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Dan Lippincott

President & Chief Investment Officer, Karpus Investment Management

Years in current role: 1 as President (18 at KIM)

What do you enjoy most about your role?

My passion lies in identifying undervalued investments that may be overlooked, developing an expertise in those investments, and utilizing them to build portfolios for our clients. Helping people or organizations get more out of their investments and enabling them to do more of what they want and they have a passion for is extremely rewarding.

What has been the biggest challenge you’ve dealt with over the past year?

By far the biggest challenge was not being able to meet with clients as much as we would have liked to. While we could still interact via video conferencing, there is no replacement for the trust and rapport that is built during in-person meetings and social gatherings. Fortunately, this is becoming less of a challenge as the reopening progresses.

What is the No. 1 tip you would give to people or companies about planning their finances amid uncertain times?

From an investment perspective, I would advise people to carefully choose an asset allocation (mix of stocks, bonds, and alternative assets) that they’re comfortable with before investing and stick with it through the ups and the downs of the markets. I’ve rarely seen emotional decisions based on fear or greed work out well over the long run.

What community organizations do you support as a volunteer and why?

I volunteer as a coach for the Honeoye Falls-Lima-Mendon Youth Baseball program. Beyond the enjoyment of seeing the kids grow and develop, it is personally rewarding to be a part of their lives and help teach some of the important life lessons that team sports can offer kids at any age.

This profile is part of Rochester Business Journal's Power 30 Banking & Finance list for 2021. Information used in this profile was sourced from the honoree. View the full list at https://rbj.net/2021/12/17/rbjs-power-30-banking-finance/.

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