Armstrong's returns
compounded over
time have had a surprisingly
large impact on wealth

Notes
Assuming a starting value of $1 million, Henry H. Armstrong Equity Composite outperformed the S&P 500 by $3.2 million, net of fee. Thus, 67% more wealth is available to the client.

The Wall Street Journal reports that more than 80% of U.S. money managers do not beat theS&P 500 over long periods.

Henry H. Armstrong Equity Composite returns are net of 1% management fee.

Please read our disclosure statement. Past performance is not indicative of future results.