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Meet Our Team

  • Sarah Chobot Falgiatano

    Consultant

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    Sarah Chobot Falgiatano is a Consultant at Ellwood Associates and joined our firm in 2008.  Sarah currently heads the Traditional Fixed Income Manager Research team and is a member of Ellwood’s Defined Contribution team.  Sarah consults to corporate retirement, endowment, foundation, and high-net-worth clients.  Prior to joining the consulting team, she worked as a Senior Research Analyst. Sarah received her Bachelor of Business Administration from the University of Iowa in Iowa City, Iowa.

  • Kyle G. Clifford, CAIA

    Consultant

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    Kyle Clifford is a Consultant at Ellwood and joined our firm in 2011. Kyle is a member of Ellwood’s Defined Contribution team and our Private Equity Research team. Kyle consults on corporate retirement, endowment, foundation, healthcare, and high-net-worth clients. Prior to joining the consulting team, he worked as a Senior Research Analyst. Kyle holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the Chartered Alternative Investment Analyst Association. Kyle received his Bachelor of Science from the University of Illinois at Urbana-Champaign in Champaign, Illinois.

  • Dale A. Connors, CFA

    Senior Consultant and Public Fund Practice Area Leader

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    Dale Connors is a Senior Consultant and joined our firm in 2016 as part of the Ellwood’s acquisition of Watershed Investment Consultants, Inc., an investment consulting firm for which he was a co-founder, managing director, and senior consultant. Dale is based in our Denver office and leads our Public Fund Practice Area. In this role, Dale is responsible for overseeing Ellwood's investment consulting services to public retirement clients. Over the course of his career in the industry, Dale has worked as a corporate officer and senior consultant at William M. Mercer Investment Consulting, Inc. and as a registered product specialist at The Principal Financial Group. Dale holds the Chartered Financial Analyst designation and is a member of the CFA Institute and is the former education chair of the CFA Society of Colorado. Dale received his Bachelor of Business Administration in finance from the University of Iowa in Iowa City, Iowa.

  • Timothy Egan

    Senior Consultant and Healthcare Practice Leader

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    Tim Egan is a Senior Consultant at Ellwood and joined our firm in 1996. Tim leads our Healthcare Practice area and is a member of the Traditional Manager Research Committee. As the Healthcare Practice leader, Tim is responsible for overseeing Ellwood's investment consulting services to hospital and healthcare clients. In addition to hospital and healthcare clients, Tim consults to endowment, foundation and corporate retirement clients. Prior to joining Ellwood, Tim worked at Stratford Advisory Group, a Chicago-based investment consulting firm where he spearheaded the firm's manager research activities. Tim received his Bachelor of Science from DePaul University in Chicago, Illinois.

  • Alexander Farquhar, CFA

    Senior Consultant and Director of Traditional Manager Research

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    Alex Farquhar is a Senior Consultant at Ellwood and joined our firm in 2000. Alex is the Director of Traditional Manager Research and a member of the Capital Markets Committee. As Director of Traditional Manager Research, Alex is responsible for managing our investment manager research process. Previously, Alex was the head of our Fixed Income and International Equity Research teams. Alex consults to corporate retirement, endowment, foundation, healthcare, and high-net-worth clients. Prior to joining the consulting team, Alex worked as a Senior Research Analyst. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Alex received his Bachelor of Science from University of Arizona in Tucson, Arizona.

  • Andy Fiegel, CFA, CAIA

    Consultant

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    Andy Fiegel is a Consultant at Ellwood and joined our firm in 2008. Andy is currently the lead for our U.S. Value Equity Research team.  Over the last few years, he has led the Opportunistic/Multi-Asset Equity Research team as well as our Hedge Fund-of-Funds Research team. Andy consults to corporate retirement, endowment, foundation, and healthcare clients.  Prior to Andy’s promotion to Consultant, he worked as a Senior Research Analyst.  Andy holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.  He also holds the Chartered Alternative Investment Analyst (CAIA) designation.  Andy received his Bachelor of Science in finance from the University of Illinois at Urbana-Champaign in Illinois.

  • Daniel George, CFA

    Senior Consultant and Chief Investment Officer

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    Dan George is the Chief Investment Officer and a Senior Consultant at Ellwood. He is a member of our Management Committee and Board of Directors. Dan joined our firm in 1999. As Chief Investment Officer, Dan oversees the firm’s overall research initiatives including asset allocation, traditional manager research, and alternative manager research. He also leads our Endowment and Foundation practice area. Prior to Ellwood, Dan was the co-director of Endowments and Foundations at Ennis Knupp and a mortgage-backed securities analyst for Household International. Dan holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Dan received his Bachelor of Science in finance from Miami University in Oxford, Ohio.

