The Matisse Team

Bryn Torkelson

Founder, President and Chief Investment Officer

• More than 30 years of investment experience with institutional investors and family offices
• Evaluation of successful hedge fund managers and predictive patterns
• Fund-of-funds portfolio manager (Matisse Absolute Return Fund)

Bryn founded Deschutes Portfolio Strategies, the adviser to the Matisse products, in 1997. Bryn launched the Matisse Absolute Rate of Return Fund in 2002. Prior to that, he was senior vice president, managing partner, and perennial Chairman’s Club member at Dain Bosworth, Inc. (a former NYSE company), where he worked for 10 years. He started his investment career at Smith Barney Harris Upham in Seattle. He received a BS degree in finance from the University of Oregon in 1980.

Eric Boughton, CFA

Portfolio Manager and Chief Analyst, Matisse Discounted Closed-End Strategy

Eric brings more than 15 years of investment experience to Deschutes Portfolio Strategies — the adviser to the Matisse products. Previously Eric was a Portfolio Manager and Analyst with 1st Source, where he co-managed a publicly traded mutual fund, created the firm’s outside mutual fund recommended list, analyzed individual equity securities, generated investment commentary, and devised a quantitative approach to fundamentals-based security selection. Eric has managed the Matisse Discounted Closed-End Strategy since 2006.

Eric received a BS degree with distinction in mathematics from the University of Houston in 1997, is a Registered Investment Advisor, and is a CFA (Chartered Financial Analyst) charter holder.

Jim Mendenhall

Vice President of Business Development

Jim joined Matisse in February 2012, after providing consulting services to the firm since 2010. Over the previous 30 years, he owned a variety of businesses, including Ownco Marketing (sold to Boise Cascade in 1996), Brand Athletics (sold to Lids in 2010) and Sportech Inc. (sold to Fieldturf in 2010). Jim, who has a BA degree in political science from Oregon State University, has served on a variety of nonprofit boards, including those of Raphael House and Oswego Heritage Society. He has also been a trustee of Oregon State University.

Dan Sholian

Senior Consultant

In 1997 he helped start Deschutes Portfolio Strategies with Bryn Torkelson. Previously, Dan worked with Bryn at Dain Bosworth as a consultant to retirement plans and high-net-worth individuals. Before that, Dan was with Ragen Mackenzie and Shearson Lehman, both in Seattle. Dan has been in the investment business since 1982. He received his BS degree in finance from the University of Oregon.

Axel Flichtbeil

Senior Consultant

Axel’s focus is on advising both corporate retirement plans and individual clients. His 30 years as a senior financial and operations executive, as well as a retirement plan trustee, for a variety of healthcare practice and service companies affords him unique perspective on the challenges faced by Plan fiduciaries. Throughout his career Axel also provided individual financial planning and guidance for both owners and employees.

Although Axel began his investment career as a trustee and CFO responsible for corporate and retirement assets, he officially joined the investment industry in 1993 at Kemper Securities. Shortly thereafter he co-founded Investment Management Consultants. In 1997 Axel took a leave from the investment industry to serve as CFO of an Internet healthcare company he co-founded (WellMed). When WellMed was acquired by WebMD in 2002, Axel returned full-time to the investment industry as a senior consultant for Heintzberger|Payne and coincidentally provided consulting support to Deschutes retirement plan clients during his tenure there. In 2015 Axel moved his practice to Deschutes.

Axel graduated Phi Beta Kappa from Reed College with a BA in mathematical economics in 1973. Axel is married with 4 grown children and 4 grandchildren. He enjoys listening to classical and jazz music and keeping up with current events and the financial markets, but mostly enjoys his kids and grandkids.

Deirdre Higdon

Operations Manager

Deirdre joined Deschutes, the advisor to the Matisse products, in 2014, and brings eight years of experience in operations and administration at financial firms. She provides support to the firm’s corporate retirement plan clients and employees, as well as working with record-keeping and custodial partners. She is also responsible for facilitating client requests and meeting the team’s internal administrative and operational needs. Deirdre attended the University of California, San Diego, where she graduated with a Bachelor of Arts with honors in political science and economics. She has lived in Portland for three years, and enjoys exploring the city with her husband and young son.

Rebecca Wei, CFA, CIPM

Performance and Research Analyst

Rebecca joined Deschutes, the advisor to the Matisse products, in 2013 and specializes in performance and research-related analysis and reporting. Her previous experience involved a position at Pension Consulting Alliance, Inc., a firm focused on providing consulting services to large public defined-benefit plans. She carries over nine years of experience in the field.

Rebecca moved to the Unites States from Beijing, China when she was 13 years old. She received her undergraduate degree from UCLA and her Certificate in Performance Measurement and the CFA charter from the CFA Institute. Rebecca is a dedicated mother and enjoys volunteering at her kids’ schools as well as in the local community.

Nik Torkelson

Finance and Marketing

Nik joined Deschutes, the advisor to the Matisse products, in 2013 and handles internal finance and marketing responsibilities. For the Matisse products, he oversees Bookkeeping, A/R & A/P, Company Billing, Production of all Sales & Marketing Materials, Website Management & Development, and Newsletter & Email Distributions.

Nik received a Bachelors of Science in Honors Business Administration, Finance, from the University of Oregon. In his spare time Nik enjoys playing golf and rooting on his Oregon Ducks.

Patty Good

Client Services

Patty manages all aspects of office administration and provides internal staff support. She is responsible for interfacing with vendors, preparing materials for client presentations, and providing support to the executive team. Patty brings 20 years of experience in administrative support to Deschutes and Matisse.

Dr. James Reinmuth

Advisory Board Member

James is professor and dean emeritus of the University of Oregon’s Lundquist College of Business. He is a distinguished academic with many publications, including more than 40 articles on business planning and analysis, as well as coauthor of the textbook Statistics for Management and Economics.

Throughout his career, he has worked closely with businesses, both as a consultant and business owner, and has served on corporate boards in the United States and Asia. He is very knowledgeable about the financial management of large institutional organizations, having served as the interim president and CEO of the Oregon State University Foundation from 2003 to 2004.