Fairport in Fifteen

Audio recorded on April 18, 2013

J.T. MullenChief Investment Strategist J. T. Mullen joined Fairport Asset Management in 2011, bringing more than 30 years of experience as a highly regarded investment and finance professional. As Chief Investment Strategist, J.T. provides leadership and strategic oversight to Fairport’s Investment Committee.  J.T. is widely known in the investment community as a creative problem solver, superb listener and effective leader. Among other accolades, he was named ‘Chief Financial Officer of the Year’ in 2007 for charitable organizations by Crain’s Cleveland Business. Prior to joining Fairport, J.T. was Senior Vice President and Chief Financial Officer at The Cleveland Foundation, the second largest community foundation in the country. During his 23 year tenure, he crafted an investment philosophy that led to substantial growth of the foundation's endowment – from $400 million to $1.8 billion. As Chief Financial Officer, he was responsible for managing both the Foundation's investments and its internal financial function. J.T. joined the Cleveland Foundation in 1987 as Controller and was named Chief Financial Officer five years later. He retired from the Foundation in 2010. Earlier in his career, J.T. was a manager with Arthur Young & Company and also with the Cuyahoga County Board of Commissioners. He holds a B.S. in Business Administration from Cleveland State University.Throughout his career, J.T. has been actively involved as an advisor, board member and volunteer for local and national nonprofit organizations. He served on several highly visible national committees addressing community foundation issues, such as investment practices, accounting standards, and alliances with the marketing, technology and financial services industries. He currently serves on the investment committees of United Way of Greater Cleveland, the Catholic Diocese of Cleveland Foundation and CSA Health Systems.

J.T. and his wife, Mary, are the proud parents of five children and four grandchildren. An avid sports fan, J.T. follows many teams and players with a statistical acumen that is impressive. He also enjoys playing golf and reading.

John M. Silvis, CFA Director of Investments

John Silvis, a CFA charterholder, serves as Fairport Asset Management’s Director of Investments. As such, John oversees the research of the Investment Team, determines the asset allocation of Fairport’s model portfolios and directs investment decisions and implementation on a day-to-day basis. John provides clients, prospects and internal staff with guidance about Fairport’s investment philosophy, process and performance.  John brings over 15 years of experience to the Investment Team and has been with the firm since 2000. Prior to Fairport, he was a Portfolio Manager at National City Bank. John began his career at Mellon Bank.  John obtained his B.A. in Economics at Penn State and his MBA at Baldwin Wallace College. He belongs to the CFA Institute, as well as the CFA Society of Cleveland where he serves as Treasurer. He is a member of the Benjamin Rose Institute Investment Committee. John lives in Strongsville with his wife Lori and has three children.  

Richard D’Amico, CFAManager of Investments

Richard D’Amico, a CFA charterholder, serves as Fairport Asset Management’s Manager of Investments. In this role, he oversees the implementation of the firm’s fixed income models and is responsible for the review and oversight of Fairport’s alternative investments and strategies. Rick brings over 10 years of experience to the Investment Team and has been with the firm since the summer of 2009. Rick most recently served as a market risk review analyst at KeyBank.  Prior to KeyBank, he worked as a licensed equity research analyst at Great Lakes Capital Partners, LTD, covering regional bank and thrift companies.   He is a graduate of Mount Union College where he obtained his B.A. in Business Administration with a Finance concentration.  He is also a member of the CFA Institute, as well as the CFA Society of Cleveland.   Rick lives in Rocky River with his wife Shannon and son.  In his free time, he enjoys playing baseball and spending time outdoors.

Asset Class Returns

Source: Ned Davis Research, Inc.

Source: (Top left) BEA, FactSet, J.P. Morgan Asset Management.(Bottom left) Census Bureau, FactSet, J.P. Morgan Asset Management.(Top right) BEA, FRB, J.P. Morgan Asset Management. *1Q13 household net worth are J.P. Morgan Asset Management estimates. Values maynot sum to 100% due to rounding.

Data are as of 3/31/13.

Source: U.S. Treasury, BEA, OMB, CBO, J.P. Morgan Asset Management.Data are as of 3/13/13.

Fixed Income Sector Returns

Source: Ned Davis Research, Inc.

Source: Ned Davis Research, Inc.

Source: Ned Davis Research, Inc.

This Fairport in Fifteen presentation is for informational purposes only and should not be relied upon as research or investment advice. It should not be considered as a solicitation or recommendation by Fairport to buy, sell or continue to hold securities or other investments. Past performance is not a guarantee of future results, and is not indicative of any specific investment. It should not be assumed that the investment process and strategy discussed herein has been or will prove to be profitable. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets.

Audio recorded on April 18, 2013.

Disclosures

Fairport Partners

Paul Abbey

Ken Coleman

Andrew Connors, CFP®

Pete DeVito, CPA, CFP®

Emily Drake, CFP®

Heather Ettinger

Chris Isabella, CPA/PFS, CGMA

Tom Seifert, CPA/PFS

Emily Shacklett, CPA/PFS