Vista Investors

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Investment Consulting Business Plan

Management Summary

VISTA INVESTORS has compiled a preliminary management team, and has candidates for other key positions. This information is found in the following sections.

5.1 Portfolio Management Team

Michael John Douglas, CIO and Portfolio Manager, is responsible for execution of the investment process. This includes management for all of the team's research activities. Mr. Douglas's most recent position is that of Principal within the Portfolio Strategies Research Group at First Union National Bank. In this position he was responsible for conducting investment manager research resulting in the selection of investment managers to be used with the firm's high net worth and institutional clients. Prior positions include that of Senior Analyst for a consulting team at Wilshire Associates, where he was responsible for advising on the investment decisions of pension funds, university endowments, and insurance companies. His career includes six years of experience researching and evaluating investment management organizations.

Mr. Douglas earned a Masters in Business Administration from the University of Notre Dame. He also holds Bachelor of Science degrees in Industrial Management and Economics from Carnegie Mellon University. Currently, he is a member of the Association for Investment Management and Research and the Jacksonville Financial Analysts' Society. Mr. Douglas is also a candidate in the CFA (Chartered Financial Analyst) Program.

Mark Francis Haynes, Senior Portfolio Manager, is responsible for conducting company specific research including execution of research assignments, idea generation, sector/industry analysis, and contribution to the firm's overall economic outlook. Mr. Haynes' most recent position is that of Assistant Portfolio Manager at ING Pilgrim Investments. In this position, he was part of a team responsible for the management of a retail closed-end fund and several private collateralized loan obligations (CLOs) consisting of nearly $5 billion in high yield senior debt securities. Prior positions include that of Assistant Vice President and Financial Analyst with both Norwest Bank and Bank One, where he was responsible for financial analysis used to determine the credit worthiness of the firm's clients. His career includes seven years of experience pertaining to financial statement analysis and credit underwriting.

Mr. Haynes earned a Masters in Business Administration from the University of Notre Dame. He also holds Bachelor of Science degrees in Finance and Human Resource Management from Marquette University. Currently, he is a member of the Association for Investment Management and Research and the Phoenix Financial Analysts' Society. Mr. Haynes is also a candidate in the CFA (Chartered Financial Analyst) Program.

The name of one member of the portfolio management team cannot be disclosed at this time due to sensitivity surrounding this person's current employment.

Senior Portfolio Manager, CFA is responsible for conducting company specific research including execution of research assignments, idea generation, sector/industry analysis, and contribution to the firm's overall economic outlook. This individual's most recent position is that of Portfolio Manager at a major investment firm in the Northeast. As Portfolio Manager, this person managed a Communications Technology mutual fund with assets of approximately $1 billion. Prior positions include that of Technology Industry Analyst with the same firm. This person's career includes eight years of experience performing security analysis.

This individual earned a Masters in Business Administration from Carnegie Mellon University. This person also holds a Bachelor of Science degree in Industrial Management from Carnegie Mellon University. Currently, this person is a member of the Association for Investment Management and Research and of a local Financial Analysts' Society. This individual is a CFA (Chartered Financial Analyst) Charterholder.

5.2 Positions Being Hired

The following positions will be hired following the first round of primary funding:

  • Operations Director.
  • Marketing Analyst.
  • Portfolio Management Assistant/Analyst.
  • Administrative Assistant.
  • Fund Board of Directors (non-salary position).

Retention of human capital is critical in the investment management industry. Our firm has identified potential benefits providers for medical and retirement. Worth noting is that the retirement plan platform will allow employees to invest retirement savings in VISTA INVESTORS' mutual fund product. Non-propriety products will also be included to fulfill the requirements of section 401(k) of the tax code for diversity amongst product offering types.

5.3 Operations/Services to be Outsourced

  • Fund Accounting and Fund Custodian (likely to be State Street Bank in Boston).
  • Transfer Agent (likely to be PFPC, a mutual fund service provider owned by PNC Bank).
  • Legal.
  • Data Services (various).
  • Separate Account Management Service (reviewing services by Ewebportfolio.com and TD Waterhouse Institutional).

VISTA INVESTORS has reserved the domain name vistainvestors.com for purposes associated with this business.

Personnel Plan
Year 1 Year 2 Year 3
Michael Douglas $51,445 $56,590 $62,248
Mark Haynes $51,445 $56,590 $62,248
CFA $51,445 $56,590 $62,248
Operations Director $39,134 $43,047 $47,352
Marketing Analyst $29,351 $32,286 $35,515
Portfolio Manager Assistant/Analyst $22,826 $25,109 $27,619
Administrative Assistant $19,571 $21,528 $23,681
Total People 6 6 6
Total Payroll $265,217 $291,739 $320,913