“The colossal failure of the mutual fund industry; resulting from (its) systematic exploitation of individual investors… as funds extract enormous sums from investors in exchange for providing a shocking disservice….Thievery even when dressed in the cloak of SEC-approved governance, remains thievery.”
David Swensen, CIO Yale Endowment

Mimi H. Boblitz
Mimi has over 30 years of Wall Street experience including her most recent tenure with Brown Advisory as a marketing associate in Baltimore, MD. She began her career with a local retail brokerage firm learning all aspects of administration and operations. Mimi later joined Alex. Brown & Sons, then America’s oldest investment banking firm. During her 20 years there, she focused on International institutional accounts and was instrumental in opening branch offices in London, Geneva, Paris and Tokyo. After Alex. Brown & Sons, Mimi joined First Union Securities, now called Wachovia Securities.
Jonathan E. Farber
Jonathan is a founding member of Passive Capital Management, LLC. Prior to founding PCM, he was a Managing Director in Institutional Equity Sales at Wachovia Securities in Baltimore from 2002 to 2006. He was also a Managing Director at Deutsche Bank Securities and its predecessors Banker’s Trust Alex. Brown and Alex. Brown & Sons from 1989 to 2002. For the past nineteen years, he has provided institutional equity research to institutions in Boston, New York, Philadelphia, Milwaukee and Chicago. His top clients included Fidelity, Massachusetts Financial Services, State Street Research, Artisan Partners, Northwestern Mutual Life, Strong/Wells Fargo Capital Management and BlackRock. Jonathan graduated magna cum laude from Oregon State University in 1979.
Scott D. Reinhardt, CFA
Scott is a founding member of Passive Capital Management, LLC. Prior to founding PCM, he worked at RJR Associates in Syracuse, NY and provided investment advisory services to institutions and individuals. He began his finance career as an investment banking analyst working on corporate financings at Alex. Brown & Sons in Baltimore, MD. He then worked in the Equity Capital Markets divisions of Deutsche Bank and Wachovia Securities in Baltimore and Boston. Scott completed the Chartered Financial Analyst (CFA) program in 2001 and graduated cum laude with a Bachelor of Arts degree in Economics from Princeton University.

While at Princeton, Scott was a member of the 1992 and 1994 NCAA Division I National Championship lacrosse teams.
David A. Trossman, CFA
David joined Passive Capital Management, LLC in May 2015. Immediately prior, he spent six years at Wilmington Trust managing the technology investments of a mid-cap growth fund. Prior to this, David spent fourteen years as a sell side analyst with Wachovia Securities (1999-2006), Legg Mason (1998-1999), and BT Alex. Brown and its predecessor Alex. Brown & Sons (1992-1998). David was awarded his CFA designation in 1992. He earned his Bachelor of Science in Economics from the Wharton School, University of Pennsylvania in 1988 and his Masters in Management from the Kellogg School, Northwestern University in 1992.
Jacob P. Asplundh
Jake joined Passive Capital Management, LLC in September of 2017. Prior to joining the firm he was an advisor with Greenspring Wealth Management, PNC Wealth Management, and Deutsche Bank Alex Brown. His background and experience will allow him to service individual and institutional clients. After growing up in Philadelphia, he earned his Bachelor of Arts in Economics from Gettysburg College in 2010 and his Masters of Management from Wake Forest University in 2011.
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