The PM Team actively manages the portfolio based on market conditions and implied volatility levels; not passive, systemic rules.
Dynamic option portfolio of covered calls and cash-secured puts varies by strike price and expiration date.
Individual stocks and cash (may include T-bills and money market funds) are used to collateralize the option writing; no leverage is utilized.
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.
Option trading entails significant risk and is not appropriate for all investors. Additional information about option trading can be found in the updated Options Disclosure Document (Characteristics and Risks of Standardized Options) located on the Options Clearing Corporation Website.
Kurt is the Group Head of Alternative Investments at MAI joining the company in 2011. Kurt chairs the firm’s Alternative Investment team and is a Portfolio Manager on the Managed Volatility Strategy and several of MAI’s private funds. Prior to joining MAI, he was an Investment Analyst with the Townsend Group where he provided portfolio modeling, investment due diligence, and analytical support to clients. Prior to Townsend, Kurt was a Senior Financial Analyst at Capital One where he focused on forecasting and analysis.
Rick became Managing Partner of MAI Capital Management, LLC on February 1, 2007, after spearheading the acquisition of McCormack Advisors International by his prior firm BC Investment Partners. Rick was a founding partner of BC which offered wealth advisory services including a global equity hedge fund and a long-only high quality dividend strategy. Prior to BC, Rick was Chief Executive Officer for Victory Capital Management, a subsidiary of KeyCorp, from 1999 to 2005. Rick graduated from Fordham University with a BS in Accounting and was inducted into the Hall of Fame. He is a member of the American Institute of Certified Public Accounts and is an active member of Cleveland’s charitable and civic community.
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.