Penn Davis McFarland is a registered investment advisor that was founded in Dallas, Texas in 1977. For over forty years, we have taken a disciplined, consistent investment process to help individuals, families and institutions protect and grow their financial assets.
Our process is not constrained by style-box mandates, asset-allocation pie charts or even a requirement to be fully invested when no better opportunities exist. Our ultimate advantage is our flexibility and the power of compounding over a long-term time horizon.
Equity and Fixed
Our investment philosophy is founded in our fundamental analysis of companies that meet our strict investment criteria, such as market leadership in an attractive industry protected by high barriers to entry; robust free cash flow generation and a healthy balance sheet; a shareholder-friendly management team with skin in the game; strong sales growth with opportunities for margin expansion; and consistently high returns on invested capital. While we have a global focus, we implement our strategy through U.S.-listed securities.