LOS ANGELES--(BUSINESS WIRE)--Bel Air Investment Advisors, LLC (Bel Air), a leading wealth management advisory firm to high net worth individuals, families, trusts and foundations, announced today the additions of Michael Ginestro as head of research, and Barry J. HoAire as portfolio manager, to Bel Air’s fixed income group. These additions will bolster Bel Air’s existing capabilities and position the firm to meet the growing fixed income needs from its client base across North America.
“We are delighted that Michael and Barry will be joining our fixed income group, to broaden our expertise through their deep municipal credit and trading experience,” said Todd Morgan, Senior Managing Director of Bel Air Investment Advisors.
“Bel Air’s profile and reputation in the high-net worth financial advisory sector is second to none,” said Michael Ginestro. “I am excited to join Bel Air’s fixed income team during this dynamic market climate,” added Barry HoAire.
Michael brings nearly 20 years of fixed income experience to Bel Air. Prior to joining Bel Air, he was vice president and senior municipal credit analyst within Wells Fargo’s wealth management group, where he was the lead credit analyst advising on over $15 billion of municipal assets. In this role, he was responsible for overseeing credit criteria and strategy for the group and had significant interaction with investors in communicating Wells Fargo’s view on municipal credits. He also served as a member of the bank’s credit risk team which identified municipal credit risks across the bank’s different business lines. Before joining Wells Fargo, he was a municipal research analyst at Charles Schwab Investment Management, and was a staple in the company’s multi-sector credit approval process and was often called upon for industry recommendation presentations on debt ratings and analysis. Michael has also served in similar leadership roles for Highmark Capital Management and Morgan Stanley.
Michael Ginestro is a board member in the California Society of Municipal Analysts and an active member of the National Federation of Municipal Analysts. He holds a B.A. from Saint Lawrence University.
Prior to joining Bel Air, Barry HoAire was a senior portfolio manager in New York for Western Asset Management, where he worked closely with industry veterans Robert Amodeo, David Fare and Joe Deane. Barry was responsible for the management of over $5 billion in municipal assets across various national and state specific strategies, including California. Barry developed a strong reputation for managing mutual funds of various durations, and high-net worth separately managed accounts.
Barry’s Institutional Money Market Fund won the iMoneynet Municipal Money Market Fund of the Year award in 2011, and his entire department was recognized as Institutional Investor’s Municipal Team of the Year in 2011. His team won multiple Lipper Best in Class awards for their Municipal Funds from 2007-2010 and he was a key member of the team that was named a Morningstar Fixed Income Manager of the Year Finalist in 2008. Barry holds a B.A. from Colgate University, where he was captain of the football team.
About Bel Air Investment Advisors
Established in 1997, Bel Air Investment Advisors LLC is a leading independent wealth management advisory firm, providing financial advisory, and asset and investment management services to exclusively high net worth individuals, families, trusts and foundations with $20 million or more in investable assets. Headquartered in Los Angeles, Calif., Bel Air services over 300 families across the United States and oversees more than $7.3 billion in client assets, including private foundation relationships. Known for its philanthropic leadership in the community, Bel Air’s professionals serve on a variety of charitable boards. For more information, visit www.belair-llc.com.
