Our investment team, headed up by our founder and Chairman, Robert G. Smith, Ph.D., has over 175 years of combined experience in the investment of fixed income assets. As one of the few remaining independent investment advisory firms, our professionals share the values and character on which our firm was foundedóa passion for our business and an unyielding commitment to client service.

Dr. Robert Smith, PhD., Founder As one of the more influential political economists who apply the fundamentals of macroeconomics to separate-account portfolio management, Dr. Robert G. Smith founded Smith Affiliated Capital Corp. in 1982 to design, implement, and manage fixed-income strategies for institutions, endowments and foundations, and wealthy individuals and their families. Dr. Smith was chairman and remains a voting member appointed by the New York State Senate to serve on the board of the New York State Health Foundation. He recently completed a twenty-five year tenure as a member of the New York State Comptrollerís Investment Advisory Committee for State Pension Funds (Common Fund). He is a retired Ďleadí director and chairman of the Audit Committee for the former Guardian Insurance Family of Mutual Funds and a former board member of the Nassau County Interim Finance Authority (NIFA) and the New York State Financial Control Board fro New York City. Dr. Smith received his PhD from the New York University Graduate School of Business Administration. He is a member of the CFA Institute, the National Association of Economists (NABE), The Fixed Income Analyst Society Inc. (FIASI), The Healthcare Financial Management Association, The Money Marketeers of NYU, The Municipal Analyst Group of NY (MAGNY), the University Club of New York and the Pilgrims of the United States. Dr. Smith is a member of the Naval Order of the United States, New York commandery and a former US Naval officer and a veteran of the Korean War.

Robert
G. Smith, Ph.D.
Founder and Chairman
Maria E. Smith, Chief Executive Officer began her advisor career at Smith Affiliated Capital in 1984. In 2004, Maria founded Intuitive Strategies Consulting LLC, an independent consulting firm specializing in strategic business development, operational risk management, and forensic consulting. She returned to SAC in 2011 as Managing Director and a member of SACís Board of Directors. She is a principal owner of Smith Affiliated Capital Corp., a wholly owned subsidiary of Smith Affiliated Ventures LLC (SAV). Her core duties include the oversight of SACís risk management strategies as they relate to investments, operations, and SACís strategic growth. In addition to her duties at SAC, she has held several key board positions with the Investment Advisor Association in Washington D.C. and as a member of the Global Investment Performance Standards (GIPS) Board for the CFA Institute, where she actively participated with regulators and industry professionals in developing global performance standards for the investment industry. She is a member of the Northeast Women in Public Finance as well as the New England Association for Financial Professionals. Maria earned a BA in Business Administration from Marymount Manhattan College and an Executive MBA from the Zicklin School of Business at Baruch College/CUNY.


 


 

 

Maria E. Smith
Chief Executive Officer


Matthew Smith, President oversees the investment efforts of SAC across all portfolio products, developing the firm's market strategies and identifying appropriate investments. He has been a member of the Investment Committee since 1998. He is specifically responsible for the management of SAC's Enhanced Fixed Income product line as well as the development of socially sensitive strategies. Prior to joining SAC in 1994, Matthew served as a strategist for the Rock & Roll Hall of Fame in Cleveland, OH. He is an affiliate member of the New York Society of Security Analysts and received his MA/CNM degree/certification in US Social Economic Policy and Nonprofit Management from the Weatherhead School of Management at Case Western Reserve University.

Matthew J. Smith
President
Co-Chief Investment Officer, Portfolio Manager,
Enhanced Fixed Investments
Jiang Peng, CFA, Chief Investment Officer joined SAC in 2002 he became a member of the firm's Investment Committee in 2003. He is responsible for the management of SAC's Core Fixed Income accounts as well as the support of the firm's compliance with client investment objectives, asset allocation, and performance variance for all of our strategy composites. Prior to joining SAC, Jiang accrued over eight years of experience in analytic and credit analysis, including five years with Ryan Labs, Inc. He is a member of the CFA Institute and the New York Society of Security Analysts. He earned his MA in Economics at the City University of New York.

Jiang Peng, CFA
Co-Chief Investment Officer, Portfolio Manager Performance Analytics / Credit Research



Paul Matus, Vice President joined SAC in 1999 as Vice President and Director of Tax-Exempt Investments. He is responsible for the management of the firm's tax-exempt portfolios and is a member of the Investment Committee. Prior to joining SAC, Paul spent 12 years with Merrill Lynch and Co.'s Defined Asset Funds, both as Assistant Vice President of its Research Department and Vice President of its Buying/Private Placement Department. He earned an MBA in Finance from New York University.

Paul J. Matus

Vice President
Portfolio Manager, Tax-Exempt Investments

Erwin Tonogbanua, Portfolio Manager joined SAC in 1997, became a portfolio manager in 2005, and a member of the firm's Investment Committee in 2006. He is responsible for the management of SAC's Limited Duration and Municipal accounts as well as the support of the firm's reporting and analytic systems. Erwin earned his BS in Finance and International Business from New York University.

Erwin Tonogbanua

Portfolio Manager,
Tax-Exempt Investments

Jerry Miller, CFA, Vice President joined SAC in 2013, as Vice President and Portfolio Specialist for SAC's taxable Low Duration strategies. Prior to joining SAC, Mr. Miller spent 18 years with M.D. Sass as a Vice President-portfolio manager on their taxable fixed income team. He has over 24 years of experience in investment management & trading in the U.S. Government /Agency markets, with a particular emphasis on U.S. Agency Mortgaged-Backed securities. He is a member of the CFA Institute and the New York Society of Security Analysts. Mr. Miller earned his BBA in Finance & Management from Pace University.

Jerry Miller, CFA
Vice President,
Portfolio Manager,
Taxable Investments


Conor Lyons, CFA, Portfolio Manager & Performance Specialist joined SAC in 2007, and became a member of the Investment Committee in 2014. He became a Portfolio Manager for the Intermediate Fixed Income Strategy in 2015 and is also a Performance and Research Analyst. He works closely with SAC's Chief Investment Officers for both our FIxed Income and Equity strategies, reporting on performance attribution for SMAs and composites. Additionaly, he assists SAC's CEO and Risk Manager in development and management of SAC's risk monitoring platform. He is a member of the New York Society of Security Analysts and is a member of the CFA Institute. He earned his BA from Syracuse University in 2006 in Political Science.


Conor Lyons, CFA
Portfolio Manager & Performance Specialist


CaiDong Lai, MS, CFA, Fixed Income Analyst, Quanitative Specialist, COMPASS Analytics Caidong Lai joined SAC in 2014 and became a member of the firmís Investment Committee in 2016. Caidong is responsible for fixed income market research, the development of internal risk management analytics, and the daily trading and clearing operations. Since joining the team, he has built and refined SACís COMPASS Analytics: a proprietary data aggregator and risk analytic system which tracks and analyzes composites, portfolios or indicesí characteristics, structures and risk profiles from multiple dimensional perspectives. Prior to SAC, Caidong worked as Analyst and Assistant to the Chairman of CASB Venture, LLC. He is a member of the CFA Institute, the New York Society of Security Analysts, and the Chinese Association for Science and Business. He earned his MS in Financial Engineering at the New York University Tandon School of Engineering and his MS in Finance at the Clark University Graduate School of Management.

CaiDong Lai, MS, CFA
Fixed Income Analyst, Quantitative Specialist, COMPASS Analytics