Chicago, IL – March 5, 2015 – Blue Prairie Group (“BPG”), a Chicago-based institutional retirement, wealth management and investment consulting firm, is pleased to announce the addition of new equity partner and Director of Research, Constantine “Connie” Mulligan.
Connie’s career in the institutional and wealth management investment space began over 10 years ago, during which time he has worked extensively with both institutional and wealth management clients. Prior to joining Blue Prairie Group three years ago, Connie worked at RH Financial Group, where he managed client portfolios and conducted investment and asset allocation research. While at Blue Prairie Group, he has directed the firm’s in-house Investment Analytics Group (IAG), added to the firm’s investment intellectual capital, and worked with the firm’s client base to achieve their investment objectives. He also serves on the firm’s Internal Investment Committee (IIC).
Gary Silverman, CFA, Blue Prairie Group’s Chief Investment Officer and equity partner added, “As our discretionary asset management businesses like wealth management, foundations, endowments, custom target date and managed accounts continue to grow, we need to continue to innovate and grow our in-house investment group to create low-cost, effective, client-oriented solutions. In addition, working with me and the rest of the BPG Investment Committee, Connie will be spearheading an “applied research” effort that will demonstrate BPG’s deep commitment to providing market leadership in an industry that too often resorts to simplistic solutions like “pass/fail” scorecards and naïve, highcost asset allocation strategies, including off-the-shelf target date products.”
Matt Gnabasik, Blue Prairie Group’s Managing Director, said, “I’ve had the pleasure of working with Connie in re-organizing several of our investment group’s operational workflows around data feeds from investment managers, the building of stable value and target date databases and the creation and improvement of a number of core client investment reports, as well as tackling numerous complex client investment projects. Connie loves a challenge and we’ve seen him excel at every project he’s been given. His skill set, experience and deep industry knowledge will allow us to more quickly execute our strategy of creating one of the best investment teams in the investment consulting industry and significantly expand the firm’s management bandwidth.”
Connie’s research mandate is large and about which he said, “I’m excited to begin working on the creation of a target date fund SmartCard™, a quantitative scoring system that will allow plan sponsors to assess the performance of the popular QDIA option. Although there are some tools like this in the marketplace today, many are built around incomplete databases, unsophisticated methodologies, or are biased towards particular philosophies. I’m excited to employ Blue Prairie Group’s extensive databases, deep research capabilities, and independent, bias-free perspectives toward creating a tool that can help plan sponsors make better decisions about the most important option in their defined contribution lineup.” Other items at the top of his research agenda include asset allocation modeling, researching participant demographics and behaviors, and designing plan-lineup optimization frameworks.
Connie received his bachelor’s degree in Finance from Northern Illinois University in DeKalb, IL, and an MBA with a concentration in Finance from DePaul University in Chicago, IL. He holds a series 65 investment advisory representative license and is a 2015 Level III Candidate in the CFA Program.
About Blue Prairie Group
Blue Prairie Group is a fee-only investment consulting firm headquartered in Chicago. We provide unbiased and objective financial consulting through our three main practice areas: ERISA Retirement, Foundations & Endowments, and Wealth Management. We act as fiduciaries to all of our clients’ portfolios and are remunerated solely by our clients. BPG passionately advocates low cost investments, full fee transparency, and offers a broad service suite for both institutions and individuals. Like any good neighbor, we contribute to the communities we live in, and for us this means giving 5% of our pre-tax profit to local charitable organizations.
For more information, please contact Matthew Gnabasik at (312) 376-8435 or go to www.blueprairiegroup.com.