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Contributors

CMG AdvisorCentral publishes approximately 3x a week with news and views on the markets, investing, and portfolio construction for financial advisors. Contributor bios below. Sign up for weekly updates to AdvisorCentral.

  • Steve Blumenthal writes about the markets, investing and economics. See Steve’s bio | See Steve’s stories
  • PJ Grzywacz writes about the global economy. See PJ’s bio | See PJ’s stories
  • Michael Hee writes about due diligence, investment research and market risk. See Michael’s bio | See Mike’s stories

Steve Blumenthal
Founder & CEO
CMG Capital Management Group

Steve Blumenthal, Founder & CEO CMG

Steve Blumenthal founded CMG Capital Management Group, Inc. in 1992 and acts today as CEO and portfolio manager for equity and tactical investment portfolios. Mr. Blumenthal writes frequently on the markets and is the author of CMG’s three newsletters, Trade Signals, On My Radar and The Blumenthal Viewpoint. He recently authored the first in a series of three white papers to help advisors and clients understand Tactical Investment Strategies.

With over 30 years of investment management and industry experience, prior to founding CMG, Mr. Blumenthal worked for Merrill Lynch Institutional, Merrill Lynch Retail and Prudential Securities.

The objective behind all of Mr. Blumenthal’s work is to help advisors build better portfolios by allocating with a long term game plan that is risk sensitive and properly diversified. Mr. Blumenthal is a self-proclaimed “quant geek” with an analytical mind for the markets that helps him connect with everyday investors and industry experts alike. See detailed CMG Capital Management Group team bios.

PJ Grzywacz
President & CCO
CMG Capital Management Group

PJ Grzywacz President, Chief Compliance Officer, CMG Capital Management GroupPJ Grzywacz joined CMG Capital Management Group, Inc. in 1997 where he currently serves as the President and Chief Compliance Officer. Mr. Grzywacz is responsible for all aspects of day-to-day operations at CMG.

Mr. Grzywacz has over 15 years of experience in tactical investments and was previously responsible for the firm’s due diligence and investment research process. Prior to heading CMG’s research team, Mr. Grzywacz coordinated administration, accounting and operations for the firm’s alternative asset strategies.

As President, Mr. Grzywacz guides the firm in building relationships according to the CMG value statement. His positive demeanor, knowledge on the global economy and inquisitive nature helps shape Mr. Grzwacz’s distinctive leadership style. As CMG’s leader, Mr. Grzywacz is a big picture thinker who is eager and able to talk to advisors, work with the research team, offer marketing suggestions and help the firm and its clients surpass their goals across the board. See detailed CMG Capital Management Group team bios.

Michael Hee, FSA, MAAA
Managing Director, Investment Research
CMG Capital Management Group

Capital Management Group, Inc., Mike Hee

Michael Hee, FSA, MAAA, joined CMG Capital Management Group, Inc. in 2009 where he is currently the Head of Due Diligence and Investment Research. His primary responsibilities are to continually improve CMG’s investment strategy offerings as well as all aspects of investment research.  In this role, Mr. Hee monitors and evaluates CMG’s current strategies in addition to performing due diligence on prospective managers and strategies.

Mr. Hee has over 18 years of risk management experience in insurance, finance and business consulting. Prior to joining CMG, Mr. Hee worked as a consulting actuary providing financial risk management solutions for clients.  Mr. Hee is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.

As the firm’s research aficionado, Mr. Hee has an expansive knowledge of the tactical investing space. His background in risk management gives Mr. Hee an exceptional ability to speak to the risk components in a portfolio.  See detailed CMG Capital Management Group team bios.

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CMG ADVISOR RESOURCES

  • Newsletter Sign Up
On My Radar - (weekly Friday) market commentary from Steve Blumenthal, includes Trade Signals View Samples


AdvisorCentral Update - (weekly Monday) Summary of blog posts, market intelligence, and the latest news from CMG View Sample

  • White Paper Series
  • The Total Portfolio Solution:
    Examines CMG’s Enhanced Modern Portfolio Theory (EMPT), which helps avoid the pitfalls of emotional decision-making in portfolio construction.
  • Understanding Tactical Investment Strategies:
    Investors don’t have to sit tight and ride out
    market bumps. This paper describes leading
    tactical approaches and explains how they work.
  • Understanding Correlation & Diversification: Diversification means finding investments with low correlations with traditional stocks and bonds.

