ValueWalk's Raul Panganiban interviews Mark Diorio, CFA, CIO at Brookstone Capital Management.
Q4 2019 hedge fund letters, conferences and more
Interview with Brookstone Capital Management's Mark DiOrio
Transcript
Hello podcast listeners. Today is a very special episode with Mark DiOrio, CFA. He is the Chief Investment Officer at Brookstone Capital Management. He started back in 2015 and leads the firm's investment committee and drives the investment framework portfolio construction and methodology. Mark is an experienced investor with nearly 20 years of experience. He received his MBA from Benedictine University, and his BA from Eastern Illinois University. In today's episode, we discuss his overall investment approach and why ETFs have exploded in popularity. I want to welcome mark to the show, and I want to welcome our listeners to a very special episode.
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Welcome to ValueTalk with Raul.
Just wanted to welcome our listeners to a very special episode I have Mark DiOrio CIO of Brookstone, Capital Management. And Mark, welcome to the show.
Great, thanks for having me.
All right. Yeah, if we can just begin with your background, and what led you to finance and investing?
Sure. Well, I went to get my MBA. And from there, I got a job as in where you start in investments, which is investment research. And then after a couple of years, figured out that if I want to be on the manage money side, or the buy side, really I wanted to move over and pursue my Chartered Financial Analysts or the CFA designation. So I went into that programme, and that that gets you recognise, usually within a firm and then I went over and went to the portfolio management side and went up the ladder from there. Join me Investment Committee where we set investment policy for a couple of companies that were combined companies, but their trust companies at the time, as well as a registered investment advisor. And this is going back to the mid 2000s, where we launched a global tactical asset allocation strategy implemented with ETFs. So it was fairly innovative at the time. And although it's not talked about now, back then that was actually somewhat of a popular strategy, getting more global exposure, maybe being a little bit more active with the asset allocation. And then from there, we had some success through the financial crisis. And we were able to launch a new boutique Investment Management subsidiary of a publicly traded regional bank holding company. Whereas the Chief Investment Officer for about five years before coming over to Brookstone Capital Management about five years ago as the Chief Investment Officer, but I would say two things Probably shaped or defined my career over the last 20 years. And these are major events, I guess, are major trends as the market is played out, which is one ETFs, exchange traded funds, and as those have grown, and being able to implement those from a portfolio context, and then also a number of crisis events that have occurred, really since 2000. Having multiple different experiences, managing money through that those events and also dealing with clients through that time.
Yeah, definitely. Yeah. And before we talk about those who just tell me about Brookstone, and what's your overall objectives in the firm?
Sure, Brookstone Capital Management is a registered investment advisor and we supervise and manage over $3 billion presently, and really, we're an investment or a turnkey investment platform. So I think the common name now is turnkey asset management platform or tamp. What separates with us a little bit is we're just not the operational or behind the scenes, we actually work actively with independent Investment Advisors. So really, we're an extension of their practice. So if they're out in the field, they can do what they do best in terms of gathering assets, explaining some of the investment concepts and helping them find the appropriate portfolio. But we also fill them with collateral material. And really our three guiding principles is to provide strategy leadership and enhance opportunity set and also collaboration. So we'll collaborate on either different individual cases, or overall, just be a sounding board and trying to find solutions for clients.
