Tactical Asset Allocation

Michael Smith, Avatar colleagues and affiliates designed the DOL’s SunAmerica Advisory, the fully discretionary 401(k) business methodology codified in the PPA.  As an architect of “autopilot 401(k),” he helped develop the managed investment programs of AIG, NYL and JPMorgan. Mike is responsible for bringing Avatar’s tactical ETF allocation programs to the retirement plans market.   Mr. Smith began his career at Wells Fargo and TCW.  He attended UCLA, the London School of Economics and Notre Dame.

About The Update:
The Tactical Update will track the re-emergence of tactical managers who follow prudent and identifiable methodologies. The analysis will focus on managers who identify inflection points, buying triggers and remain free of ERISA conflicts, including PPA Section 624 (prohibits marketing timing transfers from all equities to cash and back).