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David M. Haviland

David M. Haviland
Dave is the Portfolio Manager of Beaumont Capital Management’s (BCM) Investment Strategies as well as a Managing Partner of BCM. He chairs the BCM Investment Committee and serves on the Beaumont Financial Partners (BFP) Asset Allocation and Investment Committees. His overall responsibilities include portfolio management, product creation, and ongoing business development. With three decades of experience, Dave has worked in the financial industry since 1986 and has spent most of his career as an investment advisor. His advisory background has provided him with a unique perspective on managing the BCM Strategies. In 1993, Dave joined his father at H & Co. Financial Services and in October 2000, under his management, Dave merged H & Co. into Beaumont Financial partners (BFP). In 2009, Dave created the BCM division and has been the steward of BCM’s rapid yet purposeful growth. Outside of the office, Dave has always been active in his community. He has served as Treasurer for several organizations, volunteered six years on the Dover School Committee, including multiple chairmanships, and currently serves as Dover’s Assistant Town Moderator. Dave enjoyed coaching his three boys in just about every sport; he and his wife Kate, along with their sons, are active trap and skeet enthusiasts and registered Therapy Dog handlers. Dave is a graduate of Deerfield Academy and an honors graduate of the University of Vermont. Dave is supported by our team of research analysts who also serve on the Beaumont Investment Committees. The team employs a discretionary and quantitative investment process to provide upside participation while minimizing losses.
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Recent Posts

Special Update From BCM Portfolio Manager: Coronavirus and Current Market Conditions

March 20, 2020
The emergence of COVID-19 and its rapid spread have sparked an exceptional market meltdown and a fundamental restructuring of our ...

Recent Repo Market Fiasco and Intervention

March 3, 2020
Recently a reader asked us to explain “the recent Repo Market Fiasco and the Fed’s intervention,” as well as the consequences and outcomes. For those of you who regularly read our blog, we first included a chart on this subject on September 23, 2019.  The answer is fairly technical, but let’s focus on some charts to show the enormity of the issue first.

From the Desk of the PM - Update on Market Selloff and and Coronavirus Fears

February 27, 2020
With the sudden drop in the global equity markets, we thought it might be helpful to remind everyone about where we have been, where we are now, and share some helpful source information.   Before we discuss the virus, let’s go back and remind everyone that U.S. large cap stocks, after demonstrating a decade of leadership, may have gotten ahead of themselves from a valuation standpoint. As the chart below from Ed Yardeni Research shows, the forward P/E of the S&P 500 reached 19X—which is a level not seen since the Dot.com bubble ...

Debunking Some Bunk: Is September Really That Bad a Month?

September 10, 2019
Sometimes our industry grabs on to a concept and cannot let it go. Is September the worst month from a performance standpoint? Does it always/mostly go down? Should one avoid the markets in September? Let’s take a quick look.

Finding Total Return in an Ultra-low Interest Rate Environment

September 5, 2019
Your clients need to withdraw 4-5% a year, but interest rates are setting record lows. Here’s what you can do to help get them there.

Buying the Dips: When Does this Approach Run the Most Risk?

March 14, 2019
Updated: Feb 19, 2020   About a year ago now, Fidelity, in their 1Q19 Market Update,suggested that the U.S. wass following many ...

Changes to the Aggregate Bond Index that Advisors Should Know About: Part Two

March 5, 2019
Last week, we shared some facts about the Bloomberg Barclays Aggregate Bond Index (BBAB). (Missed it? Click here). Outside of the BBAB, there are a few more items that you may want to know about in the corporate bond landscape that may also surprise you and your clients.

Changes to the Aggregate Bond Index that Advisors Should Know About: Part One

February 28, 2019
In 2018, the Bloomberg Barclays Aggregate Bond Index (BBAB) eked out a whopping 0.01% return and thus preserved a rather remarkable streak of only having one negative year since 1999. What’s new in the evolving construct of the BBAB index, and do you know the risks that are creeping into the bond markets?