PORTFOLIO DIVERSIFICATION OPTIMIZER
Precision Fiduciary Analytics &
THE INSTITUTE FOR PORTFOLIO DIVERSIFICATION
Precision Fiduciary Analytics (PFA), and now THE INSTITUTE FOR PORTFOLIO DIVERSIFICATION, is a solutions-driven fiduciary consulting firm co-founded by Stewart Frank, CPA/PFS, AIFA, and Ben Vernazza, CPA/PFS, TEP (UK) Emeritus. PFA scales proprietary Ph.D. analytics to portfolios of all sizes to assist fiduciaries and their professional investment advisers with quantifying and managing uncompensated risk within a portfolio’s existing allocation structure and documents that the amount of uncompensated risk remaining inside of a portfolio has been sufficiently reduced by diversification to comply with fiduciary standards. PFA’s proprietary methodology also plays an essential role in resolving breach of fiduciary duty and securities litigation disputes.
PFA’s precision and analytic methodology was developed by Frank while consulting in more than 40 breach of fiduciary duty cases over the past decade. PFA’s co-founder, Vernazza was an investment advisor for 40 years and served on numerous AICPA committees including the investment committee charged with fiduciary responsibility of the institute’s pension and health plans serving their 350,000 members.
About Co-Founder Stewart Frank, CPA/PFS, AIFA
PFA’s precision analytic methodology was developed by the company’s founder, Stewart Frank. Frank perfected this methodology while consulting in numerous breaches of fiduciary duty cases over the past twelve years. His dedication to the investigation, analysis, and solving litigant problems led him to develop this system as a means to help trustees, other fiduciaries, and their professional advisers avoid legal disputes over diversification compliance issues.
Stewart is a graduate of the Ross School of Business, University of Michigan and has been a CPA for 57 years. For the past 14 years, he has specialized in the field of Prudent Investor Compliance valuation. During this time, Stewart has provided expert opinions in more than 40 breach of fiduciary cases for both plaintiffs and defendants. He is a recognized expert in fiduciary compliance, having recently contributed content for two handbooks on fiduciary best practices, published by FI360. He also served as a Special Consultant on Fiduciary Matters to the Fiduciary Task Force of the American Institute of CPA’s (AICPA) Personal Financial Planning Executive Committee during their technical review of their handbooks. He is a frequent speaker at meetings of judges, attorneys, CPA’s, trustees, RIAs, stockbrokers, Certified Financial Planners, and not-for- profit board members on the subject of fiduciary compliance. Stewart was also a founding member of the Overseas Oversight Group in 1998 and founded Precision Fiduciary in 2013.
About Co-Founder J. Ben Vernazza, CPA/PFS, TEP (UK) Emeritus
Ben has been a CPA for 59 years and was an investment adviser for 40 years. He is a graduate of Stanford University with a BA in Economics and a joint MA from the Stanford Business School and the Food Research Institute where he was coached by his mentor, Professor Dr. Karl Brandt, a member of President Eisenhower’s Council of Economic Advisers. Ben received the Private Sector Initiative Commendation from President Ronald Reagan in 1984.
He was the founder of The Overseas Oversight Group in 1998 that has oversight responsibilities as protector of overseas trusts and companies, as well as starting three other financial advisory organizations. He sold his investment advisory business in 2012 and co-founded PFA with Stewart Frank in 2014.
He served four-year terms on committees of the American Institute of CPAs including the Investment Committee that had oversight over the pension and health plans of the employees of this 350,000 member organization. He is a past chairman of the AICPA special task force on International Tax Reporting Requirements. Prior to these nationwide professional assignments, he participated actively in California CPA Society Committees. Additionally, he served on the asset protection committee of the American Bar Association and as a member of the Probate and Trust Division.