The Capital Group is a privately held financial services company. It was started in Los Angeles in 1931 by its founder Jonathan Bell Lovelace. Lovelace was a proponent of Fundamental Analysis and was a “Bear” shortly before the Crash of 1929. Lovelace was able to be solvent at a time when bullish firms and investors lost everything. Lovelace was in charge of Capital until his son, Jonathan Bell Lovelace, Jr., assumed control. His son became the head of operations and began a policy of collegiate counseling for the betterment of both investors and the future success of the company.
This single idea vaulted the company into the position it now holds as a respected, conservative, and profitable investment firm. This collegiate idea removed the burden of responsibility from the hands of one individual and put investing decisions and even the future of the company on the conference table of a committee composed of Capital employees. This system has worked very successfully for Capital and its customers and in the lexicon of investing bears the company name.
Timothy D. Armour replaced James Rothenberg shortly after Rothenberg’s untimely death at the age of 69. Armour had more than his 33 years of experience working for Capital, as he sat on the management committee for the firm. Armour’s role today has expanded to CEO and Chairman of Capital Group. He remains involved in the investing field as an equity portfolio manager, a position he has held for decades. Armour earned a Bachelor’s Degree in Economics from Middlebury College. He conducts business for clients and runs the company from the Los Angeles location where it was originally founded.
Capital Group is one of the world’s oldest and largest investment companies. It holds $1.39 Trillion in assets. Capital Group has offices in Europe, Asia, North and South America, and Australia.
The idea of collegiate management for individual investors referred to as the Capital System, is an idea that any investor can appreciate. Two or more heads are better than one. Whenever handing over funds to any firm, the investor expects a knowledgeable agent and a capable firm to successfully handle his or her investment portfolio. But in the past three decades, a large amount of criticism has been aimed at many agents and some investing firms. But the Capital system offers a much better and safer system. The longevity of the firm and its assets under management are compelling reasons to invest with this able-bodied behemoth of investing.
View Timothy Armour’s business profile here.