CPA-Retired, Director of Investments
David Cowles joined Mosaic Financial Partners in 1997. He and his staff work with the firm's advisors to design and implement appropriate investment strategies for clients. Dave chairs the firm’s Investment Committee and oversees all investment research, trading activity and portfolio management.
Dave brings over 30 years of diversified financial management experience to Mosaic Financial Partners. After graduating from California State University at Chico, Dave joined Coopers & Lybrand where he became Senior Manager responsible for several of this international professional services firm's largest clients. Later, Dave spent nine years in private industry in senior financial management positions.
A Certified Financial Planner™ professional, Dave has also completed Level I of the Chartered Financial Analyst® program. He received a Master of Science degree in Personal Financial Planning from San Francisco's Golden Gate University. Dave is also a CPA-retired.
Ironically, alternatives actually have become more correlated to the stockand bond markets since the financial crisis, said David Cowles, a certified financial planner and director of investments at Mosaic Financial Partners. One reason for that may be the proliferation of alternative mutual and exchange-traded funds. The large number of liquid alternative products on the market has made it easier to trade in and out of various asset classes, but the funds are also vulnerable to broad market selloffs, said Cowles.
Dave has been quoted in various periodicals, including The Wall Street Journal, Investment Advisor and Investment News. Dave was an early adopter of Exchange Traded Funds (ETFs) and has spoken on the subject at national investment conferences. Dave has also spoken to professional groups about the benefits of “alternative” investments. He has served on the Board of Directors of the Financial Planning Association's San Francisco chapter.
"We like passively managed funds," says David Cowles, director of investments for financial advisers Mosaic Financial Partners in San Francisco. "For example, if a fund decides to sell international stocks for 12 months, that's market timing, which we don't like."