William Armstrong

William R. Armstrong, CFA, is a Senior Securities Analyst at John G. Ullman & Associates, Inc., based in Albany, NY, where he has served since January 2019. In this role, he conducts in-depth equity research and fundamental analysis with a focus on uncovering value in select sectors including health care, infrastructure, technology, and utilities. He plays a key part in driving the firm's value-based investment strategy, identifying undervalued companies and contributing to both equity and bond portfolio management.

Before joining John G. Ullman & Associates, Armstrong accumulated substantial experience as Senior Vice President of Equity Research at CL King & Associates for over 16 years, and previously as Senior Vice President at PMG Capital. Throughout his career, he has established deep expertise in the analysis of individual companies in the sectors he covers, earning recognition for his detailed sector knowledge and disciplined analytical approach.

Armstrong holds an MBA in Finance from NYU Stern School of Business and a BS in Business Administration and Management from Montclair State University. He is a CFA charterholder, further underscoring his commitment to industry best practices and high professional standards. His combination of sector-specific insight and valuation-driven investment process has made him a respected voice in the investment community, frequently featured in industry interviews and discussions on market trends.