Our Team

Stephen Blumenthal founded CMG Capital Management Group, Inc. in 1992. Mr. Blumenthal is CMG’s Executive Chairman and Chief Investment Officer. Mr. Blumenthal began his career at Merrill Lynch in 1984 and he has over 36 years of investment management and industry experience. Mr. Blumenthal is a frequent speaker and writer on investment strategies.  In 2020, Steve released his first book, published by ForbesBooks, titled, On My Radar: Navigating Stock Market Cycles – How to Grow and Defend Your Wealth. Steve is a Forbes Contributor where he writes investment commentary on the global macro economy. He has been featured in The Wall Street Journal, Barron’s, Investor’s Business Daily, Pensions & Investments Magazine, Investment News, and ETF.com. Mr. Blumenthal has appeared in various media outlets, including Bloomberg, CNBC, and Fox Business News. Mr. Blumenthal is the author of the popular weekly “On My Radar” e-letter, which helps investors, advisers and institutions gain a deeper understanding of the forces driving the economy and investment markets.

Mr. Blumenthal graduated with a Bachelor of Science degree in Accounting from Pennsylvania State University. He is married and has six children. He is an avid golfer, skier, and, with his children full-grown, loves watching his wife coach youth soccer.

PJ Grzywacz joined CMG Capital Management Group, Inc. in 1997 where he currently serves as the President.  Mr. Grzywacz is responsible for the firm’s corporate strategy and for the day-to-day management of CMG and CMG’s family of mutual funds.  Mr. Grzywacz is also a frequent writer on macroeconomics, geopolitics and the firm’s strategies and research.  Mr. Grzywacz has over 20 years of experience in tactical and alternative investments and previously served as Chief Compliance Officer and CMG’s Head of Investment Research with responsibility for due diligence, manager sourcing, and proprietary investment research.  Prior to heading the firm’s research team, Mr. Grzywacz managed administration, accounting, and operations for the firm and was responsible for the structuring of the firm’s alternative investment strategies.

Mr. Grzywacz is a member of Vistage International, the largest peer-to-peer membership organization for business owners and executives in the world.  Mr. Grzywacz graduated from Carnegie Mellon University with Bachelor of Science degrees in Finance and Marketing and a minor in International Affairs. Mr. Grzywacz also completed studies in European politics and economics at the Jagiellonian University in Krakow, Poland and courses on the European Union, European history and French at the Institute for American Universities in Aix-en-Provence, France.

Michael Hee, FSA, MAAA, joined CMG Capital Management Group, Inc. in 2009 where he is currently the Head of Investment Research. His primary responsibilities are to develop CMG’s investment strategy offerings as well as all aspects of investment research.  In this role, Mr. Hee develops proprietary investment strategies as well as monitoring and evaluating CMG’s current strategies drawing on decades of experience in financial risk modeling. Mr. Hee has over 20 years of risk management experience in insurance, finance, and business consulting.

Prior to joining CMG, Mr. Hee worked as a consulting actuary, providing financial risk management solutions for clients. Through his extensive risk modeling background, Mr. Hee has advised companies on design, pricing and funding of insurance plans and various reinsurance coverages. Michael is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. In addition to his actuarial credentials, Mr. Hee holds a Master of Science degree in Mathematics from West Chester University of Pennsylvania where he researched various areas of mathematics including numerical analysis, number theory, and algebraic topology. Michael also holds a Bachelor of Science degree in Mathematics with a concentration in Economics from the University of Delaware.

Avi Rutstein has over 15 years of experience in the financial services industry as a trader, advisor and wholesaler. Mr. Rutstein joined CMG Capital Management Group, Inc. in 2006 and serves as Managing Director and Head of Distribution. Mr. Rutstein is responsible for directing the overall sales and distribution strategy which includes building and developing the sales team along with new product/platform initiatives.  As a leader in tactical investments, Mr. Rutstein continues to grow the strong CMG brand and ensures advisors have the necessary resources to grow their practices.

