As a CFA® charterholder, Douglas is Chief Portfolio Strategist at Palumbo Wealth Management. He has spent his entire career engaged in investment research of both fixed income and equity securities. Douglas’ broad industry experience includes research ranging from basic industry manufacturing and services to energy and software. His fixed income experience includes credit analysis and ratings for municipal and corporate issuers.
Douglas has often been cited as a top investment analyst for the accuracy of his forecasts and the performance of his security selections. He earned a place on the Institutional Investor “All-American” research team eight times and was recognized as a top analyst in The Wall Street Journal annual survey on several occasions. In 2000, Douglas was featured in a story on thestreet.com entitled, “The Analyst Who Saved My Life.”
After 9/11, Douglas reviewed his career objectives and professional goals. In the early 2000s, he partnered with a former Oppenheimer colleague to co-manage a fund of a hedge funds portfolio at Highbrace Capital, a multi-family office. While at Highbrace, Douglas founded Highbrace Advisors to address individual investors’ needs. He has been an independent financial advisor and planner ever since.
Douglas began his investment career at Moody’s Investors Service in 1978. He joined E.F. Hutton as a research analyst in 1980 and advanced to the role of First Vice President. Douglas moved to Dean Witter Reynolds for two years and then joined Oppenheimer & Co. where he was named a Managing Director.
Douglas is a CFA® charterholder and a Certified Financial Planner®. He is a graduate of Boston College with a bachelor’s degree in finance and he holds an M.S. degree in investment management from Pace University. In his free time, Douglas teaches finance classes at a local university and adult education classes on investing. He is on the advisory board of Hope Funds for Cancer Research where he serves on the Finance and Investment Committees.