Ken Roberts Investment Management Inc., of Spokane, says it has expanded its offerings to include a new Small/Mid Value strategy.

"Our firm has always had a fundamentally driven value-investment philosophy in buying companies that appear to be below our estimates of attainable future value based on the long-term fundamentals of a business," says Ken Roberts, the firm's founder and chief investment officer, in a press release.

"Our new Small/Mid Value strategy provides a natural transition down the market cap range from our Large-Cap Value strategy," Roberts says. "We feel that by consistently applying the investment team's long-term experience and discipline in analyzing market cycles, sectors, industries, and individual companies, we can provide a unique opportunity for our clients when buying undervalued small to mid-sized companies."

Chartered Financial Analyst Bryan Harman, who has more than 17 years of experience analyzing small and mid-size companies, is serving as Roberts' senior portfolio manager for the newly introduced strategy.

Harmon says in the press release he has recognized during his years in equity research and portfolio management that smaller companies "have less research coverage providing greater inefficiencies in the pricing of their stock."

He says, "Our research effort focuses on finding companies typically below $5 billion in market capitalization, with strong balance sheets, that are undervalued relative to their peer group, and that exhibit strong upside potential in earnings and, thus, stock price appreciation."

Adds Harmon, "This new strategy really gives us another way to serve our clients' needs, and I am truly enjoying the in-depth company-by-company research effort necessary to building diversified client portfolios."

Founded in 1994, Ken Roberts Investment Management is a boutique asset-management firm that provides active asset management nationally to high net-worth individuals, corporations, foundations, endowments, and public funds.