  • Kristi Bieber Gibbs

    Senior Consultant

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    Kristi Bieber Gibbs is a Senior Consultant at Ellwood Associates and joined our firm in 1991.  Kristi consults to corporate retirement and defined contribution clients as well as endowment, foundation and high-net worth clients. Prior to joining the consulting team, she worked as a Senior Research Analyst.  Kristi received her Bachelor of Business Administration from Iowa State University in Ames, Iowa. 

  • Sara Gloss

    Manager of Finance and Administration

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    Sara Gloss is the Manager of Finance and Administration and joined the firm in 2010. She is responsible for implementing and overseeing regulatory compliance, financial accounting and human resource administration for the firm. Prior to joining Ellwood, Sara was the Controller and Chief Compliance Officer at Concord Asset Management. In addition, she was also the Controller and Interim Chief Financial Officer for Skyline Asset Management. Sara began her career as a public accountant at Ernst & Young in Chicago and is a member of AICPA and the Illinois CPA Society. She received her Bachelor of Business Administration from Loyola University Chicago.

  • Elliot Greenberg, CFA

    Consultant

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    Elliot Greenberg is a Consultant at Ellwood Associates and joined our firm in 2011. Elliot serves on the Asset Allocation team as well as our Non-U.S./Emerging Markets Manager Research team. Elliot consults to corporate retirement, endowment, foundation, and high net-worth clients. Prior to Elliot’s promotion to Consultant, he worked as a Senior Research Analyst.  Elliot holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.  Elliot received his Bachelor of Business Administration from the University of Texas at Austin.

  • Russell Hill

    Chairman, CEO, and Senior Consultant

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    Russ Hill is the Chairman, Chief Executive Officer, and Senior Consultant at Ellwood Associates and is a member of the firm's Management Committee and Board of Directors.  Russ joined our firm in 1994.  As Chief Executive Officer, Russ is responsible for directing the firm's overall consulting activities and leads our Defined Benefit Plan Practice Area.  Prior to joining Ellwood Associates, Russ worked at Stratford Advisory Group, a Chicago-based consulting firm that he co-founded. Prior to entering the consulting business, Russ was responsible for managing the defined benefit and 401(k) plans for GATX Corporation for several years.  Russ received his Master of Business Administration from Loyola University Chicago and his Bachelor of Science (with honors) from Northern Illinois University in DeKalb, Illinois.

  • Chris Krakowski, CFA, FRM

    Senior Consultant and Director of Asset Allocation

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    Chris Krakowski is a Senior Consultant at Ellwood Associates and joined our firm in 2010. Chris is the Director of Ellwood’s Asset Allocation Research team and is a member of the Capital Markets Committee. He previously was head of our Growth Equity Research team. Chris consults to endowment, foundation, corporate retirement and high-net-worth clients. Prior to joining Ellwood, he worked at Allstate Investments as an Investment Analyst in their Portfolio Management Group. Chris holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Additionally, he is certified by the Global Association of Risk Professionals as a Financial Risk Manager (FRM). Chris received his Bachelor of Science from Marquette University in Milwaukee, Wisconsin.

  • Bradley Levandoski

    Chief Operating Officer

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    Brad Levandoski is the Chief Operating Officer as well as a member of our Management Committee and Board of Directors. He joined our firm in 1997.  Brad is responsible for managing our overall data gathering activities and client reporting functions.  He manages the Research Analyst and Information Technology departments and co-manages the Consulting department.  Brad received his Bachelor of Science from Northern Illinois University in DeKalb, Illinois.

  • Ellen Ogan Martel

    Senior Consultant and Defined Contribution Plan Practice Leader

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    Ellen Martel is a Senior Consultant at Ellwood Associates and joined our firm in 2000.  Ellen leads our Defined Contribution Plan Practice Area.  In this role, she is responsible for overseeing Ellwood’s investment consulting services to defined contribution clients.  Previously, Ellen was the Director of Traditional Manager Research.  Ellen consults to corporate retirement, endowments & foundations and hospital and healthcare clients.  Prior to joining Ellwood, Ellen worked as a high-yield fixed income securities analyst at Lincoln Capital Management, a Chicago-based investment firm. She received her Bachelor of Science from Creighton University in Omaha, Nebraska.  Ellen is a board member of the Defined Contribution Institutional Investment Association (DCIIA) and a current member/past board member of the Women Investment Professionals (WIP) – Chicago. 

  • Thomas Martinez

    Manager of Office Services and Marketing Administration

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    Thomas Martinez is the Manager of Office Services and Marketing Administration at Ellwood and joined our firm in 2002. As the Manager of Office Services, Thomas is responsible for maintaining the firm’s office services functions. As the Marketing Administrator, Thomas is responsible for managing the firm’s marketing databases and materials and coordinating the firm’s marketing responses to prospective clients. Prior to joining Ellwood, Thomas worked at a small independent college in Santa Fe, New Mexico, where he reviewed and edited textbook and teaching materials. Thomas received his Bachelor of Fine Arts from the University of New Mexico in Albuquerque, New Mexico.

