1st Global Engages Dr. Harry M. Markowitz as Consultant and Advisor
DALLAS, TX – March 17, 2010 – 1st Global, the wealth management and business development partner to leading CPA, tax and estate planning firms, announces that Dr. Harry M. Markowitz, Ph.D., recipient of the 1990 Nobel Memorial Prize in Economic Sciences for his dissertation on Modern Portfolio Theory(MPT), has been engaged as advisor to 1st Global’s Investment Management Solutions (IMS) investmentcommittee and as a consultant to 1st Global’s Investment Management Research Group (IMRG). In this role, Dr. Markowitz will draw on his ongoing research surrounding evolutions in portfolio efficiency. He will incorporate his fundamental work on MPT with the latest advancements in academic theory to advise 1st Global on asset allocation model development processes, innovations on risk and return measurement,investment strategies including integration of hedged, leveraged and illiquid investments in efficient portfolios, reviewing and composing research papers relevant to independent financial advisors, andmore.
“We are very pleased to be working with such an inspirational thought leader whose monumental work onmodern portfolio theory is still the foundation of portfolio design for institutional and retail investmentsciences after more than half a century,” said 1st Global CEO Tony Batman. “Dr. Markowitz’s very activeand passionate commitment to find new practical insights is inspiring. We are confident that through thispartnership, we will continue to enhance our powerful, open-architecture managed account platform (IMS)and enable affiliated 1st Global wealth managers to deliver the investment innovations needed to meet the evolving demands of their emerging affluent and high net worth clients in an ever increasing complex and risky world.”
About Harry M. Markowitz, Ph.D.
Dr. Markowitz is a Nobel Laureate and the father of Modern Portfolio Theory, studying the effects of investment and portfolio variability, return, and correlation. Famous for his work in economics, Dr.Markowitz has made equally significant strides in the field of technology. He was awarded the prestigious Von Neumann Prize in Operations Research Theory for his work in portfolio theory, sparse matrix techniques and the SIMSCRIPT programming language. Dr. Markowitz was also recently given the “Manof the Century” award by Pensions & Investments magazine for his life’s work in the field of investments.Dr. Markowitz currently divides his time between teaching as an adjunct professor at the Rady School ofManagement at the University of California at San Diego and consulting.
1st Global Capital Corp. is a member of FINRA and SIPC and is headquartered at 8150 N. CentralExpressway, Suite 500 in Dallas, Texas, 75206, (214) 265-1201. Investment advisory services offeredthrough 1st Global Advisors, Inc. Additional information about 1st Global is available via the Internet atwww.1stGlobal.com.© 2010 1st Global
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