History of Firm
By January of 1933, one of every five workers in the United
States was unemployed, the Dow-Jones
Industrial Average stood near its low of 41, and the newly elected president,
Franklin D. Roosevelt, was about to ask Congress to declare a Bank Holiday in
an attempt to stem the national panic brought on by a worldwide depression. That same January, Arthur C. Waters and his
partner founded the investment counseling firm, Waters and Alcus, forerunner of
the current Waters, Parkerson & Co.
Mr. Waters reasoned that, given the condition of this economy, the
investor needed not simply advice, but advice based on fundamental analysis and
calm judgment. From 1933 through a
depression, World War, and the profound changes in the U.S.
and world economies, Waters, Parkerson & Co. has continued to uphold this
tradition of integrity, sound counsel, and personal attention to individuals
and institutions.
Our fourth generation of investment counselors is now
serving Waters, Parkerson & Co. clients.
For more than 75 years, several qualities have distinguished us and have
made our services unique.