Personal Chief Financial Officer
Personal Chief Financial Officer
Qualifications:
- Thirty years experience as senior financial officer, Board Investment Committee or Chair of healthcare, foundation, insurance, professional and other organizations
- Sarasota Memorial Healthcare System:
- $ 600 million Pension, Bond & Board Designated
- Gulf Coast Community Foundation:
- $ 250 million Pension & Endowment
- FirstHealth of the Carolinas:
- $ 280 million Pension, Foundation & Designated
- Venice Hospital , Hospital Foundation & Endowment
- $ 200 million Pension, Foundation & Designated
- Other: $ 170 million Bond, Pension, Foundation & Designated
- Registered Investment Advisor
- Certified Public Accountant-Florida
- Life, Health and Variable Annuity License, Florida
- B.S. Accounting, MBA Finance, The University of Akron
Approach:
- An independent advisor compensated on a fee only basis, free of conflict of interest to provide advice in the best interest of the Client
- A Holistic view of life planning in evaluating personal and professional life goals
- Service focus of strategic guidance and sustainable solutions to achieve life goals
- Be the Personal CFO for the Client to provide guidance & oversight along the way
CFO Services:
Initial Financial Assessment
- Define the scope of the family
- Articulate life goals
- Financial assessment
- Risk factors and mitigation vehicles in place
- Transition strategy (business and estate)
- Future plans regarding the above
Ongoing Financial Assistance
- Financial independence analysis
- Financial plan development and attainment reporting
- Coordinate tax, legal, insurance and estate planning professionals
- Endorse and implement the investment strategy
- Ongoing asset management services
Asset Management Services:
- Investment strategy development and implementation
- Portfolio rebalancing
- Liquidity management
- Performance reporting and review
- Tax strategy
- Continuing education
- The peace of mind that comes from knowing you have a well-conceived, disciplined, financial plan in place to meet life goals
Investment Philosophy (Empirical Academic Research Based)
- Risk and return are positively correlated
- The markets work over time
- Timing adds little value except in most extreme markets
- Maintain investment discipline long term
- Structure determines performance: Asset allocation explains 96% of the variation in portfolio return
- Diversify holdings among companies rather than individual securities to mitigate company risk
- Diversify across asset classes to mitigate asset class rotation risk
- Tactically adjust asset class allocation to reflect extremes in relative risk
Investment Strategy:
- Globally diversify across asset classes to mitigate risk and reflect the relative capitalization of global markets with a modest overweight toward domestic given its international earnings exposure
- Long term overweight toward asset classes with greater relative return potential
- Apply fundamental analysis to underweight asset classes that short term exhibit higher relative risk compared to historical norms
- Generally employ low cost mutual funds which efficiently access the desired asset class
- Selectively employ actively managed mutual funds with ten plus years of tenure and consistent top quartile performance for components of the portfolio
- Primarily employ high quality, low duration fixed income securities to provide desired cash flow and match the risk profile of the Client