives to trade actively (commissions), sell proprietary
products which have hidden costs and are not efficient (mutual funds, complicated
structured products), or sell stocks of companies with which their bank has a relationship.
Niehaus Liberty is an independent fee-
Fee-
Why Fee-Only?
View a graph that charts Niehaus Liberty client performance since 2006:
Historical Performance Chart
Niehaus Liberty clients have outpaced the S&P 500, see the latest numbers:
Client Performance
Areas of interest
| December 30, 2011 |
| September 30, 2011 |
| June 30, 2011 |
| March 31, 2011 |
| December 31, 2010 |
| September 30, 2010 |
| June 30, 2011 |
| Compound Interest |