Our Team

Management Group

Joseph C. Perfilio

Joseph C. Perfilio, Chief Executive Officer

Joe is iCM’s CEO, co-founder and member of its investment committee. Joe began his career as the Director of Investments for a regional investment firm, which specializes in advising and consulting to a variety of different corporate, governmental & not-for-profit entities regarding investments, manager selection and asset allocation modeling among other specialized issues. He served in that role for over 10 years and later began his own private wealth management firm, Clayton Perfilio, Ltd. where he served as President. Joe received a Bachelors of Science in Finance and a Bachelors of Arts in Philosophy from the University of Scranton.

Michael A. Paciotti

Michael A. Paciotti, CFA, Chief Investment Officer

Mike is responsible for the oversight and management of iCM’s investment strategies and chairs its investment committee. Prior to co-founding iCM, Mike was responsible for overseeing the proprietary investment programs for Guardian Life Insurance Company’s $3 billion investment advisory business. Mike is a frequent industry presenter and has been published by a number of publications including The Wall Street Journal, Morningstar, Seeking Alpha, ETF Market Pro & Investor’s Business Daily. Under Mike’s watch, iCM’s Global Balanced ETF Strategy was named as a Top Gun Manager by the Plan Sponsor Network with a six star overall ranking (PSN’s highest ranking).

Mike received a B.S. in Finance and M.B.A. from the University of Scranton. He is a CFA charter holder and a member of the CFA Institute as well as the CFA Society of Philadelphia.

Rorry C. Altmann, MBA, Chief Operating Officer

Rorry C. Altmann, MBA, Chief Operating Officer

Rorry is responsible for the oversight and management of iCM’s operations. Prior to joining iCM, Rorry spent 18 years with Ellucian, where he became a senior Product Owner responsible for managing 3 different products and coordinating different development teams around the world. Rorry received a B.S. in Accounting and M.B.A. in Finance from the University of Scranton.

In-House Legal Counsel

Jeffrey Belardi

Jeffrey Belardi, Esquire, Chief Counsel

Jeff is iCM’s Chief Counsel. Jeff is a 1993 graduate of the Widener University School of Law. Jeff’s specialties include corporate and transactional law with an emphasis on contracts, commercial paper, acquisitions, financing, bond issuance/defeasance, inter-municipal agreements, corporate compliance, environmental compliance and municipal law.

Investment Research & Trading

Michael A. Paciotti

Michael A. Paciotti, CFA, Chief Investment Officer

Mike is responsible for the oversight and management of iCM’s investment strategies and chairs its investment committee. Prior to co-founding iCM, Mike was responsible for overseeing the proprietary investment programs for Guardian Life Insurance Company’s $3 billion investment advisory business. Mike is a frequent industry presenter and has been published by a number of publications including The Wall Street Journal, Morningstar, Seeking Alpha, ETF Market Pro & Investor’s Business Daily. Under Mike’s watch, iCM’s Global Balanced ETF Strategy was named as a Top Gun Manager by the Plan Sponsor Network with a six star overall ranking (PSN’s highest ranking).

Mike received a B.S. in Finance and M.B.A. from the University of Scranton. He is a CFA charter holder and a member of the CFA Institute as well as the CFA Society of Philadelphia.

Ryan J. Lehman

Ryan J. Lehman, CFA, CAIA, Director of Investments

Ryan supports iCM’s investment effort by developing and maintaining the quantitative models used to evaluate investment managers and capital markets. Additionally, he provides leadership to our analyst team. Prior to joining iCM, Ryan most recently worked as a Senior Investment Analyst at John Hancock Investments in Boston, MA.

While there his primary responsibility was conducting investment manager oversight for John Hancock’s $200 billion investments platform. Earlier in his career Ryan worked at Park Avenue Securities/Guardian Life Insurance as an Investment Analyst, where he supported iCM’s current CIO, Mike Paciotti, in the development and oversight of many of the investment programs still utilized at iCM.

Ryan holds an MBA with concentrations in Analytic Finance and Economics from the University of Chicago Booth School of Business and Bachelors’ degrees in Finance and Psychology from the University of Pittsburgh. He has earned the right to use both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

Client Service & Development

Terrence A. McMahon

Terrence A. McMahon, Investment Specialist

Terry’s role with iCM is one of client service and development, drawing on a deep set of professional experiences relating to investment management and strategy for individual, corporate, governmental and institutional entities. Terry is also a member of iCM’s investment committee.

Prior to joining iCM, Terry was a Financial Advisor with UBS Financial Services, Inc. where he focused his practice on retirement plan design and management for corporations and institutions as well as developing a fee-based advisory practice for individuals.

Prior to entering the financial services industry, Terry was a manager with Parente Randolph, LLC, a predecessor firm to ParenteBeard, LLC, top 20 national accounting firm where he focused on compilations, reviews, audits and tax preparation for corporate, institutional and governmental entities. During his tenure with ParenteRandolph, LLC, Terry had spent 7 years participating as an In-Charge Accountant to a variety of entities. This experience gives Terry a tremendous insight into many of the issues affecting iCM client assignments.

Terry earned his Bachelor of Science degree in Accounting from the University of Scranton and is active in a number of community organizations in the area.

William J. Fennie, III

William J. Fennie, III, Investment Specialist

Will’s role is to act as a liaison between our investment and client service efforts, drawing on a diverse set of analytical capabilities that are crucial to supporting our institutional partners. Prior to joining iCM, Will was employed with the Federal Reserve Bank of Philadelphia as an Analyst. In that role, he collected, analyzed, and commented on the Third District’s financial data to support the creation & implementation of Federal Reserve monetary policy.

Will earned Bachelor of Science degrees in Finance and Economics from West Chester University of Pennsylvania. He is a 2018 Level II Candidate in the CFA Program.

Brian A. Tugend

Brian A. Tugend, Analyst

Brian joined iCM in February 2015 and serves multiple roles within the Business Development and Client Relations Support teams. His role involves the following activities: Account Development, Client Support Services, Investment and Portfolio Management support, and Compliance Activities. Prior to joining iCM, Brian spent 7 years in the ecommerce industry serving various roles such as Account Coordinator and Product Content Coordinator for DPS Nutrition and Lord & Taylor.

His previous experiences have provided him with a unique perspective and a strong foundation toward further development within the Financial Services industry.

Brian earned a Bachelor of Arts degree in Political Science from Bloomsburg University in 2007 and an MBA from the Wilkes University- Jay S. Sidhu School of Business in 2014.

Administrative Support

Susan E. Harper

Susan E. Harper, Administrative Assistant

Susan is the administrative assistant for iCM. She has worked with iCM principal, Joseph Perfilio, and in-house legal counsel, Jeffery Belardi, for nearly a decade.

Susan is responsible for the day to day office operations including answering the multi-line phone system, scheduling and bookkeeping. Susan is also a Notary Public. She resides in Dunmore, PA and has a son, Egan.