Tag: Devon Francis

Episode 72 – The New And Important Role Bonds Can Play in Your Portfolio – Including Endowments, with Wesly Pate

Episode 72 – The New And Important Role Bonds Can Play in Your Portfolio – Including Endowments, with Wesly Pate

Fixed-income markets have changed dramatically.

As bonds garner growing interest from investors (including endowments and foundations), it boils down to fit, and is it possible to achieve your portfolio return target with less risk?

Learn more about the role of fixed income in a portfolio with Bob DiMeo, Devon Francis, and guest Wesly Pate, CFA®, Senior Portfolio Manager at Income Research + Management (IR+M). They talk about portfolio diversification, credit risk, liquidity, inflation, private credit, and much more.

You’ll discover:

  • Higher real return expectations from fixed-income 
  • The significance of liquidity and high-quality fixed income in your portfolio 
  • Fixed income as a hedge against uncertainty and adverse scenarios
  • Credit risk considerations and opportunities for yield without compromising quality
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Wesly Pate | Income Research + Management | Fiducient Advisors 2024 Outlook – Prepare Not Predict | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Wesly joined IR+M in January 2011 and was named Senior Portfolio Manager in 2022. In his role as a Senior Portfolio Manager, Wesly is focused on portfolio construction, sector analysis, and contributing to the investment decision-making process, specifically for private clients and taxable institutional portfolios. Prior to joining IR+M, Wesly was an Equity Analyst at Eastern Investment Advisors.

Wesly has a BBA in Finance from Georgia State University, an MBA in Finance from the Boston University School of Management, and an MS in Accounting from the University of Massachusetts Amherst Isenberg School of Management.

Episode 71 – Quarterly Quick Take: Market Updates and International Diversification with Brad Long

Episode 71 – Quarterly Quick Take: Market Updates and International Diversification with Brad Long

With a surprisingly strong quarter in the books, it’s time to uncover the latest updates on the markets and the economy, and how they may impact your portfolio, endowment, or foundation.

Join the insightful conversation between Bob DiMeo, Devon Francis, and returning guest Brad Long, CFA®, Chief Investment Officer at Fiducient Advisors. They talk about year-to-date results, the complex reality of inflation’s “messy middle,” and what to potentially expect going forward.

You’ll discover:

  • How Fiducient’s three main themes for 2024 have played out so far
  • The importance of global diversification (despite the recent domination of US equities)
  • The role of growth versus value investing styles in a well-rounded portfolio 
  • The cyclical nature of various economic and market forces
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Brad Long | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

Episode 70 – The Future of AI: Trends, Opportunities, Risks, and More! with Altan Wuliji

Episode 70 – The Future of AI: Trends, Opportunities, Risks, and More! with Altan Wuliji

Artificial intelligence (AI) drove markets last year and continues to dominate the news today.

But what does it mean for the investments you oversee?

Learn about the transformative potential of AI on your portfolio in this episode with Bob DiMeo, Devon Francis, and guest Altan Wuliji, CFP®, principal and senior consultant at Fiducient Advisors. They explore how AI is reshaping traditional industries, impacting portfolio construction, and enabling operational efficiencies for organizations.

You’ll discover:

  • How you’re likely already invested in AI (even if you don’t know it)
  • AI applications in fundraising, mission impact, and evaluation
  • The risks and benefits of integrating AI into investment strategies and portfolio construction
  • Notable AI trends in 2024 and beyond
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Altan Wuliji | Cultural Institutions’ Investment Policies, Practices and Performance | Association Reserves: Policies, Practice and Performance | Peer Benchmarking Using the 2021 NACUBO-TIAA Study of Endowments | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Altan provides investment consulting services to financial institutions, nonprofit organizations, and private investors. He services clients by providing advice and expertise on asset allocation, portfolio design, investment policy statements, manager search process, and overall investment management.

Prior to joining the firm in 2014, Altan was a Senior Planner at Balasa Dinverno Foltz and an Analyst at RegentAtlantic Capital. Altan earned a Bachelor of Science in Financial Planning from the University of Illinois and a Master of Science in Personal Financial Planning from Texas Tech University. Altan was awarded the prestigious Gates Millennium Scholarship through the Bill and Melinda Gates Foundation, as well as the President’s Congressional Scholarship which provided the opportunity to serve within the United States House of Representatives in Washington, D.C. Altan achieved the Certified Financial Planner® designation in 2012 and is a Level II CFA Candidate in the CFA Program. He was a member of the Midtown Auxiliary Board and enjoys competing in triathlons.

