Nick Carver

About Nick Carver

In 2004 I joined with several associates with varying areas of expertise in trust administration and investment management to start Legacy Private Trust Company. Our headquarters is in Neenah, Wisconsin, but I work in Milwaukee three days each week. I was most excited about this opportunity since I was charged with developing, from the ground up, the total array of investment services our firm would offer. This includes active equity (common stock) and fixed income (bond) management and we were pioneers in the use of Exchange Traded Funds for total portfolio solutions and as a completion strategy, complementing other assets in a portfolio. I am most proud of two pieces of original research and development that have turned into successful product/services at Legacy. First, from the beginning in 2004, we utilized a cash flow approach to asset allocation. Drawing on the concepts used in immunized bond portfolios, we determine the appropriate asset allocation for clients by viewing their future cash needs as a liability that needs to be funded today. Using a proprietary Equity Expected Return model allows us to determine the appropriate mix of stocks and bonds needed to \"defease\" the cash flow liability. A client\'s risk tolerance becomes a matter of asking the client \"How much certainty do you want about the future?\" Second, in early 2007, reflecting our concern about the global financial situation, we saw the need for a more tactical investment product. We decided to use four asset classes (US Equity, Foreign Equity, US Fixed Income and Alternatives) in an unconstrained manner, meaning at any point the entire portfolio could be invested in any one of those asset classes. By Summer 2007 we had back-tested the strategy and started investing client money in our Strategic Asset Allocation portfolios. In the almost three years since inception the results have been outstanding, in absolute and risk-adjusted terms. Specialties: Cash Flow Driven asset allocation Exchange Traded Fund management Equity and Fixed Income investment management

Experience

1. Vice President, Director of Investment Services

   Legacy Private Trust Company

   Feb 2004 — Present

   Legacy Private Trust Company is a multi-disciplined, independent and unbiased provider of superior asset management, trust and planning services, focusing on successful individuals and families.Our philosophy is simple: provide you with extraordinary financial management through proprietary solutions to meet your needs. When appropriate, we partner with leading financial providers in areas that compliment our core strengths.Legacy differentiates itself by its accomplished professionals who deliver client-focused solutions and services. Our creative planning and investment process yields exceptional, long-term returns for our clients.

Education

• Wheaton College

  Psychology/Philosophy

  1973 — 1975

• University of Wisconsin Law School

  Doctor of Law (J.D.)

  1977 — 1979

• University of Wisconsin-Madison

  BA

  1975 — 1977