Steven Romick: Biography, Career, and Business Insights

Steven Romick’s Profile Summary

Company	First Pacific Advisors, LP
Position	Managing Partner / Portfolio Manager
Source of wealth	Management and performance fees from FPA Crescent Fund, investment returns from personal holdings, compensation as a managing partner at First Pacific Advisors.
Also known as	Steven Romick is also known as a keynote speaker at investment conferences and a recognized figure in value investing discussions.
Age	Unknown
Education	Steven Romick graduated from Northwestern University with a degree in Economics.
Citizenship	United States
Residence	Los Angeles, California, USA
Family	Steven Romick is married to Eden Romick, and they have four children.
Website, Social Media	https://fpa.com/

Biography

Steven Romick is a seasoned investment professional who has been managing the FPA Crescent Fund since its inception in 1993. Romick, recognized for his value-investing philosophy, has built a reputation as a thoughtful and contrarian investor. His focus is on capital preservation and risk management, aiming to deliver equity-like returns with less risk. Romick's strategy has helped FPA Crescent achieve notable success, generating near 10% annualized returns over decades while avoiding major drawdowns during financial crises. Romick graduated from Northwestern University and began his investment career shortly after, eventually joining FPA in 1996. Over the years, his leadership at FPA Crescent Fund has made him a prominent figure in the financial industry, being named a Morningstar Fund Manager of the Year and a nominee for Fund Manager of the Decade. He is known for his defensive investment approach, frequently considering what could go wrong before making investment decisions, a principle that has guided his management of the fund through multiple market downturns, including the dot-com bubble, the financial crisis of 2008, and the COVID-19 crash

How did Steven Romick make money?

Steven Romick makes money in the following areas:

Management and performance fees from FPA Crescent Fund, investment returns from personal holdings, compensation as a managing partner at First Pacific Advisors.
What is Steven Romick net worth?

As of 2026, Steven Romick’s net worth is estimated to be $95.31M.

What is Steven Romick also known as?

Steven Romick is recognized for his extensive experience in value investing. He frequently speaks at major financial conferences, including the Morningstar Investment Conference, where he shares insights from his decades of investment experience. Romick is also well-known for his contrarian investment strategies, emphasizing capital preservation. His reputation extends into thought leadership, where he offers lessons on managing risk during volatile markets and downturns, such as the financial crisis of 2008 and the COVID-19 crash

Prominent achievements

Steven Romick has been recognized as Morningstar’s Fund Manager of the Year and has been nominated for Fund Manager of the Decade. Under his management, the FPA Crescent Fund has delivered strong long-term performance, including near 10% annualized returns with lower risk compared to the broader market. He is also a keynote speaker at leading financial conferences and a board member of prominent institutions like Cedars-Sinai Medical Center

What are Steven Romick’s key insights?

Steven Romick’s investment philosophy revolves around capital preservation and managing risk. He is a contrarian investor who often looks at what could go wrong in the market before making decisions. His long-term, disciplined approach has helped FPA Crescent Fund navigate several market crises. Romick values defensive investing and seeks to protect his clients’ capital while aiming for equity-like returns over time

Personal life

Steven Romick and his wife Eden have been deeply involved in philanthropy, particularly in cancer research. They are both alumni of Northwestern University and have supported numerous initiatives at the university. The Romicks are parents of four children and are actively involved in causes related to education and healthcare. Eden Romick is also a member of the School of Communication’s National Advisory Council

Useful insights

Decision-making and success

Making the right decisions at the right time is often what sets successful people apart. Drawing on the experience of Ray Dalio, founder of Bridgewater Associates, here are some key lessons for improving your decision-making and achieving long-term success.

Create a decision-making framework

Ray Dalio advocates for a clear, principles-based approach to decision-making. Establish a set of guiding principles that you consistently apply when faced with choices. This will help you stay focused and avoid emotional or impulsive decisions.
Embrace transparency and open feedback

Dalio’s philosophy of radical transparency is about creating an environment where honest feedback is encouraged. Whether in your career or personal life, being open to criticism and maintaining transparency will help you grow and make better decisions.
Prepare for risks and manager them wisely

Success isn’t just about making the right moves—it's also about managing risks effectively. Always consider worst-case scenarios and have a plan in place to navigate them. Risk management is a crucial part of any decision-making process.