Chair
Elizabeth Piper/Bach

Vice Chair
John A. Nersesian

Treasurer
Margaret M. Towle

Secretary
Bruce Curwood

Past Chair
John C. Granzow

Director
David Archer

Director
Anthony B. Davidow

Director
Michael T. Dieschbourg

Director
Stewart Koesten

Director
David Koulish

Director
John Moninger

Director
Kevin Sánchez

Director
Scott G. Thayer

Elizabeth Piper/Bach, JD, CIMA^®, CFP^®, CTFA
NADA Retirement Administrators, Inc.

Elizabeth (Betsy) Piper/Bach began serving a two-year term as IMCA treasurer in 2010. Ms. Piper/Bach previously served as secretary for three years, vice-president for two years and as a member of the IMCA Finance, Audit, and Investment Committee; the Personnel Committee; the Certification Committee; and the Investments & Wealth Monitor Editorial Advisory Board. She brings a wealth of industry experience to the organization, especially in investment and trust services.

Ms. Piper/Bach is vice president and chief operating officer for NADA Retirement Administrators, Inc. in McLean, Va. Prior to joining NADA, she was president of Cardinal Wealth Management, which was comprised of an RIA, a broker-dealer, and a trust company subsidiary. She has been an active member of the Securities Industry Association, the National Capital Area Chapter of the Financial Planning Association, the American Bankers Association, and American Bar Association.
Ms. Piper/Bach earned a BS in special education from St. Cloud University, an MEd from George Washington University, and a JD from The Catholic University of America Columbus School of Law. She has been a member of the New York Stock Exchange Item Writing Committee, an active member of the Securities Industry Association, the Financial Planning Association, the American Bankers Association, and American Bar Association. She is a director of the board of AdvisorShares, Inc.

John A. Nersesian, CIMA^®, CPWA^®, CIS, CFP^®
Nuveen Investments

John Nersesian began serving on IMCA’s board of directors in 2006. He is chair of the IMCA Advanced Wealth Management conference task force, and serves on the IMCA Wealth Management Committee.

Mr. Nersesian is managing director of wealth management services at Nuveen Investments, where his group provides wealth management and practice development education and consulting support to advisors. His experience includes work as a financial advisor to corporate executives, affluent families, and nonprofit organizations. Mr. Nersesian previously was a first vice president at Merrill Lynch Private Client Group, where he was a leader in comprehensive wealth management strategies and business development practices training. Mr. Nersesian earned a BS in business and economics from Lehigh University. He frequently contributes to the Wall Street Journal, Bloomberg, and other media outlets.

Margaret M. Towle, Ph.D., CPWA^®
HighTower Advisors

Margaret Towle began serving on IMCA’s board of directors in 2009. She is editor-in-chief of the Journal of Investment Consulting, and former chair of both IMCA’s Advisory Council and the Investments & Wealth Monitor editorial advisory board.

Ms. Towle is a partner and managing director with HighTower Advisors in Bainbridge Island, WA, where she provides financial advisory services for a select number of endowments and wealthy families. She also serves on HighTower’s Group Investment Services Steering Committee, which oversees the firm’s broad investment capabilities. Previously she was a managing director with Greycourt & Co., where she oversaw research and development across traditional and alternative asset classes. Before that she was executive vice president and chief investment officer for Northern Trust Global Advisors. Ms. Towle was selected as a Fellow by the Kauffman Foundation to attend the Center for Entrepreneurial Leadership and was the recipient of IMCA’s 2006 Stephen L. Kessler Writing Award. She is a member of the Greenwich Roundtable, a founding board member of the Center for Women and Democracy at the University of Washington, and an angel investor in 100 Women in Hedge Funds. Ms. Towle earned BA, MA, and Ph.D. degrees from the University of Washington-Seattle.

Bruce Curwood, CIMA^®, CFA^®
Russell Investment Group

Bruce Curwood joined IMCA’s board of directors in 2010. He serves on IMCA’s Journal of Investment Consulting and Investments & Wealth Monitor editorial committees.

Mr. Curwood is the director of investment strategy at Russell Investment Group in Toronto, ON. He joined the Russell Investment Group in 1995 as a strategic consultant. He has extensive experience as a fiduciary and plan sponsor administrator. With more than 25 years’ experience in asset management, he has worked in various organizations within the corporate and educational sectors. His current responsibilities at Russell relate primarily to research, strategy, and client service. Immediately prior to Russell, Mr. Curwood served for five years as the first treasurer of the University of Toronto, where his responsibilities included the direct and indirect management of more than $2 billion of assets. He received IMCA’s Stephen L. Kessler Writing Award in 2001 and 2008. He earned a BComm in economics from the University of Toronto and an MBA from York University.

John C. Granzow, CIMA^®, CPM
Wells Fargo Advisors, LLC

John Granzow began serving a two-year term as IMCA’s president in 2010. He has served as IMCA’s treasurer and chaired the membership and specialty conference committees.

Mr. Granzow serves clients as a Managing Director—Investments at Wells Fargo Advisors, LLC in Charlotte, NC. Previously, he co-founded and was president of a national brokerage and consulting firm. He serves as an investment advisory board member for the Salvation Army–Southern Territory, is a member of the Charlotte Economic Club, and serves as board member for the Salvation Army in Charlotte, NC. Mr. Granzow earned a BA in finance from Western Michigan University and graduated from The Business Securities Institute offered from The Wharton School.

David Archer, CIMA^®, AIFA^®
Nuveen Investments

David Archer began serving on IMCA’s board of directors in 2010.

