P. J. DiNuzzo
P. J. DiNuzzo
CPA, PFS, AIF®, MBA, MSTx
President, Founder, Chief Investment Officer (CIO), Chief Compliance Officer (CCO), and Director of Business Development
Toll Free: 877.728.6564
P.J. DiNuzzo is the Founder, President, Chief Investment Officer (CIO), Chief Compliance Officer (CCO), and Director of Business Development for DiNuzzo Index Advisors Inc., which has operated as an SEC‐Registered Investment Advisory Firm since 1989 and currently manages over $685 million. P.J. has devoted his entire professional career to indexing/efficient market theory, retirement planning and educating the public regarding their benefits. He was approved as one of the first 100 Advisors in the United States with Index Research/Development Leader and Institutional Mutual Fund Manager, Dimensional Fund Advisors (DFA) in the early 1990’s. DiNuzzo Index Advisors, Inc. was one of the first few hundred fee-only firms in the U.S. in the late 1980's and has been consistently ranked as one of the top 500 firms in the country by multiple national publications. Under P.J.’s leadership DiNuzzo Index Advisors, Inc., on numerous occasions, has been recognized as one of the “Best Places to Work” and was awarded the honor of “#1 Best Place to Work" in Western Pennsylvania in 2008, 2013 and 2016 by the Pittsburgh Business Times. Additionally, P.J. has been awarded the prestigious multi-year designation as a FIVE STAR Wealth Manager. The award is given to wealth managers in Pittsburgh and across the U.S. who satisfy key client criteria and score the highest in overall client satisfaction.
P.J. DiNuzzo has earned the distinguished Personal Financial Specialist (PFS) designation. The American Institute of Certified Public Accountants (AICPA), a national professional organization of CPA’s has only awarded the PFS accreditation to less than 3% of CPA’s nationwide. Candidates must meet six necessary requirements including an arduous technical exam and a peer review of their ability to demonstrate significant experience in a wide range of comprehensive personal financial planning disciplines.
In 2014 P.J. was awarded the Accredited Investment Fiduciary® (AIF®) Designation from the Center for Fiduciary Studies™, the standards-setting body for fi360. The AIF Designation signifies specialized knowledge fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The Designation includes an agreement to abide by the Code of Ethics. On an ongoing basis, Designees are required to complete continuing education to maintain the AIF® Designation.
Mr. DiNuzzo has appeared and been interviewed on numerous occasions regarding; Strategic Asset Allocation, Portfolio Diversification, Indexing, Rebalancing, and Retirement Income Planning on various Television and Radio programs including: “OPRAH & Friends with Jean Chatzky on XM Radio”, “CNBC- TV Power Lunch”, “KDKA-TV2 Sunday Business Page with Jon Delano”, “The Lange Money Hour radio show with Jim Lange”, and “The Street.com TV”.
P.J. has also been interviewed and quoted on numerous occasions regarding; Strategic Asset Allocation, Portfolio Diversification, Indexing, Rebalancing, and Retirement Income Planning in various national, regional, and local Magazines including: “Kiplinger’s Personal Finance Retirement Planning”, “MarketWatch from Dow Jones”, “Morningstar”, “SmartMoney”, “BusinessWeek”, “Investment Advisor”, “Financial Planning”, “NAPFA Advisor”, “The Wall Street Transcript”, “Wealth Management Exchange”, “Wealth Manager”, “Bottom Line Personal”, and “IARFC”.
He has also been interviewed and quoted on numerous occasions regarding; Strategic Asset Allocation, Portfolio Diversification, Indexing, Rebalancing, and Retirement Income Planning in various national, regional, and local Newspapers including: “The Wall Street Journal”, “Barron’s”, “Reuters”, “Bankrate.com”, “CBS News”, “YAHOO! Finance”, “Pittsburgh Post – Gazette”, “Chicago Sun – Times”, “FT.com Financial Times”, “Smart Money Select.com”, “The Atlanta Journal Constitution”, “St. Louis Dispatch”, “Chicago Board Options Exchange”, “Investment News”, “Pittsburgh Business Times”, “The Sharon Herald”, “The Christian Monitor”, “ The Beaver County Times”, “Pittsburgh Tribune Review”, “The Mutual Fund Wire.com”, “Gulf News – the United Arab Emirates (UAE)”, “TMC.net”, “Comcast.net Finance”, “Rydex Investments”, “Free Real Time.com”, “Individual.com”, “Lockheed Federal Credit Union”, “Invest n Retire”, “ABC – TV9 WCPO.com”, “Fort Worth Star Telegram”, “KYPost.com”, “Wealth Manager”, “Jim Prevor’s Perishable Pundit”, “Reading Eagle”, “The Toledo Blade”, “Horsesmouth”, “DemocraticUnderground.com”, “The Community Investment Network”, “Daily Herald”, “Scripps News”, “The Modesto Bee”, “Hitched”, “Prime”, “El Paso times.com”, “Paladin Advisor”, “Advisor Max”, “Denverpost.com”, “Oswego Daily News”, “The Dollar Stretcher”, “Financial Advisor”, “The Ledger”, “Post-Gazette.now”, “The Columbus Dispatch”, “Savannah Morning News”, and “Hampton Roads News Channel”.
Mr. DiNuzzo is a member of the Financial Planning Association (FPA), Estate Planning Council (EPC) of Pittsburgh, American Institute of Certified Public Accountants (AICPA), and the Pennsylvania Institute of Certified Public Accountants (PICPA), the AICPA’s National CPA Financial Planning Insights Panel, The National Association of Tax Professionals (NATP). In 2014 P.J. became a member of The Pittsburgh Society of Investment Professionals (PSIP).
