Financial Management Association

The RIT Financial Management Association is a Saunders College of Business club dedicated to the advancement of student-centric investing. FMA manages a $250,000+ Stock and ETF investment portfolio.

Each week we discuss our portfolio standings, have stock pitches for both buying and selling, and have club discussion regarding news events.

Our meetings are every Wednesday from 6:30 - 7:30pm in GOS-A300.

Recent Pitch:


Thesis: We recommend selling EVBN due to their stagnant market share caused by fierce competition, escalating loan delinquencies, compressed net interest margins, decelerated mortgage growth, and substantial headwinds from the U.S. recession.

2022-23 Executive Board


Mike Penna

Michael Penna is a Senior student pursuing a Bachelor's of Science in Finance and a Bachelor's of Science in Management Information Systems with a Minor in Economics. He joined FMA in 2019, and promptly became the analyst for the Financial Sector, as well as Secretary. Michael completed his Series 7 and Series 66 before his Junior year, and is currently studying for the CFA exam. This past summer, he completed an internship at Goldman Sachs, working in Private Wealth Management.

Portfolio Manager

Eddie DiTomasso

Eddie is a third-year in Saunders College of Business studying Finance and Management Information Systems. He joined FMA in 2020 and was an analyst for the technology sector before becoming portfolio manager and vice president. Eddie recently completed a summer internship at Goldman Sachs where he worked in Structured Credit Product Control.


Carlos Bindert

Carlos is a third-year student at RIT majoring in Supply Chain Management, striving towards the goal of a world driven by technology that works better for everyone. Within FMA, he oversees the club budget and website. Beyond FMA, he is the Chief of Staff for the Institute for Youth in Policy, a 501(c)3 nonprofit.


Caleb Chaponis

Caleb is a student at Rochester Institute of Technology attending for a bachelors in Mechanical Engineering Technology and a minor in Business Administration. Engineering and finance are his main focus's, and while he is proficient at either he is best used where both are applicable.