Jim Pittenger and Dan Anderson began their careers with bank investment departments during the early 1970s, after each graduated from the University of Nebraska. While at their respective banks, Pitt and Dan were responsible for government and municipal bond trading, underwriting and institutional sales. Firmly grounded with an expertise in fixed income, the two became partners at Dean Witter in 1985, where their duties expanded to include equities, corporate bonds and mutual funds. Sensing a need for an advisor who puts the interests of their clients first, Pitt left Dean Witter to start Pittenger & Co., Inc. in 1995. One year later, the two were reunited and Pittenger & Anderson, Inc. was born.
Over the years, P&A has evolved from almost exclusively an individual stock and bond manager to include the use of exchange-traded funds (ETFs), mutual funds, as well as some alternative investments. In 1999, the Investment Committee instituted a more formal quarterly account review process, utilizing a new portfolio review worksheet which analyzes a client’s exposure to industry groups, asset classes, as well as their performance compared to a benchmark.
During the early 2000s, P&A moved to a core-and-satellite approach to portfolio management and beefed up our in-house research efforts. We have continued to do so over the last decade. In 2009, P&A began using model portfolios and a rebalancing program for our mutual fund accounts that fall under the Custom Equity minimum. This has allowed us to better service smaller accounts, giving them the proper attention and diversification they need.
In 2012, P&A rolled out their succession plan by announcing three new principals. Jon Sevenker, Diane Klein and Trey Pittenger have each showed a commitment to the firm and the clients of P&A over the years and are excited to continue that commitment into the future.
Today, the firm employs a full-time staff of eight, including five CERTIFIED FINANCIAL PLANNERTM practitioners. Collectively, we have investment experience that crowds 100 years. Our assets under management as of April 2013 are $776 million.