Paul Schaeffer
President, ReFlow

As President of ReFlow Management, Paul Schaeffer is responsible for overseeing expansion of ReFlow’s client base and ensuring that its solutions meet the demands of the marketplace. Schaeffer is well known in the financial services industry as a business strategist, speaker and author with a knack for anticipating emerging trends and innovations. He came to ReFlow from SEI, where he was Managing Director of the Investment Manager Services Group, a provider of operating services to mutual fund, alternative investment and separate account management organizations. He led that unit’s business strategy, product development and thought leadership initiatives.

Prior to SEI, Schaeffer was Managing Partner of Investment Counseling, Inc. (IC), where he advised investment management firms on competitiveness and performance issues. It was during his tenure at IC that he pioneered, along with partner Chas Burkhart, the comprehensive annual survey, Competitive Challenges, which remains the leading monitor of best practices in the industry.

Widely published and quoted in major industry publications, Schaeffer is a frequent speaker at conferences held by the ICI, ABA, AIMR, IAA and U.S. Institute. He is active in the ICI Research Committee and the Money Management Institute and serves on the board of directors of Epic +Bancorp and as Chairman of the Board of Tamalpais Wealth Advisors. Earlier in his career, Schaeffer worked in publishing, the entertainment industry, government and public policy.

Alan Seigerman
Chief Operating Officer, ReFlow

With over twenty years of experience in planning and implementing growth strategies, Mr. Seigerman has been instrumental in taking ReFlow from an innovative idea to an award-winning organization.

Previously, he was Director of E*TRADE's internal consulting group developing new business opportunities including selecting and integrating third party affiliations and acquisitions. Prior to E*TRADE, Mr. Seigerman was a Principal Consultant at Price Waterhouse LLC assisting clients with managing and valuing their intellectual property, as well as maximizing their business performance. Earlier at IDD Information Services, he developed the first online global Mergers and Acquisitions information service now owned by SDC, a division of Thompson Corporation.

Greg Kadlec
Professor, Virginia Tech

Dr. Kadlec is the R. B. Pamplin Professor of Finance at Virginia Tech. He is regarded as a leading expert on mutual funds and transaction costs. His research on mutual fund transaction costs is widely sited in government proceedings on mutual fund reform and has been featured in the New York Times and Wall Street Journal. His work on the pricing of mutual fund shares (mutual fund timing), published in the Journal of Finance, was presented to the Securities and Exchange Commission (SEC) and at a conference held by the Investment Company Institute (ICI). He has played a prominent role advising the ICI and mutual fund companies on policies to address the mutual fund timing problem. His thesis, published in the Journal of Finance, examines the economic gains from reducing transaction costs.

He is a member of the American Finance Association and the Western Finance Association. Prior to coming to Virginia Tech, Dr. Kadlec was an operations research specialist for American Airlines and F.T. Sparrow & Associates.

Wayne has received two Graham and Dodd Awards from the Financial Analysts Journal for excellence in financial writing. He served as a Regent of the Financial Analysts Seminar and served on the AIMR text-blue Ribbon Task Force on Soft Dollars and the AIMR Best Execution Task Force. Mr. Wagner was a founding partner of Wilshire Associates and served as Chief Investment Officer of Wilshire Asset Management. Earlier, Mr. Wagner participated in the design and operation of the first index funds at Wells Fargo Bank. Wayne holds an MS in Statistics from Stanford University and a BBA in Management Science/Finance from the University of Wisconsin.

Tom graduated from Metropolitan State College of Denver with a Bachelor’s Degree in Finance and a minor in German. He received his Master’s Degree in international management from the University of Denver and has passed the first level of the Chartered Financial Analyst program.

Breen holds Bachelor’s and Master’s Degrees in Political Science from Northern Illinois University.

Prior to joining Strategic Insight, Kevin spent four years as a Fee and Expense Analyst for Lipper Inc. where he prepared and coordinated the production of custom reports analyzing the operational fees, expenses, and performance of investment management companies. Kevin earned a Master of Science in Finance from the University of Colorado and a BS in Business Administration from Missouri Western State University.

Mr. Richardson joined Eaton Vance in 1987. He assumed management of Tax-Managed Growth Portfolio and its predecessor fund in 1990. Tax-Managed Growth Portfolio is Eaton Vance’s largest equity portfolio.
Mr. Richardson was formerly associated with Booz-Allen & Hamilton. He also served in the U.S. Navy Submarine Service for five years. Mr. Richardson graduated from the U.S. Naval Academy in Annapolis,
Maryland, with a B.S. in Ocean Engineering. He received his M.B.A. from Harvard Business School. He is a member of the Boston Security Analysts Society.

Mr. Richardson’s commentary has appeared in national and international media outlets such as Associated Press, Barron’s, Bloomberg, Financial Times, Investment News and The Wall Street Journal. He has also appeared on Wall Street Week with Louis Rukeyser, as well as on CNBC and CNN.

Prior to assuming her current role in February 2008, Dolan was a Senior Mutual Fund Analyst. She joined Morningstar in 2002 and the fund analyst group in 2004.

Dolan holds a bachelor’s degree in economics and English from the University of Michigan, Ann Arbor. She is currently pursuing a Master’s Degree in Business Administration from the University of Chicago Graduate School of Business. Dolan holds the Chartered Financial Analyst (CFA) designation.

Avi contributes to SI research, which spans innovations in U.S. mutual funds; fact-based studies helping in mapping growth opportunities; income-at-retirement and variable annuity trends; independent trustees’ education and 15(c) analytics; peer analysis; product development; and fee and profitability benchmarking. Avi also consults with SI’s clients, which, besides investment managers and fund distributors, include capital market, consulting, law, audit, back-office, and hedge fund firms, and U.S. governmental agencies.

Avi participated in the development of Strategic Insight Simfund databases, the mutual fund industry’s principle competitive and business intelligence tools. As a passionate industry observer and strategist, Avi is widely quoted in the media and is often a panelist and keynote speaker in investment management industry events. For example, at the June 2007 SEC hearings on the need to update, and possibly repeal, Rule 12b-1, Avi suggested that radical changes to Rule 12b-1 would be harmful to small investors. Or, at the recent meeting of Canadian regulators
with the leading investment managers in Canada, Avi provided a US and global perspective on mutual fund innovations and investor preferences.

Avi was raised in a farming village in Israel, studied Chemistry at Tel Aviv University, and received an MBA, with distinction, from New York University’s Stern School of Business in 1985. Avi lives with his wife and three children in New York City.