Phil has over 40 years of experience in investing for individuals, families, trusts and non-profit organizations. Prior to joining Boenning & Scattergood Inc., Phil served as Senior Vice President with Millennium Wealth Management Advisors.
Phil utilizes a value-orientated approach in investing for his clients. His screening process usually begins by seeking out companies with conservative balance sheets. When analyzing equities, he favors companies that have demonstrated long-term consistency of profitability, especially those with high returns on equity. Phil understands the importance in valuing the fundamentals of a company rather than the current fads of the market. His bond recommendations are chosen from his research on companies with characteristics similar to those identified in his equity screening process and are often constructed with a “ladder” of maturities. He would rather accept a slightly lower yield with the expectation that the principal will be repaid at maturity than take greater risk with “safe” money.
Phil is a CFA® charter holder* and was awarded the charter in 1997. CFA® charterholders have attained a strong foundation of advanced investment analysis and practical portfolio management skills and therefore, are uniquely qualified to assist clients in making informed investment decisions. This global designation is one of the most prestigious in the industry.
Phil has a degree in Finance from Thomas Jefferson University, formerly Philadelphia University. He is an active member with the Financial Analysts of Philadelphia.
When Phil is not at work, he enjoys spending quality time with his family. He can also be found engaged in activities such as basketball, golf, tennis and has a lifetime passion for playing the drums.
Phil and Client Service Associate Jennifer Rohlfing serve our client family from the Conshohocken branch.
Philip Baldassari holds the Series 7 and 63 registrations with LPL Financial.