Founded in 1983 as Scheetz, Smith & Co., the firm started with a single goal in mind: to put the client’s interest first. Our founding partners adopted this philosophy, which became the foundation of everything that we do. Initially, Scheetz, Smith & Co. had two businesses. One was investment banking, specializing in the underwriting of municipal securities in Pennsylvania. The second was asset management for institutions and high net-worth individuals.
In 1994, Mellon Bank purchased the investment banking portion of the business. With just the asset management business remaining, a new name was needed. As lifetime residents of Pittsburgh, the partners wanted a name that reflected their local roots. Ultimately, the partners decided on Guyasuta, the name of an eighteenth century Seneca Indian chief, best known as a leader and guide across Western Pennsylvania. In the spring of 1994, Scheetz, Smith & Co. took on the name Guyasuta Investment Advisors, Inc.