Expert Details
Wealth Management, Asset Management, Retirement Plan Design, FinTech, Investment Management
ID: 732243
New York, USA
One of his specialties is discovering and managing the critical activities of HNW/UHNW families and their private structures in a globally challenging environment. He also often consults to institutions concerning building out their investment platform, investment management discovery, and the most suitable distribution channel (RIA, IBD, Wirehouse, Private Bank, etc.). Expert's experience affords him the ability to profile for, negotiate, market, and execute sales with regards to the following products and services:
. Mutual Funds & ETFs
. Separately Managed Accounts (SMAs)
. Alternative Investments (Hedge Funds, Private Equity, Private Placements)
Consulted large financial institution as to how to choose money managers for their platform.
Consulted clients on all global asset structuring, banking, custody/settlement systems (DTCC, Euroclear, CETIP, SELIC, CME, BM&FBOVESPA)
* Created Hedge Fund structure for a very large Trust; worked with and managed 8 individuals with different responsibilities (trading, compliance, reporting, General Manager..etc); initially funded with 450 Mil USD
* Hired Merlin Securities (USA) as a Prime Broker; trained all hedge fund personnel on trading and report platform
* Hired Goldman Sachs (USA) and JPM (USA) as custody providers
* Hired Credit Suisse (Cayman) as the Administrator
* Hired DMS Offshore Services (Cayman) as the Governance Firm
* Hired Walkers (Cayman/London) as the Attorney FirmAdvised the partners of a large Private Equity firm about the Pricing/Data Services space
* Discussed strengths, weaknesses, target markets, and business models of the following companies: Bloomberg, Thomson Reuters, Interactive Data, FactSet, S&P Capital IQ, Markit, Morningstar Direct, and a newer entrant called SymphonyAdvised Big 4 Management Consulting Firm on Benchmarking Service/Software Providers and index usage
* Compare and contrast; MSCI, Lipper, Evestment, and Morningstar
* Discussed index/benchmark customization optionsConsulted Research Firms, Big 4 Management Consulting Firms, Global Banks, Private Equity Funds, Hedge Funds, and Global Conglomerates
* Advised large UK Private Equity Firm on Portfolio Optimization service providers and the integration / compatibility of modeling tools and coding problem solvers
* Compare and contrast portfolio optimizers (BARRA/MSCI, Axioma, Northfield, Factset, Sunguard, Morningstar, S&P, Lipper, Evestment
* Discussed compatibility of modeling tools; C++, Java
* Discussed compatibility of coding problem solvers; MATLAB, PythonOther examples of his consulting engagements include:
* 529 plans and education planning strategies
* Alternative Investments: trends, strategies, segments
* Asset Management: integration and cross selling
* Trends in Asset Management
* Understanding the Department of Labor’s (DOL) Fiduciary Duty proposal
* The DOL’s Fiduciary Duty proposal and how it impacts Broker Dealers, Registered Investment Advisors, and Robo Advisors
* The DOL and Retirement Plans
* The Impact of Robo Advisors
* Bank Consulting (multiple topics); balance sheet efficiency, M&A, growth strategies, compliance and risk management, data management, cybersecurity, organization structure mistakes
* Bank Money/Wealth Management Platforms; investment categorization within various business segments
* BASEL III and Dodd Frank basics
* Benchmarking Software: comparing and contrasting
* Trading Software
* Bonus Pools (wirehouses)
* Retirement Plans and IRAs
* Performance and Compensation comparisons
* Portfolio Optimization/Risk Modeling
* Pricing and Data Service Providers: comparing and contrasting
* Private Equity trends
* Revenue Sharing at specific financial services firms; ETFs, 401(k)s, regulatory issues, revenue sharing and the DOL, mark-ups (third-parties & ticket charges)
* The 401(k) provider selection process: A Fiduciary Guide (philosophy, product fit, and process selection milestones)
* The top smaller (AUM) money managers
* Discussing specific characteristics of wealth management companies and trading companies with various Private Equity and Hedge Fund analysts.
