Tim Armour was recently elected as the Chairman of Capital Group. His appointment came after the unexpected demise of James Rothenberg in 2015, while on vacation. Armour assumes control of this investment giant that has long held to the idea of collective management and planning from the average investor to the top managerial levels of business operation.
Armour’s predecessor saw the business grow from several billion to over one trillion in managed assets. The firm has a very conservative portfolio system that relies on long-term growth.
Armour has 33 years of investment experience, all while working with Capital Group. As an equity investment analyst at Capital, his area of expertise was in global telecommunications and the U.S. service companies. Armour obtained a Bachelor’s Degree in Economics from Middlebury College.
Tim Armour and the other top management officials at Capital Group are committed to the idea of using a collegial basis for decisions at the management level as well as decisions being made for individual clients. This system of governance and portfolio operation has earned a name in investing, the Capital Group Method.
The Capital Group is located in Los Angeles, employs 7500 agents and support workers around the world. It has other offices located in Europe, Asia, Australia, and North America.
The focus of Tim Armour and all of the financial agents is on the long term and taking positions with established companies and corporation that are publicly traded on one of the many stock exchanges.
The man Tim Armour replaced, James Rothenberg, was a strong advocate of education. Rothenberg sat as a chairman of the board at Harvard. He believed that education served to make a country great and would create an economy that benefits all the members of the country. In the United States of America, we see the importance of this need for education as our economy is changing from a producer economy to a service based economy. Never has the need for education been more necessary, but in America, we witness the deterioration of wisdom in both the cities and the rural areas. Reading books and newspapers has been replaced by watching television and the results have been disastrous. Reading newspapers and magazines increased the readers’ perspective and offered the reader avenues to explore and enrich. Today that is gone.