Prior to joining CMG, Mr. Rutstein was a securities trader with Wheatley Capital Series Fund LLC, specializing in NASDAQ stocks. Earlier, he was a Financial Advisor with Metropolitan Life working with families and small businesses. Mr. Rutstein began his career at MarketVision, Inc. where he partnered in the launching of a direct marketing company.

Mr. Rutstein graduated from Pennsylvania State University with a Bachelor of Science degree in Management. He resides in Berwyn, Pennsylvania where he enjoys spending time with his wife and two sons. Mr. Rutstein holds a FINRA Series 65 license.

John Mauldin joined CMG in 2018 and serves as Chief Economist and co-portfolio manager of the CMG Mauldin Smart Core Strategy. Mr. Mauldin is a noted financial expert, a New York Times best-selling author, a pioneering online commentator and the publisher of one of the first publications to provide investors with free, unbiased investment information and guidance – “Thoughts from the Frontline.” Mr. Mauldin has long been helping individual investors and institutions better understand the forces driving the global economy and financial markets. Together with Mauldin Economics, Mr. Mauldin proudly hosts the Strategic Investment Conference, an annual gathering of some of the world’s most brilliant economists and analysts. Additionally, Mr. Mauldin’s books have appeared on the New York Times best-seller list four times and include Endgame: The End of the Debt SuperCycle and How It Changes Everything, Bull’s Eye Investing, Code Red and Just One Thing.

Luis joined CMG in 2020 where he serves as CMG’s Head of Investment Strategy & is the Senior Wealth Manager for CMG’s Private Wealth Group.  In addition to Luis consulting institutional clients and advising high net worth families, Luis is responsible for influencing the firm’s direction in asset allocation across market environments, sourcing private fund & private deal opportunities, performing due diligence with CMG’s research team, establishing strategic relationships with asset managers, and other investment, operational, and client experience functions.  ​Luis periodically speaks at institutional investor and family office conferences where he discusses topics including manager selection, due diligence, global markets, geopolitics, public & private market investment opportunities, thematic investing, ESG investing, and other topics.

Prior to joining CMG, Luis Co-Founded a private investment company, Helix Capital Group, LLC, where he served as the firm’s Chief Investment Officer and Co-Portfolio Manager.  Prior to co-founding Helix Capital Group in 2013, Luis was a hedge fund analyst at the quantitative equity market neutral fund, D2 Capital.  A former entrepreneur in finance & real estate during his collegiate years at Brown University, Luis also has industry experience from independent consulting engagements with publicly listed & private companies ranging from startups to multibillion-dollar, multinational firms across sectors & industries including banking & capital markets, consumer packaged goods, manufacturing, freight transportation, healthcare services, education, and others.

Luis’s educational background is rooted in social science, management & accounting, and mathematics & statistics.  Luis is a former Ph.D. Candidate (ABD) and M.A. degree holder at the University of Pennsylvania, as well as Brown University college graduate and former Johns Hopkins University post-graduate student in the biomedical & physical sciences.  Luis’s doctoral research empirically assessed the impact of revolutions, war, and conflict on markets, commerce, and trade.  When not engaging institutional investors and families, Luis enjoys spending time with his wife, Jacquelin, and two children at their South Florida home in Coral Gables, Florida.​

Brian Schreiner joined CMG Capital Management Group, Inc. in July of 2015 as Senior VP of the Private Wealth Group. He has more than 19 years of investment experience serving individual investors, families and small businesses. Prior to joining CMG, Mr. Schreiner was President and Chief Operations Officer of Schreiner Capital Management, Inc., a registered investment advisor firm that specialized in managing tactical investments.

Mr. Schreiner holds a B.S. in Business Administration from Widener University.  His writings and commentaries appear often in industry publications and he is a frequent speaker at industry events as well as at regional and national conferences.  Mr. Schreiner holds a FINRA Series 65 license.