Episode 69 – Show Me The Results: A Practical Guide to Program Evaluation with Chari Smith

Episode 69 – Show Me The Results: A Practical Guide to Program Evaluation with Chari Smith

Nonprofit organizations, and their donors, have become increasingly vigilant about measuring success and effectiveness.

This new dynamic can significantly impact the type of resources a nonprofit attracts!

In this episode, Bob DiMeo and Devon Francis speak with Chari Smith, founder of Evaluation Into Action and author of Nonprofit Program Evaluation Made Simple. They tackle the pressing issue of program evaluation and its role in demonstrating impact and making data-driven decisions.

You’ll discover:

  • The need to look beyond numbers and articulate tangible impact
  • How program evaluation can benefit fundraising and capital campaigns
  • Practical guidance to get started (if you’re new to program evaluation)
  • Real-life examples of organizations benefiting from program evaluation
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Chari Smith | Evaluation Into Action | “Nonprofit Program Evaluation Made Simple” by Chari Smith | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Chari Smith believes evaluation should be accessible, practical, and usable. She founded Evaluation into Action to help nonprofit professionals create realistic and meaningful program evaluation processes. She has taught several workshops helping nonprofit professionals understand the value and use of program evaluation.

Chari is the 2023 President-Elect with the Oregon Program Evaluators Network (OPEN). She is a proud member of the American Evaluation Association (AEA) and the International Society of Evaluation Education (ISEE). She is also an adjunct faculty member for the University of Portland’s Pamplin School of Business Nonprofit MBA program. Her book Nonprofit Program Evaluation Made Simple: Get Your Data. Show Your Impact. Improve Your Programs. provides step-by-step instructions on how to do program evaluation.

Episode 68 – Quarterly Quick Take: Prepare for 2024 and Beyond with Brad Long

Episode 68 – Quarterly Quick Take: Prepare for 2024 and Beyond with Brad Long

In a landscape marked by unpredictability and complex market dynamics, investors need to understand the key driving factors and how they may impact portfolio construction.

Tune in as Bob DiMeo and Devon Francis join Brad Long, CFA®, Chief Investment Officer at Fiducient Advisors, to dissect the pivotal themes that shaped 2023 and offer a forward-looking perspective into 2024 and beyond.

You’ll discover:

  • Three Themes expected to impact investors in 2024
  • Strategic considerations for investors in light of the current interest rate environment
  • The importance of thoughtful diversification (including private sectors, small-cap, and international markets)
  • Insights on the “Magnificent 7” stocks and concentrated market leadership (risk)
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Brad Long | 2024 Outlook – Prepare not Predict | Other Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Brad joined Fiducient Advisors in 2012. As Fiducient Advisors’ Chief Investment Officer, Brad leads the firm’s investment strategy and research efforts. He is chair of the firm’s Investment Committee and a member of the firm’s Discretionary Committee, Research Forum, Capital Markets Team, and Mission-Aligned Investing Committee.

Prior to joining the firm, Brad worked in various research capacities at Citigroup and Wells Fargo in New York. He received a BA in Finance and Minor in Economics from The University of Colorado and is a CFA® charterholder and member of the CFA Society of Chicago and CFA Institute. Additionally, he is active with Greenhouse Scholars, a nonprofit providing financial and personal support to under-resourced college students. In his free time, Brad loves cooking and spending time with his wife and young sons.

Episode 67 – Improving Performance and Profitability for Healthcare Organizations with Kate Guelich

Episode 67 – Improving Performance and Profitability for Healthcare Organizations with Kate Guelich

Many hospitals and healthcare organizations continue to face financial instability and margin pressures that have been exacerbated by the lingering effects of the pandemic. 

Join Bob DiMeo and Devon Francis as they meet with Kate Guelich, CEO of Kaufman Hall, a renowned management consulting firm specializing in healthcare. They explore strategies to tackle the multifaceted challenges by enhancing performance, efficiency, and cost structures.

