With more than 29 years of experience in the investment management business, Sam Grice leads the client accounting and financial reporting functions for domestic and international timberland investments at Forest Investment Associates (FIA). Sam started at FIA in 1994, and he serves on FIA’s Executive and Investment Committees. In addition, Sam is responsible for the calculation of client performance returns, client incentive fee calculations, and the management of client cash reserves and distributions.
Sam previously directed the investments for the equity and timberland assets of the Delta Air Lines pension plans. Prior to entering the investment management field, he held various positions in financial planning, industrial engineering and personnel benefits for Delta Air Lines and IBM Corporation.
What is your business philosophy?
Remember the past and have bold dreams for the future but focus primarily on the present and the opportunities of today. Be financially conservative, diversify your investments, be prepared and willing to take prudent risks, and produce a valuable product that benefits others and you will find success.
Why did you choose this field / career path?
Timberland has unique attributes as a real asset with a growth component that offers a guaranteed element of its return. I enjoy the honesty and character of most timberland professionals working to make our world and environment a better place.
What is one of the best lessons you’ve learned during your career?
A commitment to accuracy and a personal review of one’s work produces clarity, confidence and eliminates the need for future correction and restatement.