As I mentioned on the Welcome page, my name is Megan Donnelly, and I founded Quabbin Advisors in 2009 after working for more than a decade as a corporate banker. I left corporate banking because I wanted to help individuals get the most out of their money. I saw the stress and upheaval that the financial crisis caused, and I wanted to help.
I am a CERTIFIED FINANCIAL PLANNER (TM) professional, and I also have the Chartered Financial Consultant (ChFC) designation and the Retirement Income Certified Professional (RICP) designation, along with my M.B.A. and more than 20 years of experience in financial services.
I spent the first decade or so of my career as a corporate banker working for Wells Fargo, Wachovia, and Citizens Bank. For most of those years, my job was as a relationship manager to Fortune 1000 clients. In that role, I worked primarily with investment-grade companies on syndicated loans, but occasionally worked on a leveraged buy-out, a leveraged loan, or a loan to a company backed by private equity sponsors. Working on a broad array of loans honed my credit analysis skills and taught me to critically evaluate companies from an investor perspective.
I was also responsible for serving as the point person between my clients and an array of specialists on equity offerings, public debt issuances, convertible bond offerings, derivatives and swaps transactions, foreign exchange transactions, securitizations, and pretty much anything else my clients needed.
Prior to my role as a relationship manager, I was an associate, fresh out of business school, and rotated through the asset securitization, corporate origination, and equity research groups.
That exposure to a broad range of financial products and services has also been important in my current work. I know how equity research reports get written - and how to critically evaluate them - so I feel confident in assessing individual stock recommendations. My experience in evaluating a company's credit strength is also a critical skill in evaluating investment opportunities.
And plowing through endless SEC filings and legal documents has made me pretty adept at spotting potential trouble spots with some of the financial products that are being sold these days.
All of my financial experience has been important in teaching me how to understand and analyze financial offerings and how to identify bogus or inflated claims for whatever latest and greatest product Wall Street comes up with.
I also point out my background to make sure you know that I do not take this career lightly. I have been dedicated to virtually nothing but improving my financial knowledge for the past 20 years. I am proud of the depth and breadth of my financial experience, and I am proud to put that experience to work for my clients.
Quabbin Advisors, LLC
Quabbin Advisors is licensed as a Registered Investment Advisor (RIA) in the states of Massachusetts and Pennsylvania. Because Quabbin Advisors is an RIA, I am always working as a fiduciary - which means that I must always provide advice that I believe is in the best interests of my clients.
It's important to know that many investment advisors either are not fiduciaries at all or only act as a fiduciary in certain circumstances. Most advisors work under the "suitability standard", which means that they only need to make recommendations that they believe are "suitable" for their clients. That "suitable" investment might just cost you more money and give your advisor a higher commission. If you are not working with an advisor who is a fiduciary, at least ask lots and lots of questions about how they are getting paid and ask for alternatives to the product they are recommending.
With any luck, the law will change soon, and all advisors will be required to be fiduciaries.