Steven Fraley, CFA, MBA
Principal & Director
Steven is a Principal and Consultant at Innovest. He provides consulting services to retirement plans, nonprofits, and families. Steven is a member of the Innovest Investment Committee, which drives the firm’s investment related research and due diligence. He is also a member of the Due Diligence Group, responsible for independently sourcing investment managers, as well as monitoring recommended products and strategies. The group utilizes both quantitative and qualitative analysis evaluating performance, understanding return attribution, and meeting management teams both at Innovest and at their offices. The group works in conjunction with Innovest’s Investment Committee. Steven is also the Director of Innovest’s Capital Markets Research Group, responsible for monitoring the global macro-economic environment, asset allocation modeling and portfolio construction.
Prior to joining Innovest, Steven was a Manager of Pension Investments at Emerson Electric Co. in St. Louis. Steven was a key decision-maker for the combined $10 billion global defined benefit and defined contribution plans. He was responsible for asset allocation, manager sourcing and due diligence, risk management and ongoing monitoring of both current and prospective managers across the plans. He oversaw relationships with investment managers, external investment consultants, performance groups, custodians, actuaries, auditors and the global Emerson investment teams.
Previously, Steven was a personal Portfolio Manager at Northern Trust. While at Northern Trust, Steven managed investment activities for a full set of major fee revenue producing accounts, representing high net worth individuals, families and foundations. He developed, recommended and directed the execution of custom investment programs designed to achieve the goals and objectives of his clients. Prior to Northern Trust, Steven was employed by Plancorp, a St. Louis based RIA. He provided comprehensive wealth management services to high net worth clients, including investment management, financial planning, tax planning and estate planning.
Steven, a St. Louis native, holds an undergraduate degree from the University of Illinois at Urbana-Champaign and an MBA degree from Washington University in St. Louis. He is a Chartered Financial Analyst (CFA) and is an active member in the Denver society.
Steven formerly served as Treasurer of the Board of Directors for Joseph A. Magnus & Co., a Michigan based whiskey distillery. He also served as a member of the Executive Committee, which was responsible for key strategic initiatives. He is active in the local community supporting various organizations.
He and his wife, Meg, have three sons (Charlie, Harrison, and Weller). They enjoy hiking, snow sports, traveling and cooking together whenever possible. Outside of work and spending time with his family, Steven enjoys bird and big game hunting and cheering on his favorite sports teams!
Quote to Live By:
“If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.” – Jim Rohn
Steven’s Personal Code of Ethics
• Go “all in” all the time • Be true to myself • Live passionately and with an open heart • Be honest and transparent no matter the cost • Life is short, do things that bring you joy • Dare to fail • Own my actions and mistakes • Pursue growth and learning everyday • Empower those around me • Do the right thing and don’t fear the rest
sfraley@innovestinc.com
