Overview

The FBB Difference

FBB Capital Partners

We are an independent wealth management firm serving as trusted partner to affluent individuals, families, foundations and endowments. 

Our highly personalized, consultative approach lets us better understand our clients’ financial goals, while our team of investment professionals and planning experts provides our clients with the sophisticated, objective advice they deserve.

Over more than two decades we have built the firm into an organization capable of serving our clients’ needs for generations to come. As a fiduciary, we are held to the highest industry standards of trust and confidence, and act with undivided loyalty to our clients.  As an employee-owned firm, we offer independent thinking, free from the constraints of corporate interests.  And as a fee-only advisor, we avoid the conflicts of interest inherent in brokerage and certain other financial advisory arrangements.

Each FBB client is served by a dedicated Portfolio Manager who becomes a core member of the client's financial team. What sets us apart is our flexibility in structuring portfolios and the level of attention we offer our clients. We do not force our clients into one-size-fits-all portfolios, but instead tailor each portfolio to the client's unique goals, risk preferences, time frame and tax situation. We also work extensively with our clients’ other advisors, such as tax professionals and estate-planning attorneys.  

Through dedicated teamwork – as true financial partners – we aim to exceed the expectations of our valued clients.

Your Team

 

 

Susan Emma Owens Breakefield Fulton

Susan Emma Owens Breakefield Fulton

Founder 

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Susan co-founded FBB in 1989 as a fee-only investment management firm.  Under Susan’s leadership, FBB was recognized for excellence as one of the top 25 “Up and Coming” investment management firms nationwide by Forbes Magazine in October 2008 and more recently named by the Financial Times to the FT Top 300 in 2014, 2015 and 2016.  Susan prides herself on being an early adopter and was one of the first five Certified Financial Planners in the Washington Metro Area.
 
A regular commentator on CNBC and Fox Business Network, Susan often speaks to Washington area organizations about investing, philanthropy, and business leadership. Susan has been quoted in Business Week and the Wall Street Journal on numerous occasions.
 
An Army brat, Susan calls DC home having lived there as a toddler and returned to graduate from Western High School (now Duke Ellington) in 1957. She has been a member of the Washington business community since 1964.
 
Active and passionate about her interests, Susan has served on the boards of Wilson College, her alma mater, and Heifer International.  In 1999, she endowed a memorial to her husband, the Richard Alsina Fulton Center for Sustainable Living, a 50 acre farm for hands-on education regarding environmental issues and solutions.  She has been a member of Rachel's Network and continues to have interests in the Rare Breeds Conservancy at the Smithsonian, and in the conservation of the Chesapeake Bay.

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Michael

Michael J. Mussio, CFA, CFP®

President

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As a Managing Director of FBB Capital Partners, Michael is responsible for strategic planning for the firm, as well as managing client relationships and client investment portfolios.
  
Michael received his MBA from the University of Virginia’s Darden Graduate School of Business.  While at Darden, Michael was selected to serve as a Senior Portfolio Manager of the student run investment club where he was responsible for actively managing a portion of the University’s endowment.
 
Prior to pursuing his graduate degree, Michael was a Vice President and Financial Consultant for Charles Schwab & Company Inc.  During his tenure with Schwab he advised clients on formulating and executing their investment strategies and their financial plans.
 
A member of FBB’s investment committee, Michael is a CFA charterholder and a Certified Financial Planner™ professional.  He is a member of the CFA Institute and the CFA Society of Washington DC.  His insight regarding investment management and financial planning has led to appearances on Fox Business Network, CNBC and NPR.  In addition, he has been quoted in numerous publications including the Wall Street Journal, Kiplinger’s and The Washington Post.
 
A native Ohioan, Michael earned his Bachelor of Business Administration in finance and marketing from Ohio University.
 
Michael and his wife, Angela, have three children and reside in Potomac, Maryland.
 

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Michael D. Bailey, CFA

Director of Research

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As FBB's Director of Research and chair of the Investment Committee, Mike is responsible for monitoring and analyzing macro and micro economic data, secular industry trends, and identifying appropriate investments for clients' portfolios.
 
