Punch & Associates Investment Management, Inc.
- Regulatory AUM
- $2.0B
- Discretionary
- $2.0B
- Clients
- 562
- Avg AUM / client
- $3.6M
- Accounts
- 559
- Employees
- 34
AUM over time
Annual snapshots from Form ADV filings · as of Apr 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 208 | $72.2M | 3.56% |
| High net worth individuals | 333 | $1.3B | 66.5% |
| Investment companies | 1 | $0 | — |
| Pooled investment vehicles (non-investment companies) | 2 | $387M | 19.1% |
| Pension and profit sharing plans | 3 | $110M | 5.44% |
| Charitable organizations | 9 | $71.0M | 3.5% |
| Other investment advisers | 1 | $0 | — |
| Corporations and other businesses | 5 | $39.9M | 1.97% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $317M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Punch Micro Cap Partners, Llc | Hedge Fund | Delaware | $262M | 97 |
| Punch Nano Cap Partners I, Llc | Hedge Fund | Delaware | $54.6M | 36 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Painters And Allied Trades District Council No.35 Annuity Fund Painters Annuity Council No. 35 Annuity Fund | 2024 | |
| Painters And Allied Trades District Council No. 35 Pension Fund Bd Of Trustees Pdc Pension Fund | 2024 |
People (18)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Howard Dean Punch | Chief Investment Officer | Jul 2001 (25y) | 50% – 75% | |
| John Claude Carraux | Managing Partner & Portfolio Manager | CFA Chartered Investment Counselor | Jan 2013 (14y) | 10% – 25% |
| Andrew John Matysik | Chief Executive Officer | Jan 2014 (13y) | 10% – 25% | |
| Paul Trueman Dwyer | Managing Partner & Portfolio Manager | CFA | Mar 2017 (9y) | Less than 5% |
| Jessica Brooke Johnson | Managing Partner | Jul 2017 (9y) | 5% – 10% | |
| Cory Stewart Kiner | Chief Financial Officer | Nov 2022 (4y) | Less than 5% | |
| Spicer, Todd, Lewis | Chief Compliance Officer | Jun 2023 (3y) | Less than 5% | |
| Kevin Robert Worms Lynch | Registered representative | Jan 2014 (13y) | ||
| Andrea Barkley | Registered representative | Mar 2017 (9y) | ||
| Ruth Triplet Langworthy | Registered representative | Feb 2020 (6y) | ||
| Patrick Samuel Sheldon | Registered representative | Nov 2020 (6y) | ||
| Ryan Punch | Registered representative | CFP | Mar 2021 (5y) | |
| Anthony Evan Perala | Registered representative | CFA | Nov 2021 (5y) | |
| James Aaron Hannack | Registered representative | May 2023 (3y) | ||
| Linnea Emelie Akesson | Registered representative | May 2023 (3y) | ||
| Khalil Harris | Registered representative | CFP | Mar 2024 (2y) | |
| Samuel C Ludzack | Registered representative | CFA | Dec 2024 (2y) | |
| Heather Rezab | Registered representative | Aug 2025 (1y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $317M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Punch Micro Cap Partners, Llc | Hedge Fund | $262M | $250K | 97 |
| Punch Nano Cap Partners I, Llc | Hedge Fund | $54.6M | $500K | 36 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Painters And Allied Trades District Council No.35 Annuity Fund | Painters Annuity Council No. 35 Annuity Fund | 2,820 | $527M | 07/01/2024 |
| Painters And Allied Trades District Council No. 35 Pension Fund | Bd Of Trustees Pdc Pension Fund | 2,235 | $806M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/30/2026 | 1.34 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • A PERCENTAGE OF AUM ALLOCATED TO OUR MODEL PORTFOLIO
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Publication of periodicals or newsletters
- • Other services
Custody
Reported custodians
- Fidelity Brokerage Services $1.5B (74% of AUM) Apr 2026
- BNY Mellon $206M (10% of AUM) Apr 2025
- State Street $133M (9% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 30, 2026.
View current Form ADV (SEC/IAPD) ↗