Monthly Archives: July 2010

New Principal at Compass Securities

Susan M. Weschler, Operations Manager for Compass Securities Corporation, has passed the FINRA Series 24 General Securities Principal Exam. This examination qualifies individuals required to register as a general securities principal in order to manage or supervise the member’s investment banking or securities business for corporate securities, direct participation programs, and investment company products/variable contracts.
Susan has been a valued employee of Compass since 1991. A graduate of The University of Connecticut, Ms. Weschler has experience working with top producers at a major NYSE brokerage firm, and in a financial planning firm which offered services to Boston-area top executives. Susan acts as chief trader for Compass, handles many aspects of daily activities including licensing, registrations, and commissions.
Please join us in congratulating Susan on this achievement!

Seven South Shore Professionals Making Divorce Less Daunting

Seven South Shore professionals enjoyed a relaxing sunset cruise on Hingham Harbor Tuesday night. Skipper Tim Shanahan, Compass Capital Corporation CEO, navigated his 33 foot sailing vessel through the calm waters while his passengers enjoyed the views and collaborated on the topic of divorce and how to make the process less daunting for all involved. Included in the discussion (from left):
Cheryl Smith, Mortgage Consultant, Radius Financial Group
Shelia Brennan, Divorce Coach
Lee Darst, General Practice Attorney, with a concentration in Family Law, Criminal Defense, Bankruptcy and Mediation
Susannah L. Brown, Attorney at Law with a concentration on divorce and child custody
Kirsten O’Donnell, Realtor, Coldwell Banker Residential Brokerage, Hingham
Tricia Welsh, Certified Financial Planner Compass Capital Corporation
Tim Shanahan, CEO, Compass Capital Corporation “Your Trusted Financial Advisor”

blog posting courtesy of Kirsten O’Donnell

Preparing for a Sudden Storm vs. No Wind

From the constant stream of research that we review, I came across an interesting nugget yesterday from Investment News that caught my eye since it was expressed in sailing terms. The article was about “black swan*” events like the 2008 market and how some institutional investors are buying portfolio protection for that. The extract from the article reads:

Sudden Storm’

Goldman Sachs strategists said last month that investors were overpaying for the derivatives as fears of a sovereign default in Europe became too extreme, and not paying enough to hedge against higher-probability scenarios such as a prolonged period of low growth that spares the financial system while causing a jump in defaults among the lowest-rated borrowers.

“To put it into sailing terms, investors are paying a high premium to hedge against a sudden storm,” Goldman Sachs strategist Alberto Gallo in New York said. “But they’re not willing to hedge against a prolonged period of no wind. This creates a buy opportunity for credit.”

We bring this to your attention because we believe our clients’ portfolios are appropriately positioned through our investment strategies to protect against BOTH a sudden storm and a prolonged period of no wind and at a reasonable cost.. The performance metrics contained in the 6/30/10 client statements seem to bear that out.

*Black Swans

For much of the year before Lehman’s collapse, Nassim Nicholas Taleb warned bankers that they relied too much on probability models and had become blind to potential catastrophes, which he labeled black swans, a reference to the widely held belief that only white swans existed — until black ones were discovered in Australia in 1697. His 2007 book, “The Black Swan,” contends tail risks are becoming more severe.To hedge against tail risks, investors usually look for the cheapest insurance against a cataclysmic market sell-off, mainly through derivatives that are expected to multiply in value as prices plummet for everything from stocks to the Australian dollar.

Stacy Havener joins Compass Securities Corporation

Braintree, Massachusetts, July 1, 2010 – Compass Securities Corporation announced today that Stacy Havener, a highly-regarded third party marketing executive with 12 years industry experience, has joined the firm as an independent affiliate through her practice, Havener Capital Partners, LLC.

“I chose to affiliate my practice with Compass because of their knowledge and commitment to the third party marketing industry. Compass has a stellar reputation in this space and the support they provide enables me to do a better job for my clients.” said Stacy.

“We are pleased to have Stacy join our growing network of distinguished institutional investment executives,” said John R. Ahern, President of Compass Securities Corporation. “Her demonstrated commitment to excellence and extensive experience in the Registered Investment Advisor and wealth management channel make Stacy an ideal match, and she will be invaluable to Compass as we continue to grow our organization.”

Prior to founding Havener Capital Partners in 2010, Stacy co-founded third party marketing firm Candlewood Advisory Partners and worked with institutional marketing firm Arrow Partners. Her career in third party marketing began in 2000 when she joined Sincere & Co. as the first employee. Prior to her 7 years at Sincere, she served as Marketing Manager for Grand Prix Funds (Wilton, CT). In her investment sales career, Stacy has raised over $5 billion dollars.

Active in the industry, Stacy is currently President-Elect of the Third Party Marketers Association ( and is the former chairperson of the Financial Planning Association’s Corporate Resource Council. 
Stacy holds the FINRA Series 6, 7, 24, 63, 66, and 79 licenses. She received her Bachelor of Arts in English Literature from Western Connecticut State University, graduating summa cum laude in 1998. Stacy was named to both the NCAA and the GTE/CoSida Academic All-American team for Division III Women’s
Soccer and subsequently nominated for NCAA Woman of the Year in 1998.  Located in Boston, Massachusetts, Havener Capital Partners, is an institutional division of Compass Securities Corporation

Compass Securities Corporation (member FINRA, SIPC) is an institutionally focused broker/dealer specialized in debt and equity private placements of tax credit syndications, venture capital and alternative investments, as  well as third party long only, and hedge investment manager representation. Compass was established in 1985 as a wholly owned subsidiary of Compass Capital Corporation.