Investment Services

ACM Wealth is unique in that our investment team is in-house, experienced and accessible to you and your ACM wealth advisor. We understand that investment selection and management requires experience, specific skills and time.

Our investment team is headed by nationally recognized economist and money manager Dr. Charles Lieberman and consists of former Wall Street, Federal Reserve and World Bank economists, academics, money managers, PhDs, CFAs and security analysts.

We look to exploit our economic expertise when determining our top down direction. Yet in the end, it is our fundamental value approach of equity and fixed income security selection that rounds out our customized portfolios.

“First and foremost we are driven by value, broadly defined. We want to buy growth cheaply, using a contrarian’s approach focusing on value stocks that offer above average return prospects that aren’t reflected in the price.”

– Dr. Charles Lieberman, Co-founder and CIO

Team of Investment Experts

Paul Broughton, CFA

PORTFOLIO MANAGER

Small/Mid Cap
Growth
Investment Committee

Paul Broughton

PORTFOLIO MANAGER

Paul Broughton is an equity portfolio manager with ACM. Prior to joining the firm, he was a co-manager of the Salient Dividend Signal Strategy® portfolios.

Prior to joining Salient in 2010, Paul held various roles in fixed income portfolio management and trading with Pacific Capital Bancorp and American Century Investments. He began his career with State Street in fund accounting.

Paul is a CFA® charterholder and holds a Bachelor of Science in accounting and business administration from the University of Kansas.

Randall T. Coleman, CFA

PORTFOLIO MANAGER

International Strategies
Investment Committee

Randall T. Coleman

PORTFOLIO MANAGER

Randall Coleman is a portfolio manager focused in international and small/mid cap securities. Before joining ACM, Randall was the co-manager of the Salient Dividend Signal Strategy® portfolios.

Previously, Randall was a portfolio manager and analyst for Berkeley Capital Management. In 2008, Forward Management acquired Berkeley, and subsequently in 2015, Salient acquired Forward. Before joining Berkeley in 2001, Randall was a portfolio manager at London Paciﬁc Advisors, specializing in small and mid-cap domestic equities. He has worked as a computer programmer and as a lobbyist aid in California state government.

Randall is a CFA® charterholder and holds a Bachelor of Arts from the University of California, Davis as well as an MBA from Thunderbird, the American Graduate School of International Management.

Dr. JoAnne Feeney

PARTNER
PORTFOLIO MANAGER

Balanced
Growth
Investment Committee

Dr. JoAnne Feeney

PARTNER, PORTFOLIO MANAGER

Dr. JoAnne Feeney is a Portfolio Manager and a member of the investment committee with Advisors Capital Management, LLC (ACM).

Prior to joining ACM, Dr. Feeney was senior equity analyst for more than 10 years at boutique sell-side firms including Punk, Ziegel & Co., FTN Equity Capital, Longbow Research, and ABR Investment Strategy where she focused on the valuation of semiconductor companies. Dr. Feeney also consulted for the Federal Reserve, The International Monetary Fund, and The World Bank while an academic
at The University at Albany, State University of New York, The Stern School of Business, New York University, and the University of Colorado at Boulder.

Dr. Feeney has appeared often on Bloomberg, CNBC, and is frequently quoted by Barron’s and The Wall Street Journal.

Dr. Feeney received her B.A. in Economics from Union College, and her Ph.D. and M.A. in Economics from the University of Rochester.

Kevin Kelly

PARTNER
PORTFOLIO MANAGER

Fixed Income
Income with Growth
Investment Committee

Kevin Kelly

PORTFOLIO MANAGER

Mr. Kelly is the Portfolio Manager of Fixed Income and a member of the Investment Committee. Before joining ACM, Mr. Kelly was a portfolio manager at Verition Fund Management New York, NY where his duties included managing a long/short portfolio. Prior to Verition Fund Management, Mr. Kelly was a Vice President at Goldman Sachs and a research analyst at Oak Hill Advisors.

A native of South Florida, Mr. Kelly is a Summa Cum Laude graduate of The Wharton School at the University of Pennsylvania. He with his wife Janice live in Manhattan where Kevin is a mentor for high school students, helping them pass their GED exam. He is also an endurance challenge competitor and enjoys spending quality time with his large family.

Dr. Charles Lieberman

PARTNER PORTFOLIO MANAGER
CHIEF INVESTMENT OFFICER

Income with Growth
Investment Committee

Dr. Charles Lieberman

CO-FOUNDER, CHIEF INVESTMENT OFFICER

Dr. Charles Lieberman is the Chief Investment Officer and co-founder of Advisors Capital Management, LLC.

He began his professional career as an academic at the University of Maryland and Northwestern University. After five years in academia, he joined the Federal Reserve Bank of New York as head of its Monetary Analysis staff before coming to Wall Street. At Morgan Stanley and Shearson Lehman Brothers, he focused on the debt and equity markets, respectively. In 1986, he joined Manufacturers Hanover Securities as chief economist and head of research and retained that position through the subsequent mergers with Chemical Bank and Chase Manhattan. In 1997, he left Chase and co-founded the global macro hedge fund Strategic Investors Management LLC, and to serve as its managing partner and principal strategist.

