Douglass Winthrop Advisors LLC

Overview

Douglass Winthrop Advisors LLC is an SEC-registered investment advisor based in New York City, managing approximately $6.5 billion in assets as of December 31, 2025. The firm specializes in managing equity and balanced portfolios using a quality value strategy, catering to individuals, families, trusts, and endowments. Their investment approach emphasizes long-term ownership of high-quality stocks and bonds, aiming to compound and preserve wealth over time. The firm's portfolio typically consists of 25 to 30 stocks, with an average holding period of three to five years. In balanced portfolios, they invest in high-quality corporate, municipal, and agency bonds. The principles of value investing underpin their approach to portfolio management, focusing on companies led by high-integrity owner-managers who run their firms for the benefit of shareholders. They select companies with near-permanent advantages arising from brand, industry leadership, or economies of scale that increase the chances for success in times of stress. Strong balance sheets back all of their equity and corporate bond holdings. Douglass Winthrop Advisors LLC is owned and managed by its principals, including Jay Winthrop, Charles T. Howard, and Lea Paine Highet. The firm operates offices in New York City, Washington, D.C., and West Palm Beach, Florida. Their fee structure is based on a percentage of assets under management, aligning their goals with those of their clients. The firm's primary objective is to grow and preserve clients' capital, adhering to the principles of hard work, honesty, and integrity.