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 Comptroller’s Investment Advisory Committee for State Pension Funds (Common Fund). He is a retired ‘lead’ 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.