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Gregory J. Schwartz & Co., Inc.
       
 
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Gregory J. Schwartz & Co., Inc.
 
 
Mission statement: 

Our primary objective at Schwartz & Co. is to further ourselves as a premier provider in the highly competitive field of investment counseling. With every client interaction, we must provide first-rate expertise, in a very attentive manner, at a fair cost. The interests of our clients will always be placed above all other considerations. We take great pride in ourselves, the work we perform, and the services we deliver. Implementation of these ideals will result in maximizing the value delivered to our company’s stakeholders: our clients, our employees, our business partners and our shareholders.
Overview: 

Our Position
We are dedicated, first and foremost, to our client’s financial growth.

Our Philosophy
To this end, we practice a simple principle, which we believe keeps the relationship between our clients and ourselves personal and accountable: The investments we recommend are those that we ourselves typically invest in, because it is neither wise nor right to jeopardize your trust and financial well-being. This general philosophy governs how we do business.

Your Results
You and the Schwartz Company are, in fact, investing together. Consequently, we are able to grow together. Because, in the end, we take great pride in seeing that our clients, employees, business partners, and shareholders have their needs met.
History: 

Gregory J. Schwartz was born in 1941 on the west side of Detroit.  He attended Precious Blood Elementary School and Detroit Catholic Central High School.  He received a degree in Finance from the University of Notre Dame in 1963 and an MBA from University of Michigan in 1964.

After attaining his MBA, Mr. Schwartz began his career in finance with Manufacturer’s Bank in Detroit as a credit analyst.  It was there where he honed his skills at business valuation which ultimately led him to become a stockbroker.

Mr. Schwartz joined a NYSE brokerage firm in Detroit.  He specialized in researching and analyzing small company stocks.  He built a substantial client base through his ability to find undervalued equities with strong fundamentals and solid balance sheets.

1976
With a wife and five young sons, he started Gregory J. Schwartz & Co., Inc. in the Southfield Town Center.  At first, it was just he and an assistant.  By 1979, he needed to expand from the small space the company was renting.  The farmhouse on the southwest corner of Maple and Lahser in Bloomfield Hills, well over one hundred years old, was to be the company’s new location.

Soon thereafter, Greg’s brother George joined him to start the Mergers and Acquisition department.  Then, in 1981, Greg and George started another firm, Schwartz Investment Counsel, Inc. which today manages seven publicly traded mutual funds.

1987
With the business expanding, the farmhouse had an addition put on to triple the size of the building.  It was that same year that the company truly became a “family” business.

Though Greg Sr. hoped his boys would have an interest in the business, he encouraged each of them to work outside the company first to gain experience before joining the firm.  Gregory J. Schwartz, Jr., the oldest of five sons, moved back to Michigan from New York where he worked for Northwestern Mutual after receiving his degree from Fairfield University in Connecticut.

1989
Walter G. Schwartz III, son number two, joined the company after having worked in New York for the brokerage firm of Rodman and Renshaw.  Wally is also a graduate of Fairfield University.  The two brothers continued to grow the investment planning business much like their father had, by referrals and reputation.

1991
Schwartz Financial Group was formed to finance and syndicate real estate tax credit investments for Schwartz & Co. investors.  With Joseph E. Schwartz's real estate expertise, Schwartz Financial Group and Gregory J. Schwartz & Co. put together fifteen tax credit offerings financed by the Michigan State Housing Development Authority.  This furthered Greg Sr.’s vision that real estate ought to be a third key consideration of investing beyond equities and fixed income.

1993
Edward A. Schwartz, a graduate of Georgetown University and the fourth son, moved back to the area to start his MBA at the University of Michigan after having worked in investment banking at PaineWebber in New York.  While taking classes, he developed a business plan to start another division of the company.

1995
The firm’s newly created Institutional Services Department started handling defined benefit and defined contribution corporate retirement plans.  This division now oversees more than 100 retirement plans and manages over $2 Billion in assets.

1996
Schwartz Financial Group formed a partnership with American House Senior Living, founded by J. Robert Gillette.  This new relationship (American House Holdings, Inc.) allowed Mr. Gillette to focus on his expertise which was the management of his various apartment complexes.  Joseph E. Schwartz, in turn, became CFO of the joint venture.  Today, there are 30 American House locations making it the largest provider of senior housing in the state of Michigan.

2001
Peter F. Schwartz, the fifth and youngest son, joined the firm after having worked for Morgan Stanley’s Private Wealth Management Group in New York.  He also graduated from Fairfield University.  He joined his two eldest brothers in the investment planning area of the firm.

With his five sons now in the business, Greg Schwartz, Sr. continues as Chairman of Schwartz & Co. and its subsidiaries.

2002
Edward A. Schwartz was elected by the Board of Directors as President in addition to his role as Director of Institutional Services.

2003
Laura L. Powers, C.P.A. is appointed Chief Financial Officer.

2004
David R. Breuhan, Captain USA (Ret.), has been with Gregory J. Schwartz & Co., Inc. company since 1994, is elevated to Vice President.

2006
Edward A. Schwartz received one of five national appointments by the U.S. Secretary of Labor to serve on the Department of Labor’s ERISA Advisory Council.  Other firms that are represented by new appointees to the Council include J.P. Morgan and Vanguard.

2008
Firm crosses 2 Billion in assets under management.

2009
David R. Breuhan, whose writings have appeared in New York Times, Catholic Journal, Crains, has book, Spread the Wealth published and appears on Fox Business News Channel.

2011
Gregory J. Schwartz & Co., Inc. celebrates 35th anniversary with a March client event at Oakland Hills Country Club with special guest Gov. Mitt Romney.

Matthew J. Whitty is promoted to Director of Institutional Services.
Member:  FINRA, SIPC


 
 
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