  • Joseph Marzano, CFA

    Senior Consultant

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    Joe Marzano is a Senior Consultant at Ellwood Associates and joined our firm in 2010.  Joe currently heads our Opportunistic Fixed Income Manager Research team.  Joe consults to corporate retirement, endowment, foundation, and high net worth clients. Prior to joining Ellwood, Joe worked as a Senior Investment Analyst for Ennis Knupp and Associates.  At Ennis Knupp, Joe assisted the United States Treasury in the selection of investment managers for the Public-Private Investment Program and the Capital Purchase Plan. Joe holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.  Joe received his Master of Business Administration from DePaul University’s Kellstadt Graduate School of Business and his Bachelor of Arts from Illinois Wesleyan University in Bloomington, Illinois.

  • Sarah McClain

    Director of Marketing

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    Sarah McClain is the Director of Marketing at Ellwood and joined our firm in 2017. In this role, Sarah is responsible for developing and executing the firm’s marketing strategy. Prior to joining Ellwood, Sarah worked as a Marketing Manager for West Monroe Partners, a business and IT consulting firm. Before that, Sarah was the Marketing Manager for Morningstar’s Investment Management group where she developed marketing programs for Morningstar Managed Portfolios. Sarah is a member of Women Investment Professionals. She received her Bachelor of Arts from St. Catherine University in St. Paul, Minnesota.

  • Scott Meggenberg

    Senior Consultant

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    Scott Meggenberg is a Senior Consultant at Ellwood and joined our firm in 1997. Scott leads our Real Assets Research team and is a member of the Traditional Manager Research Committee. Scott consults to endowment, foundation, corporate retirement, and high net-worth clients. Prior to joining the consulting team, Scott was a member of the Research Analyst group and co-managed this group for two years. Scott received his Bachelor of Science from Bradley University in Peoria, Illinois.

  • Charles Mohr, CFA

    Consultant

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    Chuck Mohr is a Consultant at Ellwood Associates and joined our firm in 2006.  Chuck currently heads our Direct Hedge Fund Research team.  Chuck consults to corporate retirement, endowment, foundation, healthcare, and high-net-worth clients.  Prior to Chuck’s promotion to Consultant, he worked as a Senior Research Analyst.  Chuck holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.  Chuck received his Bachelor of Science from the University of Dayton in Dayton, Ohio. 

  • David Ramsour, CFA

    Senior Consultant and Director of Alternative Manager Research

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    David Ramsour is a Senior Consultant at Ellwood and joined our firm in 2005. David is the Director of Alternative Manager Research. In this role he is responsible for managing the firm’s alternative investment manager research process. David consults to corporate retirement, endowment, foundation, healthcare, and high-net-worth clients. Prior to David’s promotion to Consultant, he worked as a Senior Research Analyst. Before joining Ellwood, David worked as an Investment Advisor and as a Risk Manager at an options trading firm. David holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. David received his Bachelor of Business Administration from the University of Notre Dame in South Bend, Indiana.

  • LeeAnn Reider, CAIA

    Operational Due Diligence Manager

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    LeeAnn Reider is the Operational Due Diligence Manager at Ellwood and joined our firm in 2015. In her role as Operational Due Diligence Manager, LeeAnn is responsible for reviewing and evaluating the operational risks of alternative investment entities. Prior to joining Ellwood, LeeAnn worked at National Futures Association examining alternative investment managers. Before that, she worked at Towers Watson and at a commodity trading advisor/commodity pool operator. LeeAnn holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the Chartered Alternative Investment Analyst Association. LeeAnn received her Bachelor of Business Administration from University of Miami in Miami, Florida.

  • Paul B. Schreder, CFA

    Senior Consultant

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    Paul Schreder is a Senior Consultant who joined our firm in 2016 as part of Ellwood’s acquisition of Watershed Investment Consultants, Inc., an investment consulting firm for which he was a Managing Director and Senior Consultant. He is based out of our Denver office and currently leads our High Net Worth practice area as well as the Private Credit Manager Research team. Paul consults to high-net-worth individuals and families, endowment, foundation, and corporate retirement clients. Over the course of his career in the industry, Paul has worked as an Investment Portfolio Analyst at Consolidated Investment Group and as an Analyst at Falcon Investment Group. Paul holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Colorado. Paul received his Master of Science in finance from the University of Denver in Denver, Colorado and his Bachelor of Science from Colorado State University, in Fort Collins, Colorado.

