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Donoghue Forlines logo
  • About Us
    • How We Got Here
    • Investment Team
    • Investment Philosophy
  • Investment Strategies
    • Strategy Overview
    • Global Tactical Portfolios
    • Rules-Based Portfolios
    • Blended Portfolios
    • Mutual Funds
  • Resources
  • News & Insights
  • Contact

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Main Offices

125 High Street
Suite 220
Boston, MA 02110

[email protected]

800.642.4276
Donoghue Forlines logo

Donoghue Forlines is a Boston-based tactical investment firm that has specialized in active risk-managed portfolios since 1986. We offer a full suite of proactive strategies designed to help advisors and their clients de-risk when market circumstances warrant it, enabling them to stay disciplined to meet their investment objectives. Learn More.

Client Relationship Summary

Markets in Motion – A Great Time to Be Tactical

by John A. Forlines, III | Commentary, Markets in Motion

2025 has been no stranger to volatility. In our last commentary, we warned that with high valuations and economic uncertainty (Chart 1),...

January 2025 Market Commentary

by John A. Forlines, III | Commentary

First off … thank you! Another year is in the books, and we are grateful to all our Advisors, Fiduciaries, Brokers, and Partners who trust...

October 2024 Market Commentary

by John A. Forlines, III | Commentary

Markets are extremely momentum driven in the short-term, but over the long term are driven by fundamentals. We believe we are at a critical juncture where the short-term price action is not aligned with the long-term macroeconomics.

Main Offices
Donoghue Forlines LLC
125 High Street
Suite 220
Boston, MA 02110

800.642.4276

Disclosure:
The views expressed are current as of the date of publication and are subject to change without notice. There can be no assurance that markets, sectors or regions will perform as expected. These views are not intended as investment, legal or tax advice. Investment advice should be customized to individual investors objectives and circumstances. Legal and tax advice should be sought from qualified attorneys and tax advisers as appropriate. Use of products, materials and services available through Donoghue Forlines may be subject to approval by your home office. All of the products or services described on this website may not be available to you.

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John A. Forlines, III

Chief Investment Officer
Portfolio Manager

John A. Forlines, III is Chief Investment Officer of Donoghue Forlines (formerly W.E. Donoghue & Co., LLC) and Portfolio Manager for the Donoghue Forlines Global Tactical Portfolios (formerly the JAForlines Global Tactical Portfolios). He was formerly Chairman and CIO of JAForlines Global when it was an independent investment adviser. Mr. Forlines is an Executive in Residence in the Department of Economics at Duke where he teaches classes in behavioral finance and decision making.

In addition to his work at Donoghue Forlines and Duke University, Mr. Forlines is the Managing Partner of the Forlines Family Office, which is active primarily in charitable support for education in the United States. Mr. Forlines enjoyed a long career with J.P. Morgan from 1985-2000, serving various roles within the firm, including Vice President of Structured Products, Co-Head of the U.S. Private Equity Group, Managing Director in the Securities Business Development Group and Managing Director and Co-Head of U.S. Tech, Media & Telecom Investment Banking.

Mr. Forlines was previously admitted to the practice of law in the State of New York; before his career at JP Morgan his legal work specialized in structured debt and equity products. Graduating from Duke University with Honors in English and Economics, Mr. Forlines has also earned his J.D from the Duke University School of Law.

Mr. Forlines has served on the Girl Scouts of America National Investment Committee and is on the Board of Shakespeare’s Globe in London and the Duke University Athletic Advisory Board. He is a Trustee of the North Shore Wildlife Sanctuary and the Ruth Z. Fleishman Foundation. John and his wife, Anne, have three children living in the New York area: a daughter working in the wedding and fashion industries, a daughter in medical school and a son employed in investment management.

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Nick Lobley

Portfolio Manager
Investment Committee Member

Nick Lobley
is a Portfolio Manager for the Donoghue Forlines Global Tactical Portfolios (formerly the JAForlines Global Tactical Portfolios) and an investment committee member at Donoghue Forlines (formerly W.E. Donoghue & Co., LLC). Mr. Lobley is responsible for fundamental multi-asset research, portfolio construction, and ETF selection. He also acts as a source of communication for the portfolio team, bringing clients insight into the Tactical Allocation strategies.

Nick started with JAForlines Global as an Analyst when it was an independent investment adviser. He served as a trader, assisted in operations, and supported the research team. In April of 2018, he joined the Global Tactical Allocation Portfolio Management team as a senior research analyst. Prior to joining JAForlines Global, Nick was an Associate at Paley Advisors, where he supported partners in research, financial analysis, and marketing.

Nick earned a B.A. in Economics and a minor in Sociology from Oberlin College. At Oberlin, Nick was a star athlete on the Varsity Lacrosse Team, achieving the all-time school point record, winning the title of “Freshman Athlete of the Year” in 2013, and making All-Conference in 2016.

On weekends, Nick enjoys playing golf and spending time with his family, friends, and dog.

Rick Molari

Rick Molari

Chief Operating Officer

Rick Molari is the Chief Operating Officer of Donoghue Forlines, LLC (formerly W.E. Donoghue & Co., LLC). He is a principal, corporate officer as well as a member of Donoghue Forlines’ Investment Policy Committee. As part of Rick’s responsibilities on the investment committee he is involved in the design and maintenance of the technical asset allocation models applied to the fixed income and equity rotation strategies. He is also a co-portfolio manager to the Donoghue Forlines Mutual Funds (formerly the Power Mutual Funds) of which Donoghue Forlines is the Advisor.

Rick is an accomplished investment management operations and global trading specialist with over seventeen years of industry experience. He has extensive knowledge of international equity, fixed income and currency markets as well as back and middle office operations, portfolio accounting and compliance regulations. Rick joined W.E. Donoghue in 2014 to manage the trading and operations team.

Prior to his current role, Rick spent ten years at a multi-billion dollar Boston based global hedge fund, trading international equities and managing trade operations. He started his professional career in fund accounting and back office administration with State Street Global Advisors and later BISYS Hedge Fund Services Inc. Rick holds a dual Bachelor’s of Science degree from Northeastern University in Finance and Entrepreneurship. He is currently an active member of the CFA Institute, the Boston Security Analysts Society and the Boston Securities Traders Association.

Jeffrey Thompson

Chief Executive Officer
Portfolio Manager

Jeff Thompson is the Chief Executive Officer of Donoghue Forlines, LLC (formerly W.E. Donoghue & Co., LLC). In addition to being a principal of the firm, he is a member of Investment Policy Committee and co-portfolio manager to the Donoghue Forlines Mutual Funds (formerly the Power Mutual Funds). As part of Jeff’s responsibilities on the investment committee, he leads in the design and ongoing management of the technical signals and models applied to many of the firm’s investment strategies.

Jeff has been with W.E. Donoghue since 1998 and was the key driver for helping the firm develop its first pooled investment vehicle. He was instrumental in taking the firm’s commitment to offering tactical risk management for individual clients and families to establishing the indices and investment strategies that have grown to become the family of Power indices and funds. Prior to W.E. Donoghue, Jeff has held positions at Lehman Brothers, Gruntal & Co., Cowen & Co., and BTS Asset Management.