In 1933, as the world’s economies were in the throes of the Great Depression and global markets were undergoing severe social and political strain, J.P. Morgan, Jr., son of American financier J.P. Morgan and father of Morgan Stanley founding partner Henry S. Morgan, stated his business objectives simply and succinctly: to do first class business in a first class way. To this day, that philosophy forms the underpinning of the stated core values of both J.P. Morgan & Co. and Morgan Stanley. Forty-six years later, after John L. Weinberg and John C. Whitehead were elected co-senior partners of Goldman, Sachs & Co. following the death of Sidney J. Weinberg in 1969 and Gus Levy in 1976, John Whitehead drafted Goldman, Sachs’ Business Principles to reflect the firm’s values and to serve as a touchstone for its culture during a period of rapid change.
Similarly, Prescott aspires to conduct its business in a manner that reflects its values and underscores its responsibility to its partners, clients, investors and community.
Prescott’s relationships are based on a tradition of integrity and fairness developed over decades.
Prescott is dedicated to offering independent and unbiased counsel to its investors and clients. It limits participation in business activities that could create potential conflicts of interest.
Prescott endeavors to provide investment and advisory services of high quality, uniquely tailored to the specific needs and objectives of its investors and clients.
Prescott applies in-depth analytic capability, a rigorous and dispassionate evaluation of alternative strategies and a thorough assessment of risk to its investment activities.
Prescott has a diverse and entrepreneurial culture that rewards individual initiative and achievement while emphasizing teamwork and shared goals.
Prescott is continually seeking to develop innovative solutions that support its objectives and those of its investors and clients, constantly adapting as markets evolve.
Prescott is privately held and its senior principals manage its business activities with an owner’s orientation toward the creation of long term value.
Prescott is deeply aware of the importance of its conduct to its partners, clients, investors and community. It strives to maintain their trust in all of its endeavors