 

  • Advisor Educational Series
  • When Beating the Market Isn't the Point
  • Intro to Tactical Investing
  • Intro to ETF Strategists
  • Intro to Correlation & Diversification
  • Merciless Math of Loss
  • Total Portfolio Solution Summary
  • Trend Following Works!

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IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by CMG Capital Management Group, Inc (or any of its related entities-together "CMG") will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. References to specific securities, investment programs or funds are for illustrative purposes only and are not intended to be, and should not be interpreted as recommendations to purchase or sell such securities.
Certain portions of the content may contain a discussion of, and/or provide access to, opinions and/or recommendations of CMG (and those of other investment and non-investment professionals) as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current recommendations or opinions. Derivatives and options strategies are not suitable for every investor, may involve a high degree of risk, and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the risks involved. Moreover, you should not assume that any discussion or information contained herein serves as the receipt of, or as a substitute for, personalized investment advice from CMG or the professional advisors of your choosing. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisors of his/her choosing. CMG is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice.
This presentation does not discuss, directly or indirectly, the amount of the profits or losses, realized or unrealized, by any CMG client from any specific funds or securities. Please note: In the event that CMG references performance results for an actual CMG portfolio, the results are reported net of advisory fees and inclusive of dividends. The performance referenced is that as determined and/or provided directly by the referenced funds and/or publishers, have not been independently verified, and do not reflect the performance of any specific CMG client. CMG clients may have experienced materially different performance based upon various factors during the corresponding time periods.
Hypothetical Presentations: To the extent that any portion of the content reflects hypothetical results that were achieved by means of the retroactive application of a back-tested model, such results have inherent limitations, including: (1) the model results do not reflect the results of actual trading using client assets, but were achieved by means of the retroactive application of the referenced models, certain aspects of which may have been designed with the benefit of hindsight; (2) back-tested performance may not reflect the impact that any material market or economic factors might have had on the adviser’s use of the model if the model had been used during the period to actually mange client assets; and, (3) CMG’s clients may have experienced investment results during the corresponding time periods that were materially different from those portrayed in the model. Please Also Note: Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable, or equal to any corresponding historical index. (i.e. S&P 500 Total Return or Dow Jones Wilshire U.S. 5000 Total Market Index) is also disclosed. For example, the S&P 500 Composite Total Return Index (the “S&P”) is a market capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market. Standard & Poor’s chooses the member companies for the S&P based on market size, liquidity, and industry group representation. Included are the common stocks of industrial, financial, utility, and transportation companies. The historical performance results of the S&P (and those of or all indices) and the model results do not reflect the deduction of transaction and custodial charges, nor the deduction of an investment management fee, the incurrence of which would have the effect of decreasing indicated historical performance results. For example, the deduction combined annual advisory and transaction fees of 1.00% over a 10 year period would decrease a 10% gross return to an 8.9% net return. The S&P is not an index into which an investor can directly invest. The historical S&P performance results (and those of all other indices) are provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual in determining whether the performance of a specific portfolio or model meets, or continues to meet, his/her investment objective(s). A corresponding description of the other comparative indices, are available from CMG upon request. It should not be assumed that any CMG holdings will correspond directly to any such comparative index. The model and indices performance results do not reflect the impact of taxes. CMG portfolios may be more or less volatile than the reflective indices and/or models.
In the event that there has been a change in an individual's investment objective or financial situation, he/she is encouraged to consult with his/her investment professionals.
Written Disclosure Statement. CMG is an SEC registered investment adviser principally located in King of Prussia, PA. Stephen B. Blumenthal is CMG's founder and CEO. Please note: The above views are those of CMG and its CEO, Stephen Blumenthal, and do not reflect those of any sub-advisor that CMG may engage to manage any CMG strategy. A copy of CMG's current written disclosure statement discussing advisory services and fees is available upon request or via CMG's internet web site at (http://www.cmgwealth.com/disclosures/advs).