Fayez Sarofim & Co. is an employee owned investment manager. The firm primarily provides its services to individuals. It also manages accounts for investment companies, pension and profit sharing plans, charitable organizations, corporations, state or municipal government entities, foundations, trusts, IRA, and endowments. It manages separate client focused equity, fixed income, and balanced portfolios and mutual funds. The firm invests in the public equity and fixed income markets across the globe. It invests in growth stocks of large-cap companies to create its equity portfolios. The firm invests in non-government and corporate bonds for its fixed income portfolio. It employs fundamental analysis with top-down approach to select the sectors and a bottom-up approach to select the securities to create its equity portfolio. The firm benchmarks the performance of its equity portfolio against the S&P 500 Index. It benchmarks the performance of its fixed income portfolio against the Fixed Composite Bond Index and 90 Day Treasury Bill. The firm combines its equity and fixed income strategies for its balanced portfolios. It conducts in-house research to make its investments. Fayez Sarofim & Co. was founded in 1958 and is based in Houston, Texas.