Mr. Archer is a managing director of RIA and family office distribution for Nuveen Investments. Prior to joining Nuveen he was national director of sales for managed accounts and alternative investments at Schwab Advisor Services. He spent nine years as vice president of the managed accounts consulting group at Prudential Financial. Before Prudential, Mr. Archer was the senior analyst for PaineWebber’s Managed Accounts Services. He earned a BA from the University of Michigan and an MBA from San Francisco State University.

Anthony B. Davidow, CIMA^®
Guggenheim Investments

Anthony (Tony) Davidow began serving on IMCA’s board of directors in 2009. He has served as the chair of IMCA’s National Conference Committee.

Mr. Davidow is a managing director—portfolio strategist for Guggenheim Investments. He previously held the same position at Rydex | SGI. Additionally, he was executive vice president and head of distribution for IndexIQ, in Rye Brook, NY. Mr. Davidow was responsible for building and managing IndexIQ’s distribution business. IndexIQ is an innovative provider of index products, whose flagship products are a series of hedge fund replication solutions. Prior to joining IndexIQ, Mr. Davidow was managing director and director of sales and training for Morgan Stanley’s Consulting Services Group. He joined Morgan Stanley in 1995, but began his career over 25 years ago working for a family office. Mr. Davidow specializes in developing and implementing appropriate investment strategies for institutions and high-net-worth families. He is a frequent industry speaker on this topic, and has authored several white papers on investment trends and opportunities. Mr. Davidow earned a BBA in finance and investments from Bernard Baruch University.

Michael T. Dieschbourg, CIMA^®
BROADMARK Asset Management

Michael Dieschbourg began serving on IMCA’s board of directors in 2009. He has also served on IMCA’s Specialty Conferences Committee.

Mr. Dieschbourg is managing director at BROADMARK Asset Management. Previously, he was president and chief executive officer of Global Currents Investment Management, a global and international equity firm that is a wholly-owned subsidiary of Legg Mason, in Wilmington, DE. Mr. Dieschbourg spent three years in the fund-of-hedge-funds marketplace with Silver Creek, LLC, and Meridian Capital Partners, and was previously the national director of Smith Barney’s Consulting Group. Mr. Dieschbourg has significant experience working with retirement plans, family offices, endowments, foundations, hospitals, and associations. He has taught finance courses at the University of New Orleans and Southern University of New Orleans, and has published articles in national magazines. Mr. Dieschbourg earned a BBA from Loyola University of Chicago and has served on the boards of many volunteer organizations, including the International Association of Financial Engineers and the Delaware Governor’s Task Force for Financial Independence.

Stewart Koesten, CIMA^®, M.S.F.S., CLU^®, ChFC^®, CFP^®, AIF^®, AEP
KHC Wealth Management

Stewart Koesten is chair of IMCA’s Membership Committee.

He is executive chairman at KHC Wealth Management in Overland Park, Kan. He oversees investment management, including creation of investment policy statements, auditing client accounts, monitoring performance and recommending investments. Mr. Koesten also serves as the chief compliance officer, and has more than 25 years of experience as a wealth management advisor. In addition to his IMCA participation, he has served on the board of directors of the International Association for Financial Planning/Financial Planning Association.

David Koulish, CPWA^®
Northern Trust

David Koulish serves on IMCA’s Wealth Management Committee, the Membership Committee, and the Editorial Advisory Board of Investments and Wealth Monitor.

He is a senior vice president and chief investment officer at Northern Trust in Vero Beach, FL. Mr. Koulish has more than 30 years of experience in portfolio and wealth management focusing on the development and implementation of strategies to help clients achieve their goals of transferring, preserving and growing wealth. Prior to joining Northern Trust in 1993, Mr. Koulish was a senior vice president and portfolio manager at Key Trust Company of Florida in Orlando.

Mr. Koulish has a bachelor of science degree in business administration and an MBA, both from the University of Central Florida. He is a member of the CFA Institute and the Financial Planning Association.

John Moninger, CIMA^® , CPWA^® , AIF^®
LPL Financial

John Moninger has served on several IMCA committees since he joined the association in 1996.

He is executive vice president for advisory and brokerage consulting services for LPL Financial in San Diego, Calif. He is responsible for the firm’s advisory and brokerage platforms, its wealth-management services for ultra-high-net-worth and high-net-worth clients, and a team of consultants that supports LPL financial advisors with product and platform expertise.

Kevin Sánchez, CIMA^®, CFP^® , MBA
UBS Institutional Consulting

Kevin Sánchez serves as chair of the IMCA Annual Conference Committee.

He is a senior institutional consultant with UBS Institutional Consulting in Walnut Creek, Calif. He works with boards of nonprofit organizations, foundations, and endowments on prudent investment policies, portfolio design and implementation, and fiduciary liability review. His experience includes comprehensive wealth management for affluent families, and he lectures frequently on this topic.

Scott G. Thayer, CIMA^®
Graystone Consulting at Morgan Stanley Smith Barney

Scott Thayer began serving on IMCA’s board of directors in 2008. He has also served on IMCA’s Endowments and Foundations Committee and Practice Management Committee.

Mr. Thayer also taught in the Endowments and Foundations Certificate Program and CIMA Level II Program. He has contributed regularly to Investments & Wealth Monitor and the Journal of Investment Consulting. Mr. Thayer is currently senior vice president–investments and institutional consulting director for Citi Institutional Consulting in Santa Rosa, CA, where he started in 1983. His office focuses primarily on middle market foundation and endowment clients. Previously, Mr. Thayer taught within the Department of Finance at Chico State University, CA. Mr. Thayer earned a BS in finance from California State University, Los Angeles, and a MBA in finance from California State University, Chico. He is a member of the board of directors of the Association of Professional Investment Consultants (APIC) and is a frequent lecturer and speaker.