Your financial advisor should be a partner to your organization, offering the skills and resources that give you confidence in your financial planning decisions, and allowing you to dedicate yourself to your mission.
Managing a nonprofit organization presents many significant challenges:
- Having the funds to accomplish your mission now and into the future.
- Engaging your board to take on leadership responsibilities and propel the organization to the next stage of development.
- Raising awareness of what you do for those who you serve and the community around you.
- Holding on to your valuable, hard-working staff.
- Planning that is long-term and strategic.
Our Approach: It’s Simple
A focused vision, a plan for managing funds and an informed and educated board and finance committee are important factors in developing and maintaining a strong and sustainable organization.
With these dynamics in mind, a partnership with Fragasso is structured around three critical pieces:
We are a fiduciary partner with you and your board to coordinate planning in accordance with a clear investment policy statement and spending guidelines, asset management that is flexible enough to help your organization meet its mission and goals but tempered enough to do so without excessive risk, and communication through presentations to your board, customized reports and third-party audited statements. We can meet with you as little or as often as you want. We can run and review reports with you as often as needed. Because we are fee-based, these services are part of what we do at no additional cost to you.
Each of these components helps drive success and ensure the best possible client experience for your organization.
The Value of Partnering with Fragasso
Our nonprofit partners achieve their mission and work towards strategic goals with Fragasso’s help as together we keep the organization’s priorities and investment funds in harmony. You may think other firms do this too. So, what makes us different?
1 Unbiased Guidance
As a registered investment advisor, we provide independent guidance. We do not make any proprietary or commission-based recommendations.
(Registration does not imply a certain level of skill or training, nor any regulatory endorsement or approval of our investment advisory services.)
2 Fiduciary Responsibility
We serve as a fiduciary partner to our nonprofit clients. We have an obligation to always act in our clients’ best interests.
4 The Fragasso Client Experience
Our client experience is our brand of service that allows us to offer each client a highly professional and personalized experience while maintaining the highest standard for quality.
So, what should you expect?
After learning more about our firm and financial planning philosophy, we feel confident you will be ready to set up a more formal meeting. At that time, we can have an in-depth conversation with you that will frame your goals into concrete and actionable objectives.
- Is your advisor a fiduciary?
- Do you have an Investment Policy Statement (IPS) and does your advisor review it with you regularly?
- Is your advisor compensated with a fee or commissions?
- Will your advisor put his/her commitment to service in writing?
- Do you feel confident your advisor can present to your boards and committees?
If you are unsure of the answers to any of these questions, contact us today.
Nonprofit Investment Advisors Staff
Our Nonprofit Investment Advisors staff has worked both with and for nonprofits, as board members, investment advisor and even executive director. When we say our staff understands your challenges, we mean it. Every person who serves a nonprofit is crucial to its success. There is no room for inefficiency. That is why we take our role as a fiduciary partner so very seriously. It is our responsibility to ensure you are able to focus your efforts on accomplishing your mission rather than on figuring out if your organization’s portfolio is structured properly.
Robert Yelenovsky AIF®
Senior Vice President, Retirement Plan and Institutional Advisors
Phone - 412-227-3249
Email - firstname.lastname@example.org
"Once I started to focus on the retirement plan space, it became obvious just how little business owners knew about the many options available to them. I feel my role is to show them the possibilities."
Rob started at Fragasso in 2014 and manages the Retirement Plan Advisors Department. The team focuses on working with both businesses and organizations, utilizing plan design, advanced profit sharing methodology, defined benefit and non-qualified compensation strategies to help build and maintain effective retirement programs. He brings with him deep experience in retirement investment strategy, which clients find particularly helpful when analyzing their plans. Rob is qualified in this area, having started in the industry with a national third party administrator (T.P.A) and record-keeper where he specialized in providing 401(k) services to clients. Rob feels that the comprehensive holistic approach that Fragasso uses, including a centralized portfolio management approach across all accounts, a coordinated strategy and one point of contact, puts clients at ease.
Rob grew up in Mt. Washington and joined the Marine Corp at age 20. He traveled the world, living in Hawaii, Japan, Philippines and several states in the continental U.S. He studied literature and pre-law at both Lewis & Clark College and the University of Pittsburgh. He also attended the Community College of Allegheny County, studying business administration. In his spare time Rob enjoys competitive shooting, traveling to the Upper Peninsula, reading and writing and spending time with his wife, his two dogs, family and friends. He also serves on the board of directors for the Young Professionals in Energy.
Series 7, 66 & 31 securities licensed through LPL Financial
Accredited Investment Fiduciary®
Life Insurance, Fixed & Variable Annuity Licensed
Insurance licensed, Pennsylvania
Gregg Daily AIF®
Senior Vice President, Investment Advisory Services
Phone - 412-227-3213
Email - email@example.com
Gregg’s work is focused on nonprofit organizations, institutional clients and managing the Investment Advisory Services department at Fragasso. In these roles, he partners with clients to crystallize goals and desired outcomes, bringing a focus on preserving and growing investment assets. Gregg has worked with many types of organizations, including human services, the arts, industry groups and municipalities. His experiences both as a board member and an independent investment advisor have given him an appreciation for the joys and challenges that organizations face and a sense of purpose in helping our partners fulfill their fiduciary responsibilities. Gregg is also a member of the Fragasso Investment Committee.1
Gregg grew up in the Pittsburgh area. He currently lives in Jefferson Hills with his wife and children. He serves on the board of Friends of The Pittsburgh Fisher House and the Borough of Jefferson Hills Planning Commission. In his spare time, Gregg enjoys spending time with his family.
Accredited Investment Fiduciary®
Series 7 licensed through LPL Financial
Series 66 licensed through LPL Financial and Fragasso Financial Advisors
Insurance licensed, Pennsylvania
1) The Fragasso Investment Committee is comprised of the portfolio management team and several financial advisors. The committee meets quarterly to discuss market trends, current investment outlook, portfolio construction, implementation and issues on clients’ minds.