Michael Duggan Email & Phone Number

United States

Davidson, North Carolina, United States

At Davidson Wealth Management, we help build, manage, preserve, and transition wealth for a select group of clients - individual, families, business owners, and institutions. We do so by using a comprehensive approach focusing on the four cornerstones of wealth; Investment Management, Liability Management: Risk Management (through insurance and other asset protection strategies); and through our Wells Fargo affiliates, clients have access to lending and Trust services available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors.Our process begins by listening to our clients. We listen and we learn. We listen to understand our clients' current situation; their past experiences; and the goals and objectives for their future. We then use this information to study, test, analyze, and model strategies to help them achieve their financial goals. We explain those strategies and our recommendations in plan, simple English - no technical jargon. Then, with our client's approval, we implement their plan in an independent, objective, unbiased, and cost-effective manner. We review and evaluate the progress of our clients' plans and make adjustments as material changes occur in the markets and, of course, as changes occur in the lives of our clients and their families. At Davidson Wealth Management, we are a team of 16 wealth management professionals with over 200 years of combined experience in the financial services industry. We have advanced degrees and advanced industry designations. We are part of Wells Fargo Advisors one of the most respected firms in the financial world. Our association allows us access to a broad array of professionals, products and services.

Greater New York City Area

- Over the past 16 years, the advent of the digital age allowed for scalability in trading. I assisted our IT department with implementation of the algorithmic trading across Asia, increasing our volumes and generating alpha performance while reducing transaction costs by 50%.- Daily dialogue with the COO, and other stakeholders, on portfolio strategy and ways to improve our technology use. - Developed the onboarding process for over 100 brokers, using a checklist with the Legal and Compliance, Risk, Operations, and Fund Accounting departments.- Consistently promoted a positive workplace with a team approach and regular cross-training of the trader’s roles by rotating schedules and responsibilities.- Annually evaluated long-term goals of the staff with incentives for their promotion goals and assessed their bonuses- Set up a portfolio system on Bloomberg to monitor and track all the “Best Ideas” from the analyst for the entire firm to track their performance.- Introduced new tools available from Bloomberg’s platform to centralize the best ideas from our analysts. I worked with our IT team to improve the use of our OMS trading platform tools.- Order Management System (OMS) – Implemented the use of Eze Castle software by improving the functionality and ongoing upgrades. One example of this was adding US$ conversation to the platform, allowing for a quicker processing of trades and minimizing errors. This greatly reduced errors and improved speed.- Start-up hedge fund: As the 12th employee hired my mandate was to get the maximum service from our position and reputation in Asia by building relationships with many senior executives through trust, knowledge and prior experience. My extensive trips to Japan and Asia helped to continue old and new senior executive relationships. This opened the door to rare block trading opportunities. This increased our activity in IPOs by 33%.

Greater New York City Area

Singapore

- Recommended and sold financial products including stocks and hedging tools to Institutional clients as well as provided the upsell opportunities by offering the firms’ balance sheet for liquidity.- Worked with our Institutional clients to determine best trading strategies, risk tolerance and other information needed to develop their financial objectives.- Trained new team members on applying due diligence procedures and regulatory mandates.- Increased revenue by crossing stock off-market, capturing both sides of the trade commissions.

Hong Kong

- Analyzed and troubleshoot financial reports for settlements of equity trades, convertibles, and movement of all collateral.- Improved communication with internal trading desks, our brokers and overseas offices, by working in both NY and Hong Kong.- Managed high volumes of financial activity in a fast-paced, risk-based corporate environment while providing liquidity in an illiquid marketplace.

Bachelor'S, Economics

Spanish, Study Abroad Program In Madrid, Spain.