OUR TEAM

We are engaged in the unending pursuit of improving everything we do, from constantly refining our investment process to delivering incredible customer service to our clients.

INVESTMENT MANAGEMENT & RESEARCH TEAM

Our portfolio managers have six decades of collective experience weathering the upturns and the downturns of the markets; each holds graduate degrees and CFA charters.

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Michael L. Conn, CFA

Chairman & Founder

Mr. Conn earned his BA from the University of Colorado at Boulder and his MBA from the Harvard University Graduate School of Business Administration. Michael has more than 40 years of investment experience.

Prior to Investment Management Associates, Mr. Conn was a vice-president and portfolio manager for Founders Capital Management and Founders Mutual Depositor Corporation. Earlier in his career he was a securities analyst with Financial Programs, Inc. and Wellington Management Company. more

Mr. Conn is a CFA charterholder and has served as president and director of the CFA Society of Colorado. less

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Vitaliy N. Katsenelson, CFA

CEO & Chief Investment Officer

Mr. Katsenelson joined IMA in 1997. He received both his BS and MS degrees in finance from the University of Colorado at Denver.

His two books, Active Value Investing and The Little Book of Sideways Markets, were published by John Wiley & Sons and have been translated into eight languages. His articles have appeared in Barron's, Financial Times, Forbes, Business Insider, CNBC, The Globe & Mail, and MarketWatch, among others. Vitaliy has also been a guest on CNBC, Fox Business, BNN, and Yahoo! Finance. more

Vitaliy has close to 20 years of investment experience and has taught a graduate investment class at the University of Colorado at Denver. He also speaks to investor organizations in the US and abroad.

Mr. Katsenelson is a CFA charterholder and has served on the board of the CFA Society of Colorado. Forbes magazine called him “the new Benjamin Graham”.

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Brendan Snow

Research Analyst

Mr. Snow is a research analyst at IMA. Prior to joining the firm, Mr. Snow was a financial analyst at The World Bank, where he worked on venture capital and agribusiness investments in emerging markets, as well as the co-founder of a software company focused on automated, goal-based saving for e-commerce. more

Mr. Snow has a Master's degree from Sciences Po Paris, and graduated summa cum laude from the University of Colorado at Boulder. less

INVESTMENT RESEARCH NETWORK

Our clients don’t just benefit from our in-depth stock analysis. We have spent several decades nurturing a wide international network of professional investors who help us find new opportunities and gain insights into our existing holdings.

With each investment decision peer-reviewed, we ensure higher quality and safety for our clients’ portfolios.

We also continue to develop this network through our annual conference, ValueX Vail

Our Investment Process

SERVICE & SUPPORT TEAM

We are always there for our clients. You can get in touch by phone or email and we’ll get back to you within one business day.

Lisa Martin

Director of Operations

Ms. Martin has over 30 years of experience in the investment industry. Most recently she was COO/CFO at Smead Capital Management. She received her bachelor's degree in Communications from Eastern Washington University.

Anton Kuratnik

Director of Marketing

Mr. Kuratnik is an experienced digital marketing specialist. Prior to his marketing career, he was a colon-cancer researcher at the University of Connecticut and published a number of research papers in the field.

Barbara Blachowicz

Vice President of Operations

Ms. Blachowicz manages our client and marketing communications.  She has been with IMA since 2017, working closely with the marketing and operations teams. She has degrees in Interior Design and Landscape Architecture from INTEGRAL Instituto Superior de Diseño.

Rachel Katsenelson

Office Manager

Ms. Katsenelson worked in investment industry since 2006. Until 2009 she worked as Director of Operations at PVG Asset Management. She received her bachelor degree in Marketing from University of Colorado at Denver.