Adam Agosti joined CMG Capital Management Group, Inc. in 2011 and currently serves as Director of Operations and Trading. Previously, Mr. Agosti served as Senior Trader with responsibility for the trading of both the managed account and mutual fund strategies. He is a member of the Global Investment Performance Standards (GIPS) committee and plays a key role in calculating and reporting the performance of those strategies.

Mr. Agosti graduated in 2011 with a Bachelor of Science degree in Management and Finance from La Salle University.

Michael Tumolo, CMT is a quantitative researcher and product developer for CMG Capital Management Group. Michael’s primary responsibilities include quantifying, testing and validating CMG’s investment strategy offerings, as well as creating new adaptive reasoning investment models. Mr. Tumolo draws on his extensive modeling and trading experience in strengthening CMG’s investment research department.

Mr. Tumolo has been analyzing the markets since 1997. He has traded stocks, ETFs, options, futures, forex and has been developing quantitative models and managing portfolios since 2000 for RIAs and research firms. Mr. Tumolo currently conducts research via the AmiBroker and Excel platforms.

Mr. Tumolo is a U.S. Navy veteran who holds a B.S. in Finance from Columbus University as well as an Associate’s degree in Electronics Engineering from RETS Education Center. Mr. Tumolo is a member of the CMT Association, the Algorithmic Traders Association and the Market Technicians Association.

Linda Cianci joined CMG Capital Management Group, Inc. in 1998. She currently oversees the Client Relations Team and manages the internal administrative staff.   Ms. Cianci has extensive experience in client account management and customer service. She works directly with all CMG clients and advisors as well as related custodians, mutual fund companies and institutional brokerage firms.  Ms. Cianci relishes nurturing relationships and ongoing customer engagement and has exceptional interpersonal skills.  Prior to joining CMG, Ms. Cianci held key administrative positions with Apria Healthcare and Novacare.

Ms. Cianci earned the Dale Carnegie Leadership Certification in the fall of 2015.  Ms. Cianci is married and enjoys spending time with her family.

Charlene Allen joined CMG in June of 2021, as the most recent addition to the Client Relations Team, in the capacity of Client Relations Representative. She is a seasoned professional and comes to us having a wealth of knowledge and experience in client care in the financial services industry in Jamaica. She believes in going the extra mile to ensure that all clients’ needs are exceeded.

Mrs. Allen holds a Bachelor of Science in Business Administration, finance emphasis, from Northern Caribbean University in Jamaica. She also has certifications in counseling, speaking, success habits and problem-solving and is currently pursuing her real estate license. She is also an artist, enjoys reading and spending time with her family.

Jorge Llamas Jr. joined CMG Capital Management Group, Inc. in September of 2022 as a Client Relations Representative.  Mr. Llamas supports both the administrative and operations teams, working directly with CMG clients and advisors on the new account process.  Mr. Llamas comes to CMG with an exceptional background in client services and operations.  Prior to joining CMG, Mr. Llamas worked for Wells Fargo as a Home Loan Processor managing new home loans, processing necessary documentation to underwrite while interacting with clients to ensure and exceed expectations.

Mr. Llamas is a U.S. Navy veteran who served at the Portsmouth Naval Hospital in Portsmouth, Virginia and onboard the Ticonderoga-class guided missile cruiser USS Monterey (CG-61) based out of Naval Station Mayport, Florida. He is also a musician, enjoys mixed martial arts and spending time with his wife and two sons.

Amy McOsker joined CMG Capital Management Group, Inc. in October 2018 where she currently serves as Executive Assistant to Stephen Blumenthal, Executive Chairman and Chief Investment Officer. Mrs. McOsker recently expanded her role supporting the Client Relations Team. She brings an extensive background in organization and project management skills. Before joining CMG, Mrs. McOsker served as a Marketing Specialist and Event Coordinator in the health care industry, working with external agencies and vendors to execute marketing programs. She previously owned and operated a boutique corporate gift and event business featuring gourmet cookies and sweets of her creation.