P.J. chose football in lieu of a Major League Baseball offer from the Houston Astros to play with their Class A Team, as he attended and played football at Indiana University under Head Coach Lee Corso in the “Big Ten” (Bloomington, Indiana) and also at the University of Pittsburgh under Head Coach Jackie Sherrill. He later received his BS in Business Administration from Geneva College in Beaver Falls, PA. His graduate studies culminated in an MBA (Masters in Business Administration) from the Katz Graduate School of Business at the University of Pittsburgh and an MSTx (Masters of Science in Tax Law) from Robert Morris University at the downtown Pittsburgh Campus. P.J. received his Certified Public Accountant (CPA) designation from the State of Delaware. Additionally, he received his Accredited Investment Fiduciary® (AIF®) from the Center for Fiduciary Studies.
P.J. was a member of the Investment Committee on the Endowment Board for Valley Care Associates, a non-profit organization providing adult day care, home safety consulting, and physical modifications for the elderly in Allegheny and Beaver Counties. He also served as a Finance Council Board Member for St. Blaise Church. He is a volunteer and supports Habitat for Humanity, Red Door Program for the homeless, and commitment to his Churches in Midland and Pittsburgh’s Southside. He is a lifelong resident of the Pittsburgh and Western Pennsylvania area. He devoted over 12 years to helping and assisting numerous young men in Pittsburgh’s inner–city and surrounding areas by supporting and coaching over 1000 basketball games at the AAU, elementary, middle school, junior high, and high school levels attempting to teach and instill in them; teamwork, trust, structure, discipline, and hard work. He counts his three sons Nick, Mike, and Patsy and Renée his fiancée as his four best friends.
In order to consider a broad population of high-quality wealth managers and investment professionals, award candidates are identifieded by one of three sources: firm nomination, peer nomination or prequalification based on industry standing. Self-nominations are not accepted. Pittsburgh award candidates were identifieded using internal and external research data. Candidates do not pay a fee to be considered or placed on the final lists of Five Star Wealth Managers or Five Star Investment Professionals. Although this list is a useful tool for anyone looking for help in managing their financial world or implementing aspects of their financial strategies, it should not be considered exhaustive. Undoubtedly, there are many excellent professionals who, for one reason or another, are not on this year’s lists.
• The Five Star award is not indicative of a professional’s future performance. • Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. • The inclusion of a professional on the Five Star Wealth Manager list or the Five Star Investment Professional list should not be construed as an endorsement of the professional by Five Star Professional or Pittsburgh Magazine.
• Working with a Five Star Wealth Manager, Five Star Investment Professional or any professional is no guarantee as to future investment success, nor is there any guarantee that the selected professionals will be awarded this accomplishment by Five Star Professional in the future. • Five Star Professional is not an advisory firm, and the content of this article should not be considered financial advice. For more information on the Five Star Wealth Manager or Five Star Investment Professional award programs, research and selection criteria, go to www.fivestarprofessional.com/research.
Five Star Investment Professional Criteria
Five Star Professional’s Investment Professional award goes to outstanding accountants, estate planning attorneys, insurance agents and select others in the financial industry. Award candidates must satisfy the following criteria to be named a 2017 Five Star Investment Professional:
Eligibility Criteria – Required
1. Credentialed with appropriate state or industry licensures.
2. Actively employed as a credentialed professional in the financial services industry for a minimum of five years.
3. Favorable regulatory and complaint history review.
4. Accepting new clients Evaluation Criteria - Considered 5. One-year client retention rate
6. Five-year client retention rate
7. Number of client households served 8. Recent personal production and performance (industry specific criteria)
This year, we honored seven Pittsburgh-area investment professionals with the Five Star Investment Professional award. Learn more at: FiveStarProfessional.com
Pittsburgh Magazine’s “Five Star Wealth Managers” award recognizes individuals who help manage and implement aspects of the financial world. The magazine formed a partnership with Crescendo Business Services to discover which wealth managers scored highest in overall satisfaction. Crescendo administered a survey, by mail and phone, to approximately 1 in 5 high-net-worth households, within the Pittsburgh area. Additional surveys were sent to financial services industry professionals. On the surveys, recipients were asked to evaluate only wealth managers whom they know through personal experience and to evaluate them based upon nine criteria including: customer service, integrity, knowledge/expertise, communication, value for fee charged, meeting of financial objectives, post-sale service, quality of recommendations, and overall satisfaction. Both positive and negative evaluations were included in the scoring. Only wealth managers with five years of experience in the financial services industry were considered. Next, each wealth manager was reviewed for regulatory actions, civil judicial actions and customer complaints as reported by FINRA (the Financial Industry Regulatory Authority) and other regulatory agencies. Then, before finalizing the list, wealth managers were reviewed by a blue ribbon panel. The panel was comprised of individuals from within the financial services industry. Although panelist comments were incorporated into the final score, safeguards were built into the review process to reduce the ability of panel members to influence the composition of the final list on the basis of company affiliation. The resulting list of Wealth Managers represents less than 5 percent of the wealth managers in the Pittsburgh area. The Five Star Wealth Manager rating may not be representative of any one client’s experience because the rating reflects only a sample of the experiences of the adviser’s clients. The rating is not indicative of the adviser’s future performance. The adviser did not pay a fee to participate in the survey.