Partner / Chief Investment Officer (CIO)
Chief Investment Officer at FirsTrust, LLC, a Fee-Only Financial Planning Firm in Daytona Beach, FL serving clients Nationwide from multiple office locations
Christopher Cannon is a Boca Raton, FL fee-only financial planner. FirsTrust LLC provides comprehensive wealth management, investment management, and trust and estate management to help clients organize, grow and protect their assets through life’s transitions. As a fee-only, fiduciary, and independent financial advisor, Christopher Cannon is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
Mr. Cannon oversees every client's investment portfolio at FirsTrust
Chris Cannon is proud to be a sixth-generation Floridian. As the son of public school teachers, he grew up with a keen understanding of the importance of education, hard work, deep community roots and a strong internal compass.
Mr. Cannon graduated in the early 1990s from Centre College in Danville, Kentucky, where he double-majored in government and economics. After graduation, he moved to Charlottesville, Virginia to attend graduate school, but the plan suddenly changed when he was recruited by one of the nation’s oldest Wall Street mutual fund complexes in Richmond.
That’s when it all began. With his foot securely in the door of the industry, Chris soon returned home to Florida to become a stock trader for an institutional equity trading desk, eventually handling such complex matters as hedging risks, arbitrage strategies and structuring derivative contracts.
Over time, Chris found that he gravitated more toward the field of pension consulting and portfolio management, and decided to engage in the difficult, multi-year journey to obtain the investment industry’s highly regarded Chartered Financial Analyst (CFA) designation. In 2001, he accepted a Private Wealth Manager position at FirsTrust where he could work hand-in-hand with individual investors to custom design their investment portfolios. He was promoted to Chief Investment Officer in 2005 and became a Partner in the firm.
Mr. Cannon’s investment approach involves stepping into the shoes of each client and making prudent, cost-effective, tax efficient investment decisions as if he were making these decisions for himself. He believes that the simplest solutions are often the best and that each investment decision comes with a pragmatic cost-benefit analysis that must be weighed before anything is ever purchased or sold. This often means deciding not to buy or sell when everybody else seems to be doing the opposite. Chris knows that buying high and selling low is a predicable investor instinct, and he is always willing to help clients understand the counterintuitive psychology that often accompanies sound decision-making.
One of Mr. Cannon’s greatest joys is solving the puzzle that comes in the door with every new client, each with unique circumstances and financial objectives, investments with different cost basis and accounts with different tax considerations. All these pieces must be assembled, enhanced, and sometimes discarded, to allow the client’s big picture to take shape.
One of Mr. Cannon’s greatest frustrations is the age-old “tarnish” that blankets the financial service industry and the lack of effective investor protections offered by today’s federal and state regulators. As a longtime advocate for consumer fairness and transparency within the financial services industry, Chris has spent time on Capitol Hill pleading the case for stricter fiduciary standards to members of the U.S. House of Representatives Financial Services Subcommittee and the U.S. Securities & Exchange Commission in Washington, D.C.. Without substantive reforms to the industry’s fiduciary standard, Chris knows that consumers will remain at a significant disadvantage when attempting to navigate the confusing and intentionally deceptive practices in today’s financial service industry.
Those who know him best appreciate Mr. Cannon’s extraordinary willingness to stand apart from the crowd and to “do the right thing” for his clients. He believes it is much more important to eliminate the traditional Wall Street conflicts of interest rather than merely disclose them. Unlike the vast majority of investment firms, which charge a fee and also receive commissions and incentives from the sale of investment products, all FirsTrust advisors are Fee-Only, not “fee-based.”
As an active member of the community, Mr. Cannon is the longest-serving board member of the CFA Society of Orlando and currently chairs the Advocacy Committee, which is focused on promoting ethical standards in the industry. As part of his recent work for the CFA Society, Chris created an ethics competition in which students from 10 universities across the state of Florida analyzed a financial case study, identified ethical violations, and presented recommendations for preventing such violations in the future. Mr. Cannon's Ethics Competition received an overwhelming response, and he was nationally recognized for this initiative.
Chris also mentors college students as a member of the Embry-Riddle Aeronautical University’s College of Business Industry Advisory Board. Additionally, he serves as a member of the Best Practices Board for the Institute for the Fiduciary Standard, and he donates his time as a director for the nonprofit Goyan Foundation to support children in need.
Chris is a former rugby player.
Christopher Cannon is a Member of the National Association of Personal Financial Advisors
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.
NAPFA members live by three important values:
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning.
Who does YOUR financial advisor work for?
We know better than to believe the world's best financial choices are all under one roof at the bank or brokerage down the street - because we've been there.
We are former brokers, bankers, Wall Street traders and financial executives; from private firms to some of the world's largest institutions; serving all types of clients, some with over $100 million per family. But somewhere along the way, each of us had a career-changing moment of conflict when we realized the size of our paychecks was dependent upon our willingness to “recommend” the things that were most profitable for our employers.
The Morgans and Rockefellers didn’t invest with a bank or brokerage. They hired the best talent they could find, assembled their own Financial Team, and paid the Team a fee to represent the family’s best interests. Their financial advisors didn't work for an institution, they worked for the family.
In 1994, the founder of FirsTrust had a vision of providing this Family Office style of competence and objectivity to clients of all sizes without the Wall Street profit margins; without being handcuffed to an employer's "platform" of investment choices; and without compromising our objectivity with commissions, sales incentives or competing agendas.
Today, our independent technologies allow FirsTrust Advisors to objectively shop & compare financial opportunities on a wholesale basis - across the globe and from multiple institutional platforms - to find solutions that serve our clients’ best interests.
We don't work for a financial institution. We work directly for our clients; and our only financial incentive is to help them achieve their goals.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
- Comprehensive Financial Planning
- Retirement Income Planning
- Investment Management
- College Education Planning
- Tax Planning
- Retirees and Near Retirees
- Growing Families
- Business Owners and Executives
- Sudden Money Situations
- Novice Investors
- In-Office Meetings
- Virtual Meetings
- Clearly Defined Fees
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
Christopher Cannon is a NAPFA-Registered Financial Advisor
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.
Christopher Cannon is a CFA® charterholder
The CFA Program is the most respected and recognized investment management designation in the world with less than 200,000 charterholders globally.
This advisor has earned the Chartered Financial Analyst® designation (CFA® charter) by passing all three of the CFA exams and gaining relevant industry experience, demonstrating their mastery of the investment analysis and decision-making skills most needed in the global investment management profession.
Contact Christopher Cannon
2385 Executive Center Drive
Boca Raton, FL 33431
113 Executive Circle
Daytona Beach, FL 32114
3030 North Rocky Point Dr.
Tampa, FL 33607
121 S. Orange Ave.
Orlando, FL 32801
1990 Main Street
Sarasota, FL 34236