You’ll discover:

  • The need for hospital systems to understand cost structure, manage operations, and adapt to consumer preferences
  • The dispersion between large, urban systems and smaller, more rural systems
  • Key trends from Kaufman Hall’s 2023 research reports
  • Kate’s suggestions to healthcare leaders (and other nonprofits) to thrive going forward
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Kate Guelich | Kaufman Hall on LinkedIn | Kaufman Hall Website | National Hospital Flash Report | 2023 State of Healthcare Performance Improvement Report | Other Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Kate Guelich is a Managing Director and Chief Executive Officer with Kaufman Hall. She is responsible for guiding Kaufman Hall on its strategic growth trajectory, with a keen focus on delivering industry-leading services and solutions to ensure the continued success of the company’s clients and delivering a high level of customer service. Before being named CEO, Kate served as Managing Director and President of Management Consulting for Kaufman Hall. She is also a member of Kaufman Hall’s Board of Directors. Kate, who has expertly advised senior healthcare leaders for more than 20 years on a wide range of topics, previously served as managing director of Kaufman Hall’s Strategic Financial Planning practice. Throughout her tenure with Kaufman Hall, Kate has also played a leading role in the firm’s Women in Healthcare Leadership efforts.

Kate has authored numerous publications on key healthcare topics and regularly speaks to leading national healthcare industry groups. Before joining Kaufman Hall, Kate was a Senior Consultant with Cap Gemini Ernst & Young’s Healthcare Strategy and Transformation group. Kate holds an MBA from the University of Chicago.

Episode 66 – From Overwhelmed to Empowered: How to Navigate ESG and Mission-Aligned Investing with Sarah Hinman

Episode 66 – From Overwhelmed to Empowered: How to Navigate ESG and Mission-Aligned Investing with Sarah Hinman

Do you intend to incorporate ESG investing into your portfolio but don’t know where to start?

As reporting standards, disclosure requirements, and available data continue to evolve, it can be overwhelming for investors to navigate this ever-changing landscape!

In this episode, Bob DiMeo and Devon Francis speak with Sarah Hinman, CPA/PFS, CFP®, CSRIC®, Senior Consultant at Fiducient Advisors and co-chair of the firm’s Mission-Aligned Investing Committee. They explore the current landscape of ESG and Mission Aligned Investing (MAI).

You’ll discover:

  • How nonprofits and investors can incorporate Mission-Aligned and ESG investing 
  • Why MAI and ESG investing are never an all-or-nothing approach
  • The first step for nonprofits to get started with MAI — honing in on their values
  • What the future of ESG investing looks like
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Sarah Hinman | Fiducient’s Guide to Mission-Aligned Investing | Mission-Aligned Investing: Where Are We and Where to Next? | From $400 Million to $15 Billion: Scott Malpass’ Journey Leading Notre Dame’s Endowment and Other Lessons for Leaders | Other Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Sarah provides investment consulting services to nonprofit organizations, corporate executives, family trusts, and other substantial investors. She services clients by providing advice and expertise on asset allocation, portfolio design, investment policy statements, manager search process, and overall investment management. Sarah co-chairs the firm’s Mission-Aligned Investing Committee.

Sarah earned a BS in Accounting from the University of Illinois at Urbana-Champaign and a BA in Fashion Marketing and Management from The Illinois Institute of Art in Chicago. Sarah also earned a Master of Accounting Science from the University of Illinois at Urbana-Champaign. She is a Certified Public Accountant (CPA), a Personal Financial Specialist (PFS), a Certified Financial Planner (CFP®), and a Chartered SRI Counselor™ (CSRIC®). Sarah also passed the CFA Level I exam. In her free time, Sarah enjoys cooking and reading.

Episode 65 – From $400 Million to $15 Billion: Scott Malpass’ Journey Leading Notre Dame’s Endowment & Other Lessons For Leaders

Episode 65 – From $400 Million to $15 Billion: Scott Malpass’ Journey Leading Notre Dame’s Endowment & Other Lessons For Leaders

Under Scott Malpass’ leadership, the University of Notre Dame’s endowment fund grew from $400 million in 1988 to nearly $15 billion by 2020, ranking among the top 1% of endowments globally!

Post Notre Dame, Scott co-founded Grafton Street Partners and he remains passionate regarding his founder role with Catholic Investment Services.

In this episode, Bob DiMeo and Devon Francis interview Scott, tapping into his investment experience, governance best practices, and his advice for today’s endowment managers.

