Quincy Cass Associates Professionals

Joel H. Ravitz
Chairman, Chief Executive Officer
Joel H. Ravitz has been associated with Quincy Cass Associates since 1970 and has served as Chairman and Chief Executive Officer since 1986.

Joel has extensive experience in the securities industry. He was a member of the National Association of Securities Dealers Inc. (NASD) District #2 and served on the NASD Consultative and the Nominating Committees. His professional designations include Financial Industry Regulatory Authority (FINRA) Series, 7 Registered Representative, Series 24 General Securities Principal, Series 52 Municipal Securities Principal, Series 65 Registered Investment Advisor and Series 79 Investment Banking Representative. Joel is Past Chairman of the Ethics and Business Conduct Committee of the Pacific Stock Exchange. He is a former member of the Securities Industry and Financial Markets Association (SIFMA) and former Small Firms Committee Member.

Throughout his career, Joel has managed several real estate limited partnerships as General Partner and has served as business and financial advisor to numerous public and private corporations and pension funds. He was a Director of Vineyard National Bancorp for 25 years and member of the Board's Executive Committee, Audit Committee and Loan Committee. He is a past President and Director of the non-profit Therapeutic Living Centers for the Blind.

Mark C. Minichiello
Managing Director and Chief Investment Officer
Mark C. Minichiello is Managing Director and Chief Investment Officer of Quincy Cass Associates and QCA Capital Management and a specialist in opportunistic investing. Prior to joining Quincy Cass Associates, Mark was a portfolio manager and member of the investment committee of The Occasio Fund and acted as a sub-advisor to the Hatteras Alternative Mutual Funds. He is a founding principal of Spin-Off Advisors, a Chicago-based research firm and served as Chief Operating Officer of High Yield Analytics.

Mark is known in the investment community for his insightful commentary. For five years until 2009, he co-published "The Distressed and Turnaround Situation Report," a monthly advisory report featuring information on reorganizations and distressed securities. At Spin-Off Advisors, he co-produced "Spin-Off Research," a monthly research advisory. The media have sought out Mark for observations about spin-off situations and have quoted him extensively in print and broadcast. Mark writes a column for Forbes entitled, ""What If?" A guide for small businesses and entrepreneurs.

He holds an MBA from the University of Chicago with concentrations in Finance, Accounting and Strategic Management. His professional designations include Financial Industry Regulatory Authority (FINRA) Series 4 Options Principal, Series 7 General Securities Representative, Series 24 General Securities Principal, Series 65 Registered Investment Advisor and Series 79 Investment Banking Representative.

Frank Foellmer, CFA
Executive Vice President & Secretary
Frank Foellmer is Director of Research at Quincy Cass Associates. He has spent the majority of his career as an investment analyst and portfolio advisor to individual investors. He worked briefly in retail merchandising and manufacturing, then quickly focused on the securities industry and financial services. He is a Registered Investment Advisor, and his professional designations include FINRA Series, 7 Registered Representative, Series 24 General Securities Principal, Series 53 Municipal Securities Principal, Series 55 Equity Trade Limited Representative, Series 86 and 87 Research Analyst.

Frank holds Chartered Financial Analyst number 807. He is a past president of the CFA Institute of Los Angeles, formerly known as the Los Angeles Society of Financial Analysts.

Frank, a native Californian, is a graduate of the University of California, Los Angeles (UCLA) with a BS in Business Administration. He has an MBA from the Stanford Graduate School of Business.

Ellen S. Rubin
Chief Financial Officer
Ellen S. Rubin has more than 20 years of experience as an accounting and operations professional in the securities industry. She has been responsible for the submission of thousands of FOCUS filings and Net Capital computations. She holds the Series 7 Registered Representative and Series 27 Financial and Operations Principal licenses.

Ellen served eight years as Controller for Drake Capital Securities and five years as Chief Financial Officer and FinOp for Equibond, Inc. In addition to her primary talent as an accountant with heavy Regulatory and FOCUS filing experience, Ellen has a strong background in administration, payroll, cash management and broker/dealer operations.

Born and raised in Los Angeles, Ellen is a graduate of California State University, Northridge.