Acquisition Expands Clients’ Investment Options

Concord, NH – January 22, 2018 – Today, Granite Investment Advisors, an employee owned, independent registered investment firm in downtown Concord, announced the assets acquisition of Hutchens Investment Management, owned by William D. Hutchens, Jr., CFA®.

For Granite Investment Advisors, the transaction adds significant services capabilities, providing a broader range of investment offerings for their growing client base. Specifically, the acquisition expands Granite Investment Advisors’ focus from primarily ‘value’ investing to now include ‘growth’ investment options. The combined firm, with some $685 million under management, provides increased investment research depth and administrative compliance support.

According to Scott Schermerhorn, Managing Partner and Chief Investment Officer, Granite Investment Advisors, “Adding Hutchens’ growth investment services immediately provides a new, broader offering that directly addresses the unique needs of our clients. By advising on both value and growth investment options we see the opportunity for enhanced returns, as well as peace of mind for our clients.”

Also new for Granite Investment Advisors is their expanded financial planning capabilities. Schermerhorn explained, “We have adopted capabilities that quantifiably determine risk tolerances, evaluating a client’s current asset allocation to better determine if the portfolio matches their needs. In many cases, we have found clients’ true risk tolerances are not properly reflected in their asset allocations.”

Schermerhorn added, “In addition to expanding our client offerings, this acquisition is a ‘homecoming’ for Bill Hutchens. Bill essentially started his investment management career with us nearly 25 years ago, and we’re pleased to see him return to his roots.”

Hutchens will be Managing Director and Head of the Core Growth equity strategy, as well as Head of Institutional Investments at Granite Investment Advisors. He has extensive investment experience including portfolio management, research, consulting, and security analysis. Hutchens’ complete biography can be found online at:
http://www.graniteinvestmentadvisors.com/about-us/your-team/william-d-hutchens

About Granite Investment Advisors

Granite Investment Advisors, located in downtown Concord, New Hampshire has been helping individuals, families, and organizations develop customized investment approaches for over thirty years. While its roots are established in New Hampshire, Granite Investment Advisors maintains a global reach and worldview that provides sound investment advice based on facts, not hype. For more information: www.graniteinvestmentadvisors.com.

Contact

Scott Schermerhorn
Managing Partner, Granite Investment Advisors
Phone: 603-226-6600
Email: Scott@GraniteInv.com

Photo Courtesy of Granite Investment Advisors. (L) Scott Schermerhorn, Managing Partner and Chief Investment Officer and (R) William D. Hutchens, Jr., CFA®, Managing Director and Head of the Core Growth equity strategy and Head of Institutional Investments