Hennessy Advisors, Inc. was founded in 1989 in the San Francisco Bay Area by Neil J. Hennessy, who had been a successful stockbroker and branch, regional, and divisional manager for Paine Webber. He named the company in honor of his father, Edward J. Hennessy, who had also been a successful stockbroker. Neil believed that his father embodied the ideals that would make his business successful.
Hennessy Advisors was founded on the principles of operating with honesty and high ethical standards, building strong partnerships, and managing the business for the sole benefit of shareholders, and those same principles guide us today, over 30 years later.
The firm became an SEC-registered investment advisor in 1990 and later expanded to managing mutual funds. Hennessy launched its first fund in 1996, followed soon thereafter by its second fund in 1998. Following eleven successful, strategic acquisitions, the Hennessy family of products now includes mutual funds covering domestic equity, multi-asset, sector, and specialty categories as well as exchange-traded funds (ETFs).
Hennessy Advisors is headquartered in Novato, CA, and maintains offices in Boston, MA, Chapel Hill, NC, and Austin, TX.