Marino's request for a detailed economic analysis of the move was no surprise to his advisers. "Dan has always been someone who asked: `Am I doing OK?"' Demoff said. "He always worries."
Today about 60 percent of Marino's liquid portfolio is in stocks, and the balance in tax-free bonds. The money is managed by Frankel, who has worked with Marino since 1984. Over the last six years, the equity portfolio has risen 7 percent on an annualized basis, exceeding the S&P 500 by more than 1 percentage point a year.
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