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Ashbridge Investment Management, LLC

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Ashbridge Investment Management, LLC

Overview:

Ashbridge has built a legacy of providing longstanding investment solutions for families and related philanthropic organizations. This independent, Philadelphia-based firm reached a new chapter in its life when an asset acquisition was completed by Threshold Group in 2010.

History:

Founded by a single family familiar with the challenges of managing intergenerational wealth

Prominent Philadelphia industrialist Charles B. Grace, Sr. formed Ashbridge Corporation in 1958 to manage wealth generated from the sale of the steel fabricator, Heintz Manufacturing Company, and the wealth passed on by Eugene G. Grace, Sr., long-time chairman of Bethlehem Steel. Mr. Grace named the firm after his family farm in southeastern Pennsylvania.

In 1981, the Grace family office began delegating security selection to outside investment managers while maintaining responsibility for asset allocation and monitoring of investment performance in-house. They became one of the first families to advance a strategy known today as “open architecture.”

The success of this model led to the formation of Ashbridge Investment Management in 1992, an entity that provided wealth management expertise to other investors in the United States and abroad. As a registered investment advisor, Ashbridge served as the Grace family office and advised a select number of individuals, families and related philanthropic entities.

In 2009, Ashbridge began working with Threshold Group, another family-owned wealth management enterprise with headquarters in Washington state. In 2010, the two organziations completed an agreement in which Threshold purchased assets from Ashbridge and thereby assumed responsibility for serving most of Ashbridge’s wealth management clients. Today Ashbridge Investment Management LLC remains in place as an independent organization serving members of its founding family and a select number of clients.

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