Mallard Financial Partners traces its roots back to Mallard Asset Management, which was founded by Paul Baumbach in 1996. Shortly thereafter, Paul joined up with Bill Starnes and the firm became Mallard Advisors. Paul and Bill ran Mallard Advisors out of their respective offices in Newark and Hockessin until 2013, when the Newark office formed its own independent firm: Mallard Financial Partners. The team at Mallard Financial Partners consists of three divisions: planning, investments, and administrative. Our broad sets of skills and knowledge complement each other and we continue to grow and improve with each passing year.
Susan E. Lehnerd is Mallard’s Director of Financial Planning. Susan and her team provide comprehensive financial planning to individuals.
Susan joined Mallard in 2007 and earned her CERTIFIED FINANCIAL PLANNING™ certification in 2011, a Certified Divorce Financial Analyst (CDFA) designation in 2012, a MBA from Loyola University Maryland in 1993, and a Bachelor’s degree in Early Childhood/Elementary Education from Towson University, Maryland in 1986.
Susan is an affiliate member of NAPFA, National Association of Personal Financial Advisors, a national fee-only organization. She provides free courses related to divorce through the Delaware Money School.
Susan is a long-time resident of Harford County, Maryland, residing outside of Havre de Grace. She has three children.
Paul S. Baumbach is Mallard’s Director of Investments, having founded the original firm, Mallard Asset Management, as an independent, comprehensive wealth management firm in 1996. Paul has provided comprehensive investment advice to individuals for over twenty years. Paul earned a Chartered Financial Analyst (CFA) designation in 1996, a CERTIFIED FINANCIAL PLANNER™ certification in 2009, a Chartered Financial Consultant (ChFC) designation in 1995, a Masters degree in Computer Science from Villanova University in 1988 and a Bachelors degree in Computer Science from the University of Delaware in 1983.
Paul has given back to the industry through the national Fee-Only organization NAPFA, where he has helped organize three regional conferences, and where he has led efforts to develop and present investment courses as continuing education for its members. He has given back to the community, providing free courses on financial planning and investment topics through the Delaware Money School every year since its inception in 1999.
Paul has been quoted by the Wall Street Journal and the Wilmington News Journal papers, by Bloomberg Wealth Manager, Kiplinger's Personal Finance, Financial Advisor, and Business Week magazines, has been interviewed on WHYY-TV 12 and CN8, and was a guest several times in 2009 on the Fox Business Network 2pm program. Raised in Bel Air, Maryland, Paul has lived in Newark, Delaware with his wife Pam since 1990. Paul is active in community activities—in 2012 Paul was elected to serve as a Representative in the Delaware State Legislature. Tennis is one of Paul’s recreational passions.
Pam has been with Mallard since September 2000. With a Bachelor's degree in Accounting from the University of Delaware and a CPA, Pam has helped groom Mallard from the one-person start up to the full service financial company it is today. Her passion for systemization, accuracy, accountability, and efficiency can be seen in all areas of the company. Pam's drive to deepen her expertise has compelled her to earn her CERTIFIED FINANCIAL PLANNER™ and her Certified Divorce Financial Analyst, CDFA™ designation.
She is currently the Chief Compliance Officer for Mallard, earning her Investment Advisor Certified Compliance Professional designation, IACCP® in 2014. She splits her time between creating and maintaining a 'Culture of Compliance' within the firm, and developing efficiencies and systems within the Investments Division and special projects. Outside of Mallard, Pam enjoys relaxing with her menagerie (including two rescue Corgis), spending time at the Beach, and creating stained glass.
Ed joined the Mallard team in May of 2008, received his CERTIFIED FINANCIAL PLANNER™ certification in August of 2009 and is a Financial Planning Advisor for many of Mallard’s clients. His focus at Mallard is on retirement planning, Social Security strategies, and taxation. He is also affiliated with NAPFA.
Ed managed the retirement plans area for a local bank before spending over 25 years as an individual retirement plans consultant. Over that period, he also prepared personal and small business tax returns. His Bachelor of Science degree is from Salisbury State University, where he majored in mathematics. Ed and his wife, Patti, have lived in Cecil County, Maryland for over 35 years. They have two sons who are married and also live in Maryland.
