The importance of asset allocation as well as non-investment considerations Gift annuity reserves can be invested in a variety of different manners based on the specific needs of the organization The setting of an investment policy should start with an understanding of the basics of a gift annuity There are also many non-investment variables that
David is responsible for developing customized investment portfolios for his clients based on their unique parameters for risk, return, liquidity, and other factors. After taking the time to listen to his client’s objectives and to understand any tax, legal, and personal considerations, David then structures a well-diversified portfolio in keeping with each client’s asset allocation program. David continually monitors and periodically rebalances his clients’ portfolios to meet their evolving needs and to take advantage of new investment opportunities.
Prior to joining Wilmington Trust, David was a vice president with State Street Global Advisors and a senior portfolio manager in the firm’s Investment Solutions Group. He was responsible for developing and implementing tactical and strategic multi asset class solutions for institutional clients. David was the investment team leader for the portfolio management team dedicated to SSGA’s Charitable Asset Management (CAM), where he was responsible for setting asset allocation strategy and managing charitable gift portfolios for all CAM clients. Prior to joining State Street in 1999, David worked for Salomon Smith Barney’s Private Client Group.
David holds a master’s degree in Finance from Northeastern University and a bachelor’s degree in Economics from the University of North Carolina at Chapel Hill. He holds the Chartered Financial AnalystTM designation and is a member of the Boston Security Analysts Society, as well as the CFA Institute. David is also a Board member of the American Council on Gift Annuities.