Our entire team is experienced and credentialled. We have an average of 25 years of experience.
Between us we have 3 CFP®s, 3 CFA®, 1 CPA, 1 CIPM®, 1 CIMA® designations*.
George Chen, CFA®, CIPM® | Howard Fleming, CFA®, CPA, CFP® | Rex Macey, CFA®, CFP® | Bill McVay, CIMA, CFP®, ChFC | Alliances
George Chen, CFA®, CIPM®, has over 15 years of experience as an investment strategist providing portfolio solutions and manager due diligence analysis for financial advisors, home offices, and bank trusts. George previously was employed at Envestnet where he was a voting member of the asset allocation team, built proprietary model strategies, and maintained consultant relations with financial advisors. George also was employed with Wilmington Trust Investment Advisors where he was a portfolio manager and conducted due diligence on investment managers for the Wilmington Private Funds and the Wilmington Multi-Manager Mutual Funds, as well as for consulting clients and separate accounts.
George holds a Master’s of Business Administration from Georgia State University’s J. Mack Robinson College of Business and a B.S. in Finance from University of New Orleans. He is a volunteer and member of the CFA Institute. George previously served as President of CFA Society Atlanta, the local member society of the CFA Institute with 1,600 members. George also serves on the Strategic Advisory Board and previously served as Treasurer for Atlanta Celebrates Photography, a non-profit arts organization dedicated to the cultivation of the photographic arts and the enrichment of the Atlanta art community.
(404) 790-4220 
george.chen@redtortoisellc.com
Howard Fleming, CFA®, CPA, CFP®, has over 25 years of experience as a financial planning professional. Before joining Red Tortoise, he was a Sr. Vice President and Sr. Wealth Strategist at GenSpring | SunTrust Private Wealth Management. While at GenSpring he served wealthy families as part of a collaborative team in the delivery of comprehensive financial planning and family office services. In addition to serving families, his duties included serving as a member of the firm’s executive leadership team. Prior to joining GenSpring, Howard was a Senior Manager with KPMG, LLP in Atlanta. While at KPMG he delivered financial planning and tax consulting services to corporate executives, closely held business owners and other high net worth individuals.
Howard is a Cum Laude graduate of Baruch College where he received a B.B.A. in Finance. He has a M.S. in Accounting from Texas A&M University. Howard is a member of the American Institute of Certified Public Accountants. Email Howard or view his LinkedIn profile.
(404) 317-5688 howard.fleming@redtortoisellc.com
Bill McVay, CIMA, CFP®, ChFC has a background of more than 30 years in pension and investment consulting. Prior to Red Tortoise he founded a firm to provide investment advice and business consulting services to financial institutions, endowments, foundations, corporations and pension funds. He was previously Vice-President and a partner of the leading financial software provider of style based investment analytics and Executive Vice-President of an internet based financial advice provider. Earlier he was Co-Director of Investment Management Services for a leading U.S. based investment firm where he developed and managed all retail and institutional consulting services, investment management research, client service programs, built and managed fee-based investment programs, investment advisory compliance systems, investment analytics, consulted with institutional clients and directed and oversaw the consulting activities of its financial advisors. Bill also oversaw the managed futures and alternative strategies activities, provided internal acquisition due diligence on select investment advisory firms and was the President of a subsidiary specializing in developing alternative investment products and hedge funds.
Bill is a graduate of Southeast Missouri State University and holds the designations of Certified Investment Management Analyst (CIMA), Certified Investment Management Consultant (CIMC), Certified Financial Planner (CFP), Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU). He is a member of the Investments and Wealth Institute (formerly the Investment Management Consultants Association (IMCA)) where he served as a member of the Board of Directors, Treasurer and Vice-President. He also served on the IMCA Industry Advisory Council and on the Consultants Performance Presentation Standards Task Force. Email Bill or view his LinkedIn profile.
(404) 919-5158 bill.mcvay@redtortoisellc.com
Rex Macey, CFA®, CFP®, has over 30 years of experience as an investment professional. Before starting Red Tortoise, he spent 11 years at Wilmington Trust where his duties included heading the equity group, the asset allocation team, risk management and serving as chief investment officer.Rex is a professional’s professional having taught part of the review course for the CFA for many years; authored numerous articles for the IMCA Investment and Wealth Monitor (including winning two writing awards for his work), edited that publication, served on the certification committee for the CIMA designation, served as a trustee for the Atlanta Society of Financial Analysts (now ASFIP on which he now serves on their strategic advisory committee).
Rex has appeared on CNBC, Wall Street Week, Fox Business News, and quoted in the Wall Street Journal (Google for more) He also holds a patent related to incorporating mortality risk into the financial planning process. He earned a math degree from Vanderbilt and an MBA from the UNC’s Kenan Flagler business school in Chapel Hill. Email Rex or view his LinkedIn profile.
(404) 667-0328 rex.macey@redtortoisellc.com
Articles by Rex Macey
| Article | Description |
| Not Your Father’s Mean-Variance Optimization, The Journal of Wealth Management, Summer 2024, p72-84 | Introduces a practical method to maximize expected after-tax wealth and to fine-tune risk management utilizing linear programming instead of traditional Markowitz mean-variance optimization (MVO). |
| Spending Policy: Is 4% the Best You Can Do, Investments & Wealth Monitor, Mar/Apr 2009, p32-34,45 | Looks at a spending rule based on an annuity calculation as compared with the common and simple 4% rule. |
| Pretty Good Protection, Investments & Wealth Monitor, Jan/Feb 2012, p36-43 | Examines a simple strategy to achieve absolute returns. |
| Asset Allocation Ain’t Dead, but It’s No Spring Chicken Either, Investments & Wealth Monitor, Mar/Apr 2012, p48-50. | A brief look at the benefits and limits of diversification and optimization in the asset allocation process. |
| Of Tulips and Trumpets, Investments & Wealth Monitor, Jan/Feb 2009, p41-43 | Addresses the questions whether time diversification is a myth or reality; and, whether time horizon affects the tolerance for risk. |
| Mind Your Pease, Investments & Wealth Monitor, Nov/Dec 2013, p20,36 | Clarifies the impact of the Pease Amendment in the Taxpayer Relief Act of 2012. |
| Displaying the growth of Assets Properly, Investments & Wealth Monitor, Sep/Oct 2008, p38-39. | Illustrates how a common use of scaling may visually confuse readers about the historical growth of wealth. |
| Roth Conversions-Take Advantage of the Government’s Free Option, Investments & Wealth Monitor, Sep/Oct 2010, p34-36 | Analyzes a strategy to reduce income taxes when moving assets from a Roth to a traditional IRA. |
| Sequestrations, shutdowns and debt ceilings: An analyst’s perspective, Atlanta Business Chronicle, Oct 11-17 2013, p29A | A public comment on the impact of the standoff between the two major political parties. |
| Dynamic Asset Allocation, Investments & Wealth Monitor, Jan/Feb 2010, p41-45 | Describes a dynamic asset allocation model to reduce risk compared to conventional static allocations. |
| Brain Teaser, Investments & Wealth Monitor, Sep/Oct 2013 p63-64 | Shows how volatility can be harvested and the potential value of rebalancing. |
| The Hitchhiker’s Guide to Risk-adjusted Returns, Investments & Wealth Monitor, Jan/Feb 2008, p5-7 | A survey and cautionary note about risk-adjusted returns. |
Alliances
RT has selected service providers and resources including Charles Schwab, AQR Funds, Dimensional Fund Advisors, Vanguard, Research Affiliates, and iShares.
