Thinking Clearly in a Crisis: A discussion on making good family business decisions in a stressful environment
Join Drexel Morgan Capital Advisers’ Erich Hickey, Chief Operating Officer and Chief Investment Officer, and Joseph Zaccardi, CFA, Portfolio Manager, along with Barbara Spector, Editor-in-Chief, Family Business Magazine. as they discuss the implications and impact of behavioral biases on your family business.
Thursday, June 25, 2020
2 p.m. ET | 11 a.m. PT
Behavioral biases impact every decision we make and many of us are unaware of our own biases. The uncertainty and stress created by the coronavirus pandemic has thrust us into an environment where our biases are magnified, and it is important to avoid irrational decisions, especially those which can have long lasting effects on our families, our employees and our customers.
We will discuss common biases that affect decision making, discuss how these biases may be impacting your businesses, investments and family dynamics, and suggest steps you can take to lessen their influence.
This webinar will address:
- Our primitive brains: heuristics and how biases influence our decisions
- Common crisis induced biases
- Making investment and business decisions during a storm of uncertainty
- Recommendations for recognizing and combatting your biases
Join Drexel Morgan Capital Advisers’ Erich Hickey, Chief Operating Officer and Chief Investment Officer, and Joseph Zaccardi, CFA, Portfolio Manager, along with Barbara Spector, Editor-in-Chief, Family Business Magazine, as they discuss the implications and impact of behavioral biases on your family business.
Erich Hickey, CFA
Chief Operating Officer and Chief Investment Officer, Drexel Morgan Capital Advisers
Mr. Hickey is Chief Operating Officer and Chief Investment Officer of Drexel Morgan Capital Advisers. In this role, he is responsible for leading the strategic initiatives across business development, business operations, and marketing. In addition, he is also responsible for macroeconomic research, financial market analysis, investment strategy and research, manger selection, asset allocation and portfolio management. He also manages client portfolios and relationships. He is a member of the firm’s Investment and Management Committees.
Prior to joining Drexel Morgan, Erich was President and Co-Founder of Spouting Rock Wealth Advisors, a Philadelphia based consulting firm serving family offices. Before that, he was the Director of Investments for a single family office and a fixed income portfolio manager and trader at The Glenmede Trust Company.
Erich earned a B.S. in biology from Davidson College. He is a holder of the right to use the Chartered Financial Analyst® designation.
He serves on the investment committee for the Pennsylvania Horticultural Society and the board of directors of Roots2Rise Wellness.
Erich resides in Radnor, PA, where he lives with his wife and 4 children. He enjoys playing golf.
Joseph Zaccardi, CFA
Portfolio Manager, Drexel Morgan Capital Advisers
Mr. Zaccardi is a Portfolio Manager at Drexel Morgan Capital Advisers. In this role, he is responsible for managing and monitoring client portfolios, including delivering investment results to clients, asset allocation, and trading. He performs investment research, including manager due diligence and periodic reviews. He also contributes to market and macroeconomic research. He is a member of the firm’s Investment Committee.
Prior to joining Drexel Morgan, Joseph was a research analyst at Persimmon Capital Management. Before that, he was a credit analyst at Eaton Corporation.
Joseph earned a M.S. in finance from Drexel University LeBow College of Business and a B.S. in finance from the University of Pittsburgh. He is a holder of the right to use the Chartered Financial Analyst® designation.
Joseph resides in Conshohocken, PA, where he lives with his wife and son.
Editor-in-Chief, Family Business Magazine
Family Business Family Business Handbook Jewelers' Circular Keystone