Loring Ward Investment Committee

Loring Ward Investment Committee
One of the most important functions Loring Ward performs in the prudent
management of our clients’ portfolios is the selection of appropriate investment
strategies and opportunities in keeping with our investment philosophy. Integral to
that purpose, the Investment Committee defines investment objectives, determines
investment strategies and monitors our investment solutions to meet both the
current and future needs of investors.
Loring Ward Investment Committee
3055 Olin Avenue, Suite 2000 | San Jose, CA 95128 | Telephone: (408) 260-3100 | www.loringward.com
Loring Ward Investment Committee
Harry M. Markowitz, PhD
Harry M. Markowitz is best known for winning the Nobel
Prize in Economic Sciences in 1990 for his work on portfolio
selection. In his distinguished career, Dr. Markowitz has
served in various academic posts at many universities,
including Baruch College, London School of Economics,
London Business School, University of Tokyo, Rutgers
University, Hebrew University, the Wharton School and
UCLA. He is also a board member (and former president)
of the American Finance Association and was a fellow of
the Econometric Society.
Recognized as the founder of Modern Portfolio Theory
and one of the nation’s best known minds in finance, Dr.
Markowitz is a professor of finance in the Rady School
of Management at UC San Diego. He is also president
of the Harry Markowitz Company and has also worked
for companies such as IBM and the Rand Corporation.
He received his Ph.D. in Economics from the University
of Chicago.
Meir Statman, PhD
Meir Statman is the Glenn Klimek Professor of Finance
at the Leavey School of Business, Santa Clara University.
His research focuses on behavioral finance, including how
investors and managers make financial decisions and how
these decisions are reflected in financial markets. His
research has been published in The Journal of Finance,
The Journal of Financial Economics, Financial Analysts
Journal, and The Journal of Financial and Quantitative
Analysis, among others.
Dr. Statman’s research has been supported by the National
Science Foundation, the Research Foundation of the CFA
Institute, and the Investment Management Consultants
Association (IMCA). Dr. Statman is a recipient of a
Batterymarch Fellowship, a William F. Sharpe Best Paper
Award, a Bernstein Fabozzi/Jacobs Levy Outstanding Article
Award, a Davis Ethics Award, a Moskowitz Prize for best
paper on socially responsible investing, two Baker IMCA
Journal Awards, and two Graham and Dodd Awards
of Excellence.
Dr. Statman received his Ph.D. from Columbia University
and his Bachelor’s Degree and M.B.A. from the Hebrew
University of Jerusalem.
Alex Potts
Joni L. Clark, CFA, CFP®
President & Chief Executive Officer,
Loring Ward
Chief Investment Officer
Loring Ward
Alex Potts is the President and C.E.O. of Loring Ward
Group Inc. as well as President and C.E.O. of the SA
Funds – Investment Trust.
Previously, he was the Chief Operating Officer of LWI
Financial Inc. He has also served as Chief Executive
Officer of RNP Advisory Services, Inc., a registered
investment advisory firm.
Potts started the SA Funds – Investment Trust and was
President and C.E.O. from 2000 – 2005, helping grow
the SA Funds to $1.5 billion in assets. He also founded
Loring Ward Securities, Inc. (formerly Assante Capital
Management Inc.). In addition, he also served as
Executive Vice President and General Manager of
LWI Financial Inc. (formerly Assante Asset Management, Inc.) and as Trustee of its 401(k) plan.
From 1990 – 2000, he served in various positions at Loring
Ward and its predecessor firms, including Senior Vice
President of Investment Operations, helping the firm
grow from $10 million in 1990 to $2.5 billion in 2005.
Potts earned a Bachelor of Science Degree in Economics
from Santa Clara University. He also holds General
Securities (Series 7), State Law (Series 63) and General
Securities Principal (Series 24) licenses.
Joni L. Clark has advised clients on all aspects of investment
strategy and portfolio risk management for two decades.
Her clients have included affluent individuals and families,
investment management organizations and large
institutional pension funds.
As Chief Investment Officer of Loring Ward, she directs
investment policy, research and portfolio management
strategies for the company. She also chairs the company’s
Investment Committee.
