Avalon Research Group

Michael Margolies
Chief Executive Officer
mm@avalonresearch.com

Mr. Margolies has over 25 years of Wall Street experience. Prior to founding Littlebanc, Mr. Margolies was a Managing Director of Ladenburg Thalmann & Co., Inc. where he led the firm’s PIPE practice.  Mr. Margolies founded and served as CEO of independent research provider, Avalon Research Group Inc., from 1995 through its sale in 2004. With over 100 hedge fund and mutual fund clients, Avalon was a top rated independent research firm and founding member of Investorside Research Association, a non-profit trade association of investment research providers not engaging in investment banking. Prior to founding Avalon, Mr. Margolies managed long/short discretionary accounts for M.A. Berman & Co., a boutique money management and brokerage firm with more than $500 million under management. In the eighties to early nineties, Mr. Margolies managed discretionary accounts as a Senior V.P. and Limited Partner at Oppenheimer and Company in New York.

Hal Gassenheimer brings over 30 years of financial and general management experience to littlebanc.   Prior to joining littlebanc, Hal served as COO for a Receiver in a mortgage servicing entity.  Hal served as CFO and for Avalon Research Group until its successful sale. His career includes 23 years in executive positions with ExxonMobil where he developed expertise in international tax, legal and accounting matters; participation as a partner with responsibility for finance in several large real estate development projects where he arranged debt financing and handled reporting requirements with the banks; and 3 years as Treasurer of Cunard Line Limited, a division of Carnival Corporation where he rebuilt the controls, systems and procedures for cash management.  Hal also serves as CFO of Littlebanc Advisors, LLC.  He holds an MBA from Harvard University and a BS in Chemical and Metallurgical Engineering from the University of Michigan.