Previously, Mike spent nearly nine years as a buy-side research analyst with Legg Mason Investment Counsel, which was acquired by Stifel Financial in 2014. While at Legg Mason, Mike's primary focus was recommending stocks in the healthcare industry and managing a model healthcare portfolio, while also covering financial and industrial stocks and advising Legg Mason's socially responsible investment (SRI) group.
 
Prior to Legg Mason, Mike was a Vice President and equity research analyst with Bear Stearns, where he followed the medical device industry. Mike's team at Bear Stearns won recognition from Institutional Investor as a highly ranked sell-side research group. Earlier in his career, Mike followed the pharmaceutical and technology industries as well as the automotive sector.  Over the years, Mike's financial insights and analysis have been featured in the Wall Street Journal, Forbes, Barron’s, and Investor's Business Daily.
 
Mike is passionate about global capital markets, having lived and worked in London, New York, and Tokyo. Mike earned a Bachelor of Arts in international studies from Emory University, and a Master of Arts in international economics from Johns Hopkins University. Mike attended New York University's Stern Business School, where he was the co-president of the Stern Pharmaceutical and Healthcare Association. Mike also earned an MBA from Johns Hopkins University. Mike is a CFA charter holder, a member of the CFA Society of Washington D.C., and he has advised MBA students participating in the CFA Research Challenge. 

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Stein A. Olavsrud

Stein A. Olavsrud, CFP®

Executive Vice President and Portfolio Manager

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Stein was responsible for establishing FBB’s eastern shore office in Easton, Maryland, over a decade ago and continues to oversee the operations of that office and its growing practice.  Stein’s areas of expertise lie in portfolio design and implementation, retirement, tax, and estate planning.
 
With over 15 years of investment and financial services experience, Stein is passionate about coordinating planning efforts with client’s accountants, estate planners and other key professionals, in order to provide holistic and sophisticated financial strategies.
  
Prior to joining FBB, Stein was an Investment Consultant for Charles Schwab and Co. assisting clients in formulating and executing their investment strategies. 
 
Stein is a graduate of Salisbury University’s Perdue School of Business where he earned a Bachelor of Science in finance.  Stein, is a CERTIFIED FINANCIAL PLANNER ™ practitioner, and has earned a Certificate in Financial Planning from Georgetown University.
 
Stein currently serves on the Board of Governors at The Talbot Country Club.  His free time is spent with his family enjoying outdoor activities such as boating, fishing and snow skiing. He and his wife, Beth, have two children.

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Payal Vachhani

Payal Vachhani

Research Analyst

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As an Investment Research Analyst at FBB, Payal works with Mike Bailey to evaluate economic trends and analyze investment opportunities. She creates financial research summaries, comparative analyses, and valuation models in order to provide the necessary data for the investment committee to make informed and optimal decisions.

Previously, she spent three years at AvalonBay Communities, Inc. (an Apartment REIT) as a financial analyst and then a senior financial analyst. Payal was responsible for operational data analysis as well as industry and competitor analysis.

Payal is a graduate of the University of Virginia’s McIntire School of Commerce with concentrations in finance and marketing. She is currently a Level III candidate in the CFA program. Payal is a native of New Jersey and now resides in Arlington, Virginia. She enjoys exploring the outdoors in the DC area and participating in a variety of fitness classes.

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Laurie

Laurie Keegan, CCO

Chief Compliance Officer
Chief Ethics Officer

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Laurie is the firm’s Chief Compliance Officer; the architect and steward of enterprise compliance strategy, structure and processes, responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the organization are effective and efficient in keeping FBB compliant with all applicable rules and regulations.

Her financial industry experience includes 12 years as branch manager for Charles Schwab and Co., and 10 years owning and operating a broker/dealer.  In all, Laurie has over 40 years of experience within the financial services industry.

Laurie is a member of the National Society of Compliance Professionals and holds a Bachelor of Arts from the University of Maryland.

