A. Firm Description and Principal Owners
Henry H. Armstrong Associates, Inc. (“Armstrong”, “we”, “our”) has been in business since 1983
with its headquarters in Pittsburgh, PA. Armstrong provides investment supervisory services to
individuals, families, and endowments. The principal owner of Armstrong is James McKay
Armstrong.
B. Types of Advisory Services
Armstrong offers continuous investment advisory services to clients. These services include the
purchase and sale of NYSE, NYSE Amex, and NASDAQ equity securities, high quality municipal
and corporate debt securities, certificates of deposit, Exchange-Traded Funds (“ETFs”), mutual
fund shares, and United States government securities. Armstrong also provides wealth advisory
services, helping clients with financial planning and wealth transfer considerations. We do not
render advisory services with regard to futures and options, nor provide legal or accounting
services.
C. Retirement Plan Rollovers – No Obligation
A client or prospective client leaving an employer typically has four options regarding an existing
retirement plan (and may engage in a combination of these options): (i) leave the money in the
former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is
available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”),
or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse
tax consequences). If Armstrong recommends that a client roll over their retirement plan assets
into an account to be managed by us, such a recommendation creates a conflict of interest if we
will earn new (or increase its current) compensation as a result of the rollover. If Armstrong
provides a recommendation as to whether a client should engage in a rollover
or not, we are acting
as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act
and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts.
No client is under any obligation to roll over retirement plan assets to an account managed by
Armstrong.
D. Tailored Relationships
Armstrong will tailor our advisory services to the individual client’s needs. The client’s unique
situation is our starting point. Armstrong takes the time to listen to clients, consult with their other
advisors, and analyze existing financial statements and wealth planning documents. We help
clients articulate and establish measurable and attainable goals. We work with the client’s team
of advisors to put forward recommendations designed to meet client goals. We work closely with
the client and their other advisors to implement our strategy and we regularly track the progress
toward client goals, confirm client goals, and modify the plan as necessary. Clients are permitted
to impose reasonable restrictions on investing in certain types of securities.
E. Client Obligations
In performing its services, Armstrong is not required to verify any information received from the
client or from the client’s other professionals and is expressly authorized to rely thereon.
Moreover, each client is advised that it remains his/her/its responsibility to promptly notify us if
there is ever any change in his/her/its financial situation or investment objectives for the purpose
of reviewing/evaluating/revising Armstrong’s previous recommendations and/or services.
F. Wrap Programs
Armstrong does not participate in or sponsor a wrap fee program.
G. Assets Under Management
As of December 31, 2022, Armstrong managed $902,996,113 in assets, all on a discretionary basis.