Smead Capital Management is a registered investment advisor headquartered in Seattle, WA; founded in 2007. The company was formed to allow investors to benefit from long-term ownership of common stocks meeting the firm’s eight investment criteria. The firm manages a US Large Cap equity strategy in separate accounts and mutual funds for advisors, family offices and institutions.
Our company is staffed with experienced professionals who are dedicated to excellence in the implementation of our equity philosophy and discipline. We combine that experience with passion, courage and a discerning voice for the benefit of our clients and investors.
The Smead Team
Whitman College, B.A. Economics 1980
William is the founder of Smead Capital Management, where he oversees the firm. As Chief Investment Officer, he is the final decision-maker for investment and portfolio decisions as well as reviewing the implementation of those decisions in the firm’s separate accounts and mutual funds.
William began his career in the investment business with Drexel Burnham Lambert in 1980. He left Drexel Burham Lambert in 1989 as First Vice President/Assistant Manager and joined Oppenheimer & Co., where he stayed until joining Smith Barney in 1990. William remained at Smith Barney until September 2001 when he joined Wachovia Securities becoming the Managing Director/Portfolio Manager of Smead Investment Group of Wachovia Securities. In 2007, William left Wachovia Securities to found Smead Capital Management.
Tony Scherrer, CFA
Seattle Pacific University, B.A. Business Administration, Finance 1994
Tony is the firm’s Director of Research and is jointly responsible for the day-to-day management of the firm's separate accounts and mutual funds.
Prior to joining Smead Capital Management, Tony served as Vice President and Senior Portfolio Manager for U.S. Trust Company from 2005-2007 and BMO Harris Private Bank from 2003-2005, Previously, he served at Merrill Lynch in its Institutional Advisory Division and Smith Barney Asset Management. Tony is a graduate of Seattle Pacific University and has completed Executive Education at Stanford University Graduate School of Business. With over 20 years of experience in the investment industry, Tony is a member of the CFA Institute and the CFA Society of Seattle.
Cole Smead, CFA
Whitman College, B.A. Economics/History, 2006
Cole is a member of the investment committee that oversees the management of the firm’s separate accounts and mutual funds.
Before joining Smead Capital Management, Cole was a Financial Advisor at Wachovia Securities in Scottsdale, AZ. Cole graduated from Whitman College in 2006 with a degree in both Economics and History and received the CFA designation in 2011. He is a member of the CFA Institute and the CFA Society of Seattle.
Eastern Washington University, B.S. Communications, 1984
Lisa oversees both the financials and operations of the firm.
Before joining Smead Capital, Lisa oversaw operations at Smead Investment Group of Wachovia Securities. She previously served as Chief Operating Officer at Sirach Capital Management, where she was responsible for all operations of the firm and the family of five mutual funds. She has over 20 years of experience in the investment industry.
University of Iowa, B.A. Economics, 1991
Steve is responsible for all compliance functions of the firm. He also serves as Chief Financial Officer, Treasurer and Chief Compliance Officer to the Smead Funds Trust and is a Board of Director to the Smead US Value UCITS Fund.
Prior to joining Smead Capital Management, Steve held various management positions at independent financial services and investment management firms. From 2007 to 2011 he was Senior Manager and Director at UBS Global AM-Americas and served as Vice President and Assistant Treasurer to The UBS Funds. Prior to that he was a Principal at Oberweis Asset Management, Inc., where he was responsible for compliance, operations and fund administration. In addition, he served as Vice President, Secretary to The Oberweis Funds. He has over 20 years of experience in the investment industry.
Alaska Pacific University, Master of Global Finance, 2007
Yelena oversees the day-to-day operations of the firm.
Prior to joining Smead Capital Management, Yelena assisted the CCO and Director of Operations as Senior Operations Associate at GW Capital, Inc. She previously served as Operations Support – Lead at McKinley Capital Management, LLC. Yelena has 18 years of experience in the financial services industry.
University of Washington, B.A. Business Administration, 2008
Heather oversees the marketing functions for the firm.
Before joining Smead Capital Management, Heather was marketing manager for WHV Investments. Previously, she was with Rainier Investment Management where she was responsible for marketing materials and brand management. She has been in the investment industry since 2008.
University of Washington, B.A. Economics, 2006
Matt is responsible for marketing the firm’s separate accounts and mutual funds to wirehouse, independent and registered investment advisors in the Eastern region of the United States.
Prior to joining Smead Capital Management in 2013, Matt was with Rainier Investment Management in Seattle. Previously, he was an Internal Wholesaler for Russell Investments in Seattle and Columbia Management in Boston. He holds a B.A. in Economics from the University of Washington. Matt is a Level III candidate in the CFA Program.
Villanova University, B.A. Economics, 2011
Scott is responsible for marketing the firm’s separate accounts and mutual funds to wirehouse, independent and registered investment advisors located in the Western region of the United States.
Prior to joining Smead Capital Management in 2014, Scott was an internal wholesaler with Lord Abbett & Co in Jersey City, New Jersey. He holds a B.A. in Economics from Villanova University. Scott is a Level I candidate in the CFA Program.
Andrew La Cava
Whitman College, B.A. Economics 2014
Andrew joined the firm in July 2014. He is responsible for marketing the firm’s separate accounts and mutual funds to institutional groups and non-US investors via the Smead US Value UCITS Fund.
Andrew graduated from Whitman College with a degree in Economics. Andrew has passed all three levels of the CFA Program and may be awarded the charter upon completion of the required work experience.
Whitman College, B.A. Economics 2013
Sam joined the firm in January 2015. His primary role is supporting the marketing efforts of the mutual funds with wirehouse advisors and registered investment advisors.
Prior to joining the firm, Sam was a wealth management associate at Alliance Bernstein. Sam graduated from Whitman College in 2013 with a degree in Economics. Sam has passed Level I of the CFA exam.
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