Michael is a Partner and Co-Founder of Portfolio Evaluations, Inc. He serves PEI with more than 30 years of industry experience. His consulting responsibilities include working with corporate 401(k) and pension plans, Taft-Hartley pension and annuity funds, hospitals and not-for-profit organizations. Michael works with his clients in the areas of reviewing their investment policies and strategies, analyzing portfolios with respect to rates of return and risk, asset liability matching and asset allocation studies. Michael also serves as the partner responsible for the oversight of the firm’s investment management research department and retirement plans consulting group.
Michael works extensively with trustees in the area of portfolio management and fiduciary compliance. Prior to co-founding PEI, Michael worked as an Investment Executive and Retirement Plan Analyst at PaineWebber in New York and Princeton, New Jersey. He was responsible for establishing new plans and monitoring existing plans for ERISA regulatory compliance.
In 2010 Michael was appointed by the U.S. Secretary of Labor, Ms. Hilda Solis, to serve on the ERISA Advisory Council in Washington, DC. He served a three-year term ending in 2012 as a representative of the investment consulting industry. The ERISA Advisory Council focuses on issues important to the administration of ERISA, handling three to four topics each year. The Council defines the issues to investigate, takes testimony from witnesses, and submits a report of findings and recommendations to the Secretary of Labor.
Michael is also a member of the Plan Sponsor Council of America (PSCA) Board of Directors and is on the Investment Committee. Established in 1947, PSCA is a national, non-profit trade association of 1,200 companies and over six million plan participants that provides its members with programs and services to help them better manage their retirement plans. PSCA represents its members’ interests to federal policymakers and offers practical, cost-effective assistance with profit sharing, 401(k) and 403(b) plan design, administration, investment, compliance, and communication. Since its founding, PSCA has been at the forefront of protecting America’s retirement system.
Michael has written articles and spoken at national seminars on numerous topics relating to investment portfolio performance, retirement industry trends and fiduciary compliance. Michael also serves as a member of the United States Fund for UNICEF Fund Raising Committee, supporting UNICEF’s efforts through fundraising, advocacy and education.
Michael received a BS in Business Administration from Montclair State University.