People
Meet The
FAS Team
Jeffrey D. Sickler
Co-founder & Director, Fiduciary Advisor Solutions
- Holder of FINRA Series 7, 24, 63 and 65 Licenses
- 25+ years as a financial consultant and fiduciary
Jeffrey D. Sickler
Co-founder & Director, Fiduciary Advisor Solutions
- Holder of FINRA Series 7, 24, 63 and 65 Licenses
- 25+ years as a financial consultant and fiduciary
Jeff began his investment career in 1996 as a broker at Prudential Securities. He developed a fiduciary practice in 1997, focusing on defined contribution plans such as 401k, 403b, and 457 plans, while also handling select individual advisory accounts. Jeff saw how herd mentality and institutional inertia and constraints led much of the industry to employ underperforming allocation models. As a fiduciary, he was obligated to do better. He became absorbed in the analytics of what did and did not work in in asset allocation. He understood early on that a well-articulated, data-driven process was essential for managing wealth. Without one, the financial advisor was left to follow the herd into mediocrity or worse. By the late 1990s, Jeff had developed his own investment strategy and process, with its innovative Macro-Micro Portfolio Architecture™. It guided his fiduciary practice. Jeff partnered with Eric and Jim to form FAS to bring the Macro Micro Allocation Models to the broader marketplace.
James A. Clayton, Jr.
Co-founder & Director, Fiduciary Advisor Solutions
- Former Vice President – Legal & Human Resources and Secretary of Instrumentation Laboratory, a developer of in vitro diagnostic medical devices
- Fiduciary of his company's DB and DC plans
James A. Clayton, Jr.
Co-founder & Director, Fiduciary Advisor Solutions
- Retired Vice President – Legal & Human Resources and Secretary of Instrumentation Laboratory, a developer of in vitro diagnostic medical devices
- 40 years’ legal experience, including counseling clients in medical devices and computer systems industries
Jim started his professional career as an electrical engineer engaged in design of computer systems before changing to the legal profession. Jim served as chief legal officer and chief human resources officer for his medical devices company. In his role as Vice President – Legal and Human Resources, Jim was the senior executive responsible for design and administration of the company’s defined benefit and defined contribution employee retirement plans as well as compensation, benefits and other human resources concerns. Jim also served as an Assistant Attorney General, Commonwealth of Massachusetts in the Consumer Protection Division. Jim partnered with Eric and Jeff to form FAS to bring the Macro-Micro Allocation Models™ to the broader marketplace.
William P. Wohlfarth, PE
Member, Advisory Board, Fiduciary Advisor Solutions
- Registered Professional Engineer - Retired
- 40 years’ experience in engineering, design and construction of electric generating stations and power distribution systems - nuclear, fossil fuel, & solar power industries
William P. Wohlfarth, PE
Member, Advisory Board, Fiduciary Advisor Solutions
- Registered Professional Engineer - Retired
- 40 years’ experience in engineering, design and construction of electric generating stations and power distribution systems - nuclear, fossil fuel, & solar power industries
In addition to his vast engineering experience, Bill has taught Project Management: Office of Employee Development – MIT, Cambridge; served as Staff Instructor – MIT Charm School; and taught MIT Independent Activity Period – hands on trading course “Futures & Options”. He is Former State President: Massachusetts Society of Professional Engineers. Bill is also author of Electrical Controls and Instrumentation published by the Electric Power Research Institute. He has performed volunteer work for United Way and Shriners Hospitals for Children.
Michael D. Goldberg
Investment Committee Member, Fiduciary Advisor Solutions
- Ph.D. in Economics, New York University, 1991
- B.S. in Business and Economics, 1980
- Senior Research Associate, Institute for New Economic Thinking (INET), 2011-2015
Michael D. Goldberg
Investment Committee Member, Fiduciary Advisor Solutions
- Ph.D. in Economics, New York University, 1991
- B.S. in Business and Economics, 1980
- Senior Research Associate, Institute for New Economic Thinking (INET), 2011-2015
- Professor of Economics, Peter T. Paul College of Business and Economics, University of New Hampshire
- University Awards: Outstanding Graduate Faculty Mentor (2015), Outstanding Associate Professor (2008), and Faculty Scholar (2004)
- College Awards: Excellence in Research (2008) and Todd H. Crockett Professor of Economics (2012-2019)
Mike has written extensively in the fields of International Finance and Macroeconomics. His columns on asset price fluctuations and policy reform have been published by leading newspapers in more than 50 countries, including the Financial Times, Times of London, The Guardian, Die Welt, The Shanghai Daily, The Japan Times, and La Tribune. His bestselling books, Imperfect Knowledge Economics: Exchange Rates and Risk (Princeton University Press, 2007) and Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State (Princeton University Press, 2011), propose a new approach to asset markets that recognizes the unknowability of macro change. Beyond Mechanical Markets was a finalist for the 2011 TIAA-CREF Paul A. Samuelson Award. The book was also one of the Financial Times non-fiction favorites of 2011, commended by its chief economics commentator, Martin Wolf. James Pressley of Bloomberg News also selected it as a top business book of 2011. Beyond Mechanical Markets has been translated into Chinese, Italian, Polish, French, and German. Imperfect Knowledge Economics has been translated into Chinese and Polish.
Nicholas Mangee
Investment Committee Member, Fiduciary Advisor Solutions
- Ph.D. in Economics, University of New Hampshire, 2011
- B.A. in Economics/Mathematics, St. Lawrence University, 2006
- Research Associate, Institute for New Economic Thinking (INET), 2012-present
- Associate Professor of Finance, Parker College of Business, Georgia Southern University
- Professional Awards: Outstanding Faculty Award (2017)
Nicholas Mangee
Investment Committee Member, Fiduciary Advisor Solutions
- Ph.D. in Economics, University of New Hampshire, 2011
- B.A. in Economics/Mathematics, St. Lawrence University, 2006
- Research Associate, Institute for New Economic Thinking (INET), 2012-present
- Associate Professor of Finance, Parker College of Business, Georgia Southern University
- Professional Awards: Outstanding Faculty Award (2017)
Nick has written a highly anticipated book, How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats (Cambridge University Press, 2021), standing as the first comprehensive empirical treatment of narrative dynamics in the stock market. His book on narrative finance applies big-data textual analytics to millions of financial news reports produced by Dow Jones & Co. and its subsidiaries over the past two decades. Findings show how non-repetitive events trigger unforeseeable change in processes driving stock market outcomes and how story threads help investors deal with uncertainty about the future. Nick has also published in the areas of imperfect knowledge, history of thought and structural change with the aim of deepening our understanding of stock market instability in response to a wide array of market events. His research has also received attention from financial press outlets such as The Economist and Bloomberg News and has been featured prominently in Frydman and Goldberg’s book Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State – a 2011 finalist for the Paul Samuelson Prize. Nick teaches Portfolio Analysis and Investments at the undergraduate level and Financial Analysis in the MBA program.