Dave Westcott, CFA

Mr. Westcott is a co-founder and principal of Government Portfolio Advisors and serves as the Chief Investment Officer, Chief Compliance Officer and as a Senior Portfolio Advisor. Mr. Westcott has over thirty-five years of experience advising public entity institutional clients that invest in high quality fixed income portfolios. He is responsible for managing over $5 billion in client assets. The institutional clients that he advises include state general funds, city and county operating funds, universities, water districts, power districts and public financing authorities. Mr. Westcott is responsible for directly advising clients on all aspects of the investment management process including the development and implementation of fixed income portfolio strategies, establishing duration targets, portfolio risk management and credit analysis. Mr. Westcott also serves heads the firm’s investment and credit committees. Mr. Westcott and his GPA partners, Ms. Woodring and Ms. Walton, have worked together as a team since 1983. This fixed income partnership is most likely one of most-experienced teams in the industry advising public entities.

Prior to co-founding GPA, Mr. Westcott was a Managing Director for Davidson Fixed Income Management from 2002 until 2014. While at DFIM he was part of the Portland team that managed over $5 billion in total assets. Mr. Westcott was one of the industry’s early advocates of applying fixed income portfolio benchmarks and total return analysis to public fund general fund management. Benchmarking for public entity general funds has become a widespread vehicle to help manage risk/returns, increase accountability and heighten communication for fiduciary oversight. Total return analysis provides for the accountability of interest rate volatility and relates to various GASB requirements.

Mr. Westcott received his Bachelor of Arts degree in Business Administration from Lewis and Clark College. He holds the designation of Chartered Financial Analyst (CFA–1989) through the CFA Institute and is a member of the Portland Society of Security Analysts. He also holds Series 3, 7, 8, 63, and 65 licenses from the Financial Industry Regulatory Authority (FINRA). He has been and Investment Advisory Representative since 1995.