# Anchor Capital Advisors

Anchor Capital Advisors is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Two International Place, 21st Floor, Boston, MA 02110
- **Founded:** 1983
- **Assets under management:** Undisclosed
- **Website:** anchorcapital.com
- **LinkedIn:** https://www.linkedin.com/company/anchor-capital-advisors

## Regulatory record

- **CRD number:** 105540
- **SEC file number:** 801-18930
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105540

## About

Anchor Capital Advisors is an SEC-registered investment adviser in Boston, MA, registered since 1983. The firm manages approximately $2.4 billion in regulatory assets. It has 42 employees and 15 investment advisers.

## People

- William P. Rice — Chief Executive Officer and Chief Investment Officer
- William P. Rice, Sr. — Executive Chairman
- Kristen A. McGovern — Chief Operating Officer and Chief Compliance Officer
- Kyle F. Gorman — Chief Financial Officer
- Stephanie K. Moroney — Director of Research and Portfolio Manager

## Questions

### Who runs investment decisions at Anchor Capital Advisors?

William P. Rice is CEO and CIO, making him the senior decision-maker on investment strategy. Director of Research Stephanie K. Moroney oversees the analytical pipeline, and a team of CFA charterholders — including portfolio managers Tigran Navasardian and Andrew St. Martin — executes the research process.

### How does Anchor Capital source its investment ideas?

The firm runs a proprietary quantitative screen across the large-cap universe to isolate the cheapest quintile of stocks on standard value metrics — price-to-book, price-to-earnings, and free-cash-flow yield. Analysts then apply qualitative and forensic-accounting reviews to eliminate value traps, focusing on balance-sheet quality, pension liabilities, and off-balance-sheet obligations before any name enters the portfolio.

### What investment stages or market capitalizations does Anchor Capital typically target?

The firm focuses exclusively on large-capitalization value equities. It does not invest in small-cap, mid-cap, or micro-cap stocks as part of its core strategy, nor does it pursue venture capital, private equity, or late-stage growth rounds. The process centers on established public companies with durable balance sheets trading at cyclically depressed multiples.

### What sectors does Anchor Capital explicitly avoid?

Anchor does not publish a formal exclusion list, but its value discipline steers it away from high-multiple technology and early-stage biotech names where intrinsic-value calculations are speculative. The firm's own market commentaries suggest it avoids sectors where business-model deterioration is obscured by temporarily low valuations, a category it calls "value traps."

### How is Anchor Capital's leadership succession structured?

William P. Rice, Sr., who founded the firm in 1983, remains Executive Chairman. His son, William P. Rice, holds the combined CEO and CIO roles. This father-son leadership arrangement is rare among institutional asset managers and creates a succession path embedded in family continuity rather than external capital or a broad partnership structure.

## Related profiles

- [Anchorage Capital Partners](https://altss.com/profile/anchorage-capital-partners)
- [Angel Capital Management](https://altss.com/profile/angel-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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