Hugh ShineManaging Director - Investments
Hugh Shine is Managing Director-Investments of the Shine Richardson Investment Group. Hugh has been a trusted Financial Advisor since 1983. He has a BA from Sam Houston State University, MBA from Baylor University, and Investment Associate Certificate from Wharton School of Business and a Masters in Strategic Studies from the U.S. Army War College.
Hugh adopted the Modern Portfolio Theory (MPT) investment process during his studies at Baylor University and applies the theory of efficient portfolios in the development and execution of investment strategies for his clients. The Modern Portfolio Theory (MPT) was developed by Harry Markowitz, Merton Miller and William Sharpe and in 1990 they shared a Nobel Prize for their work. The theory sets forth the design of investment portfolios that seeks to provide the highest available expected return for a specified level of risk. Hugh's expertise is optimizing portfolios through the implementation of the theory by bringing money managers together representing different asset classes, appropriate diversification, non-correlation of investment sectors and style. The portfolio construction process is the blending of these parameters to help reduce portfolio volatility. Through on-going due diligence, performance monitoring and rebalancing, portfolios may stay focused on the client's investment strategy and objectives.
The Shine Richardson Investment Group of Wells Fargo Advisors is anchored by Hugh, who manages over $480 million as of August 31, 2017 in cash and financial assets for individuals, trusts, non-profit organizations, retirement plans, profit sharing plans and corporations. In 2015 and 2016, Hugh was named a Premier Advisor, a designation held by a select group of Financial Advisors within Wells Fargo Advisors as measured by business production, completion of educational components and professionalism. Hugh serves as the Branch Manager for the Temple office.
A Texan and resident of Central Texas since 1977, Hugh was a Master Army Aviator who completed 30 years of combined military service in the U.S. Army and Texas National Guard retiring at the rank of Colonel in July 2004, completing his career as the Aviation Brigade Commander for Texas' 49th Armored Division. He served in the Texas State House of Representatives from 1986-1991 and was an elected member of the Temple City Commission prior to his legislative service. Hugh also received a Presidential Appointment by President Reagan and served as a presidential advisor to the President on his Intergovernmental Advisory Council on Education.
Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.