Biography
Jared Cutler
Founder & Chief Executive | Five Factor Capital Advisors
Jared Cutler is the founder and chief executive officer of Five Factor Capital Advisors. He is a seasoned fee-only, independent financial planner and investment advisor focused on helping individual investors and their families realize their financial goals. Jared works with clients to build efficient portfolios based on the principles of Modern Portfolio Theory that overlay their financial goals with the science of capital markets.
Jared brings the scientific expertise gained through a thirteen-year career in finance and wealth management. He began as a financial advisor for Merrill Lynch’s Global Private Client Group. As his career progressed, he began to realize that his belief in low-cost disciplined investing was at odds with the traditional brokerage model that enabled speculation, not investing. In 2008, Jared accepted an offer to become Head of Investments and Wealth Management at Conrad Capital, an independent boutique investment advisory firm. At Conrad Capital, Jared was instrumental in implementing a disciplined wealth management solution grounded in decades of academic research that simplified the investment process for clients.
Determined to build a firm from the ground up that put the interests of its clients above all else, while practicing financial planning and investment management with integrity and ethics, Jared founded Five Factor Capital Advisors in 2012. Throughout his career Jared has become a trusted advisor to a diverse group of individuals and families, including business executives, physicians, attorneys, engineers, and many others. His clients are located in the tri-state area and across the United States.
Mr. Cutler holds a B.A. in Business Administration with dual concentration in Finance and Management from the University of Arizona. He resides in Westchester County, New York with his wife Carly and young son Benjamin.
Investment Committee
Harry M. Markowitz, PhD
Harry M. Markowitz is best known for winning the Nobel Prize in Economic Sciences in 1990 for his work on portfolio selection. In his distinguished career, Dr. Markowitz has served in various academic posts at many universities, including Baruch College, London School of Economics, London Business School, University of Tokyo, Rutgers University, Hebrew University, the Wharton School and UCLA. He is also a board member (and former president) of the American Finance Association and was a fellow of the Econometric Society.
Recognized as the founder of Modern Portfolio Theory and one of the nation’s best known minds in finance, Dr. Markowitz is a professor of finance in the Rady School of Management at UC San Diego. He is also president of the Harry Markowitz Company and has also worked for companies such as IBM and the Rand Corporation.
He received his Ph.D. in Economics from the University of Chicago.
Meir Statman, PhD
Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University. His research focuses on behavioral finance, including how investors and managers make financial decisions and how these decisions are reflected in financial markets. His research has been published in The Journal of Finance, The Journal of Financial Economics, Financial Analysts Journal, and The Journal of Financial and Quantitative Analysis, among others.
Dr. Statman’s research has been supported by the National Science Foundation, the Research Foundation of the CFA® Institute, and the Investment Management Consultants Association (IMCA). Dr. Statman is a recipient of a Batterymarch Fellowship, a William F. Sharpe Best Paper Award, a Bernstein Fabozzi/Jacobs Levy Outstanding Article Award, a Davis Ethics Award, a Moskowitz Prize for best paper on socially responsible investing, two Baker IMCA Journal Awards, and two Graham and Dodd Awards of Excellence.
Dr. Statman received his Ph.D. from Columbia University and his Bachelor’s Degree and M.B.A. from the Hebrew University of Jerusalem.
Joni L. Clark, CFA®, CFP®
Chief Investment Strategist Loring Ward
Joni L. Clark has advised clients on all aspects of investment strategy and portfolio risk management for two decades. Her clients have included affluent individuals and families, investment management organizations and large institutional pension funds.
As Chief Investment Strategist of Loring Ward, she directs investment policy and portfolio management strategies for the company. She also chairs the company’s Investment Committee.
Prior to joining Loring Ward in 2002, Clark held senior positions with some the country’s most respected financial services firms. She began her career at Merrill Lynch PFS® (1989-1991). She then worked as Vice President of Wilshire Associates (1991-1998), consulting for large public and corporate defined benefit plans, foundations and endowments and institutional investment management firms. She also was a Managing Director at Legg Mason Institutional Advisors (1998-2000), overseeing client service for institutional client relationships. And she was a Senior Investment Consultant and Portfolio Manager at Enright Financial Consultants (2000-2002), a boutique investment management firm serving affluent individuals and families.
Clark received a Bachelor of Science degree in Finance in 1988, a Chartered Financial Analyst (CFA®) designation in 1994, and became a Certified Financial Planner (CFP®) in 2004. She is a member of the CFA® Institute, the Los Angeles Society of Financial Analysts, and the Financial Planning Association.
Matthew J. Carvalho, CFA®, CFP®
Director, Investment Research, Loring Ward
Matthew J. Carvalho has worked in the financial services industry for nearly a decade, including institutional money management, retail brokerage and wealth management.
As a Director of Investment Research at Loring Ward, he communicates the firm’s investment philosophy directly to Advisors and conducts research and performance verification for the firm.
Prior to joining Loring Ward, he held senior positions with several leading financial services firms. He began his career at E*Trade Financial (2003-2004)specializing in retirement accounts and options trading; Treasury Analyst, Assistant Vice President at Bank of the West (2004-2008), working on the portfolio team managing the Bank’s internal portfolio of fixed income and derivative investments; Portfolio Specialist, Bellatore Financial (2008-2009), providing customized portfolio creation and research and high-net worth client solutions.
Carvalho received his Bachelor of Science degree in Finance from the University of the Pacific. He also earned his Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) designations. He is a member of the CFA® Institute and the CFA® Society of San Francisco.