Laurie is a native Washingtonian and now lives on the eastern shore of Maryland where she enjoys sailing.  She is involved with the St. Vincent de Paul Society, working with the poor of Dorchester County, Capital Speakers Club of Washington, and on the board of Old Trinity Church Association.  She and her husband delight in their four children and six grandchildren.

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Sandra A. Kingsley

Sandra A. Kingsley, CPA, CFP®

Portfolio Manager

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Sandy joined FBB Capital Partners in 2001 as a portfolio manager. She previously worked at Marriott International for over twenty years where one of her roles was supervising the external investment managers for the company's 401(k) plan. She first began her multi-faceted career in the investment business in 1971 when she worked at a brokerage firm.
 
Sandy holds a Bachelor of Science from the University of Maryland and is a licensed CPA and Certified Financial Planner™ certificant.
 
A native Washingtonian, Sandy is actively involved in her parish's endowment for the ongoing support of the parish grade school that she attended years ago. She is an avid sports fan, golfer and enjoys playing the piano.

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Maggi Keating

Maggi Keating, CFP®

Portfolio Manager and Shareholder

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Maggi brings over 24 years of financial industry experience to her practice at FBB.   A Certified Financial Planner™ professional and portfolio manager; she values her client relationships and delights in her role as educator of her clients, helping them create tangible goals for their financial life.
 
Prior to joining FBB, she spent 12 years at Charles Schwab & Co., Inc., specializing in assisting families, and high net worth individuals and foundations.
 
Maggi is a member of the National Association of Personal Financial Advisors (NAPFA) and  holds a Bachelor of Science degree from Radford University. 

Maggi and her husband, Pete, a retired Marine Corps Colonel, live in her native Virginia. As the parent of two teenagers, Maggi is very active in their sports activities.

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David Malmgren

David Malmgren, CFA

Portfolio Manager and Shareholder

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David has served as a Portfolio Manager to FBB clients for over a decade.  David actively works with clients to identify investment strategies, evaluate current financial goals and manage their investment portfolios.  As a member of the investment committee, David also provides research and guidance to the team related to current and future investment opportunities.

Prior to joining FBB, David was a portfolio manager with Rydex Investments where his responsibilities included research and the management of five U.S. sector funds, two international funds and overseeing the investment operations of the Rydex Series Trust Equal Weight ETF.

David received an MBA in Finance and Investments from The George Washington University and is a member of Beta Gamma Sigma, the business school honor society.  David is a CFA charter holder, and a member of the CFA Society of Washington as well as the Washington Association of Money Managers.

David and his wife, Pam, are theater enthusiasts and are active in the arts community.

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Kathleen Hastings

Kathleen Hastings, CFP®, CLU, ChFC, CASL

Portfolio Manager

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Kathleen brings nearly 30 years of investment and financial services experience to her work with clients at FBB, and has been a Certified Financial Planner™ practitioner since 1992.  She is an active member of the National Association of Personal Financial Advisors (NAPFA) and the Financial Planning Association (FPA).  Kathleen enjoys working with senior clients and their unique needs, and takes pleasure in client education as part of her planning process. 
 
Kathleen holds a Bachelor of Arts degree from San Diego State University; in addition she holds multiple industry-recognized designations with a focus on eldercare planning.
 
Kathleen lives in McLean, Virginia with her husband, John.  They have two grown daughters and two young grandsons.  In her spare time she enjoys spending time working in her garden and researching family genealogy.
 

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Jaime Quiros

Jaime Quiros, CFP®

Portfolio Manager

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Jaime teams with Sandy Kingsley.  Jaime enjoys working with clients through their unique planning issues and their investment needs.  Jaime’s previous experience includes time working on Wall Street as a trader as well as time working in multiple other market capacities including: market making, portfolio management, and private client lending. 
 
Jaime graduated from Boston College, where he was a walk-on pitcher for the school’s baseball team; he was an academic scholarship recipient and earned a Bachelor of Arts degree in economics.
 
A former pro-baseball player, Jaime is originally from Panama, and presently resides in Rockville, MD with his growing family. 

