Dan Scholl Email & Phone Number

Wilmington, Delaware, United States

Served as senior portfolio manager for $90 Billion Wealth and Asset Management firm. Led $5.3 Billion municipal business, managed an eight-person team responsible for investment strategy, portfolio construction, credit research, client relations and product development and operations for over 1,300 individual portfolios (including SMAs/mutual funds/common trust fund). Senior member of $32 Billion fixed income team with government, corporate, endowment and institutional and UHNW clients. • Instituted relative value, duration neutral investment discipline practiced for over 35 years. • Recognized for SMA returns/yields consistently ranked top quartile against peers (Envestnet). Mutual funds rank in top quartile in 30 day SEC yield (Lipper). • Business increased by $800 M -- expanded relationships with internal and external partners (channels include consultants, institutional and UHNW ). • Developed crossover fixed income “cash plus” strategy to expand business and provide solutions for investors due to low cash yields (US Treasuries, corporates, agencies and munis). Crafted marketing/media campaign with internal partners during the global pandemic to raise brand awareness which led to over $100 M in new assets.• Instituted first performance attribution system and expanded the investment opportunity set to include undervalued municipal sectors (housing, tobacco, student loans, high-yield, US Government municipals) – as well as taxable municipals across the fixed income business.

Wilmington, Delaware, United States

Appointed Deputy State Treasurer by newly elected Treasurer to develop agenda, recruit staff and build relationship with Legislature and Administration. Manage 24 person organization responsible for $5 Billion in investments,$2.3 Billion in State debt, over $1 Billion in State programs (State 529, Able savings, deferred compensation program) and over $10 Billion in annual bank/credit card transactions.

Greater Philadelphia Area

Senior member of new unit to increase market share in the UHNW, RIA and family office space for $500 Billion global asset manager. Managed and built relationships with direct UHNW individuals/families, single family offices (SFOs), RIAs, and large family offices. Developed centers of influence (attorneys, accountants, trusted advisors) to increase referrals. Represented US and global equities, fixed income, private credit, private equity, real estate, single strategy hedge funds, ESG strategies across US.

Greater Philadelphia Area

Co-lead $2.0 billion fixed income business with specialty in municipals and nine (9) person team for top-ranked $500-billion global asset manager. Responsible for investment strategy, portfolio construction, business development, product management, client relations, risk and compliance. Served on U.S. and global fixed income investment committees overseeing $100 Billion in assets. The team delivered top quartile risk-adjusted returns against SMA peers over the long-term (Evestnet) through relative value, research-oriented discipline that has consistently yielded 40+ bps above competitors and comparable indices with AA average credit quality. Initiated, directly built and maintained relationships with UHNW clients, RIAs, family offices, private bank/trust and consultants. Average relationship was 15 years for 90% of the assets. Longest was 23 years.Developed personalized investment strategies to maximize income and total return for over 130 clients, including RIAs, high net worth families/bank trusts, broker-dealer teams, consultants, corporations, and pension and endowment funds. Raised over $1 Billion in gross assets from new and existing clients.Identified value in the Build America Bond (BAB) program and tax-exempt municipals for the US taxable and global multi-asset and fixed income portfolios that delivered 15% to 20% annualized returns.

Greater Philadelphia Area

Led sales effort in the East Coast for firm's first ever US intermediary business for $500 global asset manager. Target market was RIAs (Registered Investment Advisors), family offices, regional consultants, broker-dealers and variable annuity insurance programs in 23 states.Drove regional sales plan for 17 different investment strategies -- including international, emerging and domestic equities, global and U.S. fixed income, commodities and alternatives offered in 12 U.S. registered mutual funds, institutional vehicles and separate accounts. Generated over $1 Billion in new assets for the firm in both direct UHNW, families, RIAS, consultants and institutional clients.

Greater Philadelphia Area

Senior member of top performing fixed income investment team. Led business development, product management and client relations. Generated more than $3 billion in assets and $8 million in revenues for new product line. Most profitable US investment business for the firm during my tenure. Built relationships with more than 200 new clients including RIAs, family offices, corporate and municipal pension funds and endowments. Team delivered composite performance and yield/income that consistently landed in the top quartile against peers (Evestnet) with short and intermediate municipal funds ranking in the top 10% Lipper peer group and achieved consistent 4 and 5-star ratings from Morningstar. Served as Philadelphia team leader on a successful multimillion dollar project to outsource back and middle office functions to a third party firm resulting in marked improvements in client services.

Greater Philadelphia Area

Senior member of successful fixed income investment team. Led business development, client relations and product management. Assets increased from $1.2 B to over $3 B and added $7 M+ in revenues.Built and managed relationships with more than 50 RIAs, family offices, private bank and trusts, consultants, endowments and foundations. Business had over 200 individual clients.Short and Intermediate municipal bond funds ranked #1 in Lipper peer categories since inception and received 5-star Morningstar ratings.

Wilmington Delaware

Served as senior policy advisor to Governor Thomas R. Carper, by managing the State’s annual strategic plan in economic development, transportation and environmental initiatives covering a $3 billion operating and capital budget. Oversaw multifaceted competitive plan for deregulating the State’s electric utility industry amid controversy and competing interests to ensure taxpayers received high quality, cost-effective service. Coordinated multi-jurisdictional economic revitalization Wilmington’s blighted and abandoned riverfront area. Assisted in the development of the first college tuition saving program (Section 529) for Delaware residents.

Wilmington Delaware

Served as senior advisor to three State Chief Financial Officers responsible for $1.7 billion in revenues and 20,000 employees statewide. Member of the Governor’s Policy and Legislative Committee. Managed department’s internal strategic planning process for $35 million, 300 employee organization. During tenure, State’s bond rating was raised to AAA/Aaa by rating agencies and State cut taxes four consecutive years with balanced budgets and additional debt reduction. Developed and managed the implementation of the State’s 21st Century Fund - a $220 Million long-term investment plan that improved the quality of life for Delawareans and increased the State’s economic competitiveness.

Dover Delaware

Acted as the Governor’s budget analyst for the Department of Health and Social Services — the State’s largest operating agency budget -- $500 Million and 4,000 employee organization.Recommended budget reduction strategies during recession including the closure of State nursing home with minimal impact on State services. Evaluated and recommended health care policy initiatives for Governor, Legislature, Indigent Health Care Task Force and Delaware Health Care Commission.

Political Science

Studied British Politics and interned for the Honorable Jerry Hayes, MP, House of Commons, British Parliament

Mga, Government Administration

Ba, Political Science/Finance