ROBERT G. SMITH, III

Bob Smith received his M.B.A. in Finance from New York University Stern School of Business, is an Accredited Investment Fiduciary (AIF) and Certified Investment Management Consultant (CIMC). He has over 30 years of domestic and international portfolio management and institutional research experience. Bob began his professional career at Moody’s Investors Service as a member of the Corporate Bond Rating Committee; he then went on to Loeb, Rhodes & Co. to cover the insurance industry in the Institutional Equity Research Department. After this assignment, he worked at Merrill Lynch & Co. as a Managing Director over 14 years in a variety of institutional research, trading and portfolio management roles in New York and London. During this period, he worked at the Saudi Arabian Monetary Agency as a Resident Financial Advisor in Riyadh responsible for managing the foreign reserves of the Central Bank. After his time at Merrill Lynch, Bob became Executive Vice President and a senior member of the Investment Committee at Smith Affiliated Capital in New York until 1996. In late 1996, Bob exercised his entrepreneurial spirit and founded Sage Advisory Services Ltd. Co., an independent registered investment advisory firm based in Austin, Texas. The firm currently manages over $7 billion of institutional assets, offers a variety of products or services and is the largest independent investment advisory firm in Austin as well as one of the largest in Texas. Bob is a member of the Fixed Income Analysts Society (FIASI), Investment Management Consultants Association (IMCA) and Center for Fiduciary Studies. He is a former Director of the Visiting Nurse Service of Suffolk County, N.Y. and served as a member of the Suffolk County Financial Control Board in 1993 and 1994. Bob’s investment research and market comments has been featured in a wide variety of media and publications including the Wall Street Journal, New York Times, Grant’s Market Observer and Bloomberg Business News Services. He is a past recipient of the Stephen L. Kessler Award from the Investment Management Consultants Association. He has made numerous presentations to institutional investors and consultants on asset/liability management strategies, performance benchmarking, asset allocation and portfolio management..

Steve Pomerantz, Ph.D.

Steve Pomerantz is the president of Steve Pomerantz LLC. The firm provides investment management consulting and litigation support on cases involving, investment management fees and practices, tax shelter analysis, securities and investment related damages, investment performance and suitability, event studies, asset allocation and asset-liability analysis and options, derivatives and swap valuation. Steve Pomerantz holds a Ph.D. in mathematics from the University of California at Berkeley and has over twenty years of experience in investment research, financial modeling, derivative structuring, portfolio, asset-liability and risk management. Dr. Pomerantz has been qualified as an expert witness in securities related matters in various jurisdictions, providing both consulting and testifying litigation support. His experience in litigation has been in cases involving, trust management, investment suitability, derivative valuation, investment strategy analysis, economic damages, tax shelter economic substance, mutual fund fees and investment industry practice. The firm is often called upon to use sophisticated mathematical techniques to develop models for valuation and suitability analysis. Dr. Pomerantz is well versed in applications of operations research, statistics, probability and time-series analysis to provide solutions within a variety of assignments. Strong verbal and communication skills enable Dr. Pomerantz to reduce complex securities, investments and financial topics to simple and accurate frameworks. He has taught as an adjunct professor at the undergraduate and graduate level in such courses as statistics, probability, operations research and finance. He has over twenty years of experience in the investment management industry serving a variety of firms and clients in areas as diverse as derivative structuring, quantitative research, portfolio and risk management. This experience coupled with his academic training provides a perspective that is grounded in scientific rigor yet possesses the practical realities of how the investment management business operates.

Robert H. Silbering

Robert Silbering is President of Forensic Investigative Associates, Inc. (FIA). He directs all investigations and intelligence services resulting from T&M’s Protection Resources acquisition of  FIA in March, 2004. Under Bob’s direction, T&M’s new FIA Division specializes in corporate due diligence, fraud and forensic investigations, litigation support, court-appointed monitorships, cyber-crime, risk analysis and global intelligence services. Prior to his becoming President of FIA, Mr. Silbering was Special Narcotics Prosecutor for New York City and a Trial Bureau Chief for the New York County District Attorney’s Office – one of the most respected prosecutor’s offices in the country. He has managed hundreds of lawyers, case managers, and investigators and supervised thousands of cases and grand jury investigations.

Thomas L. Sheer

Thomas L. Sheer, a former Assistant Director of the Federal Bureau of Investigation, is an internationally recognized expert in law enforcement, counter-terrorism, crisis management, competitive intelligence and internal regulatory compliance. Mr. Sheer gained his expertise during 28 years of service in the FBI and the United States Marine Corps. He rose to the top position of the FBI’s Inspection Division, overseeing the integrity and managerial effectiveness of the Bureau’s operations in 59 field offices, 11 HQ divisions and 14 overseas operations. A significant portion of his FBI career was spent in the New York Office where he rose to the position of Assistant Director in Charge and where he was responsible for more than 1,200 agents and 5,000 support staff. He oversaw many complex and highly publicized cases, and supervised the design and implementation of a strategic plan that resulted in the arrest and conviction of the leadership of New York’s five organized crime families. Mr. Sheer was awarded the FBI Medal of Valor. Upon retirement from the Bureau, Mr. Sheer worked in the private sector for W.R. Grace and Company and Mirage Casinos and Resorts amongst others. Mr. Sheer is principal of his own firm, Sheer and Associates Inc., based in Palm Beach, Florida.