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Jane Delashmutt

Jane Delashmutt O'Mara, CFP®

Portfolio Manager

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Jane DeLashmutt O'Mara ia a Portfolio Manager in FBB's Easton, Maryland office.  Jane enjoys working with retirees, professionals nearing retirement, as well as individuals and families in various life stages. In particular, Jane enjoys developing personal relationships with her clients, which she believes enhances her ability to anticipate and respond to their financial needs.
 
Prior to joining FBB Capital Partners, Jane worked in commercial banking and commercial real estate finance.
 
A Certified Financial Planner™ professional, Jane is a graduate of St. Mary’s College of Maryland where she studied French and sailed on the varsity sailing team.  During her time at St. Mary's, Jane led her team to a national championship victory and was named an All-American.
 
Jane also holds a master's degree in urban planning from New York University, where she specialized in community development and housing finance.
 
A lifelong sailor and native of the Bay, Jane brings a passion for the water and her community.  She currently serves on the Board of Directors for the Easton Economic Development Corporation and the Chesapeake BaySavers Foundation.  A resident of Oxford, MD, Jane enjoys sailing, golfing, and spending time on the water.
 

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Tim Ryan

Tim Ryan

Research Analyst

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Tim joined FBB at the beginning of 2014 as a Research Analyst.  Originally from New Jersey, Tim joined the U.S. Coast Guard shortly after graduating high school and spent the next twenty-one years serving our country.  While in the Coast Guard, Tim met his wife June, who is still an active duty Coast Guard officer.

Upon retiring from the Coast Guard, Tim obtained a B.S. degree in Business Administration, with a major in Finance, from the University of South Florida.  Tim also completed the first level of the Chartered Financial Analyst program.  After graduation from USF, his wife’s career brought them to the Washington DC area where Tim worked at Riggs & Co., the trust and investment management division of Riggs Bank, as a Performance Analyst. 

Early in 2002, Tim resigned from Riggs & Co. to stay at home and raise their new born daughter.  Since then, the Ryan family has moved six times as the Coast Guard has transferred June around the country.  Once their daughter entered school, Tim kept busy by doing volunteer work and substitute teaching. 

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Bridget

Bridget Simpson

Director of Operations

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Bridget joined FBB Capital Partners in 1992 when the firm was in its infancy. Bridget’s role as Operations Manager does not begin to describe the breadth of her knowledge and duties at FBB. 

A native of Maryland, Bridget lives in Gaithersburg with her husband and three kids and the family dog, Bailey.
 

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Gretchen

Katy Roediger

Receptionist

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Katy Roediger joined FBB Capital Partners as our receptionist in November 2016. Katy previously spent over eight years in the hotel/ restaurant management industry with a degree in culinary arts.Katy leans towards the operations side of finance due to her previous management experience. She switched majors to marketing/finance in 2016 while pursuing bachelors in marketing at UMUC.

Katy lives in Crofton, MD and enjoys playing music, traveling, hiking, running, and spending time with her four siblings and their families.

 

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Sheleen

Sheleen Schiera

Easton Office Manager

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Sheleen serves as the Easton Office Manager for FBB, a role she has held since 2009.  She previously worked in Operations for the retail industry for over 9 years.

Originally from Milwaukee, Wisconsin, Sheleen lives in Easton with her husband Eric.  She enjoys cooking and reading.

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Toni

Toni Groven

Client Service Manager

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Toni brings over 15 years of operations and customer service experience to her role as FBB’s Client Services Manager.  Toni manages the processing of new clients and the administrative management of current client accounts in support of the entire FBB team.  She strives to achieve the highest level of client satisfaction throughout all phases of client-firm and client-broker dealer interactions.   

Toni lives in Derwood Maryland with her husband and three sons.

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Alex Vela

Alex Vela

Client Service Administrator

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Alex joined FBB as a Client Service Administrator in August 2016.  Alex is a Maryland native and grew up in the Bethesda area. He graduated from the University of Maryland. Upon graduation, Alex went to work in New York as a trader.
In his spare time Alex enjoys working out and following Maryland football and basketball. 

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