30 + years in service, asset allocation, and portfolio management roles, including director and fiduciary duties.
o June 1990, Individual Consultant, TIAA-CREF (now TIAA)
o 1995-1996, Investment Executive, PaineWebber
o 1996-1997, Mutual Fund Analyst, Seligman & Company of New York (formerly J.&W. Seligman & Co.)
o 1997, Mutual Fund Consultant, Prudential Financial
o 1997-1998, Assistant Vice President – Investment Management at Chase Investment Services, the broker-dealer of formerly Chase Manhattan Bank, now Chase Bank. Worked with the bank trust department on strategic asset allocation services while covering international equities on the dynamic asset allocation team. Additional responsibilities included the implementation and roll-out of a strategic asset allocation application and the redesign of a new 401k service.
o In January 1999, joined AXA Advisors, LLC, as Director- Asset Allocation, the broker-dealer for AXA Equitable, owned by roll-Role as Director – Asset Allocation involved a $1m year-long rollout of Modern Portfolio Theory (MPT) and building a strategic asset allocation approach across all products, services both individual and institutional. The project also included the redesign of a mutual fund wrap product and the application of MPT in a new 401k NAV mutual fund product for institutions. Later went on to provide support for the 401k product through asset allocation consulting services and mutual fund evaluation and analysis.
o In 2008, assumed the role of Co-Portfolio Manager for the AXA Funds Management Group LLC overseeing portfolio management design and development overseeing $30 billion in asset allocation assets using the same approach designed to support the broker-dealer advisory services. Also responsible for the design, development, and management of a proprietary active asset allocation approach that utilized equity styles in the portfolio management process overseeing $2 billion in ETF portfolios. The impetus for the approach was Style Investing: Unique Insight Into Equity Management authored by Richard Bernstein former head of the quantitative equity and equity derivatives strategies group at Merrill Lynch and Co.
o On the weekend proceeding the publishing on Oct. 19, 2008, used the following article “On Wall Street, Eyes Turn to the Fear Index,” to complete a volatility level analysis study and portfolio management approach idea to grow assets through protection. The study became the impetus for a company patent, innovation in product options that offered clients growth potential and downside protection, and a company innovation award. Before leaving AXA developed an innovative growth through protection dynamic asset allocation approach which would later be modified in the form of an active dynamic asset allocation approach to start his own NY State registered investment advisory firm, TG Asset Management, LLC.
o After leaving AXA he provided consulting services on asset allocation methodology, delivery, and product development for Markov Processes International.
o TG Asset Management, LLC (TGAM) served individuals, investment advisors, and institutions with active asset allocation overlay services and solutions.
o TGAM eventually became Fiduciary Focus, LLC, a non-registered fiduciary consulting firm focused on active asset allocation solutions for retirement plans and their participants. Core services include a dynamic asset allocation system for guiding participants in the long-term asset allocation decision-making process. While the firm’s preferred approach to investment vehicles is passive it also works with companies that are interested in maintaining an existing line-up. The core service are designed to offer the plan sponsor a solution for mitigating risk associated with liabilities related to a fiduciary duty to investment prudence and reasonableness.
o Reference: Patent – Is designed to provide dynamic shifts in and out of equities depending on a mid-point risk level of 30 measured via the CBOE VIX.