PITTSBURGH – (COMMERCIAL THREAD) – Fort Pitt Capital Group (“Fort Pitt”) is pleased to announce promotions among the executives of our portfolio management group. Effective September 1, 2021, Dan Eye, CFA® will be elevated to Chief Investment Officer, and Carter Henderson will be promoted to Co-Portfolio Manager.
Charlie Smith, Founding Partner of Fort Pitt and current Chief Investment Officer, explains, “We’ve spent nearly a decade building the stack of portfolio management skills. Jay Sommariva took over fixed income eight years ago and day-to-day team management in 2019. Carter brought prodigious stock picking skills to 2018, and Dan added his communication skills with clients and seeing the “big picture” in 2019. These changes simply crystallize this process, allowing me to step down from day-to-day management on June 30, 2022, while remaining in an advisory role beyond that date.
“The deliberate evolution of Charlie Smith’s leadership role is part of Fort Pitt’s larger succession plan. Dan is a seasoned leader who will take on this role in a transparent and effective manner, ”said Fort Pitt CEO Theodore M. (Ted) Bovard.
Eye has nearly 20 years of investment management experience, starting with JP Morgan where he actively managed discretionary portfolios for high net worth individuals, then creating and managing custom portfolios for high net worth clients with a corporation. based in Philadelphia, and more. most recently as Director of Investments for RIA Roof Advisory Group, based in Harrisburg. He joined Fort Pitt in 2019 through a merger as Head of Asset Allocation and Equity Research and has spent the past 3 years working closely with Smith.
“At the end of the day, our goal is to enable people to retire,” said Mike Blehar, founding partner of Fort Pitt. “Ted, Charlie and I have been investing alongside our clients since we founded the company in 1995, building our own retirement nest egg the same way we build it for them. Charlie has done a tremendous job building his team in a way that will allow him to pursue our company’s investment strategies at the same high level our clients have enjoyed from the start.
About Fort Pitt Capital Group:
Fort Pitt Capital Group was formed in 1995 with a focus on exceptional customer service and advice given in the best interests of our clients. We offer the breadth and depth of a large business with in-house analysts, a powerful trading system, and certified financial planners, yet with a boutique atmosphere. Clients work with a small team of dedicated client advisors who take a very personal approach to financial planning, wealth management, business consulting and 401 (k) planning. For more information, visit www.fortpittcapital.com.
* Registration with the SEC does not imply any particular level of skill or training.