Discretionary investment management solutions

For RIAs, pensions, foundations, endowments, and family offices

Commerce Street Investment Management (“CSIM) is an independent, Dallas-based investment management and advisory firm that provides discretionary investment management solutions for RIAs, foundations, endowments, and other institutional investors. CSIM has over $750 million in fiduciary assets.

Our approach combines academic theory and research with seasoned judgement and experience. As a fiduciary, we offer our clients both investment management services and consulting services. The Commerce Street team has many decades of experience in asset allocation, manager selection, monitoring, and restructuring portfolios. Throughout their careers, Dory Wiley, Matt DenBleyker, Duke Meythaler, and other senior staff have assessed overall plan structure and asset allocation for multi-billion-dollar portfolios and done so working for locally and nationally recognized firms.

The CSIM Team is comprised of seasoned investment professionals with many years of experience working for large investment consulting firms, state pension plans and asset management firms.

Dory Wiley

Dory Wiley

Dory Wiley CPA CVA CFA currently serves as President and CEO of Commerce Street Holdings, LLC. Dory has over 34 years of experience in commercial banking, investment banking, pension investing, and investment management. From 2003-2009, he served as a member of the Board of Trustees of the Teacher Retirement System of Texas (“TRS”), an approximately $140 billion pension fund, where he was Chairman of the Investment Committee, Chair of the Alternative Assets Committee, and served on Compensation, CIO recruiting, Audit, and Government Committees. During his tenure, TRS went from a bottom quartile performer to the number one ranked public pension fund in the country in its asset size group and is currently the 6th largest public pension plan in the country. Dory received a BBA in Finance and Accounting from Texas Tech University and an MBA from Southern Methodist University. He has served on the Human Health and Services Commission for City of Dallas, the Cotton Bowl Board, and the Texas Tech Foundation Board. He is a current member of the Dallas Citizen’s Council and the Dallas Assembly. He is a registered representative and holds the FINRA Series 7, 24, 63, and 65 licenses.

Matt DenBleyker

Matt DenBleyker

Matt DenBleyker, CAIA, is Co-CIO for Commerce Street Investment Management, overseeing its investment management business. Matt has more than 20 years of institutional investment experience working at public pensions funds, endowments, foundations, investment consulting, and advisory firms. From 2007-2010, Matt was the Manager of the Alternative Investment portfolio at the Arizona State Retirement System. During his tenure, he led the pension’s new opportunistic asset (~$2 billion) allocation portfolio that invested in public and private markets investments. Additionally, he oversaw the management of the pension fund’s internal enhanced equity portfolios (~$8.2 billion). Matt has years of experience developing due diligence, asset allocation and governance policies and handling the construction of investment policy statements. He received his BBA and MBA in Finance from the University of Texas at Arlington. Matt serves as the chapter head of the Dallas Chartered Alternative Investment Analyst Association.

Duke Meythaler

Duke Meythaler

Duke Meythaler is a Managing Director at Commerce Street Investment Management. He is a proven investment consulting and asset management business development professional and leader. Duke has 40 years of experience in the investment management industry, serving as an investment consultant, leader of consulting teams, and leader of multi-strategy asset management development for SEI and Mercer. At SEI, he became the leader of the field consulting team, working extensively with large public plans in Texas and Oklahoma, building it to a multibillion-dollar practice. At Mercer, Duke worked on teams that provided portfolio analysis, manager evaluation, and benchmarking. He was able to grow both the Outsourced Chief Investment Officer (“OCIO”) and Advisory consulting business several fold to a 10-billion-dollar portfolio by providing customized solutions for clients. He holds a BS in Business and a JD in Law from the University of Missouri-Columbia and is a member of the Missouri Bar.

George Kirchwey

George A. Kirchwey

George A. Kirchwey is a Managing Director at Commerce Street Capital. George serves on numerous compliance and investment committees for Commerce Street Holdings and brings an extensive 35+ year background in lending, credit, high yield, and structured finance. Prior to joining Commerce Street in 2006, George was the director of research for SAMCO Capital Markets, Inc. with a focus on analysis of high-yield corporate and municipal bonds, as well as bank equity research. His high-yield bond research coverage for over 30 industrial companies (including airlines, steel, and plastics) was released periodically to an institutional audience of portfolio managers and hedge funds. In addition, he has an extensive background in bank lending for a Dallas-based bank and at the FDIC. He received a BA in Government from Wesleyan University and an MBA in Finance from Southern Methodist University. He also holds the FINRA Series 7, 24, 63, 66, 86, and 87 licenses.