STEVEN VAN SOLKEMA, CFA
Chief Investment Officer and Co-Portfolio Manager
Mr. Van Solkema is Chief Investment Officer and Co-Portfolio Manager of WBI Investments, Inc. He has over twenty years of portfolio management, trading, quantitative modeling, risk management, operations and compliance experience in equity and fixed income capital markets.
Prior to this new position, Mr. Van Solkema spent five years as the Chief Operating Officer of Millington Securities, an affiliate of WBI Investments, Inc. Until recently, Mr. Van Solkema also served as Chief Compliance Officer of Millington but relinquished that role to concentrate on supervising trading and operations for the company including strategic projects. At Millington Securities, Mr. Van Solkema and his team focused on providing high-touch institutional trading services and exchange-traded fund advisory services. The primary goal for Millington’s traders is to skillfully work large block orders attempting to reduce both explicit and implicit transaction costs and improve client performance.
Before joining Millington Securities in April of 2014, Mr. Van Solkema was a Portfolio Manager and Managing Director at Ally Financial. In that role, he directed Agency MBS and interest rate derivative trading, pipeline risk management, mortgage lending, origination, securitization, and rate sheet pricing on the firm’s capital markets desk. He also served as Chief Operating Officer of Ally Securities, the firm’s broker-dealer, where he was responsible for supervising sales and trading operations, strategic initiatives, compliance and infrastructure development.
Prior to Ally Financial, Mr. Van Solkema was a Portfolio Manager and Managing Director at Bear Stearns. He focused on Non-Agency RMBS, CDO, CLO, equity and index derivative securities, including quantitative modeling, trading and valuation of $38 billion in gross assets under management. He developed numerous analytical models and implemented profitable trade ideas in structured credit markets with a focus on risk management, relative value analysis and asset correlation. He also supervised hedge fund trading, valuation, accounting, and technology teams.
Mr. Van Solkema began his career at Goldman Sachs as a Senior Risk Analyst and Project Manager where he analyzed performance attribution, risk management, asset allocation, valuation, and tax harvesting strategies for high-net-worth client portfolios comprised of domestic and international equities, fixed income, foreign currencies and derivatives. He was also responsible for calculating VAR, risk-adjusted portfolio performance, internal and external composite variance, and customized benchmarks. Mr. Van Solkema is a Chartered Financial Analyst (CFA®) Charterholder, currently maintains his Series 65 license and was previously FINRA Series 4, 7, 24, 27, 57, 63, and 99 registered.