Philip S. L. Chao, CFP


Principal and Founder

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Philip Chao founded Chao & Company, Ltd. in 1990 to provide individuals, families and institutions with the independent and thoughtful advice that would serve as a tailored alternative to the conflicted, one-size-fits-all, bundled solutions. Philip wants to make available industry best practices to help clients and fiduciaries make prudent investment and portfolio decisions.

As the Chief Investment Officer of the firm, Philip designs and manages investment portfolios in the best interest of the clients. By emphasizing risk as well as return, each portfolio is calibrated in an attempt to align the long term expected investment outcome with each client’s criteria and expectations. Portfolio design is based on a core-satellite approach of recognizing the importance of a portfolio core with exposure to market risks (beta) in order to capture market returns. CVFurther, the process targets certain segments of the portfolio to gain exposure to non-traditional assets and investment strategies (alpha) in seeking downside protection and return enhancement.

Philip serves as an ERISA investment consultant in a co-fiduciary capacity – as an ERISA Sec 3(21) – so that clients can rely on his advice with full confidence. For retirement plan sponsors, he implements a prudent investment process to meet their fiduciary responsibilities. When managing defined benefit assets or defined contribution plans, he offers full fiduciary service under ERISA 3(38) for those clients who wish to defer plan level investment and selection decisions or provide discretionary portfolio management for ERISA assets.

Philip is a founding member of The Institute for the Fiduciary Standard. His opinions and thoughts appear in InvestmentNews. His public comments to the DOL and SEC can be found on the DOL and SEC websites.

Philip earned his Certified Financial Planner (CFP) designation in 1990 from the Certified Financial Planner Board of Standards, his Accredited Investment Fiduciary Analyst (AIFA) designation in 2004 from Katz School of the University of Pittsburgh and the Center for Fiduciary Studies (Fi360) and Retirement Plan Associates (RPA) designation in 2006 from the Wharton School of the University of Pennsylvania and the International Foundation of Employee Benefit Plans.

Philip is a member of a number of investment advisory committees and has been a featured speaker and moderator on numerous panels on topics as varied as CIT, revenue sharing, retirement income, managed accounts and target date investments at national conferences. His whitepapers, commentaries and opinions can be found on the company website.

Eileen Huang, CFA


Senior Analyst

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Eileen plays an integral and important investment management role in quantifying client investment objectives and expressing them in the portfolio construction process. She values the relationship and trust that Chao & Company builds with its clients, and she strives to reinforce that trust through constant monitoring and evaluation to ensure that each portfolio stays on track and within the identified risk profile. Eileen is responsible for conducting fund search and manager analysis as well as preparing quarterly investment and portfolio analysis reports. She is responsible for maintaining the firm’s portfolio management system and the execution of trade orders.

Eileen joined Chao & Company in 1997. Previous to that she was the Assistant Manager for International Business Development at Win Kale Enterprise Co. where she was responsible for budgeting, forecasting and operational analysis.

Eileen received her Bachelor of International Business from the Fu-Jen Catholic University in Taiwan and her MBA in finance from the George Washington University in 1996. Eileen earned her Chartered Financial Analyst (CFA) designation in 2000 and is a member of the CFA Society of San Diego.

Amanda Pagenhardt


Client Relationship Director

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Amanda works every day to add value and respond to clients with a sense of urgency and purpose. Her goal is to develop welfare benefit programs for clients that meet the needs of both current and potential employees while maintaining the firm’s image and branding within the industry. Amanda also reports on current changes in the benefits regulatory environment that may be relevant to clients.

Amanda joined Chao & Company in 2005 and continues to be the primary resource for Human Resource and Benefits Managers to assist with myriad health and welfare benefit issues such as enrollments, claims adjudication, quotes and renewals.

Amanda graduated from the University of Maryland with a BA in Economics and George Mason University with an MBA. She is currently in the process of completing her Certified Employee Benefit Specialist Certification (an International Foundation of Employee Benefit Plans sponsored program) from the Wharton School of Business. She has currently earned the designation of Group Benefits Associate.

Dr. Charles C. Tu, CFA, LEED AP


Senior Consulting Strategist

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Charles Tu is the Daniel F. Mulvihill Professor of Commercial Real Estate at the University of San Diego (USD). He is also Director of the MS in Real Estate program at USDís School of Business Administration. Tu earned his Ph.D. from the George Washington University (GWU) in 1999 with concentrations in finance and real estate, and received the Chartered Financial Analyst (CFA) designation in 2000.

Tu is dedicated to conducting applied research that helps improve business decision-making. Integrating the areas of finance and real estate, Tuís research interest includes asset allocation, derivatives and alternative investments, and real estate capital markets. He has published in Journal of Portfolio Management, Journal of Fixed Income and Journal of Real Estate Portfolio Management on topics such as commercial mortgage-backed securities (CMBS), real estate investment trusts (REITs) and institutional portfolio performance.

In addition to graduate, undergraduate and continuing education courses at USD, Tu teaches advanced real estate finance courses for professional organizations such as the Urban Land Institute (ULI) and the Commercial Real Estate Development Association (NAIOP). He also authored Financial Literacy 101, a book that educates high school students about the importance of finance.