P. J. DiNuzzo
P. J. DiNuzzo is the Founder, President, Principal, 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 $760 million in assets under management as of November 30, 2019. 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/Pittsburgh 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 professionals grants the PFS credential only to certified public accountants with a significant personal financial planning education and experience. 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), Financial Educators Network (FEN), and 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.
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 serves 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 1,000 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.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. XXXX Pittsburgh area wealth managers were considered for the award; XXX (XX percent of candidates) were named 2019 Five Star Wealth Managers. 2018: 1,653 considered, 227 winners; 2017: 1,133 considered, 277 winners. 2016: 1,064 considered, 423 winners; 2015: 1,494 considered, 442 winners; 2014: 1,721 considered, 458 winners; 2013: 1,777 considered, 545 winners; 2012: 1,863 considered, 493 winners.