Equities: Can You Afford Them? w/ John Daly

The equity markets, large and small, domestic and international, have fallen more than 50% not once, but twice, within the last decade. Can a fiduciary or a responsible investor reasonably expose their portfolios to such downside risk? John will discuss this question and the options available to investors." He will be discussing this from the viewpoint of his position as Chairman of the Investment Committee of the Culinary Institute of America and talking about what he and his commiittee have done in response to the market volatility. About Our Guest John Daly is President of IMMS LLC, a third-party investment management marketing firm which he founded in 2007. He has over 50 years of experience in the Financial Services industry, beginning with 23 years at E.F.Hutton, where he ran the Syndicate Department, the Commodities Division and the Asset Management Division. Following Hutton, he went to Salomon Brothers, both in New York and London, where he headed the Private Client Division and International Equity Capital Markets. In 1990, Mr. Daly joined Richard Schilffarth and Associates, a firm that taught Investment Consulting to regional brokerage firms and their individual Financial Advisors and in 1993 joined Spears Benzak, Salomon & Farrell to run the Managed Account Marketing effort. In 1999, he moved to Trainer, Wortham & Co. to begin and run a Managed Accounts effort and followed that by joining Prudential Investments as the Senior Managed Accounts Specialist from 2002 to 2005. Mr. Daly was graduated from Yale University and completed the Harvard Business School Advanced Management Program in 1979. He is a Trustee Emeritus of the Culinary Institute of America and served as Board Treasurer and Chairman of the Finance Committee from 1994 – 2003 and has been Chairman of the Investment Committee of the Institute for the past 20 years.