Richard Cloutier

Richard Cloutier

Richard Cloutier, Jr., CFA, is currently the director of research and a portfolio manager with Heritage Capital Management Inc. Founded in 1981, Heritage Capital Management Inc. is a wholly owned subsidiary of Wainwright Bank & Trust Company. Heritage manages equities, fixed income and balanced portfolios for individuals, families, trusts, corporations and endowments. Its objective is to provide clients with competitive performance results, minimal risk and personalized service.

Richard has 18 years of investment experience and holds an MBA from Boston University. He has previously served as the director of research at Wingate Financial Group, as an equity analyst at Common Ground Investments and as an equity and fixed-income trader at Fidelity Investments. He is a member of the Boston Security Analysts Society, the CFA Institute, Academy Health's Health Economics Interest Group and the Social Science Research Network. He is the author of the novel "Caveat Emptor" (2003).

  1. Taxes

    How Tax Cuts Stimulate the Economy

    Learn the logic behind the belief that reducing government income benefits everyone.
  2. Politics & Money

    How The Federal Reserve Manages Money Supply

    Find out how the Fed manages bank reserves and this contributes to a stable economy.
  3. Bonds / Fixed Income

    Convertible Bonds: Pros And Cons For Companies And Investors

    Find out why businesses choose this type of financing and what effect this has on investors.
  4. Bonds / Fixed Income

    How To Compare Yields On Different Bonds

    Find out how to equalize and compare fixed-income investments with different yield conventions.
  5. Bonds / Fixed Income

    Use Duration And Convexity To Measure Bond Risk

    Find out how this measure can help fixed-income investors manage their portfolios.
  6. Financial Analysis

    How To Use Gross National Product As An Indicator

    Learn what the GNP truly represents, and how its misuse can manipulate the facts.
  7. Bonds / Fixed Income

    The Risks Of Mortgage-Backed Securities

    Find out how weighted average life guards against prepayment risk.