ABOUT
We advise. We never hold the assets.
Investment consulting for Christian faith-based institutions. Advising Seventh-day Adventist organizations since 1996.
Modern Portfolio Consultants advises Christian faith-based institutions on how their investment assets are structured — Union Conferences and Conferences, Educational Institutions, and Foundations, most of them affiliated with the Seventh-day Adventist Church.
We are a consultant, and only a consultant. We do not manage assets, we do not execute trades, and we never take custody of a dollar. Investment decisions are made by the institution; implementation runs through its own custodian and service providers. What we bring is the analysis, the policy, and the measurement.
The strategy we advocate is built for a long horizon and a stated mission. It begins from a plain belief: over time it is extremely difficult for an actively managed account — equity or fixed income — to outperform its corresponding index. Add the lower fees and costs that indexing carries, and the case compounds.
That is a starting position and portfolios keep the flexibility to adapt to conditions — the direction of interest rates and their correlated effects on equity markets among them — without abandoning the discipline that makes the approach work in the first place.
David J. Deluccia
Managing Member & Founder
Dave oversees the firm's investment team and leads its work with clients — investment policy and guidelines, asset allocation modeling, manager search and selection, performance measurement evaluation, compliance monitoring, and the risk controls that hold it together. Most of it happens in a room where along with an investment committee: deciding what a portfolio should be, and then checking whether it is doing what they said it would.
He has advised Seventh-day Adventist institutions since 1996 and founded Modern Portfolio Consultants in 2002. His clients across the North American Division include Union Conferences, Conferences, Schools, Colleges, Universities and Foundations. He has spent years consulting to and working directly with investment committees and boards — and has consulted to numerous Adventist Healthcare Institutions advising on their various investment pools as well as structuring bond proceed escrow portfolios. He is happy to provide a substantial list of references upon request.
Prior to starting Modern Portfolio Consultants, Dave began his career at Shearson Lehman Brothers structuring institutional fixed income and equity portfolios, continued at Smith Barney with major cities and healthcare systems, and joined Kidder Peabody, where alongside fixed income work he structured the escrowed portfolios for public finance refundings.
Certified Investment Management Analyst (CIMA) · The Wharton School
B.A., Villanova University, 1979