Stephen W. Skatrud, CFA

Client Portfolio Manager at Sustainable Growth Advisers, LP
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Contact Information
us****@****om
(386) 825-5501
Location
US

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5.0

/5.0
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Richard Yasenchak, CFA

I worked with Steve for several years at Russell as a member of the US Equity Team. Our working relationship began when Steve hired me, and later grew into a friendship as time went on and my role evolved with greater responsibility. I found Steve to be extremely intelligent, concise and thoughtful in every aspect of life. He is an outstanding individual contributor that lives by a code of honesty and trust at work, at home, and in the community. I believe successful leaders inspire others and create cultures of excellence, which Steve certainly has done for me and others that have worked with him. Steve recognizes that creating a productive work environment for all depends on healthy lines of communication. Steve has the rare combination of a strong interpersonal skill set to listen, communicate, persuade, and collaborate - with colleagues and clients. Steve inspires people around him to see a vision of success in what they do. He made it a point to talk to colleagues on a daily basis, thank them for their efforts, and always made himself available to discuss issues. I found it very easy to trust and depend on him. I count Steve among the best team members I had the pleasure to work with, would jump at the opportunity to work with him again, and would recommend him without hesitation.

Glenn Dever

First and foremost, Steve is a terrific person with a genuine regard for his colleagues and business associates. His strongest qualities include his broad knowledge of the investment business, his open and honest interaction with others, his intellect, his moral and ethical fiber and his strong team orientation. While at Russell, Steve was a client of mine and over the years, Steve never shied away from offering honest feedback, both good and bad. He has a way of listening that invites the same open interaction that he offers to you. I've known Steve for roughly 15 years and I am pleased to give him my strongest recommendation.

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Credentials

  • FINRA Series 7
    -
    Jan, 2008
    - Nov, 2024
  • CFA Charter
    CFA Institute
    Jan, 1988
    - Nov, 2024

Experience

    • United States
    • Investment Management
    • 1 - 100 Employee
    • Client Portfolio Manager
      • Jan 2014 - Present

      Responsible for client and consultant communications regarding the positioning and performance of SGA's US Large-Cap Growth, Global Growth and specialty products. Member of the SGA Investment Committee Responsible for client and consultant communications regarding the positioning and performance of SGA's US Large-Cap Growth, Global Growth and specialty products. Member of the SGA Investment Committee

    • United States
    • Financial Services
    • 700 & Above Employee
    • Head of US Equity Research
      • Oct 2011 - Jun 2013

      Supervised team of seven research analysts responsible for US equity manager research activities across the large, mid, small and micro capitalization growth, value and market oriented segments.Rank owner for large-capitalization growth biased, growth-at-a-price and tax sensitive managers in the market oriented segment. Rank owner for all large-cap market oriented manager research at the time of my departure from Russell.Worked with team members to improve the level of thought leadership being conducted.Restructured team assignments to enhance the level of discovery research being conducted and assist in the development of less experienced team members. Worked closely with Russell portfolio managers to identify the best manager solutions given their constraints.Interacted frequently with sophisticated consulting clients to review their investment manager lineups, discuss concerns, and make recommendations for improvement where appropriate.Co-authored an update of the paper "Best Practices in Tax Sensitive Manager Research" which helped set the stage for more effective research of tax friendly strategies.

    • Senior US Equity Portfolio Manager
      • May 2002 - Oct 2011

      2008 - 2011: Managed Russell's flagship multi-manager large-cap US equity funds for US, Canadian, and EMEA clients with assets totaling approximately $16 billion at the time.2006 - 2008: Managed Russell's multi-manager large-cap US equity funds for EMEA clients.2002 - 2006: Managed Russell's tax-managed funds, SMA product and growth funds.Responsible for all manager selections and terminations, portfolio strategy, fee negotiations, risk management, investment guideline development and client servicing associated with the funds.Effectively supervised team of five portfolio managers and portfolio analysts. Commended for the highly participatory nature of my management approach and my ability to mentor younger team members.Worked closely with Russell's manager research analysts to evaluate candidate managers and determine their likely impact on the alpha propositions of respective fund structures.Negotiated fee arrangements with investment managers on several occasions generating cost savings for Russell and its clients.Developed strong relationships with investment managers based on honesty, mutual respect and trust. Acted as the lead relationship manager with many of the managers Russell used within its funds.Conducted formal quarterly reviews with all investment managers used in the funds I managed to discuss portfolio strategies, performance and outlooks.

    • Senior Research Analyst
      • Oct 1999 - May 2002

      Researched US market oriented, value and tax friendly manager universes to identify the highest expected long-term excess return managers in each. Expanded Russell's coverage of tax friendly strategies significantly.Worked closely with Russell advisory and consulting clients, as well as Russell portfolio managers to identify attractive candidate managers in my areas of responsibility.Member of Russell's (internal) award winning "Russell Managed Portfolios" team. Responsible for building the SMA program's tax sensitive multi-manager separate account structures, negotiating fee relationships with managers, establishing investment guidelines, and working with managers on a daily basis to ensure that the program met expectations.

  • Harnsichfeger Industries
    • Greater Milwaukee Area
    • Director of Benefits, Finance and Investment
      • 1995 - 1999

      Responsible for overseeing Harnischfeger's defined benefit and defined contribution plans and their service providers worldwide. Worked closely with subsidiaries in the UK, Canada and Australia to ensure that the employee benefit plans were appropriately invested. Managed a portfolio comprised of US equity, international equity, fixed income and real estate investments. Recommended asset allocation policy to the Pension and Investment Committee. Led effort to hire a new investment consultant and master trustee for the Harnischfeger Industries defined benefit and defined contribution plans resulting in improved service and reduced costs. Spearheaded successful consolidation of multiple UK pension schemes into a single entity and built a system of global service providers (global master trustee, actuaries, investment advisors, strategic partners) to generate cost synergies and more effectively manage the firm's global pension obligations. Voting member of Harnischfeger's US Pension and Investment Committee and a Trustee of the Harnischfeger Ltd. UK Pension Scheme. Effectively directed the Company's non-qualified employee benefit plans, while working closely with associates from around the world.

    • United States
    • Higher Education
    • 700 & Above Employee
    • Assistant Treasurer
      • 1993 - 1995

      Managed Marquette University's endowment. Recommended investment managers and asset allocation to the University's Treasurer and Investment Committee. Introduced first alternative investment capabilities into the endowment thereby enhancing returns in subsequent years. Supervised the investment of Marquette's charitable trust vehicles, as well as its internal operating cash and reserves. Developed the University's first formal Statement of Investment Policy and Guidelines to guide the management of the University 's endowment and cash balances. Negotiated manager fee relationships and set all investment objectives and guidelines. Played an active role in the University's annual budgeting process. Assisted the Treasurer with numerous other non-investment related tasks.

  • M&I Wealth Management, Inc.
    • Greater Milwaukee Area
    • Vice President and Portfolio Manager
      • 1984 - 1993

      Responsible for managing high-net-worth client trust portfolios. Worked with clients to establish risk tolerances and then invested their portfolios across appropriate combinations of stocks, bonds and money market instruments. Worked with defined benefit plan sponsors to establish appropriate asset allocations and invested their portfolios in stocks, bonds and money market instruments as appropriate to help them achieve their respective investment objectives. Met regularly with clients to review their portfolio performance and progress toward their goals.

Education

  • Washington University in St. Louis - Olin Business School
    MBA, Finance and Marketing
    1982 - 1984
  • Beloit College
    BA, Economics and Management
    1978 - 1982

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