Fairport in Fifteen

Audio recorded on October 11, 2012

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 the 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 an impressive statistical acumen. 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. In this role, 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. He began his career at Mellon Bank.John obtained a B.A. in Economics at Penn State and his MBA at Baldwin Wallace College. He is a member of the CFA Institute, as well as the CFA Society of Cleveland.

John lives in Strongsville with his wife Lori and has three children. He enjoys spending time outdoors with his family and is an avid Penn State fan. 

Richard D’Amico, CFAManager of Investments

Richard D’Amico, a CFA charterholder, serves as Fairport Asset Management’s Manager of Investments. He brings more than 10 years of experience to the Investment Team, where he oversees the implementation of the firm’s fixed income models and is responsible for the review and oversight of alternative investments and strategies. Before joining Fairport in 2009, Rick served as a market risk review analyst for KeyBank. Prior to, 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 a B.A. in Business Administration with a Finance concentration. He is also a member of the CFA Institute and 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: Standard & Poor’s, FactSet, J.P. Morgan Asset Management Earnings estimates are for calendar years and taken at quarter end dates throughout the year. Forward Price to Earnings is price divided by consensus analyst estimates of earnings per share for the next 12 months. P/E ratios are calculated and provided by Russell based on IBES consensus estimates of earnings over the next 12 months except for large blend, which is the S&P 500.Data are as of 09/30/12.

Source: Standard & Poor’s, Moody’s, FactSet, J.P. Morgan Asset Management. Data are as of 09/30/12.

Source: Standard & Poor’s, FactSet, J.P. Morgan Asset Management. Data are most recent as of 09/30/12.

Source: Census Bureau, FactSet, J.P. Morgan Asset Management. Data are as of 09/30/12.

Fixed Income Sector Returns

Source: Strategic Insight, J.P. Morgan Asset Management. Data are as of 09/30/12.

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 October 11, 2012.

Disclosures

Senior Relationship Team

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, AEP®