Smart Beta Due Diligence, Robo Advisors June 20 2017 NYC QWAFAFEW

QWAFAFEW 20170620_Meredith_OSAM

QWAFAFEW 20170620_Betterment

QWAFAFEW 20170620 Northfield


Tuesday, June 20th, 2017


“Opportunities and Challenges Facing the Robo-Advisor Industry”


Adam Grealish, Quantitative Analyst, Betterment

Dan diBartolomeo, President, Northfield Information Services

David Edwards, President & Wealth Advisor, Heron Wealth

Kevin R. Kelly, Chief Investment Officer, Portfolio Manager, Recon Capital Partners  


Jesse J Noel, MS, CFA, Vice President, USBFS

“They Can’t All Be That Smart: A Due Diligence Framework for Factor Investing Strategies” 

Christopher Meredith, CFA, Director of Research, O’Shaughnessy Asset Management, LLC



5:30- 6:10 Registration, Networking, and Refreshments

6:10 – 6:15 Chapter Business – Mike Carty, Chapter President

6:15 – 6:55  “The Robo-Advisor Industry: Facing Opportunities and Challenges”

– Current robo-advisor clients and the primary areas for expansion
– Are RoboAdvisors too impersonal, uncomfortable or inflexible for many retirement investors?
– Methods, algorithms, and ongoing research to derive the best mix for each customer at asset allocation and fund selection levels
– New frontiers for Robo-advisor technology

Panelists:   Adam Grealish, Quantitative Analyst at Betterment, Betterment 

 Dan diBartolomeo, President, Northfield Information Services

 David Edwards, President & Wealth Advisor, Heron Wealth

                    Kevin R. Kelly, Chief Investment Officer, Portfolio Manager, Recon Capital Partners  

To see work Dan diBartolomeo has done on the Robo-Advisor area:

Moderator: Jesse J Noel, MS, CFA

6:55 – 7:10     Refreshment and Networking Break

7:10 – 7:55       “They Can’t All Be That Smart: A Due Diligence Framework for Factor Investing Strategies” Christopher Meredith, CFA, Director of Research, O’Shaughnessy Asset Management, LLC

With a growing number of factor investing products, it can be harder to discern the competitive advantages of each. Chris Meredith, Director of Research at O’Shaughnessy Asset Management, is presenting classifications of different portfolio construction methodologies, as well as methods for determining the alignment between factors, portfolios and fees.

8:15 Adjournment


Venue:  Bourbon Street Bar and Grill, 346 W 46th Street, between 8th and 9th Avenues, New York, NY 10036    accessible 42nd Street, Port Authority (A, C, E lines)

RSVP to In text body, please provide the name, phone number, email, and membership/affiliation status for each attendee.
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or bring Check or Cash to the door on the night of the event after you RSVP.
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$40 for CQA members, SQA members, CQFs, CAIAs, CTHFAs, and sustaining (paid) PRMIA members, full-time students, those between positions, FWA members, IAFE, MTA members and members of any CFA Society;
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Unless paid through PayPal, $10 late-fee applies to those not RSVP’d by Noon of the day of the event.

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Student membership available for $60 (first meeting is free) or Transitional membership available for $80 (1st meeting free) Paypal Link:



 Adam Grealish, Quantitative Analyst, Betterment 

Adam joined Betterment after founding Roletroll, a natural language processing startup. Prior to joining Betterment, Adam was a vice president at Goldman Sachs, where he traded macro credit products. Adam holds an honors degree in economics from University of Chicago.



     Dan diBartolomeo, President, Northfield Information Services

Dan is President and Founder of Northfield Information Services, Inc. Based in Boston since 1986, Northfield develops quantitative models of financial markets. The firm’s clients include nearly three hundred financial institutions in twenty countries. Dan is a Visiting Professor at the CARISMA research center of Brunel University in London. In addition, he serves on the Board of Directors of the Chicago Quantitative Alliance and the advisory board of the International Association of Financial Engineers. He is also an active member of the Financial Management Association, and “QWAFAFEW”. He has been admitted as an expert witness in US federal courts for litigation matters regarding investment management practices and derivatives.

Mr. diBartolomeo is a director of the American Computer Foundation, and formerly served on the industry liaison committee of the Department of Statistics and Actuarial Sciences at New Jersey Institute of Technology. He continues his several years of service as a judge in the Moscowitz Prize competition, given by the University of California at Berkeley for excellence in academic research on socially responsible investing.

Dan has a long list of more than thirty publications including books, book chapters and research papers in professional journals such as Financial Analyst Journal, Quantitative Finance and Journal of Investing. Mr. diBartolomeo has also written extensively for the CFA Research Foundation. His most recent publication is “Risk Management for Public Pension Funds: Still Trying to Not Waste the Crisis” (with John Minahan) which was published in Investments and Wealth Monitor, in September 2014.


