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Home > Financial Services > Mutual Funds > Barrett
Barrett
Barrett Associates is a mutual fund company founded in 1937 by C. Redington Barrett, former Director of Research at Charles D. Barney, a predecessor firm to Smith Barney & Co. Mr. Barrett established the firm as an independent investment advisor .He sold majority ownership to his son John D. Barrett II who is the current chairman in 1970. Barrett has one mutual fund called Barrett Growth Fund.
For nearly 70 years, Barrett Associates has designed hundreds of investment plans and has managed thousands of security positions for institutions and multiple generations of families. Barrett Associates is an investment counseling firm whose focus is to build wealth for their clients through superior selection of stocks of high-quality companies, combined with the minimization of taxes and transaction expenses.
The Barrett Growth Fund seeks to achieve long-term capital appreciation and to maximize after-tax returns. It has invested client assets in stocks of high-quality, superior growth companies at reasonable prices. The investment advisor performs comprehensive, independent research in order to identify those companies with the following characteristics superior management, significant insider ownership, high profit margins, strong prospects for growth in unit sales and market share, proven products and sound balance sheets.
The Strategy is to buy and hold common Stocks with a minimum 50 percent revenue and earnings growth premium to that of the S&P 500 Index. The investment type was emphasized on large and Mid-Capitalization U.S. Common Stocks. The Minimum Investment should be 2,500 dollars; Qualified Retirement Account 1,000 dollars; 500 dollars for Coverdell Education Savings Accounts. They will not charge any transaction fees or redemption fees.
The Barrett Growth Fund was organized to provide investors with a cost-effective opportunity to benefit from Barrett Associates' investment philosophy of Growth at a Reasonable Price, without being required to maintain a large account balance. The Fund seeks to meet shareholder goals by purchasing and holding stocks for the long-term and minimizing turnover, thereby taking advantage of favorable long-term capital gains tax rates. The investment objective is long term capital appreciation and maximize after-tax returns.
Barrett Associates has supervised approximately 1.7 billion dollars for over 800 families, individuals, foundations and other entities.
This is as professionally run fund and the managers are dedicated to making a profit that is truly mutual to both the fund as well as the client.
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