First Vice President - Investments
PIM Portfolio Manager
As a First Vice President-Investments and Portfolio Manager in the PIM Portfolio Management program at Wells Fargo Advisors., Michael provides his clients with fully customized fixed income portfolios on a discretionary basis. He has extensive experience in all aspects of portfolio management and credit selection and has demonstrated success navigating clients through changing market cycles.
Michael has worked in the asset management business for over a decade, beginning his career on the Municipal Bond Trading desk at JP Morgan's Private Bank. He began working with the firm’s underwriters to bring new issue deals to market and the firm’s research analysts to provide credit commentary. It was this foundation that allowed him to better understand credit and identify relative value in the secondary market. Having a disciplined investment strategy and risk control was crucial as Michael was committing firm capital to manage a portfolio of bonds. However, it was working with the firm’s advisors and clients to build customized bond portfolios that brought him the greatest satisfaction, as each client had different objectives, concerns and risk tolerances.
Michael received his B.A in Economics from the University of California, San Diego. He currently serves on the Committee for The Jewish Federations Finance Division and has previously been involved in the Young Professional’s Division of Stand With Us. He currently resides in the Sherman Oaks area with his wife and son.
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Fees for the PIM program include Advisory services, performance measurement, transaction costs, custody services and trading. Fees are based on the assets in the account and are assessed quarterly. There is a minimum fee of $250 per calendar quarter to maintain this type of account. The fees do not cover the fees and expenses of any underlying packaged product used in your portfolio. Advisory accounts are not appropriate for all investors. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for this program is $50,000.