Dave is a partner and serves as Chief Investment Officer and Global Investment Strategist, leading the firm’s Investment Committee, oversees macro investment strategy and the guiding private investment activities. Dave has extensive experience in senior management, investment research, portfolio and risk management, asset allocation, and client engagement. He partners closely across teams to help design, implement, and manage client portfolios consistent with their objectives.
Most recently, Dave was CEO and founder of BC-GUMPS, a tactical asset manager, acquired by TwinFocus. Previously he spent 22 years at Mellon, an investment firm that merged with Bank of New York to become BNY Mellon in 2007. As CIO of Mellon, Dave united and integrated three distinct firms to create a leading $500B asset manager, the twelfth largest in the U.S. Throughout his tenure, Dave worked globally with institutional clients and boards, managed investors, and achieved five-fold growth in portfolio assets in his funds. Prior to his investment career, Dave was a management consultant at Deloitte and an engineer for The Dannon Company.
Dave’s industry accolades include Fortune’s Top 20 investors, Institutional Investor’s Best Manager (2x), Lipper Manager of the Year (5x), and Asian Manager of the Decade (2x).
Dave is Chartered Financial Analyst (CFA®). He earned his MBA from NYU’s Stern School of Business and bachelor’s degree from Rensselaer Polytechnic Institute (RPI). He served as an independent director on the boards of Total Brain and Alkermes and was the Executive in Residence at the Lally School for Management at RPI.
Investing offers an ever-changing puzzle to solve, with endless opportunities to uncover value and grow wealth. It is both intellectually stimulating and financially rewarding, allowing us to help our clients secure their family’s legacy.
I believe a successful CIO has two traits: first, a great understanding of the markets and second, the ability to listen to a client’s concerns and desires and put a plan into place to address them.
There is a lot of stuff I would fail fast at, so that is a long list! One of the keys to understanding the entire mosaic of investment management is understanding human behaviours. I think I could parlay that into coaching higher-level basketball, as it blends the best of human behaviour, teamwork, and hard work – all things I am passionate about.
Outside of work, my greatest joy is spending time with my three boys, aged 16, 13, and 10. I cherish those moments when they pause from their busy lives to engage in meaningful conversations with their ‘old man.’ While these instances are rarer than I’d prefer, they are truly treasured.
I am very proud of my transition from engineering to investing. The journey started with chasing a passion and with many doubters saying I didn’t have the requisite skills or resume to succeed. I went on to run one of the largest financial advisors in the world.
As a TwinFocus family office client of five years prior to joining as the firm’s CIO, I can personally attest to the team’s invaluable support managing complex investment solutions and situations. The team guided me through a challenging period, providing not only complex investment and legal expertise but also a deep understanding of human emotions.
Without their insights, the experience would have been significantly more stressful and less financially successful. I entrusted them with my deepest fears, financial aspirations, and legal complexities, and together we achieved excellence.
The Fortune Top 20 methodology includes a corporate reputation survey which evaluates approximately 1,500 companies, executives, directors and analysts who are rated on 9 criteria. A company must be ranked in the top half to listed.
The Lipper criteria are funds that are registered in the respective country at year end with at least 36 months of performance history as of calendar year end. In the U.S. all eligible open-end funds with sales permission in the U.S. will be considered. This is a purely analytical ranking.
Institutional Investor held a public call for nominations which the staff then uses to award nominees based on how strongly the candidates meet the criteria for their respective categories. U.S. Institutional Investors are surveyed and vote for the nominees.
There were no fees paid to participate in any of these ratings. These ratings are not indicative of the adviser’s future performance.