CHICAGO, April 22, 2013 /PRNewswire/ - Pavilion Advisory Group, one of North America's leading institutional investment consulting firms, today announced that Richard P. Marra, former not-for-profit healthcare segment leader for Mercer Investment Consulting and Principal at Hammond Associates, has joined the team. Mr. Marra will work with Pavilion's not-for-profit healthcare, foundation, endowment and retirement plan clients. He is currently based in St. Louis, Missouri.
Keith Mote, Managing Director of Pavilion Advisory Group, said Mr. Marra's expertise will be instrumental in growing Pavilion's already sizeable not-for-profit healthcare practice, which currently comprises approximately one-third of its U.S. client base, with client assets ranging from $100 million to several billion dollars.
"A specialty of Pavilion is our work with healthcare organizations," said Mr. Mote. "We understand their unique requirements and the multiple investment pools they manage. Rich is an excellent fit with our team as he, too, understands the competitive pressures that healthcare systems face. He will provide valuable thought leadership on healthcare and retirement plan issues to our team and our clients."
Pavilion applies a proprietary strategic modeling process to assist healthcare systems in the efficient allocation of capital resources. This analysis integrates projected income and balance sheet data into traditional asset/liability management, using both stochastic and deterministic models, and is helpful in determining asset allocation, understanding the likelihood of violating bond covenants and gauging projected financial ratios versus median ratios published by bond rating agencies.
Pavilion Advisory Group Inc. is the first and only institutional investment consulting firm to earn the prestigious "Peer Reviewed" designation from the Healthcare Financial Management Association. HFMA's rigorous Peer Review process provides healthcare financial managers with an objective third-party evaluation of products and services used in the healthcare workplace. Peer Review status and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
"I am excited to join Pavilion and contribute to expanding its world class, multi-national investment advisory business," said Mr. Marra. "Among other things, I was attracted by Pavilion's focus on customized client solutions and the employee-ownership model which closely aligns our interests with those of our clients.
Pavilion Advisory Group is a trademark of Pavilion Financial Corporation used under license by Pavilion Advisory Group Inc. in the United States and Pavilion Advisory Group Ltd. in Canada. As a premium, full-service investment consulting and advisory firm, Pavilion serves a wide range of institutional investors that collectively manage $400 billion in assets. Based on client needs, Pavilion can provide à la carte offerings, comprehensive full retainer consulting and advisory services, and/or implemented solutions with a level of discretion over client portfolios. Pavilion Financial Corporation, an employee-owned firm, is a diversified global investment services firm that provides leading investment expertise and implementation support to help institutional clients and other investors preserve and enhance their assets.
SOURCE Pavilion Financial Corporation