About the Author

Patrick Cassidy, CFA, CTFA

Vice President and Director of Investment Oversight

Patrick has investment oversight responsibility for Wealth Management’s 60 investment advisors, ensuring that client portfolios are aligned with their investment policies and as well as the firm’s best investment thinking. He has responsibility for all Wealth Management investment-related procedures including oversight of the Reg-9 Investment Review process.
 
He is the chair of the Investment Oversight Committee, serves on the Best Execution Committee and past co-chair of the Unique Asset Committee. He has served on many prior bank committees including Wealth Management Committee. He works collaboratively with business partners in Risk, Legal and Compliance to ensure an effective risk management process.
 
Patrick has considerable tenure in the investment management profession, specializing in portfolio management. Prior to joining Wilmington Trust in 2002 as a vice president and senior portfolio manager, he served as a portfolio manager for PNC Advisors. Earlier in his career, he was an investment advisor with a money management firm and also spent 10 years trading equity options on the floor of the Philadelphia Stock Exchange.
 
Patrick holds a master’s degree in finance from the Fox School of Business at Temple University and earned his bachelor’s degree in finance from Drexel University. He is a CFA charterholder and a member of the CFA Institute, the CFA Society Philadelphia, and the Philadelphia Estate Planning Council. He also holds the Certified Trust and Financial Advisor certification.

Patrick is active in his church and with youth community sports programs and has volunteered with The Salvation Army.


By the Author

Financial Derivatives: Understanding Calls and Puts

Patrick Cassidy, CFA, CTFA |
Investment Management

Learn about the pros and cons of using options as part of your investment strategy.Options offer an opportunity to take advantage of market moves, both up and down.They also offer the possibility of increased rates of return and a predetermined limit to the amount of potential loss.While options are sometimes used to hedge or reduce risk, they can be an aggressive investment and may not be appropriate for every individual.

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