Management Biographies

Herb W. Morgan
President & Chief Investment Officer, Efficient Market Advisors, LLC

Herb W. Morgan is CEO and Chief Investment Officer of Efficient Market Advisors, LLC (EMA), which he founded in 2004. Considered to be one of the nation’s premier experts in the area of Exchange Traded Funds, he is the creator of the Efficient Market Portfolios Account, a unique low cost, tax-efficient investment account that utilizes Exchange Traded Funds. (ETFs)

Prior to becoming CEO of EMA, Mr. Morgan held the post of Senior Vice President of Advisory at Linsco/Private Ledger Financial Services, Inc. His role involved leading the nationwide business efforts, and managing LPL’s entire advisory account offerings. Mr. Morgan was also Sr. Vice President with Dreyfus as well as Sr. Vice President with ING Funds group. (Then known as Pilgrim Funds) From 1990 to 1996 Herb held positions with J&W Seligman & Co. Herb Morgan graduated from The University of California, Santa Cruz with a Bachelor of Arts Degree in Economics. (Honors)

Mr. Morgan has been interviewed by multiple publications including Forbes Magazine, CBS Market Watch, Business Week, Investment News and The Wall Street Journal.  Mr. Morgan has also been a guest on Fox News and CNBC television.  Additionally, Herb has served as an expert witness in cases involving mutual fund trustee fiduciary liability. Mr. Morgan serves on the Advisory Council of Orion Advisors Services, LLC. 

In 2008 Mr. Morgan initiated The Homeowner Empowerment Act of 2008 (HR 5776) which was introduced in the US House of Representatives by Congressman John Shadegg of Arizona. The bill which has 24 co-sponsors is currently in committee.

Herb serves as a member of the Board of Administration of the San Diego City Employees Retirement System (SDCERS) where he is a member of the Investment Committee.

Mr. Morgan is involved with philanthropy in education where he serves on the board of directors of The Foundation Chapter of Theta Chi Fraternity, Inc. which provides academic scholarships to deserving undergraduate and post graduate students.  He is chair of the Investment Committee.

Jeffrey C. Anderson, Jr.
Vice President - National Sales Manager

In addition, to serving as COO he also is a member of the Investment Policy Committee. Mr. Anderson comes to EMA with 18 years of financial services experience.

Mr. Anderson most recently was President of StandSure Wealth Management an independent investment advisory firm. Prior to founding StandSure Wealth Management in 2003 Mr. Anderson worked for Smith Barney as a Financial Consultant (1996-2003) and Tullett and Tokyo Forex as an inter-bank broker (1989-1996).

Mr. Anderson holds an MBA from Pepperdine University (1993) and a BA from the University of California, Los Angeles (1989). In addition, he also holds a Professional Certificate in International Business from the Thunderbird School of Global Management (1990) and attended the graduate seminar of International Finance at London University (1989).

Todd Volkman
Managing Director and member of the Investment Policy Committee

Mr. Volkman is Managing Director and member of the Investment Policy Committee. Todd also is responsible for private client and institutional client development.

Prior to joining EMA, Todd held the post of Vice President and Investment Sales Manager with Wells Fargo Wealth Management. At Wells Fargo, he successfully launched and marketed various disciplined asset allocation strategies to affluent clientele and fiduciary solutions to retail brokerage clients. From 2004 to 2008, Todd served as Vice President and Regional Investment Consultant for Bank of America Global Wealth Management, where he was responsible for the launch and implementation of strategic asset allocation solutions for clients. Mr. Volkman has served as a Vice President with both Dreyfus Investments (1999 – 2004) and also Van Kampen Investments (1997 – 1999).

Todd holds a BA in Finance from Southern Illinois University at Edwardsville. Todd resides and offices in Dallas, Texas.

Austine Crowe
Regional Sales Director, Efficient Market Advisors, LLC

Mr. Crowe joined Efficient Market Advisors, LLC in 2006 and is presently the Regional Sales Director and a member of the firm’s Investment Policy Committee.

Previously, Mr. Crowe was Executive Vice President, Chairman of the Investment Committee and lead portfolio manager at T.O. Richardson Company, Inc.  Mr. Crowe was portfolio manager for TO Richardson’s  Sector Rotation and Enhanced Index mutual funds. Prior to this, he was a commercial pilot with Eastern Air Lines, Inc where he served on the Air Line Pilots Association Retirement and Insurance Committee.

Mr. Crowe graduated, with merit, from the United States Naval Academy with a Bachelor of Science degree with majors in Mathematics and Aeronautical Engineering.