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Brandon Thomas

Contributor

Mr. Thomas is co-founder of Envestnet | PMC and as chief investment officer remains responsible for all aspects of PMC's investment management and research capabilities. Primary among those responsibilities include the development of PMC's investment policy, implementation of the firm's investment management and research offerings, and the development of new investment products, including alternative investment strategies. Thomas is a member of the PMC Management Committee.

Prior to joining the firm in 1999, Thomas was Director of Equity Funds for The John Nuveen Company. For five years, Thomas was responsible for managing the firm's equity fund activities and served on the firm's New Products Committee. Prior to that, he was a portfolio manager with a Chicago-based money manager, and started his career as a securities analyst with a Wall Street investment management firm.

Thomas received an A.B. in Economics from Brown University, an M.B.A. in Finance and Accounting from the University of Chicago and a J.D. from DePaul University. Brandon holds the FINRA Series 7, 24 and 63 securities registrations and the Series 65 investment advisor registration.

Diversification: An Expensive Lunch Recently, But Free Over Time

The Benefits of Diversification Ebb and Flow, But Now is Not the Time to Abandon the Time-Tested Strategy
One of the most important concepts taught to MBA students in Investments 101 is that portfolio diversification is fundamental to a sound investment strategy. In 1952, Harry Markowitz, pioneer of Modern Portfolio Theory, coined the oft-cited phrase, “Diversification is the only free lunch” in finance. Diversification has earned this reputation because of its ability to produce superior risk-adjusted returns over time.