CHARLES SCHWAB INVESTMENT ADVISORY
MANAGING DIRECTOR, SEPARATE ACCOUNTS RESEARCH
What’s top of your to do list right now?
One of the projects I am working on is helping to continue to enhance our operational due diligence capabilities. It’s always been a valued part of our due diligence approach, and is becoming even more important for investors today.
What is keeping you awake at night work-wise?
Given the dynamic environment we operate in, making sure that our platform continues to meet the evolving needs of our clients to help them meet their goals.
What was your bestselling SMA last year?
Our fixed income SMAs really resonated with our client base. In particular, our municipal bond ladder offerings were very popular.
Best meeting you’ve ever had?
In general, the best on-site due diligence meetings are the ones that go smoothly and you learn something new about investing or the markets. We like to go into a meeting trying to confirm what we believe we already know and look for any additional areas that we may need to look into more deeply.
Worst meeting you’ve ever had?
This wasn’t a terrible meeting, but it sure was ‘unique.’ I was travelling with a colleague, meeting portfolio managers in New York City several years ago. My colleague had set up a meeting with a portfolio manager who was also visiting the city at the same time. The idea was to take advantage of all of us being in the same neighborhood and discuss how things were going with their firm, investment team and portfolio. The meeting ended up taking place in a fairly large function room in the basement of a hotel in midtown that was completely empty except for a single small table for the four of us and our chairs in the middle of the room. It felt like it was right out of GoodFellas. We asked a hotel employee if we could get some coffee, and they quoted us a $400 fee to set up a coffee station. We said we’d just go to the Starbucks across the street. We had a good discussion, but the logistics were a bit different to say the least.
If you weren’t doing this job, what would you be doing?
I’d focus on teaching. There’s a big need for financial literacy in general, and being able to combine the knowledge I’ve gained over the years throughout my career while helping to arm people with the knowledge they’ll need would seem like a win-win.
What are your interests and hobbies outside of work?
Like a lot of people in Denver, the lure of the outdoors is what attracted me to the area. In fact, my original plan after college was to just stay here for the winter to ski with a college buddy and head back to Boston the following spring to start my career, but I just really enjoyed living here with so many great people and cool things to do so close by. So, for me, being able to take fairly short drives up to the mountains and do things like mountain biking, fishing, snowboarding, and camping is awesome.
If you could travel anywhere in the world, where would it be?
I think touring around South America would be cool.
If we gave you $1,000, how would you invest it?
I’d add to my core investments, mostly in equities, through diversification and keeping my fees low. I know it’s not very exciting for many people, but it is a great way to help ensure I meet my long-term investing goals – helping finance that trip to South America.
Do you have any hidden talents?
I’d point to distance running. I ran cross country in college and have completed the Denver marathon. It’s something I’ve done throughout most of my life. It has actually taught me some important lessons about planning, grit, work ethic and teamwork. My dog loves it as well.