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About Us

At Shapiro Asset Management our focus is you. With over 29 years of institutional and individual asset management experience we tailor your investments to meet your goals and risk tolerances. We aim to acheive meaningful appreciation and total return with a focus on controlling risk and therefore preserving your capital. Our investment focus is primarily individual equity and fixed income positions. Exchange traded funds are also utillzed to take advantage of opportunities as they arise and provide additional diversification. If your account is taxable, care is taken to provide tax efficiencies.

Fixed Income (Bond) Portfolios

Shapiro Asset typically utilizes fixed income to moderate risk in an equity portfolio. The allocation to fixed is driven by the risk profile of the client.

Our fixed income portfolios limit interest rate and credit risk. Rather, we take our risk in the equity markets which provide greater return potential.

Bond portfolios typically have a laddered structure (maturities coming due every year or sooner) and consist mostly of Treasuries and government agency bonds, the highest quality available. By having a laddered portfolio, bonds that mature on a regular basis can be reinvested at the prevailing interest rate, thus reducing interest rate movement risk.

Email us at: mshapiro@ShapiroAsset.com

Equity Portfolios

Shapiro Asset's dynamic "bottom up" approach utilizes quantitative, fundamental, and behavioral analysis to create portfolios that will provide long term outperformance.

We begin the process by seeking companies trading below historical multiples exhibiting improving fundamentals which are not fully understood or recognized. In many cases they have exhibited a catalyst for future growth. Examples of catalysts include new management, products, improving operational efficiencies, and economic factors. In most cases these companies have reported earnings that have exceeded expectations of analysts.

We then require these companies to possess a strong balance sheet, generate ample free cash flow, and produce a meaningful return on equity. These factors help limit downside risk. We believe these characteristics also reduce the risk of overpaying.

To control volatility, the portfolios typical have a minimum of 25 positions with exposure to at least seven of the ten economic sectors of the market. We invest in stocks of all capitalizations, with the weightings influenced by the risk and return potential of the companies. A minimum position size is 2% while the maximum is 8%.

Shapiro Asset Management, LLC

Personalized Investment Strategies