Bishop & Associates, Inc.

Bishop & Associates, Inc. Bishop & Associates, Inc., is a boutique asset management firm for high-net worth individuals and institutions. Bishop & Associates, Inc.

was founded in 1949 by Donald Bishop and Gordon Hedberg. Visionaries in the investment business, they formed the Rittenhouse Fund, which was one of the earliest mutual funds in the metropolitan area. Celebrating over 60 years of service, we are the oldest privately held investment counseling firm in Philadelphia established under the Investment Act of 1940. This means that we have consistently mai

ntained our independence and are beholden only to our clients. We have successfully blended institutional asset management with a very personal advisory style. Currently, the primary portfolio managers have over fifty-five years combined investment experience. This enables us to effectively handle the increasing complexities of the modern investment market place. Our professional and confidential management has resulted in clients having been with the firm on average fifteen plus years, and through all types of markets, we have delivered consistent returns that have formed the basis for the creation, preservation, and continuation of true wealth. Our purpose is to manage our clients’ assets, particularly equities, to provide steady, low-volatility growth with an eye towards capital preservation. We focus primarily on large capitalization companies with global reach. The majority of companies in our equity portfolios are U.S.-based, however, we recognize that the best growth does not always come from the home front. Therefore, we also use carefully selected foreign-based firms. is a Philadelphia firm with both regional and national reach. We are proud of our role in the dynamic landscape of the business community of Philadelphia. We do not participate in brokerage. We concentrate on wealth and investment management, and we believe that we do them extremely well.

Could It Be? Inflation?
01/22/2021

Could It Be? Inflation?

What's Happening: Tuesday September 9, 2020
09/09/2020

What's Happening: Tuesday September 9, 2020

Alice in Wonderland: Friday September 4, 2020...when positive job growth is negative
09/04/2020

Alice in Wonderland: Friday September 4, 2020...when positive job growth is negative

What's Happening: Thursday September 3, 2020
09/03/2020

What's Happening: Thursday September 3, 2020

What's Happening: Tuesday September 1, 2020
09/01/2020

What's Happening: Tuesday September 1, 2020

What's Happening: Thursday August 27, 2020
08/27/2020

What's Happening: Thursday August 27, 2020

What's Happening: Monday August 24, 2020
08/24/2020

What's Happening: Monday August 24, 2020

Have you seen our latest news?
08/17/2020

Have you seen our latest news?

What's Happening: May 12, 2020
05/12/2020

What's Happening: May 12, 2020

What's Happening: April 23, 2020
04/24/2020

What's Happening: April 23, 2020

04/24/2020

Welcome to Corona Friday! Which Friday will we have today? Markets were trading lower overnight, but the futures are modestly higher now. If 4pm comes and the markets are positive, that will be the second Friday in a row escaping the Corona effect. Last Friday the S&P 500 finished up 2.68%, which was the second-best Friday performance for the market all year. For all of 2020, however, Fridays have been the worst day for the market, with a median decline o 0.82%.

In other news, oil prices seem to be stabilizing in the mid-teens, which has led the largest shale oil producer operating in the North Dakota area to cease pumping operations. Both the dollar and Treasury yields are flat as the market digests the second week of an earnings season impacted by COVID-19.

A piece of odd news: we know that durable goods orders (refrigerators, air planes) are going to be terrible, but we don't know how terrible. Analysts are forecasting a 12% month-over-month decline. This would be the worst month on record NOT connected to the Paris Air Show, which drove huge swings in 2000 and 2015.

04/16/2020

This morning the jobless claims came in at 5.245 million. That was under the consensus forecasts for 5.5 million, but what's a few hundred thousand among friends?
Housing Starts and Building Permits were mixed, with starts down, but permits up. I suppose if you are sitting at home not starting a home, you might as well apply for permits.
The April Philly Fed manufacturing index was expected to come in at -32, but was much weaker at -56.6. Apparently since that data could've been much worse, the markets are taking a positive view, with futures up.

Address

Philadelphia, PA

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(215) 568-5450

Website

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