R.G.​ Associates, Inc.

What Makes Us Unique:

An investment firm with an accounting heart

• The bottom-up, value philosophy is backed up with accounting experience

  • Portfolio Manager Jack Ciesielski has more than 40 years of accounting experience and over 35 years of investment experience. For 26 years, he wrote The Analyst’s Accounting Observer, a research service for institutional investors, and is often sought by the press for his accounting knowledge

​

• The stock selection process relies on fundamental analysis, enhanced by skepticism fostered by our accounting knowledge

  • ​We analyze companies using traditional fundamental analysis, but also employ non-traditional accounting measures, such as Cash Operating Return on Assets (COROA)

  • COROA is a measure devised here. It determines a company’s ability to generate cash from assets over time, and relates a company's cash generating ability to its peers while minimizing accounting differences.