The Firm

FPA is a leading practitioner of value investing. Providing a prudent place to invest, we focus on generating superior returns over the long-term coupled with capital preservation. We consider ourselves investors, not traders, and foster a culture that promotes high ethical standards.

FPA is located in Los Angeles, California. The firm is independently owned with 28 investment professionals and 71 employees in total. Currently, FPA manages $23.4 billion across four equity strategies and one fixed income strategy.

FPA's equity and fixed income styles are linked by a common fundamental value orientation. Our goal is to provide a consistent, risk-averse and disciplined approach to long-term investing in individual securities with the objective of achieving superior total returns for client portfolios.