Stone House Consulting, LLC announced that Philip Lawton, formerly head of the Certificate in Investment Performance Measurement (CIPM®) program at CFA Institute, has joined the firm as a partner.
Holly Miller, founding partner of Stone House Consulting, said, “Investment managers and hedge funds that excel in analyzing and communicating results have a competitive edge in gathering and retaining assets. Philip’s expertise and thought leadership strengthen our ability to guide firms toward best practices in performance and risk evaluation and client reporting.” Miller also said that Lawton’s knowledge of investment operations and his background in managerial accounting are a great fit with Stone House’s emphasis on improving manager profitability through benchmarking and service-based cost analyses.
Lawton, who will be based in Charlottesville, VA, said, “I am quite excited about this opportunity to join a small but growing firm that provides world-class strategic, operational and IT consulting and delivers projects on time and within budget. Stone House has a terrific long-term focus on client relationships and emphasizes practical advice based on real-world experience. I am completely in sync with the firm’s culture and values.”
Well-known as a speaker and author, Lawton was the founding head of the CIPM program, which has certificants in more than 35 countries. He is the co-editor of Investment Performance Measurement: Evaluating and Presenting Results, published by John Wiley & Sons in 2009. His previous experience includes serving as vice president at State Street Corporation, where he was investment consultant to the Retirement & Relief System of the City of Birmingham, AL, and supported the firms that belong to the Independent Consultants Cooperative. Previously he was vice president in charge of U.S. performance measurement in the Worldwide Securities Services division of Citibank. In addition, for eight years, he was an officer in the securities department of The Travelers where, among other assignments, he was a fixed-income portfolio manager.
John P. Meier, CFA, managing director of Strategic Investment Solutions and chair of the CIPM Association Advisory Council, said, “Philip is a leader in the field of performance measurement, highlighted by his guidance of the CIPM program from an idea to a respected study program, credential, and professional association.” StatPro chairman Carl Bacon, CIPM, said, "Philip has established the CIPM brand, an immense task and a significant achievement." Bacon added, "Over the last five years, I have found him not only to be one of the most knowledgeable in the field of performance measurement but more generally one of the most pleasant, fun, and entertaining of people to work with."
