Michael is the Founder, President, and Chief Investment Officer of Jacobi Capital Management, LLC. He is also a member of the Executive Committee of Jacobi Wealth Advisors.
Michael has over 25 years of investment experience, beginning in 1985 with Thompson McKinnon Securities. In 1992, he became fully independent and opened a Wilkes-Barre branch office of LPL Financial. Over the years, he quietly and successfully built his investment practice, and in 2008 formed Jacobi Capital Management (“JCM”), a Registered Investment Adviser. JCM is an independent firm focused on providing objective, fee-based investment advice.
Michael is a voracious reader of financial literature and has long enjoyed finding new ways to think about investing, including the impacts of behavioral economics, sociology, and the need to quantify investment decisions. Ultimately, this led Michael to develop a truly multi-disciplinary approach to investing, known as The Jacobi Method™ – a quantitatively-driven methodology based on academic and empirical studies from financial engineering, value investing, and traditional finance. The resulting proprietary Jacobi portfolios form the core of Jacobi Capital Management’s investment framework.
Michael’s wide-ranging readings led him to a key teaching of Carl Gustav Jacobi, a well-known mathematician who exhorted his students: “Invert. Always Invert.” This idea of turning problems around to consider them from different perspectives is an important component of Michael’s multidisciplinary approach – so important that Michael named his firm after Jacobi, providing a daily reminder to himself and his team of this key tenet.
Michael’s commitment to focusing on the individual extends to the community through his philanthropy and active and former involvement with various Boards including the Catholic Youth Center, YMCA Board of Trustees, Volunteers in Medicine, Luzerne Foundation, Salvation Army, Junior Achievement of NEPA, Kirby Center for the Performing Arts and Geisinger Wyoming Valley Medical Center Advisory Board. In 2012, Michael received one of Luzerne County’s top community service awards for his commitment to improving the community.
Michael earned his bachelor’s degree in Economics from Dickinson College. He lives in Jackson Township, Pennsylvania with his wife Kathleen, and together they have two grown children.