           David Edwards, President & Wealth Advisor, Heron Wealth

David Edwards is president and founder of Heron Wealth, which provides financial advice, investment management and estate planning to individuals and families across the United States and in Europe.
David graduated from Hamilton College, with a BA in History and Mathematics, and holds an MBA in General Management from Darden Graduate School of Business at the University of Virginia.

David contributed over 100 columns to David is quoted frequently in Bloomberg, Wall Street Journal, Reuters, InvestmentNews, Money, Financial Planning and many other financial news sources. David Edwards is also a member of the New York Society of Security Analysts and the Investment Adviser Association. Prior to founding Heron Financial, Edwards was associated with Morgan Stanley, JP Morgan and Nomura Securities developing investment products and quantitative trading models.

David is an avid sailor who competes in regattas annually from New England to the Caribbean and coaches a home town team in New York Harbor.


       Kevin R. Kelly, Chief Investment Officer, Portfolio Manager, Recon Capital Partners  

Mr. Kelly is the Founder & Chief Investment Officer of Recon Capital Partners and is the former Managing Director of Horizons ETFs. He served as Portfolio Manager for several of Horizons ETFs USA listed products, part of Mirea Asset Global Investments, with global ETF AUM was over $14 billion across 222 ETFs in 6 countries.

Kevin R. Kelly’s responsibilities include:

Development and implementation of equity and option investment strategies establishing firm investment policy for portfolio construction including the determination of absolute and relative valuations.

Responsible for the integration of both global macro and market valuation into a well-defined investment view, rationale, strategy and portfolio construction applied across a diverse client base and communicated internally to investment professionals at the firm and externally to clients.

Responsible for managing the investment and research process developing, and articulating the firm’s market and investment strategy. This includes articulating investment strategy and thought leadership providing policy guidance and direction for portfolio managers.

Conduct research, assess information, establish views on equities broadly and on sector, industry and securities specifically to determine appropriate actions to take to achieve strong risk-adjusted investment results.

Provide thorough analysis of global central bank policies and the implications for capital markets. Identify the specific portfolio characteristics that reflect policy decisions from a risk/return perspective.

Kevin Kelly previously worked for Goldman Sachs in the investment management division and Deutsche Bank’s debt capital markets group. Mr. Kelly’s thought leadership on equity markets and strategy can be found weekly on Mornings with Maria on Fox Business and Options Insight on Bloomberg TV. His thought leadership can also be found throughout media outlets including Wall Street Journal, Reuters, CNBC, Cheddar, the New York Times, and Barron’s frequently.

Mr. Kelly received a Bachelor of Science Degree in Finance, Summa Cum Laude, from the W.P. Carey School of Business and the Barrett Honors College at Arizona State University.



    Jesse J Noel, MS, CFA, Vice President, USBFS

With almost 20 years in the Fund Industry, Jesse started his career as a mutual fund accountant for Direxion Funds. After being hired directly by Direxion, Jesse primarily worked as a portfolio manager on levered long and short funds. While also being a sort of, general operations officer, Jesse eventually became the Funds’ Chief Financial Officer. Currently Jesse works at USBFS with his primary responsibilities sorrounding publicly traded funds/REITs. 

Jesse also serves as Director of Communications for the New York City Chapter of QWAFAFEW. He earned his Master’s in Finance degree from University of Wisconsin – Madison and Undergraduate degree with a double major, finance and economics, also from the University of Wisconsin. Enjoying education, Jesse earned his Chartered Financial Analyst, CFA, designation in 2002. In his spare time, Jesse follows the equity markets looking for investment opportunities and works on various market models. 



    Christopher Meredith, CFA, Director of Research, O’Shaughnessy Asset Management, LLC

Chris Meredith is the Director of Research & Portfolio Management and a Senior Portfolio Manager at O’Shaughnessy Asset Management (OSAM). Chris is responsible for managing the investment activities of the firm, reporting directly into the CEO/CIO. This includes managing the portfolio management team, investment strategy research, and overseeing the firm’s trading efforts. Portfolio management responsibilities include daily model generation, strategy optimization, reviewing account rebalances and trade analysis. For research, Chris leads a team conducting research on new and existing strategies and evaluating the efficacy of new factors. Chris is also a Visiting Lecturer of Finance at the Johnson School of Business at Cornell University, where he co-teaches Applied Portfolio Management and co-manages the student-run Cayuga Fund. Prior to joining the firm, Chris was a Senior Research Analyst on the Systematic Equity team at BSAM. He was a Director at Oracle Corporation and spent eight years as a technology professional before attending the Johnson School at Cornell University. Chris holds a B.A. in English from Colgate University, an M.B.A. from Cornell University and an M.A. of Financial Mathematics from Columbia University. He is a Chartered Financial Analyst. He lives in Chappaqua, New York with his wife and three children.


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