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

To find out more about this distinction, click here.

Barron's Top 1,200 Advisor 

FEBRUARY 2019 | 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.

 

Mike has been in the securities industry since 1996, where he started his career at A.G. Edwards   He holds a Bachelor of Science degree in Economics from North Carolina State University.  He is currently the Chief Investment Officer and Founder of Absher Wealth Management, LLC.

As an Investment Advisor Representative who holds the Certified Investment Management Analyst (CIMA®) designation, Mike is dedicated to providing a higher standard of excellence and adheres to the professional code of the Investment Management Consultants Association (IMCA®).   IMCA® granted Mike his professional designation after completing the CIMA® educational requirements held at the University of Pennsylvania’s Wharton School of Business.  Mike focuses on helping clients with their portfolio construction, investment strategies, investment manager selection, discretionary equity portfolio management and wealth transfer strategies.

 

Investment Thesis

Our core belief is that wealth is created over time by investing in high quality businesses and participating in the long-term growth of those businesses rather than attempting to time the market. While past performance should not be considered an indication of future performance, history has shown a clear correlation between the performance of a company’s stock and the growth of that company’s underlying earnings over longer periods of time. Our philosophy is built primarily around quality characteristics with the intention to be a very long term investor in each company.

Investment Strategy

We employ a value methodology for adding new companies and also for reducing existing positions as a way to reduce volatility for our clients. There are several characteristics or qualities that we desire in our holdings, but each holding may or may not meet each of these criteria:

  1. A company with a history of producing predictable free cash flow that management can use to buy back shares of stock, pay dividends, or reinvest into the business for future growth. Our belief is that a history of free cash flow generation is a good indicator of a higher quality business.
  2. A company with a premium position in their industry or sector that can be measured by higher profit margins or market share than their relative competitors. We seek to own the best companies that we can for our clients regardless of market cap or geographic domicile. Please note that our view of best is not meant as a synonym for largest or fastest growing. We seek to own companies that are more conservative and higher quality with the belief that those investments can be held longer and will help reduce volatility during market declines.
  3. A company with a history of increasing dividends annually over a substantial period of time. Companies that have proven capable of increasing their dividends annually over multiple decades were able to adapt and prosper in many different economic environments. Our belief is that they may be more likely to do so in the future as well.
  4. A company with a more conservative balance sheet than its peer group. Leverage can accelerate the growth of a company during prosperous times, but it has also proven a dangerous element for companies during unexpected economic downturns. By seeking companies with less leverage, we believe that we will be exposed to fewer large losses during a decline.
  5. A company with significant stock ownership by its management team and board of directors.
  6. A company with an attractive valuation as measured by free cash flow yield. The free cash flow yield as we use it is measured by a company’s free cash flow divided by enterprise value.
  7. A company with strong returns on invested capital.

 

 

 

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