Harry M. Markowitz, Ph.D.

Nobel Laureate, Father of Modern Portfolio Theory


Dr. Markowitz is a Nobel Laureate and the father of Modern Portfolio Theory, studying the effects of investment and portfolio variability, return and correlation. Famous for his work in economics, Markowitz has made equally significant strides in the field of technology. He was awarded the prestigious Von Neumann Prize in Operations Research Theory for his work in portfolio theory, sparse matrix techniques and the SIMSCRIPT programming language. Dr. Markowitz was given the "Man of the Century" award in 1999 by Pensions & Investments magazine for his life's work in the field of investments. Dr. Markowitz currently divides his time between teaching as an adjunct professor at the Rady School of Management at the University of California at San Diego and consulting.

In 2010, 1st Global announced Dr. Harry M. Markowitz as an advisor to 1st Global’s Investment Management Solutions (IMS) investment committee and consultant to the company’s executive committee. In this role, he incorporates his fundamental work in Modern Portfolio Theory to advise 1st Global on the development of asset allocation models, innovations on risk and return measurement, investment strategies, usage of leveraged and illiquid investments in efficient portfolios, research papers relevant to independent financial advisors and more.

Markowitz' latest work, Risk-Return Analysis, opens the door to a groundbreaking four-book series giving readers a privileged look at the personal reflections and current strategies of a luminary in finance. This first volume is Markowitz's response to what he calls the "Great Confusion" that spread when investors lost faith in the diversification benefits of MPT during the financial crisis of 2008. It demonstrates why MPT never became ineffective during the crisis, and how you can continue to reap the rewards of managed diversification into the future.


image description

Partner with 1st Global

If your firm is committed to being a high performance market dominator, we want to learn more about you and determine if there is a fit with our services. As a leading CPA firm growth consultant, we enable qualified firms to create long-term, profitable growth.