By Faye Kilburn
Following the news of his exciting promotion to Deputy CIO, Dan Mavraides gave an extensive interview to CityWire; he discussed the intersection of basketball and investing in his career, and mistakes that investors should avoid when planning out their financial futures.
Palo Alto, Calif.-based RIA Rebalance has appointed a new deputy chief investment officer.
Dan Mavraides, who joined the firm two years ago as its vice president of wealth management, previously competed with the USA Men’s National Team in 3×3 basketball. He represented the US in more than 25 international events in the sport, winning three national championships, and served as an Olympic ambassador for the International Basketball Federation’s (FIBA) 3×3 format at the Tokyo 2020 and Paris 2024 games.
In his new position, Mavraides joins Rebalance’s investment committee, assisting managing director and chief investment officer Mitch Tuchman with the broader management of client portfolios.
“I work with clients at our firm directly, and now I’ll be helping to think about our target portfolio allocations, the amount of risk across our portfolios, spending more time thinking about financial markets and portfolio construction, and any ways we can continually improve that with slight tweaks for our clients,” Mavraides told Citywire.
His newly created position aims to deepen the RIA’s investment bench, he added.
Rebalance’s investment committee is currently composed of Princeton professor emeritus Burton Malkiel; former chairman of the Yale Endowment Investment Committee Charley Ellis; Kristi Craig, the chief investment officer for the $1.4bn National Geographic endowment; and Jay Vivian, former managing director of IBM’s $100bn retirement funds.
Mavraides joined Rebalance in 2024. While he initially worked on the client-facing advisor side of the business, “the first 10 years of my career were heavily on the investment side and the plan, from my perspective, was always to be more involved on the investment side,” Mavraides added.
Mavraides was previously an investment advisor at Los Angeles-based RIA Evoke Advisors from 2019 to 2024. He joined Evoke through its merger with Advanced Research Investment Solutions, a wealth manager and outsourced investing business that advised on about $12bn in assets for pensions and profit-sharing plans. Evoke has since sold to mega-RIA MAI Capital Management.
Looking ahead, Mavraides said Rebalance’s broader strategic goals are to grow the business and help investors avoid financial mistakes.
“A lot of that comes through paying high fees, switching your investment strategy at the wrong time based on emotions, and having too much of a concentration in an individual risk exposure. That can be a single company, that can be a sector like AI, or that can be a whole asset class,” he said.
Back in 2019, Citywire wrote about Mavraides as he geared up to compete in the inaugural Olympic 3×3 basketball tournament at the 2020 Summer Olympics in Tokyo. He said he sees lots of parallels between the sporting world and investing.
“Some of the virtues are very applicable, and patience is one. When you’re a pro athlete and you’re training, you have to put in all of this extra time and work on your own,” he said.
Rebalance currently reports managing more than $1.9bn for about 600 clients. It has offices in Bethesda, Md., and Palo Alto, Calif.
