Berkshire Asset Management
Overview
About Berkshire Asset Management, LLC
Berkshire Asset Management, LLC (“Berkshire”) is located in Wilkes-Barre, PA. Berkshire Asset Management, Inc., (“Berkshire, Inc.”) was formed in 1986 as a registered investment advisor focused on US equity management for high-net-worth individuals and institutions.
Rather than solely focusing resources on marketing and raising as many assets as possible, Berkshire believes focusing on investment results, offering a limited number of strategies and communicating clearly with clients is the most rewarding way to grow our business. It is extremely important to us that our investors have a clear understanding of the key tenants of our philosophy and an appreciation of our firm’s culture.
Throughout the 1990’s, the firm grew in assets and reputation. By implementing a well-crafted investment philosophy, and providing quality service, the firm attracted attention as a boutique investment firm. In 1999, Berkshire, Inc. was sold to Legg Mason.
Seeking to once again have full control and autonomy over its strategic direction, senior leadership repurchased the firm in 2007, forming Berkshire. Berkshire is once again 100% employee owned and operated. The current investment team has worked cohesively since the mid-1990s, and the firm has experienced extremely low professional turnover throughout its entire history.
In 2009, Berkshire wished to capitalize on what it perceived as a multi-decade opportunity created by the financial crisis, particularly in high quality dividend paying stocks. Berkshire leveraged its existing reservoir of company research and large cap expertise and launched the Berkshire Dividend Growth Strategy. The strategy currently enjoys local and national reach through a select number of third-party distribution channels.
Most recently, in December 2022, iM Global Partner, a global asset management network, made a strategic, non-controlling investment in Berkshire.
About the Team
Rachel Ames, CFA
Vice President, Trading and Portfolio Analyst
Experience: Rachel has over 15 years of experience in portfolio management. Prior to joining Berkshire in September of 2019, she worked at various asset management companies in the Washington DC area. Most recently she served as Vice President of Portfolio Management with CBOE Vest. She also spent 14 years at ProShare Advisors, LLC in the role of Portfolio Manager. Rachel holds the Chartered Financial Analyst (CFA) designation and a bachelor’s degree in Finance from George Washington University.
Kenneth J. Krogulski, CFA
Managing Partner and Chief Investment Officer
Experience: Ken has 42 years of experience in security analysis and portfolio management. He joined Berkshire in 1990 after serving for 11 years as senior portfolio manager for the First Eastern Bank’s trust company. He is a director of Allied Services and Cumberland Pharmaceuticals, Inc. (CPIX: NASDAQ).
Gerard Mihalick, CFA
Partner and Portfolio Manager
Experience: Gerry has over 25 years of experience in the investment management industry and joined Berkshire in 1995. At Berkshire, Gerry is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire, he was employed as a portfolio manager with Fleet Investment Advisors in Rochester, New York. Gerry has served on the board of directors for various local non-profit organizations.
Jason J Reilly, CFP®
Vice President, Distribution
Experience: Jason has held various roles within the wealth and investment management business since 2006. Prior to joining Berkshire in 2015, he spent eight years with PNC Bank in both the Philadelphia and Northeast PA markets, where he served their high-net worth client base. At Berkshire, Jason helps build and maintain our institutional relationships and intermediary distribution channels. He also serves a select group of high-net worth families. Jason has served on the board of directors for various local non-profit organizations.
Gregory C. Weaver, CFA
Partner and Portfolio Manager
Experience: Greg is a member of the firm’s investment committee and has equity and fixed income research and portfolio management responsibilities. Prior to joining Berkshire in 2007, Greg was a financial analyst for both MGM Studios and Paramount Pictures. He was also previously an Investment Representative for Trust Company of the West and served as Wealth Manager for the M&T Bank Investment Group. He is a member of the CFA Society of Philadelphia and serves on the board of The Luzerne Foundation, the Home For Homeless Women, CASA of Luzerne County, and the Wyoming Commemorative Association.
Michael D. Weaver, CFA
Partner, Portfolio Manager
Experience: Mike has over 20 years experience in security analysis and portfolio management. At Berkshire, Mike is a member of the firm’s investment committee and has equity research and portfolio management responsibilities. Prior to joining Berkshire in 1999, Mike was a senior portfolio manager for Mellon Private Asset Management. He is a former director of the North Branch Land Trust and the Luzerne Foundation.
Funds
Our Strategies
Berkshire believes in practicing investment and planning principles that are “always in season”. Combining decades of experience, an open architecture investment platform and sophisticated planning software, Berkshire guides clients through identifying, monitoring and implementing their lifetime financial objectives.
Berkshire Dividend Growth |
Fact Sheet | Strategy Guide |
Portfolio manager
Commentary/Insights
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Q1 24 Berkshire Dividend Growth Commentary |
Commentary | Scorecard |
Archive
Q4 2023
Berkshire Dividend Growth |
Fact Sheet | Strategy Guide |
Q4 Berkshire Dividend Growth Commentary | Commentary | Scorecard |