About the Firm

History

Walthausen & Co., LLC is a limited liability company founded in August, 2007 by John Walthausen. He was joined by the investment team that had worked with him previously at Paradigm Capital Management. The firm manages two domestic equity strategies in small and small to mid-capitalization companies.  Over the ensuing years, the firm has built a solid advisory business with assets under management growing to around the $1.3 billion mark since inception through the end of 2017.

The investment team endeavors to provide returns in excess of their stated benchmarks over a market cycle by discovering value in companies that they believe are trading below their underlying value and over time will appreciate to reflect their legitimate worth.

The firm’s principal place of business is in Malta, NY, about a three hour drive north of New York City. The investment team brought with them from their previous firm the same disciplined investment philosophy and process along with a commitment to providing superior long term returns and client service to clients and investors.

The firm provides advisory services to both institutions through separate accounts, and individuals via mutual funds, offering two small cap domestic equities strategies: Small Cap Value and small to mid-cap Select Value.

Select a member of the team to learn more.

John Walthausen, CFAChief Investment Officer and Portfolio Manager

John Walthausen is chief investment officer and portfolio manager for both the small cap value and small/mid value products. As CIO, Mr. Walthausen governs the investment process and manages the firm’s research department.  He has developed a well honed understanding of investing in small cap value stocks for over 40 years. Prior to founding Walthausen & Co., John served as Senior Portfolio Manager at Paradigm Capital Management from 1994 to 2007. John earned a B.A. from Kenyon College, a BArch. from City College, and an M.B.A. in Finance from New York University. He is a member of the CFA Institute and the New York Society of Securities Analysts.

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Stanley WesthoffSenior Research Analyst

Stanley Westhoff serves as a research analyst for both the small cap value and small/mid value products. Prior to the founding of the firm, he worked as a research analyst with Paradigm Capital Management from 2006 to 2007. Stan received a M.B.A. in Finance from State University of NY at Albany and a B.S. in Business Administration from State University of NY at Albany.

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Curt LasekSenior Research Analyst

Curt Lasek serves as a research analyst for both the small cap value and small/mid value products. Prior to joining the firm, he worked as a research analyst with Paradigm Capital Management from 2000 to 2011. Prior to 2000, Curt served as a credit analyst at The Travelers Companies, Inc. from 1998 to 1999 and held various financial and accounting roles of increasing responsibility at KeyCorp from 1992 to 1997. Curt holds an M.B.A. in Finance from Case Western Reserve University and a B.S. in Business Administration with a major in Accounting from West Virginia University.

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DeForest HinmanSpecial Analyst

DeForest Hinman serves as a special analyst for both the small cap value and small/mid value products. Prior to the founding of the firm, he worked as a research analyst with Paradigm Capital Management from 2005 to 2007. DeForest was also a research intern at Paradigm Capital in 2005. Mr. Hinman received a M.B.A. in Finance from the State University of NY at Albany and a B.S. in Business Administration (Summa Cum Laude) from the State University of NY at Albany. He holds a Series 65 securities license.

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Samantha DoxieResearch Analyst

Samantha serves as a research analyst for both the Small Cap Value and Select Value products. She joined Walthausen & Co. in June 2017 after receiving a B.S. in both Finance and Accounting from Siena College in Loudonville, New York.

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Paul NicholsSenior Vice President, Trading

Paul Nichols serves as director of trading and operations. As the director of trading, Mr. Nichols works closely with the portfolio team to cultivate the constant flow of time sensitive market data along with order executions. Operationally, he oversees portfolio accounting, trade settlement and performance computations. Paul has 20 years of trading experience, including serving as Vice President and Head Trader for Paradigm Capital Management from 1998 to 2007. Prior to 1998, he served as institutional sales trader from 1996 to 1998, and worked in operations from 1994 to 1996, while at C.L. King and Associates. Paul earned a B.S. in Business Administration and a major in Economics from SUNY Oswego.

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Mark HodgeChief Compliance Officer

Mark Hodge is chief compliance officer. Mr. Hodge is charged with all compliance and administrative responsibilities relating to the advisory clients of Walthausen & Co. Mark has over 30 years experience in the financial industry. From 1998 to 2007, he was Vice President of institutional equity sales at C.L. King and Associates. Prior to 1998, he worked in the same capacity marketing Australian and New Zealand equities, as well as spending two years as an equities portfolio manager with J. B. Were Investment Management. Mark received a Bachelor of Economics degree from Monash University in Melbourne, Australia.

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Erik NeroPortfolio Specialist & Director of Client Service

Erik serves as portfolio specialist and director of client service. Erik joined the firm after spending over 15 years providing wealth advisory services to wealthy families.  Erik received a Bachelor of Arts in English from Siena College in Loudonville, NY.  He holds Series 7 and Series 66 securities licenses.

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Amy MessierOffice Manager-Executive Assistant

Amy Messier serves as Office Manager as well as Executive Assistant, providing support in the areas of administration, business development and client service. Prior to joining the firm, she worked as an Executive Assistant at First Niagara Bank, N.A. from 2008 to 2013. Amy has over 15 years experience in various administrative roles in the financial industry.

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