Financial Research Corporation

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2012 Research Calendar

recent studies

recent studies

mikeMike Rosenthal

Mike Rosenthal is Senior Vice President of Operations and is responsible for operations across Asset International, FRC's parent company, including co-managing the Strategic Insight division, and as the General Manager for FRC.

Prior to joining Asset International, Mike was CFO and VP of Corporate Development for Strategic Insight, where he oversaw the finance and accounting for the business, and was responsible for leading the sale of Strategic Insight to Asset International. Before Strategic Insight, Mike held a range of product management and finance roles, and has also started several successful companies.

Mike has an MBA from Harvard Business School, and a BA with distinction and honors in Physics, from Colby College.

paulPaul Curley

Paul Curley joined FRC as a research analyst in 2008 and currently oversees College Savings Market research. He is the primary contact for data aggregation and analysis for 529 savings plans and distribution channels. He authors FRC's 529 Quarterly Qualitative Report, an in-depth analysis of the college savings market; blogs on the college savings market for FRC's Views on the News; and manages the quarterly publications of FRC's 529 Industry Data and FRC's 529 Quarterly Fee Analysis. Mr. Curley conducts ad hoc research for 529 plans and discusses market issues with leading program managers. He speaks frequently on topics in the college savings market with major news publications and media outlets, including the Wall Street Journal, Investment News, SmartMoney, Advisor Perspectives, and Ignites.

Before joining FRC, Mr. Curley was at Loomis, Sayles & Company, L.P. as a fixed-income operations analyst for retail mutual funds and institutional and high-net-worth investment products. He also worked in the global treasury and custody fund accounting areas of Investors Bank & Trust.

Mr. Curley received an MBA from Boston College, where he was awarded the Anne Murphy Award for outstanding contribution to the program and was accepted into the Beta Gamma Sigma honorary society. He received a Bachelor of Arts degree in economics and political science from Emory University. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute. As a member of the Boston Security Analysts Society, he has contributed to the organization as a CFA Review Instructor, Practice Exam Writer, and Program Committee Organizer since 2005.

AlanAlan Hess

Alan Hess joined FRC as an investment database analyst in 2010 and is currently a research associate. He supports the FRC research team in analysis of financial market trends and writes regularly for FRC publications, including the FRC Monitor and Alternatives Quarterly. In addition to assisting with the Mutual Fund Market Sizing 2011-2016 and Asset Management Industry Market Sizing, 2012-2017 studies, Alan is a co-author on 2012's '40-Act Alternative Funds in Diversified Portfolios: Trends in Usage, Portfolio Construction and Product Development.

Prior to joining FRC, he served as website manager for Southside Virginia Auto Auction (SVAA). He was responsible for customer outreach and client service support, maintaining the company website and e-mail system.

Alan holds a Bachelor of Arts degree in Economics from Dartmouth College.

Amy Amy LaFrance

Amy LaFrance (formerly Amy Strong) joined FRC as a research analyst in 2007. She supports the FRC research team in analysis of financial market trends, writes regularly for FRC publications and provides client service support. Due to her background and experience, Amy also participates in consultative projects for FRC.

Amy has been a regular contributor to the Advisor Insight Series. Through both research and writing, she has helped FRC produce more than 20 reports. Some of the reports she has been the lead or co-author on are Examining RIA Trends, Distribution Strategies for RIA, Mutual Fund Market Sizing 2009-2013, Marketing Effectiveness, Wholesaler Effectiveness, Advisor Action Report, State of the Financial Advisor Marketplace, and Asset Management Industry Market Sizing, 2012-2017.

Amy is a graduate of Saint Michael's College, and has more than 15 years of financial industry experience. She has served as a senior analyst for Mellon Trust within the fund accounting and global custody unit, a technical analyst for the Russell Indexes at Russell/Mellon, and as a financial advisor at Morgan Stanley, UBS and Janney Montgomery Scott. As an advisor, Amy held the Series 7, 63, 65 and 31 FINRA licenses, as well as the New York State Life, Accident and Health Insurance license.

Art Art MacPherson

Art MacPherson joined FRC in April 2012 as editorial director, his second stint with FRC. Previously, he was with the company from 1999 to 2006, as an editor and director of variable annuity research. During that time, he authored and edited research reports and other publications on mutual fund distribution, variable annuities, college savings plans, separately managed accounts, and related topics.

In between his positions at FRC, Art was an associate director and channel marketing manager at Sun Life Financial US, supporting the distribution to Sun Life's annuity products. Prior to joining FRC in 1999, Art was a marketing director at Keyport Life Insurance, corporate communications manager at Eaton Vance Corp., corporate communications director for the Colonial Group and shareholder communications manager with the Putnam Companies.

Art earned a Bachelor of Arts degree (with honors) in Journalism from Northeastern University and worked for several years as a newspaper reporter and editor before entering the financial services industry.

Kathy Kathleen Marshall

Kathy Marshall joined FRC in 2010 as a Director of Sales where she is responsible for new business development and managing existing client relationships.

Prior to joining FRC, Ms. Marshall was a Global Accounts Manager at Cerulli Associates (CA) where her responsibilities focused on selling CAs international research products and services. In addition, she was responsible for business development, relationship management and client service for CAs international client base.

Ms. Marshall started her career at the Boston Stock Exchange (BSE) where she served in a number of positions in both the Finance and Sales and Marketing departments. Over the course of her career there, Ms. Marshall worked closely with both Senior Management and BSE clients to help distinguish the BSE as the destination of choice for equity trading and to attract business to the Exchange.

Ms. Marshall received her Bachelor of Arts in Economics from the University of California, San Diego.

rob Robert Martorana, CFA

Rob Martorana has worked as a stock analyst, portfolio manager, research director, financial advisor and editor of a hedge-fund web site. He is currently a portfolio manager specializing in alternative investments at Right Blend Investing, and a consultant at FRC Corp. He is the author of Re-Evaluating the Wirehouse Opportunity: Gatekeeper, Asset Manager, and Advisor Insights published in April 2011, and ETF Trends: Insights on Distribution, Portfolio Construction, Risk, & Regulation, in July 2011.

Rob began his career as a stock analyst at Value Line in 1985, and moved to Schroder Capital Mgt. Int'l. as a small-cap fund manager. He joined Barclays in 1996 to manage high-net-worth accounts and became director of U.S. Equity Research at Barclays Private Bank in the Americas. In 2006, he became editor of "Street Insight," a hedge-fund website at He then worked at PNC Wealth Management as a senior financial advisor before joining Right Blend Investing.

Rob graduated from Lehigh University in 1984 with a B.S. in Economics, cum laude, and is now studying for an M.Div. at Drew University, where he serves on the Socially Responsible Investment Committee.