The MAI High Income Equity Portfolio (the HIEP) seeks to balance three goals: safety, income, and capital appreciation.
We strive to accomplish this by investing in high-quality dividend stocks that have durable competitive advantages and can support returns above the firm’s cost of capital. We believe that is the key driver of long-term returns.
Additionally, we will invest in fixed-income securities to both augment the income of the portfolio as well as potentially lowering its volatility. That additional income allows us to avoid concentrating in riskier, higher-yielding stocks. We believe this approach can produce a portfolio with low volatility, above average income, and the potential for capital appreciation over time. The portfolio is well diversified across sectors, and typically holds 25-35 securities with an average holding period of 2-3 years
All investments are subject to risk, including the loss of principal. There is no guarantee that the investment strategy presented will achieve its intended result. Past Performance is not indicative of future results.
Chris is the Chief Equity Strategist and Regional President at MAI. In this role he supervises the proprietary equity portfolios within MAI while also providing an outlook on the equity markets as a whole. In addition, Chris is the lead portfolio manager of the Focused Equity Portfolio, which is a concentrated portfolio of large capitalization U.S. equities. Prior to joining MAI in 2020, he was the owner and founder (in 1999) of Grisanti Capital Management (“GCM”). His analytical background led GCM to focus on concentrated, long-term investments, driven by extensive research. Prior to GCM, Chris practiced corporate law at the New York firm of Simpson Thacher & Bartlett before joining the investment company Spears Benzak Salomon & Farrell (SBSF) in 1994, where he was Director of Research, supervising a team of nine analysts.
Tom is a Focused Equity Portfolio Manager at MAI, based out of the New York City office. Prior to joining the firm, Tom was the Director of Research at Grisanti Capital Management (“GCM”), which was acquired by MAI in 2020. Prior to GCM, he served as a Research Associate covering oilfield services and offshore drilling at Clarkson Capital Markets.
Mike is a Regional Client Service Leader at MAI, based out of the New York City office. He joined the firm in 2020 with over 25 years of experience. At MAI, Mike is responsible for client service, reporting and trading in the New York office. Prior to MAI, for 15 years, Mike was the Chief Operating Officer at Grisanti Capital Management (“GCM”), which was acquired by MAI in 2020. Prior to GCM he was a Director at Victory SBSF Capital Management. He also previously worked for Equitable Capital Management, JP Morgan Chase and Reich & Tang. Mike graduated from SUNY College at Old Westbury with a BS in Accounting. He lives on Long Island with his wife and four children.
Nick is a Taxable Fixed Income Senior Portfolio Manager at MAI. He is a member of MAI’s Fixed Income Committee which is tasked with setting and implementing fixed income strategy in client portfolios. Prior to MAI, Nick served as PNC/National City Bank’s Fixed Income Strategist for nine years, and has a 20 years of investment experience. He earned his BS in Business Administration with a concentration in Finance from John Carroll University. He holds the Chartered Financial Analyst® designation.
Andrew is a Portfolio Manager at MAI, working with the Dividend Strategy and High Income Equity Portfolio teams. He joined the firm in 2014 after earning his Bachelor of Science in Business Administration with concentrations in Finance and Investment Management from The Ohio State University. Andrew also holds the Chartered Financial Analyst® designation and is a member of the CFA Society of Cleveland.
Erik is an Institutional Business Development Officer at MAI, joining the firm in 2013. He is responsible for business development and distribution of the firm’s proprietary strategies to institutions. Prior to MAI, Erik was a Product Manager at PNC Investments where he was responsible for the launch of online trading & investing and structured products. Additionally, he was a Staff Sergeant in the Ohio Air National Guard where he worked in the Accounting Liaison Office. Erik earned his Associates in Applied Science from the Community College of the Air Force, his BA in Economics from Denison University and his MBA from Ashland University. He is actively involved in his community, serving on St. Augustine’s Associate Board.