Phil has been in the financial services business since 1997. He works with his clients in developing goals based investment plans and managing disciplined asset allocation investment strategies. Phil and his wife Eileen reside in Whitefish Bay, Wisconsin where they raised two sons who are now productive members of the workforce.
Personal Background and Investment Approach
Through diligent research and commitment to objectivity, I develop and oversee investment plans to address each client's unique situation. I apply my knowledge of investment products and wealth building strategies only after gaining a thorough understanding of the objectives an investor expects to achieve. I work with affluent households, those ambitious in the pursuit of becoming financially independent, and clients who value proactive service with integrity and full disclosure througout the planning process. I have been a licensed securities representative, investment advisor representative, and life insurance agent since 1997. Prior to entering the financial services business I worked as a business development manager for a North American manufacturer of interior building products. In 1981 I graduated from the University of Pennsylvania - Wharton School with a Bachelor of Science in Economics.
I feel strategic asset allocation is perhaps the most important investment decision. If one has great insight into the near future, it may be of benefit to make sound tactical decisions. While tactical positioning is important, and many investors devote the majority of their time to this aspect, it is minor part of an overall strategy. Strategic allocation may have much greater bearing on long-term returns, as shown by multiple academic studies. Great tactical decisions are usually not enough to rescue a portfolio from poor strategic decisions.
Price volatility may be uncomfortable, but the better definition of investment risk may be the possibility of permanent capital loss. An investor can watch security prices change continuously, but the appraised value of a company, which is derived through patient analysis, may be more relevant and stable in the long run. My core portfolio holdings are biased toward asset managers who attempt to avoid permanent loss through disciplined security selection which can generate long-term positive absolute returns. This approach embraces the idea that there is a persistent market failure to recognize a company's intrinsic value and attempts to exploit periods of mispricing.
Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.