Prior to joining Loring Ward in 2002, Clark held senior
positions with some the country’s most respected financial
services firms. She began her career at Merrill Lynch
PFS (1989-1991). She then worked as Vice President
of Wilshire Associates (1991-1998), consulting for large
public and corporate defined benefit plans, foundations
and endowments and institutional investment management
firms. She also was a Managing Director at Legg Mason
Institutional Advisors (1998-2000), overseeing client
service for institutional client relationships. And she was
a Senior Investment Consultant and Portfolio Manager
at Enright Financial Consultants (2000-2002), a boutique
investment management firm serving affluent individuals
and families.
Clark received a Bachelor of Science degree in Finance in
1988, a Chartered Financial Analyst (CFA) designation in
1994, and became a Certified Financial Planner (CFP®)
in 2004. She is a member of the CFA Institute, the Los
Angeles Society of Financial Analysts, and the Financial
Planning Association.
Loring Ward Investment Committee
Sheldon P. McFarland
Matthew J. Carvalho, CFA, CFP®
Vice President, Portfolio
Strategy & Research
Loring Ward
Director, Investment Research
Loring Ward
Sheldon P. McFarland serves as Vice President of Portfolio
Strategy & Research at Loring Ward. His responsibilities
include management of the Research and Portfolio Strategy
groups, oversight of the Loring Ward Investment Planning
Center, and development of tools and services to support
Loring Ward advisors.
McFarland also authors articles for Loring Ward publications,
presents at Loring Ward events, and serves on both Loring
Ward’s Investment and SA Fund Pricing Committees.
Since 2001, he has served in several roles at Loring Ward,
including Manager of the Portfolio Strategy Group, Associate
Regional Director, Manager of Research and Investment
Policy, and Portfolio and Data Analyst.
He holds a Bachelors of Science Degree in Business
Management/Finance from Brigham Young University
and an Associate of Science Degree in Business Management from Utah Valley State College. He is a member
of the CFA Institute and CFA Society of San Francisco.
Matthew J. Carvalho has worked in the financial services
industry for nearly a decade, including institutional money
management, retail brokerage and wealth management.
As Director of Investment Research at Loring Ward, he
communicates the firm’s investment philosophy directly
to Advisors and conducts research and performance
verification for the firm.
Prior to joining Loring Ward in 2009, he held senior
positions with several leading financial services firms.
He began his career at E*Trade Financial (2003-2004)
specializing in retirement accounts and options trading;
Treasury Analyst, Assistant Vice President at Bank of
the West (2004-2008), working on the portfolio team
managing the Bank’s internal portfolio of fixed income
and derivative investments; Portfolio Specialist,
Bellatore Financial (2008-2009), providing customized
portfolio creation and research and high-net worth
client solutions.
Carvalho received his Bachelor of Science degree in
Finance in 2003, his Chartered Financial Analyst (CFA)
designation in 2007 and became a Certified Financial
Planner (CFP®) in 2012. He is a member of the CFA
Institute and the CFA Society of San Francisco.
Wynce Lam, CFA
Senior Portfolio Analyst
Loring Ward
Wynce Lam is the Senior Portfolio Analyst of Portfolio
Strategy & Research at Loring Ward. Her responsibilities
include portfolio performance analysis and research for
the firm. Prior to joining Loring Ward in 2012, she was
a senior analyst at Charles Schwab (2008 – 2012)
specializing in mutual fund and managed account
performance research.
She received her Master of Science degree in Electrical
Engineering from Stanford University in 1998, Master of
Financial Engineering degree from University of California
Berkeley in 2008, and Chartered Financial Analyst (CFA)
designation in 2012. She is a member of the CFA Institute
and the CFA Society of San Francisco.
3055 Olin Avenue, Suite 2000
San Jose, CA 95128
(408) 260-3100
www.loringward.com
LWI Financial Inc. (“Loring Ward”) is an investment adviser registered with the Securities and Exchange Commission.
Securities transactions may be offered through Loring Ward Securities Inc., an affiliate, member FINRA/SIPC. B 12-036 (Exp. 07/14)