Allen Engerman

Allen Engerman founded the National Center for Retirement Benefits, Inc. (NCRB) in 1993 and has been and is its Chief Executive Officer. He has dedicated himself to resolving pension problems and his company is the only one in the country that secures correct pension benefits in compliance with the law and pension plan documents. Allen graduated from the University of Illinois in 1955 with a bachelors degree and received his law degree from the University of Chicago Law School in 1958 He went on to have a distinguished career as a prosecutor handling major felony cases, including complex fraud and securities cases in Cook County, Illinois. Working in the private sector, Mr. Engerman has represented corporations and individuals, including attorneys and accountants for over half a century and is a fellow in the American Academy of Forensic Sciences. He is admitted to practice law in Illinois and Florida and has been involved in many major ERISA litigation cases exclusively in the federal courts throughout the United States.

Stephen J. Lansing

After working with the Northwestern Mutual as an agent immediately after college, Steve started a pension administration firm in 1981.  During the following twenty two years he worked as a consultant for CPI Qualified Plan Consultants, Kruse, O’Connor and Ling and Gabriel, Roeder, Smith & Company. In February 2003 Steve started Sentinel Fiduciary Services and subsequently sold his firm to The Bogdahn Group in January 2006. His employment with The Bogdahn Group ended on December 31, 2008; he is now self employed. Steve has a Bachelor of Science Degree in Agricultural Economics from the University of Wisconsin at Madison.  He’s a Charter Life Underwriter (CLU), and a Certified Employee Benefit Specialist (CEBS), a designation conferred by the Wharton School of the University of Pennsylvania in conjunction with the International Foundation of Employee Benefits.  Until October of 2008 he held the Certified Investment Management Consultant designation conferred by the Investment Management Consulting Association.  He has completed the “Callan College” Center for Investment Training course and Stanford University Law School’s Fiduciary College. He has also attended the Wharton School of the University of Pennsylvania’s Pension Funds and Money Management Program.  He has completed the Center for Fiduciary Studies’ Consultants Certification Course in conjunction with the University of Pittsburgh. He has served as an expert witness in Federal Court in matters regarding ERISA litigation.

GERALD A. GORAY

Gerald A. Goray has been actively involved in the real estate development business for over twenty-five years. He began his career in 1966 as a real estate attorney in Michigan representing several large banks with the respect to their real estate and financing matters. He then served as the chief Michigan counsel to the U.S. Department of Housing and Urban Development with legal responsibility for HUD Housing Programs. In 1973 Mr. Goray began developing in Detroit, Mi. for his own account. As principal shareholder and President, Mr. Goray incorporated Goray Development Co. in 1974 to provide real estate development and management services in connection with his various projects. Since then, Goray Development Co., Gerald A. Goray and affiliates have been involved in the development of thousands of residential housing units, including leading edge “Energy Efficient and Environment Friendly” communities. Goray has also developed as a principal well over a million square feet of commercial space in Florida, Michigan and New England; including 12 premier self-storage projects and 5 luxury assisted living facilities. The various projects developed by Goray have been highly successful combining award-winning designs with excellent economic results. In particular, the Goray developments have been very cost-profit effective and at the same time architecturally superior, consumer responsive and with a positive impact on the local community. Such developments include: (i) award winning home communities like the Aviary in W. Palm Beach, Fl, (ii) affordable apartment complexes including Cocoa Lakes Apts. in Cocoa, Fl, iii) rehabilitated vintage structures (converted into modernized senior citizen housing facilities), for example, Field Apts., Detroit, Mi, (iv) luxury apartment communities with state-of-the-art amenities, for example, Cypress Shores Apts. in Coconut Creek, Fl, (v) multi-family construction utilizing advanced steel form and poured concrete structural systems, i.e., Island Shores Apts. in W. Palm Beach, Fl (vi) The Country Club of Arkansas, a residential golf course community, (vii) assisted living facilities in Vermont, New Hampshire and Tequesta Terrace in Tequesta, Fl and “Energy Efficient and Environment Friendly” mixed-use developments such as Green Cay Village in Palm Beach County, FL. Goray’s personal involvement in these developments includes personal investment capital, land acquisition, site and product planning, governmental approvals, financial structuring, construction, marketing, and property management. Mr. Goray holds a business degree Magna Cum Laude from the University of Detroit and a Juris Doctor degree from the University of Michigan. He has also published articles and lectured on real estate and financial matters. Mr. Goray has been very active in community affairs as a Michigan Builder’s Association board member, a Michigan bank Board Director and has led several Michigan and Florida community organizations as President.

Mark C. Foley

A former C-level financial executive with broad experience in Credit Risk Management, Financial Engineering and Strategic Corporate Advisory, Mark spent twenty years leading multinational financial services firms in Europe and Emerging Markets. He headed due diligence teams in complex cross-border acquisition transactions and established new business units in retail banking, asset management, and brokerage. Mark was responsible for compliance issues to regulatory bodies such as the Central Banks of Turkey, Germany, and Ireland, and was qualified as a Geshaeftsfuerhrer by the German Ministry of Banking Supervision. As CEO of Oyak Bank, Mark managed through volatile economic and non-economic crises, including emerging markets financial meltdowns, maxi-devaluations, computer virus attacks on the bank's operating system, earthquakes, and terrorist bombings. Mark has guest lectured at the Brandeis University Graduate School of International Business, Penn State University and Quinnipiac University. An honor graduate of the Defense Language Institute in Monterrey, Mark was a code breaker in the US Army. He holds a masters degree from Johns Hopkins University, School of Advanced International Studies and is currently pursuing, in his spare time, a Ph.D. in Global Affairs at Rutgers University, focusing on the transmission of contagion between financial markets and asset classes. Mark is fluent in French, German and Turkish.