Dr. Lieberman has appeared on Bloomberg, CNBC, and is frequently quoted by Barron’s and The Wall Street Journal.

Dr. Lieberman earned his B.A. in Economics at MIT, and a Ph.D. in Economics from the University of Pennsylvania.

David Lieberman, M.B.A.

PARTNER PORTFOLIO MANAGER
DIRECTOR OF INVESTMENT RESEARCH

U.S. Dividend
Tactical ETF
Balanced Total Return
Investment Committee

David Lieberman, M.B.A.

MANAGING PARTNER, PORTFOLIO MANAGER

David is currently a Partner and Managing Director with Advisors Capital Management where he sits on the Management Committee, bringing nearly 25 years of experience in investment management, corporate finance, and corporate management. Prior to joining Advisors Capital, Mr. Lieberman founded and sold 3 companies, including BookRags, Inc. He served as BookRags’ President and CEO for 10 years, building it into one of the largest websites in the world, ranking in the top 80 in the US with over 18 million monthly users. Mr. Lieberman’s leadership and involvement in the start-up world evolved into an advisory role for a wide variety of technology, educational, and product companies. Today, he continues to advise on structuring acquisitions, bridge loans, debt-financing, and other fund-raising efforts. Most recently, he spent over 5 years on the board of Brooklyn Boulders.

Mr. Lieberman has appeared and been quoted in numerous publications and media, including CNBC, Barron’s and Bloomberg. He has also authored numerous whitepapers and thought pieces for Advisors Capital. Mr. Lieberman earned his BA in Economics from Brandeis University and an M.B.A. with a concentration in Finance from the Yale School of Management.

David L. Ruff, CFA

PARTNER
PORTFOLIO MANAGER

International Strategies
Small/Mid Cap
Investment Committee

David L. Ruff

PORTFOLIO MANAGER

Prior to joining ACM as a Portfolio Manager, David Ruff was a managing director and senior portfolio manager at Salient where he co-managed the Dividend Signal Strategy® portfolios.

Previously, David was chief investment officer for Berkeley Capital Management. In 2008, Forward Management acquired Berkeley, and subsequently in 2015, Salient acquired Forward. Prior to joining Berkeley in 2001, David was chief investment officer of London Pacific Advisors where he chaired the LPA Investment Policy Committee. From 1998 through 2001, David served as president and director for the Security Analysts of Sacramento.

David graduated magna cum laude from Iowa State University with a Bachelor of Science in finance. David is a CFA® charterholder and currently a member of CFA Institute and the Security Analysts of San Francisco.

Kevin E. Strauss, CFA

PARTNER
PORTFOLIO MANAGER

U.S. Dividend
Balanced Total Return
Private Fixed
Private Municipal Bond
Investment Committee

Kevin E. Strauss, CFA

MANAGING DIRECTOR, PORTFOLIO MANAGER

Mr. Strauss is a Portfolio Manager and a member of the investment committee with Advisors Capital Management, LLC (ACM).

Prior to joining ACM Mr. Strauss was the former Vice Chairman of Abner Herrman & Brock Asset Management (AHB) for seventeen years where he managed equity and fixed income portfolios and was a member of that firm’s investment committee. Prior to AHB, Kevin spent eight years with Citigroup Global Asset Management ending with the position of Senior Portfolio Manager in the firm’s institutional and Private Client Groups.

Kevin is a Chartered Financial Analysts (CFA®)and a Chartered Investment Counselor (CIC) and holds a Bachelor of Science in Business Management and an M.B.A. in Finance both from Cornell University.

Am I on Track?

Planning Considerations

When can I make the leap?

Planning Considerations

Can I make my money last?

Planning Considerations

How will I be remembered?

Planning Considerations

“First and foremost we are driven by value, broadly defined. We want to buy growth cheaply, using a contrarian’s approach focusing on value stocks that offer above average return prospects that aren’t reflected in the price.”

Team of Investment Experts

Paul Broughton, CFA

Randall T. Coleman, CFA

Dr. JoAnne Feeney

Kevin Kelly

Dr. Charles Lieberman

David Lieberman, M.B.A.

David L. Ruff, CFA

Kevin E. Strauss, CFA

Client Login

Am I on Track?

Planning Considerations

When can I make the leap?

Planning Considerations

Can I make my money last?

Planning Considerations

How will I be remembered?

Planning Considerations

Investment Services

“First and foremost we are driven by value, broadly defined. We want to buy growth cheaply, using a contrarian’s approach focusing on value stocks that offer above average return prospects that aren’t reflected in the price.”

Team of Investment Experts

Paul Broughton, CFA

Randall T. Coleman, CFA

Dr. JoAnne Feeney

Kevin Kelly

Dr. Charles Lieberman

David Lieberman, M.B.A.

David L. Ruff, CFA

Kevin E. Strauss, CFA