You’ll discover:

  • Scott’s journey to becoming the Chief Investment Officer at the University of Notre Dame
  • Why responsible investing does not necessitate sacrificing returns
  • Scott’s views on the blurring lines between ESG investing and socially responsible investing
  • Noteworthy trends that may excite (or concern) today’s investors
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Scott Malpass | Grafton Street Partners | University of Notre Dame | Insights by Fiducient Advisors (Research, Blogs, Podcasts)

About Our Guest:

Scott C. Malpass is the former Vice President and Chief Investment Officer of the University of Notre Dame, where he currently serves as an Adjunct Professor of Finance at the University’s Mendoza College of Business. Under Malpass’s leadership, the Notre Dame endowment pool grew from $400 million in 1988 to more than $14 billion as of June 30, 2020. Over Malpass’s 32 years of leadership, the Notre Dame Endowment achieved investment performance ranking amongst the very top of endowments globally, transforming opportunities at the University in all aspects of academic and student life. He is currently a member of the Board of Directors of The Vanguard Group, Inc., Paxos Trust Company, LLC, and Catholic Investment Services, Inc. He is also a member of the Board of Superintendence of the Institute for the Works of Religion in Vatican City, commonly referred to as the Vatican Bank. Malpass is a 1984 graduate of Notre Dame and received a Master of Business Administration degree from the University in 1986.

Episode 64 – Quarterly Quick Takes: Market Updates and Year-End Considerations with Brad Long

Episode 64 – Quarterly Quick Takes: Market Updates and Year-End Considerations with Brad Long

How have markets impacted your endowment or foundation… and what strategies should you be considering right now? It’s time to review this year from a stewardship perspective and consider what strategies to employ heading into 2024.

In this Quarterly Quick Takes, Bob DiMeo and Devon Francis are back with Brad Long, CFA®, Chief Investment Officer at Fiducient Advisors. They share meaningful insights on navigating the uncertainty of markets and the economy going forward.

You’ll discover:

  • The potential impact of market fluctuations and a looming recession 
  • The importance of fortifying controllable factors, such as expenses and committee best practices
  • How Fiducient’s 2023 forecasts played out thus far – and what to expect going forward
  • Is now as important as ever for your portfolio to be thoughtfully diversified? 
  • Domestic vs. International, Cash vs. Bonds, etc.
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Brad Long | Insights by Fiducient Advisors (Research, Blogs, Podcasts) | How Nonprofit Leaders Can Think Long-Term To Better Manage Your Money And Your Organization With David Nierenberg

About Our Guest:

Brad joined Fiducient Advisors in 2012. He is chair of the firm’s Investment Committee and a member of the firm’s Discretionary Committee, Research Forum, Capital Markets Team, and Mission-Aligned Investing Committee. Before joining the firm, Brad worked in various research capacities at Citigroup and Wells Fargo in New York. He received a BA in Finance and a Minor in Economics from The University of Colorado and is a CFA® charter holder and member of the CFA Society of Chicago and CFA Institute. Additionally, he is active with Greenhouse Scholars, a nonprofit providing financial and personal support to under-resourced college students. In his free time, Brad loves cooking and spending time with his wife and young sons in his free time.

Episode 63 – Get to Know Fiducient Advisors’ New CEO Sabrina Bailey

Episode 63 – Get to Know Fiducient Advisors’ New CEO Sabrina Bailey

On July 31st, 2023, a new and exciting chapter began for Fiducient Advisors. With great pleasure, we introduce you to Fiducient Advisors’ new CEO Sabrina Bailey!

With a proven track record of astute financial stewardship and a penchant for strategic brilliance, Sabrina brings a wealth of experience that promises to steer Fiducient toward even greater heights.

In this episode, Bob DiMeo and Devon Francis announce Bob’s transition to the role of chairman at Fiducient Advisors while introducing Sabrina Bailey as the new CEO. Sabrina sheds light on her professional experience, leadership style, future goals, personal hobbies, and more.

You’ll discover:

  • What this leadership transition means for Fiducient Advisors and its clients
  • Sabrina’s past experiences at the London Stock Exchange Group, Northern Trust, and other esteemed institutions
  • Top priorities for Sabrina and how she plans to foster collaboration and innovation
  • What Sabrina likes to do outside of work
  • And more!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Sabrina Bailey | Insights by Fiducient Advisors (Research, Blogs, Podcasts) | “Why Greatness Cannot Be Planned: The Myth of the Objective” by  Kenneth O. Stanley and Joel Lehman

About Our Guest:

In her role as CEO, Sabrina is responsible for leading the firm’s strategic vision and direction to help our clients prosper. Sabrina has decades of leadership experience within the investment consulting and financial services divisions of Mercer International, Willis Towers Watson, Northern Trust and the London Stock Exchange Group, plc (LSEG). Sabrina holds an MBA in organizational leadership. Beyond her professional achievements, Sabrina is committed to giving back to the community. She is an Advisory Board Member for Salvation Army Chicago-Metro and the Co-Founder and President of Grow For Hope, a nonprofit focused on empowering women through employment and education.