Max Zavanelli

MAX ZAVANELLI founded Zavanelli Portfolio Research in 1979. Due to the
success of his research for professional money managers, there was a
demand for ZPR to manage discretionary accounts. In 1982, Mr. Zavanelli
started managing discretionary accounts directly. In 1993, Zavanelli
Portfolio Research became three corporations and different legal
entities. ZPR Investment Management became the successor company, which
maintains the original SEC registration. ZPR Investment Management
currently has $97 million under management. In addition, approximately
$18 billion is being managed by other firms using research from ZPR
Investment Research. Prior to founding ZPR, Mr. Zavanelli was an
Investment Strategist at American National Bank in Chicago and a Senior
Financial Analyst at Mellon Bank. From 1990-1994, he held the position
of Distinguished George Professor, Chair of Applied Investments and
Research at Stetson University in DeLand, Florida. Mr. Zavanelli has a
distinguished military record. He was a commander of a nuclear weapons
battery in the U.S. Army ‘ having advanced from the rank of private. Mr.
Zavanelli has received considerable recognition as a chess master and
correspondence chess administrator. In over the board events, he has won
two state championships, tied for first place in the 1977 New York City
Masters Championship and won dozens of smaller tournaments. He is
responsible for all United States correspondence chess teams, including
the Olympic team. He serves as United States Ambassador to all other
countries. In 1993, Mr. Zavanelli was awarded the lifetime title of
International Arbiter.