  • Andrew Schwark, CFA

    Senior Consultant

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    Andy Schwark is a Senior Consultant at Ellwood and joined our firm in 2011. Andy currently heads our Non-U.S./Global Equity Research team and is a member of the Capital Markets Committee. Andy consults to corporate retirement, endowment, foundation, healthcare, and high-net-worth clients. Prior to joining the consulting team at Ellwood, Andy worked as a Senior Investment Analyst for Ennis Knupp and Associates. Andy holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Andy received his Bachelor of Science (with highest honors) from Bradley University in Peoria, Illinois.

  • Daniel Simon, CFA, CAIA

    Senior Consultant and Director of Outsourced Chief Investment Officer Consulting

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    Dan Simon is a Senior Consultant at Ellwood Associates and joined our firm in 2000. Dan consults to healthcare, corporate retirement, endowments and foundations. Dan serves as the Director of OCIO Consulting and is a member of the Alternative Manager Research Committee. Previously Dan was the Director of Alternative Manager Research. Prior to joining Ellwood, Dan worked as a Senior Investment Analyst for Ennis Knupp and Associates. Dan holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. He also holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the Chartered Alternative Investment Analyst Association. Dan received his Master of Business Administration (with distinction) from Northwestern University in Evanston, Illinois and his Bachelor of Arts from University of Michigan in Ann Arbor, Michigan.

  • Andrew Sramek, CFA, CAIA

    Senior Research Analyst

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    Andrew Sramek is a Senior Research Analyst at Ellwood who joined our firm in 2016 as part of the Ellwood’s acquisition of Watershed Investment Consultants, Inc., an investment consulting firm for which he was a Manager Research Analyst. Andrew is based in our Denver office and is the head for our Opportunistic/Multi-Asset Equity Research team and our Hedge Fund-of-Funds Research team. Over the course of his career, Andrew has worked as a Cash and Securities Analyst at Brown Brothers Harriman, as a Managed Accounts Trader at Charles Schwab Investment Advisory, and as a licensed Financial Advisor at GCG Financial Inc. Andrew holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Colorado. He also holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the Chartered Alternative Investment Analyst Association. Andrew received his Bachelor of Science in Business Administration from Hawaii Pacific University in Honolulu, Hawaii.

  • Brian Thrasher

    Consultant

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    Brian Thrasher is a Consultant at Ellwood and joined our firm in 2011. Brian currently leads our U.S. Growth/Core Equity manager research team. Brian consults on corporate retirement, endowment, foundation, healthcare, and high-net-worth clients. Prior to joining the consulting team, he worked as a Senior Research Analyst. Brian received his Bachelor of Arts in economics from the University of Wisconsin-Madison in Madison, Wisconsin.

  • Susan Toth

    President

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    Sue Toth is the President and Chief Compliance Officer.  She is also a member of the firm's Management Committee and Board of Directors. Sue joined our firm in 1993. She is responsible for all aspects of the internal administrative, compliance, and financial operations of the firm. Prior to entering the consulting business, Sue worked for Continental Bank N.A. as an Executive Recruiter and Corporate Trainer. She received her Bachelor of Science from University of Colorado in Boulder, Colorado.

  • Aaron Ward, CFA

    Senior Consultant

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    Aaron Ward is a Senior Consultant at Ellwood Associates and joined our firm in 2005. Aaron is a member of our Management Committee, leads our Private Equity Research team, and is a member of the Traditional Manager Research Committee. Aaron consults to corporate retirement, endowment, foundation, and healthcare clients. Prior to Aaron's promotion to Consultant, he worked as a Senior Research Analyst. Aaron holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Aaron received his Bachelor of Arts from Michigan State University in East Lansing, Michigan.

  • Matthew Winton

    Senior Consultant and Wealth Management Advisory Services Practice Leader

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    Matt Winton is a Senior Consultant at Ellwood Associates and joined our firm in 1998.  Matt leads our Wealth Management Advisory Services Practice Area.  In this role, Matt is responsible for overseeing Ellwood’s investment consulting services to financial institutions.  In addition to financial institutions, Matt consults to corporate retirement, endowment, foundation, and healthcare clients.  Prior to Matt's promotion to Consultant, he worked as a Senior Research Analyst.  Matt received his Bachelor of Science from Miami University in Oxford, Ohio. 

  • Kevin G. Yoshida, CFA

    Senior Consultant and Director of Capital Markets

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    Kevin Yoshida is a Senior Consultant at Ellwood who joined our firm in 2016 as part of Ellwood’s acquisition of Watershed Investment Consultants, Inc., an investment consulting firm for which he was a co-founder, Managing Director, and Senior Consultant. Kevin works out of our Denver office and serves as the Director of Capital Markets and is a member of the Traditional Manager Research Committee. Kevin consults to endowment, foundation, healthcare, and high-net-worth clients. Before joining Watershed, Kevin worked as a consultant at William M. Mercer Investment Consulting Inc. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Colorado. Kevin received his Bachelor of Science in finance from Colorado State University in Fort Collins, Colorado.

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