MARCH 2019 | Barron's has named Mike Absher as one of America's Top 1,200 Advisors

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Barron's Top 1,200 Advisor 

FEBRUARY 2020 | Mike Absher has been named to Forbes Best-in-State Wealth Advisors Ranking.

To find out more about this distinction, click here.

Forbes Best-in-State  
 

 

Michael F. Absher, Jr. CIMA®

Chief Investment Officer
Investment Advisor Representative
Founder
 
 
The rankings are based on data provided by thousands of advisors. Factors included in the rankings were assets under management, revenue produced for the firm, regulatory record and client retention.
 
Ranking algorithm based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion.

Absher Wealth Management is a fee-only registered investment advisor that provides asset management, financial planning, and investor education. The firm was founded by Mike Absher who has been in the securities and wealth management industry since 1996. Prior to founding Absher Wealth Management in 2019, Mike spent his entire career at A.G. Edwards and the subsequent firms who acquired it. Mike is a Certified Investment Management Analyst (CIMA®) after successfully completing the educational program at the Wharton School of Business in 2007. He was joined by long-term partners Jennifer Oravsky and Kevin Mishoe, who are both Certified Financial Planners (CFP®), when he founded the firm. Jennifer had been with A.G. Edwards legacy firms for more than 20 years as well and is the Senior Wealth Planner providing financial planning advice for the firm's clients. Kevin has more than a decade of experience and is the firm's Chief Compliance Officer. Additionally, Zak Wahdan left Wells Fargo Advisors to join the team at the new firm.                                                                                                                                                       
Mike believes in straightforward and understandable asset management for their clients. He is the Chief Investment Officer and is responsible for all portfolio management decisions. The firm's asset management approach is focused on owning common stocks and individual bonds for client portfolios. They avoid products which add layers of fees and complexity. They believe in owning businesses based on the underlying fundamental characteristics of those companies, and also depending on the current valuation of those assets. While they benchmark performance against market indices, the Absher Wealth portfolios will not mimic or mirror any index. They will be diversified by sector, market cap, and country of domicile. However, their portfolios will not be bound by any index related constraints. The portfolios are individually constructed to allow for client restrictions, such as environmental, social, and governance concerns. The portfolios are also constructed to be tax-efficient in nature, which is helped by the low turnover generated by the long-term nature of the firm's investment strategy. Since clients will directly own the underlying stocks and bonds, they also will naturally have their own cost basis which avoids the problem of imbedded capital gains for new clients.

Absher Wealth Management believes in taking a stewardship mentality in everything they do. As such, the firm is committed to professional development and advanced education for all team members. As an example, Kevin and Zak are both currently level II candidates in the Chartered Financial Analyst (CFA®) program working through that multi-year professional designation. As another example, Jennifer Oravsky attended the Certified Private Wealth Advisor (CPWA®) program at the University of Chicago and is working to complete that designation. The firm has been intentional with its efforts to avoid all conflicts of interest. That is the core reason why the firm was established as a fee-only firm that doesn't collect trails or commissions related to product sales. As another example, the personal investment accounts of firm employees is invested in the same model portfolios as that of clients. The firm also provides multi-generational pricing, so that all members of a client's family can benefit from the firm's portfolio management and financial planning at the same asset-level based fee.                                                                             .

The belief of the senior partners is that acting in the best interest of clients can only be achieved if the interests of clients and the firm are aligned. The firm works to achieve that goal by delivering straightforward asset management with minimal tax and ancillary investment expenses, and by providing advice related to financial planning and investor education that is understandable and in plain English. They actively seek questions from their clients and attempt at all times to minimize jargon which is so common for this industry.

 

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Check the background of this financial professional on FINRA's BrokerCheck