Team
Joseph R. Shaposhnik
Portfolio Manager
Mr. Shaposhnik is portfolio manager of the Rainwater Equity ETF and the Founder of Rainwater Equity, LLC. Before establishing the firm, he founded TCW’s New America business unit in 2015, where he led and served as portfolio manager of a suite of investment strategies, including the TCW New America Premier Equities Fund/Compounders ETF (GRW), Global Premier Sustainable Equities UCITS, and Global Space Technology Equities portfolios. Under his leadership for nearly a decade, the TCW New America Premier Equities Fund/Compounders ETF (GRW) was ranked the top-performing fund out of 343 peers in its U.S. Large Cap Core Equity category by Nasdaq eVestment. Before joining TCW in 2011, he was an Equity Research Associate at Fidelity Management and Research Company, where he covered the semiconductor and entertainment software sectors for the firm’s U.S. domestic equity funds. Mr. Shaposhnik holds a BS in Business Administration from the Haas School of Business at the University of California, Berkeley, and an MBA from the UCLA Anderson School of Management.
Patrick Carolan
Marketing and Distribution (Consultant)
Patrick Carolan is a senior investment management executive with more than 25 years of experience leading marketing and distribution efforts for nationally recognized firms. As Co-Founder of Endeavour Investment Partners, he works with boutique asset managers to develop strategic positioning, launch products, and build institutional and advisor relationships that drive long-term growth. His background includes senior roles at Century Capital Management, where he served as Managing Director of Marketing and Sales, and at Fidelity Investments, where he was Vice President of Market Management. At Wilshire Associates he served as VP and Director of Mutual Funds and began his career with GT Global Mutual Funds, managing national accounts across wirehouses, IBDs, and RIA platforms. He holds a B.A. in Economics from Fairfield University and FINRA Series 7, 24, 63, and 65 licenses.
Libby Liebig
Chief Compliance Officer
Libby Liebig is a Compliance Consultant serving SEC-registered investment advisors in compliance and regulatory matters. Prior to joining Fisolve in June 2023, Ms. Liebig was the Deputy Chief Compliance Officer – Advisory for Stifel, Nicolaus & Co., Inc. and Chief Compliance Officer for Washington Crossing Advisors, a subsidiary of Stifel. Prior to Stifel, she was Deputy Chief Compliance Officer at Mercer Investment Consulting, Chief Compliance Officer for NorthPointe Capital, LLC, an equity-only institutional investment management firm, and Vice President and Compliance Officer for HarbourVest Partners, LLC, a multi-billion dollar private equity firm in Boston She received her BSc in Business Management from the University of Phoenix – Boston and her MBA from the New England College of Business and Finance.