About us
FCF Advisors specializes in free cash flow investment strategies.
No one else analyzes companies like we do

The TrimTabs name has always been associated with the highest quality research and analysis.

TrimTabs Investment Research (which was sold to Informa in 2017) continues to lead the way in equity liquidity analysis.

FCF Advisors (which was launched as TrimTabs Asset Management in 2011) is the home for all of our free cash flow-based strategies and research.


Minority investment from a family office facilitates TrimTabs Asset Management spinning out from TrimTabs Investment Research

Multi-factor investing model built around shares reduction, free cash flow growth and change in leverage

Sub-advises AdvisorShares’ TrimTabs Float Shrink ETF (TTFS)


Family office investor purchases majority stake in TrimTabs Asset Management

Expands research function and enhances investment strategy with multi-factor model rebuilt to focus more completely on free cash flow profitability

Significant investments made into product development


US free cash flow ETF (TTAC) launched (renamed Free Cash Flow Quality ETF in Dec 2020)

Separately Managed Accounts (SMAs) made available to investors


International free cash flow ETF (TTAI) launched (renamed International Free Cash Flow Quality ETF in Dec 2020)


TrimTabs Quality Model (TTQM) consolidates our further free cash flow research into a refined multi-factor model with the focus on identifying companies with strong and sustainable profitabilit


TTAM Index (Free Cash Flow Index Provider) launches


Ex-Goldman Sachs Partner Bob Shea joins as CEO

TTAM Index secures first client


TTAM renamed to FCF Advisors and TrimTabs Quality Model (TTQM) renamed to Free Cash Flow Quality Model (FCFQM)

Bob Shea

Bob leads the FCF Advisors team and heads the Investment Committee as Chief Investment Officer. He joined us in 2020 from Donoghue Forlines, the Boston-based tactical investment firm, where he was President and Co-Chief Investment Officer. Bob co-founded JAForlines Global in 2009, an investment management company specializing in global tactical strategies. This business was acquired by W.E. Donoghue & Co in 2017 to create Donoghue Forlines.

Bob has also held senior positions with Tegean Capital, AsiaSource Capital and Goldman Sachs, where he was a Partner in charge of Cash Equities Trading and served as a member of Goldman’s equities division Risk and Global Trading Committees.

Bob has been featured on CNBC on network programs such as Power Lunch, Squawk Box, and ETF Edge. In his downtime Bob is an avid outdoorsman, spending his time skiing, hiking and fly-fishing.

Derin Cohen

Derin manages our day-to-day operations and also acts as Chief Compliance Officer. He joined us in July 2017. Prior to joining, he performed various operations, compliance and internal control functions covering mutual funds, closed-end funds, and exchange traded funds.

Derin received his Bachelor of Arts and Sciences in Economics from the State University of New York at Buffalo.

Derin is a keen traveller, taking particular delight in exploring new cultures and cuisines. He splits his time between New York and Tel Aviv.

Vince (Qijun) Chen

Vince leads the research and development of firmwide investment strategies and is responsible for the portfolio management of our Active ETFs, SMAs, and Indices. He joined us in October 2017 as a Quantitative Analyst. 

Vince earned his Master of Science in Quantitative Methods and Modeling from Baruch College, and a Bachelor of Economics from the Guangdong University of Foreign Studies. He is an active CFA Institute member. 

On weekends, Vince enjoys stand-up paddleboarding, swimming, playing soccer, and spending time with his family and friends. 

Jiaqi Liang
Portfolio Risk Analyst

Jiaqi supports the Research team in developing investment risk models for firm-wide equity strategies. She is responsible for designing and maintaining performance and risk attribution reports. She is also an active contributor to FCF’s quantitative research efforts.

Jiaqi is pursuing her Master of Financial Engineering from New York University, and previously she graduated with Honors in Finance from Fisher College of Business of the Ohio State University.

Jiaqi is a food lover. She enjoys exploring cuisine from around the world in New York.

Ryan Corelli
Marketing and Business Development Analyst

Ryan is dedicated to uncovering insights that drive business growth. He is passionate about understanding market trends and consumer behavior to help our company make informed decisions and develop effective marketing strategies.

Ryan is pursuing a degree in Finance at the Kelley School of Business at Indiana University.

Ryan is from Westchester County, New York and enjoys playing various sports, especially golf and basketball. Ryan loves to travel and looks forward to spending time with friends and family.

Shiqi Hu

Shiqi works closely with the Investment and Research team to develop firmwide investment and risk models. She manages the pipeline for the research distribution and stakeholder relationship, ensuring timely and accurate dissemination of research insights. Shiqi is an active contributor to FCF’s quantitative research efforts.

Shiqi holds a Master’s degree in Operations Research from Columbia University, as well as an Honors degree in Financial Mathematics and Economics from the University of California, Santa Barbara.

During her free time, Shiqi enjoys traveling to new places and staying active through sports such as skiing and table tennis.

Ziyu Qiao
Portfolio Research Analyst

Ziyu works closely with the investment and research team in conducting incisive fundamental and earnings quality analyses, shaping investment strategies, and deciphering market trends. His work revolves around exploring key investment fundamentals, crafting comprehensive company reports, and developing robust valuation framework policies. He is an active contributor to FCF Institute.

Ziyu is pursuing his Master of Science in Accounting and Fundamental Analysis from Columbia Business School, and he holds a Bachelor’s degree with double majors in Economics and Business & Finance from NYU Shanghai.

Ziyu’s commitment to his work is matched by his enthusiasm for physical fitness and cultural exploration. He enjoys working out and traveling extensively, taking every opportunity to immerse himself in diverse cultures around the world.

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