American Research & Management Co.

Portfolio Management
Stock Selection Process
Bond Selection Process
Risk Management
Sell Criteria

Risk Management

We believe that risk management is as important as growing capital. Our investment style – buying high quality companies below intrinsic value – provides an underlying margin of safety. Investing in a diversified group of companies with significant tangible assets, high cash flows or strong dividend policies offers further downside protection. We also employ sophisticated strategies to reduce risk for clients with highly concentrated stock positions.