Michael V. Fraternale

Director of Operations and Portfolio Manager

Mr. Fraternale is responsible for trade operations at SMC FIM and also serves as a municipal portfolio manager managing short-term cash positions. Mr. Fraternale has over 25 years of related experience. Prior to joining SMC FIM, Mr. Fraternale was an Assistant Vice President with Merrill Lynch Investment Managers’ tax-exempt department where he managed the short-term cash positions for 22 funds with assets of approximately $8 billion. He also assisted the operations department with the conversion of a new trading and compliance platform. Prior to joining Merrill Lynch, Mr. Fraternale was a fund accountant.