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About
Nicholas Favorito is an Equity Trader at Congress Asset Management in Boston, Massachusetts, where he has worked since 2021. In his current role, he is responsible for trading public equities and providing execution support across a range of strategies, with a focus on U.S. equities for institutional clients. His role also involves collaborating with portfolio managers to optimize trade implementation and ensure best execution practices within the firm's investment process.
Prior to joining Congress Asset Management, Nicholas was Head Trader at Anchor Capital Advisors LLC, where he managed a team of traders and oversaw all aspects of equity trade execution from 2019 to 2021. Before that, he served as Trader at Anchor Capital Advisors for eight years, gaining extensive experience in equity markets and building operational expertise in portfolio trading and risk management.
Nicholas holds a Bachelor’s Degree in Political Science and Government from the University of Massachusetts Boston. With over 23 years of experience in the financial services industry, he is recognized for his expertise in U.S. equity markets and his commitment to advancing trade process efficiency for asset managers and institutional investors.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Congress Asset Management | Equity Trader | Jun 2021 to Present | — |
| Anchor Capital Advisors LLC | Head Trader | Apr 2019 to May 2021 | Responsible for a staff of 3 traders and 8 strategies totaling $8.8 billion assets under management, all associated technology and relationships, policies, procedures, and training. |
| Anchor Capital Advisors LLC | Trader | Jun 2011 to Apr 2019 | Coordinating client needs and expectations to management, communicating market conditions to management, ensuring best execution of trades, daily trade settlement, compliance review and reporting of t... |
| Boston Financial Data Services | Senior Workflow Coordinator | Nov 2001 to Jun 2011 | — |
Education
University of Massachusetts Boston
Bachelor’s Degree, Political Science and Government
1999 — 2004
Skills & Expertise
Others at Congress Asset Management Co. /ma (20)
| Name | Role | Location |
|---|---|---|
 | Portfolio Manager and Vice President | Boston, MA , United States |
 | Vice President, Client Portfolio Manager | Boston, MA , United States |
 | Vice President - Portfolio Manager | Wakefield, MA , United States |
 | Equity Research Analyst | Boston, MA , United States |
J Jeff Kerrigan | Portfolio Manager | Boston, MA , United States |
J Joel Carpenter | Head Equity Trader | Boston, MA , United States |
 | Vice President - Portfolio Manager | Newton, MA , United States |
 | Equity Trader | Boston, MA , United States |
N Nicholas Koup | Equity Research Analyst | Boston, MA , United States |
 | Vice President, Portfolio Manager | Boston, MA , United States |
Similar Fund Managers
| Name | Role | Fund | Location |
|---|---|---|---|
A Anthony Hong | Research Analyst | Fiduciary Trust Co. | Boston, MA , United States |
 | Investment Officer - Vice President | Fiduciary Trust Co. | Boston, MA , United States |
A Andy Hatem | Equity Analyst | Boston Partners | Westwood, MA , United States |
 | Equity Analyst | Boston Partners | Hingham, MA , United States |
 | Portfolio Manager | Longfellow Investment Management Co. LLC | Boston, MA , United States |
B Barbara McKenna | Managing Principal and Portfolio Manager | Longfellow Investment Management Co. LLC | Boston, MA , United States |
