PIA’s Core Equity Strategy seeks to add value wherever we find opportunity, and are indifferent to style or capitalization constraints.  We identify equities that have consistently grown revenues, earnings, and dividends, if a dividend is paid, and expect to purchase these stocks at reasonable valuations.  We target sectors expected to outperform during different phases of the economic cycle.  We further adjust sector weights based on broad macro supply and demand trends.

PIA’s International Value Equity Strategy seeks long-term capital appreciation by investing in equity securities of non-US companies.  We combine a contrarian and opportunistic value philosophy with a disciplined, bottom-up fundamental stock selection process to achieve strong risk-adjusted returns and build and preserve the wealth of our investors. Our long-term oriented portfolios are limited to 35-55 companies and consists of durable franchises purchased at an appreciable discount to their full worth.  We manage risk through disciplined application of our philosophy and process in all market environments and diversity across industries and geographic regions.

The PIA Large Cap Quality Growth strategy seeks long-term growth of capital through investments in equity securities of large cap domestic companies and a limited number of non-US companies.
Utilizing a rigorous four-part investment process, we seek to hold the stocks of high quality companies when they are attractively priced, focusing at all times on 30 names while diversified broadly across all sectors of the economy.  We combine traditional financial analysis and proprietary qualitative analysis to maintain our focus on the truly great companies that investors want to own through all phases of the market cycle.