ProTools®,LLC. is a solution’s based technology provider to the financial services industry.
We represent an unprecedented blend of talent and expertise from both the institutional and retail investment community and our passion is improving the Advisor – Client Experience.
Drawing from our own experience interacting with retail investors, we developed RiskPro®, The World’s First Virtual Portfolio Strategist®. This revolutionary risk profiling and portfolio construction system empowers advisors to help their clients understand and pinpoint their own Personal Risk Budget® and then to construct a portfolio within a hundredth of a decimal point of that risk budget in a matter of minutes.
Nick Scalzo, ChFC, CLU
Chief Executive Officer
Nick Scalzo is the Chief Executive Officer of RiskPro®. Drawing from over four decades of experience in the financial services industry with a passion to improve the Advisor-Client experience, Nick and his business partner, Jeff Olsen, developed RiskPro®, the world’s first Virtual Portfolio Strategist®. This revolutionary risk profiling and portfolio construction system empowers advisors to help their clients understand and pinpoint their own Personal Risk Budget® and then to construct a portfolio within a hundredth of a decimal point of that risk budget in a matter of minutes.
Nick has been a financial advisor for 26 years. Prior to developing RiskPro®, Nick founded The Elements Financial Group, LLC (TEG), a multi-strategist Turn-Key Asset Management Program, with his brother Gaetan in October 2008. Nick and Gaetan are also co-owners of Claremont Financial Group, an independent registered investment advisory firm.
Nick holds the CLU and ChFC designations as well as series 7, 24, 65 and life/health insurance licenses.
RiskPro® – Chief Operating Officer
With over a quarter century of experience in the financial services industry, Jeff has broad, dynamic experience in a variety of roles helping professional advisors deliver best practices solutions to their clients.
One of the original founders of RiskPro, Jeff, and his business partner Nick Scalzo, were driven by the real world experiences of clients who struggled to align their perception of investment risk with the traditional definitions used by our industry. Realizing that the system was flawed they developed RiskPro using a mathematically superior protocol and algorithm to analyze asset volatility and translate that into language that clients could understand and embrace and advisors could use to manage expectations.
Previously Jeff Olsen served as Regional V.P. with John Hancock Wood Logan. Over his nearly 15 year career at John Hancock his roles included management of internal sales and marketing for the Western U.S. as well as wholesaling mutual funds, variable annuities and separately managed accounts. He is a past recipient of the Outstanding Sales Achievement Award.
Jeff graduated magna cum laude from the University of California Irvine with a BA in Social Ecology and an emphasis in Psychology.
RiskPro® – Chief Revenue Officer
Brooks is a thirty year brokerage industry veteran and serves Pacific Financial Groups (TPFG), Chief Revenue Officer. In this role he’s responsible for RiskPro business development and strategic initiatives.
Prior to joining TPFG Brooks served as the Chief Operating Officer for Cantella & Co., Inc. a 65-year-old, broker-dealer and RIA based in Boston. Cantella provides services to advisors, asset managers, broker-dealers, family offices, registered investment advisors and wealth managers.
Additionally, Brooks was a Managing Director for BNY Mellon Investment Management. BNY Mellon Investment Management is a $1.7 trillion asset management company that goes to market in partnership with its Global Investment Boutiques. Brooks also served as Director of BNY Mellon’s Pershing Boston Regional Office. He oversaw all client relationships and business development for the Northeast region of the United States.
Brooks served as Senior Vice President for Fidelity Investments Institutional Brokerage Group, where he was responsible for New Business Sales, Relationship Management and Bank, Full-Service and Discount Brokerage client market segments.
Brooks received a Bachelor of Science degree in International Business from Quinnipiac University in Hamden, Connecticut. He holds his Series 6, 7, 63, 24 and 4 FINRA licenses.
Lawrence E. Davanzo
Larry Davanzo served as president of Wilshire Associates and member of the Board of Directors, overseeing the asset management areas of the firm including Wilshire Funds Management and Wilshire Private Markets. Mr. Davanzo, who first joined Wilshire Associates in 1977 and helped to develop the precursor to today’s Wilshire Atlas investment analytics solutions before founding Wilshire Consulting in 1980, rejoined the firm in October 2004 as a senior managing director.
Mr. Davanzo left Wilshire Associates in 1991 to form Asset Strategy Consulting. In 2000, Asset Strategy merged to form InvestorForce, an Internet technology platform serving institutional investors.
Mr. Davanzo began his career at Endowment Management and Research, the investment arm of Yale University.
Mr. Davanzo earned both his BA and Master of Finance at the University of Wisconsin.
J. Michael Fay, PhD, CFP
Michael Fay has been involved in the financial services industry since 1982. He was President and founder of Claremont Financial Group, Inc., a Registered Investment Advisory that specialized in pre-retirement financial planning and investment management. He personally managed assets using Modern Portfolio Theory prior to transitioning his practice to institutional asset managers. He now serves as Chairman of the Board and Consultant to current management.
Mr. Fay has served on numerous public and private boards of directors, including Associated Services Corp. where he was Chair of the Audit Committee, elected three terms to the Claremont Unified School District Board of Education, and currently serves on several not-for-profit boards. He is also founder and President of the Institute for Training Leaders Foundation, Inc.
Scott Logan, JD, LLM, CFP
Scott Logan has been involved in the financial services industry since 1968. He was President and Co-Founder of Wood Logan Associates, an independent wholesale marketing and sales organization that was eventually acquired by John Hancock Life Insurance Company.
Additionally, Scott served as senior vice president and national marketing director for Massachusetts Financial Services (MFS).
Mr. Logan is a graduate of the University of the Pennsylvania School of Law and the Boston University Law School Graduate Tax Program. He is also a graduate of the United States Naval Academy, where he recently retired as a two-star Rear Admiral after more than 40 years of active and reserve naval service.
Jonathan Stern, CFA, Managing Director
Mr. Stern joined Berkshire Capital in 1998. During his career at the firm, he has completed transactions involving institutional asset management, mutual fund, wealth management, and securities firms. Jon currently co-heads the firm’s institutional and mutual funds practice areas.
Jon brings extensive transaction experience in financial services to Berkshire Capital assignments. Prior to joining Berkshire Capital, Jon had spent his entire career at First Union and a predecessor bank, First Fidelity Bancorporation, beginning in 1984. He has extensive experience in the corporate finance area focusing on M&A and capital planning, and was a Senior Vice President responsible for acquisitions and divestitures in the Northern part of First Union’s franchise. Previously, he held other management roles within the finance division including asset/liability management and accounting & reporting.
Jon graduated from The Wharton School of the University of Pennsylvania with a BS degree in Economics and received an MBA in Finance from Rutgers University. He is also a CFA charterholder.