Thomas J. Boczar, CFA, is managing partner of Hallmark Capital Corporation, an investment banking firm. Previously, he held positions at Twenty-First Securities and Cahill Gordon & Reindel LLP. Mr. Boczar is an expert who has written more than 20 articles on single-stock concentration risk management and the tax-efficient monetization of other highly appreciated assets. He has received the Stephen J. Kessler Writing Award three times from the Investment Management Consultants Association and speaks regularly at conferences. Mr. Boczar holds an MPAcc, an MBA, and a JD from the University of Miami and an LLM in taxation from New York University.

Douglas J. Engmann is president of Engmann Options, Inc. and senior advisor for Hallmark Capital. Previously, he was chairman and CEO of ABN AMRO Sage Corporation. Mr. Engmann held a seat on the board of governors of the Pacific Stock Exchange, and also served as its vice chairman and acting chairman. He is leading the U.S. securities industry in the adoption of portfolio margining recently approved by the SEC, and has been appointed to the 431(Margin) committee of the New York Stock Exchange. He holds a BA in economics from the University of California at Berkeley and a master’s degree from Massachusetts Institute of Technology.

Thomas A. Humphreys is a partner at Morrison & Foerster LLP, as well as the head of its federal tax practice group and co-chair of its tax department. He also teaches taxation of financial instruments in the LLM program at New York University and a seminar for the European Tax College in Brussels on the U.S. taxation of financial instruments. Mr. Humphreys is the author of the book Limited Liability Companies and Limited Liability Partnerships. He holds an AB from the University of California at Los Angeles, a JD from the University of California Hastings School of the Law, and an LLM in Taxation from New York University Law School.

Marci Rosenfeld is a director in private wealth management and the head of the integrated strategies group at Deutsche Bank. Previously, she held positions as a vice president at Credit Suisse and a corporate law associate at the law firm of Kelley Drye & Warren LLP. Ms. Rosenfeld’s background includes work with venture capital financings, project financings, and asset-backed securitizations, as well as global hedging and monetization interactions with concentrated equity clients. She holds a BA from the University of Pennsylvania and a JD from the Columbia University School of Law.

Scott D. Welch is a senior managing director and member of the executive committee at Fortigent, LLC. He manages Fortigent’s investment research and strategy group, chairs the investment committee, and serves as the firm’s concentrated wealth specialist. Previously, Mr. Welch worked at the Globecon Group and Swiss Bank Corporation. A frequent speaker at conferences and seminars on the topics of wealth and risk management, he has authored articles that have appeared in a number of journals. He holds the CIMA (certified investment management analyst)designation from the Investment Management Consultants Association. He received a BS in mathematics from the University of California at Irvine and an MBA in finance from the University of Massachusetts at Amherst.