* Passive vs Active investments
* Developing a Target Marketing Plan and Strategy for a start-up ETF/Research Firm
* Funding sources and strategies for a transfer terminal/port
* Lead consultant and project manager for a start-up hedge fund
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1989 | Degree: BS | Subject: Economics | Institution: SUNY Fredonia |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2013 to Present | Employer: Undisclosed | Title: Consultant | Department: |
Responsibilities:Expert consults to banks on fiduciary duty and fiduciary standard impact; broker and insurance business affects, policies and procedures, changing advisor behaviors, revenue replacement, DOL & SEC regulation regarding transparency, fees, and conflicts of interest, business model (RIA, IBD, Private Bank, etc.) and regulation differentiation. He provides an additional variety of other financial consulting services as well. |
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| Years | Employer | Title | Department |
| Years: 2013 to 2013 | Employer: Clark Dodge Asset Management | Title: Vice President | Department: Private Client Services |
Responsibilities:Expert provided retirement, education, tax, and estate planning services and advice to high net worth individuals and families. He worked with clients' financial objectives, created financial plans, communicated meaningful choices and options, and implemented plans. |
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| Years | Employer | Title | Department |
| Years: 2011 to 2013 | Employer: IMG Capital Partners | Title: Director | Department: Operations |
Responsibilities:He was sole institutional relationship manager for this start-up hedge fund; scrutinized and hired Administrator, Prime Broker, and Governance Firm and coordinated all activities between them, the General Partner, and the attorney firm. |
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| Years | Employer | Title | Department |
| Years: 2007 to 2010 | Employer: JPMorgan Investments | Title: Vice President | Department: Private Client Services |
Responsibilities:Expert presented JPMorgan Investment Discretionary Portfolios to the affluent client segment. He was responsible for the acquisition of HNW and affluent households. He exceeded his new asset brokerage goal every month (second highest out of thirty) and achieved the highest level of bond activity. Expert also reviewed portfolios and communicated ant tactical changes and/or strategic rebalances. |
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| Years | Employer | Title | Department |
| Years: 2004 to 2007 | Employer: Merrill Lynch | Title: Financial Advisor | Department: |
Responsibilities:He increased AUM in a highly entrepreneurial environment. He was responsible for $15 million in new assets ($10 million annuitized per year) -- the highest level of Fixed Income new money transactions in peer group. Expert maintained and chose well diversified discretionary portfolios that covered the risk/reward spectrum through constant due diligence. He also offered estate planning, retirement solutions, and 401(k) plan design advice and participated in speaking engagements and seminars. |
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| Years | Employer | Title | Department |
| Years: 2000 to 2001 | Employer: Fidelity Investments / National Financial Services (NFS) | Title: Director | Department: Institutional Brokerage Group |
Responsibilities:Expert managed and monitored the performance of the Mid-Atlantic Region. He resolved high-level operation and technology issues and trading discrepancies. He quantified the capital flows of institutional clients to monitor firm risk. |
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| Years | Employer | Title | Department |
| Years: 1997 to 2000 | Employer: Bank Leumi USA | Title: AVP | Department: Private Banking |
Responsibilities:He expanded existing private banking relationships by acquisition through lending facilities, banking services, and investment management. He increased AUM by 35% through new business development and relationship management and managed retail book of business (over 200 clients). |
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| Years | Employer | Title | Department |
| Years: 1989 to 1997 | Employer: Fidelity Investments | Title: Regional Operations Manager | Department: Fidelity Brokerage Services |
Responsibilities:Expert monitored and reviewed the performance of all customer service and operational personnel in the Western Region (retail). He communicated regional risk reduction goals to all branch managers and operational staff in the region. |
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Fields of Expertise
401k plan, banking, bond, custodian bank, equity, financial planning, financial service, fixed income securities, international investment, investment, investment banking, investment management, money, pension fund, pension mismanagement, portfolio management, retail banking, retirement planning, securities clearing, securities finance, securities lending, securities regulation, suitability of investments