Steven Devito Email & Phone Number

Waco, Tx, Us

Waco, Texas Area

30 years' experience Institutional Trading & Bond Portfolio Management, Asset-Liability Analysis, Balance sheet & Growth Strategies for Pensions, NDT, Banks, Credit Unions, Insurance companies.What I do: Portfolio Manager, Bond Trader. Cash Flow match Pension benefit payments or NDT Liabilities.How I do it: Pension or NDT management is about Assets versus Liabilities not about Assets vs Assets. The objective of a retirement plan is to fund benefits when due not to beat a generic market index.Design Custom Liability Driven Investment Strategies for Pensions. (LDI). Build Custom Liability Indexes (CLI) and Bond Portfolios that Cash Flow Match Liabilities for Defined Benefit Pensions and Nuclear Decommissioning Trusts (NDT).Whom I work with: Private and Public Defined Benefit Plan Sponsors, Insurance Companies, and Energy Companies with Nuclear Decommissioning Trusts.Many Plan Sponsors have chosen inappropriate Benchmarks, which leads to inappropriate Asset Allocation, Benefits, and Contribution decisions. This leads to Funded Ratio and Funded Status Volatility. When the Funded Ratio goes down Contribution Costs go up. It all Links.More about Steve:Published in: "U.S. Banker" and "Credit Union Executive Society" magazines on investments, interest rate risk management, asset-liability management, balance sheet strategies, and regulatory issues.Invited educational speaker: Ohio Treasurer of State's Center for Public Investment Management Advanced Institute (CPIM) to educate Ohio public funds managers on investment products and portfolio strategies.Invited speaker at Bloomberg LP: Educated Bloomberg sales and products development teams about how Bloomberg LP may provide better services and products to their customers.Invited Speaker: Investment Management Institute (IMI) 2018 Nuclear Decommissioning Trust forum in Atlanta, GA. Asset-Liability Management and investment management for future Decommissioning of Nuclear Energy plants.

Waco, Texas Area

What I do: I help people eliminate the three biggest killers of retirement saving and wealth accumulation, and secure an income that they can't outlive in retirement.Retirement planning: I help people coordinate 401K, IRA, Pension, investments, and Insurance assets in a tax efficient way so they work together to maximize growth and minimize market risk, tax risk, and Longevity risk. How I do it: Free consultation to understand the facts and circumstance of your situation.I take an educational approach to help people become more aware of the risks they need to manage and solutions available to them that their advisers may not be making them aware of that will improve their current approach to Retirement planning.I bring my institutional-caliber investment, insurance, and banking expertise to bear on the advice and service I provide to people who need help with Retirement and College savings planning.My experience has taught me that Tax-Advantaged Life Insurance and Annuity products can solve problems that investment accounts alone cannot. A good financial plan needs more than one tool in the toolbox.More about Steve:Published in: "U.S. Banker" and "Credit Union Executive Society" magazines on investments, interest rate risk management, asset-liability management, balance sheet strategies, and regulatory issues.Invited educational speaker: Ohio Treasurer of State's Center for Public Investment Management Advanced Institute (CPIM) to educate Ohio public funds managers on investment products and portfolio strategies.Invited speaker at Bloomberg LP: Educated Bloomberg sales and products development teams about how Bloomberg LP may provide better services and products to their customers.Invited Speaker: Investment Management Institute (IMI) 2018 Nuclear Decommissioning Trust forum in Atlanta, GA. Asset-Liability Management and investment management for future Decommissioning of Nuclear Energy plants.

New York - California

My Primary Clients: Banks and Credit Unions. What I did: Show Banks and Credit Unions ways to improve net income, manage interest rate risk, make more informed decisions about investment selections, and grow market share in loans and deposit. How I did it: Total balance sheet approach to investing using Asset-Liability Management analysis to build portfolios that would complement the Banks loan and deposits mix and manage risk. ALM is as much an art as it is a science. Experience is key.Results: Achieved their earnings and business objectives and improved their competitive position.Published in "U.S. Banker" and "Credit Union Executive Society" magazines as a recognized authority on asset-based finance, finance industry trends & innovations, interest rate risk management, balance sheet strategies, and regulatory issues.Teacher-Communicator: Educated and trained both colleagues and customers about complex mortgage and asset-backed securities, loan packages, and non-securitized Alternative investments.Financial modeling, structuring, and sales of residential and commercial mortgage securities, loan participation's, Aircraft leases, Taxi Medallion loans, U.S. Department of Agriculture (USDA) Land Conservation leases, U.S. Department of the Interior - Bureau of Indian Affairs Native American loans, Tobacco settlement escrows, and Corporate debt financing.