Joe Daigle holds a Bachelor of Science in Finance with a minor in Management Information Systems from the University of Delaware; Graduate certificates from Cornell, Harvard, and Oxford; and maintains Series 7 & 66 securities licensing. His professional past includes financial advising; private banking client services; and business management and analysis. Active in the community, Joe currently serves as the President of the Barbara Gittings Delaware Stonewall Democrats; Treasurer of Preservation Delaware; and Secretary of the Newark Arts Alliance. A proud Blue Hen, Joe served 3 years as a Drum Major for the University of Delaware Fightin’ Blue Hens Marching Band, and continues to work with this passion by volunteering every summer at youth leadership academies across the country. Raised in Elkton, Maryland, Joe lives in North Wilmington with his husband, Dan Cole. They are active members of the Arden Club; Delaware Nature Society; Delaware Center for Horticulture; and Claymont affiliated organizations. They enjoy cooking, gardening, reading, and connecting with family, friends, and neighbors.
With an Accounting degree from the University of Delaware, Kenny spent nearly 20 years as Treasurer of Delaware Importers prior to becoming Director of Operations for Southern Wine and Spirits of Delaware in 2007. In 2013, he joined Mallard Financial Partners as a member of the investments team to assist in the security selection and monitoring process. With a lifelong passion for investing and studying economic trends, Kenny derives great satisfaction from helping others reach their financial goals.
Chris joined Mallard as a part-time employee in November 2009, while still working as a preschool teacher. After a year, she took on a full-time position. In 2013, she completed her Paraplanning designation and became a Registered Paraplanner in the Financial Planning division. Chris has lived in Newark with her husband and three children (one still at home) for the last 23 years. She enjoys playing tennis.
Alan joined Mallard in January 2012. He grew up in Rockville, Maryland, earned a Bachelor’s degree from the University of Delaware in 2003, and completed the CFP® Board Registered Program at Northwestern University in 2011.
Currently, Alan is a Client Services Advisor on the Financial Planning team. He participates in client and prospect meetings and assists the senior advisors in providing various financial planning services to our clients. Alan is working towards earning his CFP® certification, and developing into a Mallard advisor. He lives in Newark, Delaware with his wife, Kate.
As Office Manager, Diana leads the Administration team, which also includes the students that she supervises. After graduating from Ball State University in 1970 with a Bachelors in Business Education, Diana held executive secretary positions in the Kroger Company, Procter & Gamble, and Miami Industries.Diana moved with her family to Delaware in 1987. Through the years, she raised her family and worked several part-time jobs. In August of 2008, Diana started at Mallard as a part-time clerk and grew into her current position of full-time Office Manager. In the summer she supplies the office with fresh tomatoes from her small vegetable garden.
Brin has been with Mallard since 2013. Her time is spent aiding with the monthly and quarterly reporting process, monitoring client trade activity, and supporting the Investments team.
Liz joined Mallard in December, 2014. She serves as support for the Investment Operations Department, and to the Office Manager, as well as assisting with the day to day activities of Mallard. Liz lives in Newark with her husband and young son, Will. She enjoys creating art and spending time with her family.
Jacqie has been with Mallard since January 2010. During her time here, she has acquired the Accredited Asset Management Specialist™ (AAMS®) designation, which has aided in her advancement from part-time bookkeeper to the full-time Investment Operations Manager. Most of her time is spent preparing clients' monthly and quarterly reports, executing clients' trades, monitoring our portfolio management software, and designing workflows to help the division.
Jacqie completed an Associate's degree in Accounting at Delaware Technical Community College Terry Campus in May 2015.
As our new Compliance Officer, Carol will assist our Chief Compliance Officer (Pam) in ensuring Mallard’s culture of compliance with all SEC regulations. Her first priority is to review and update Mallard’s Compliance Policy and Procedures Manuals. Carol will also work on our marketing and communications efforts to better inform clients and prospects of our firm’s capabilities.
Carol comes to us with broad experience in the private and non-profit sectors. She has owned a retail business in Newark and has worked for large and small organizations, most recently fundraising for local nonprofits. Carol is the Development Consultant with Water is Life Kenya, a small nonprofit that helps bring water to remote villages in southern Kenya.
Carol lives in Newark with her husband Charlie, who is Professor at the University of Delaware. They have two adult children. Carol loves to travel and experience different cultures. She has already been to 20 countries and plans to visit more every year.
Carol earned a Master’s in Public Affairs (MPA) from Princeton University and a BS in Engineering from Cornell University. She is currently pursuing her Investment Adviser Certified Compliance Professional® designation, which requires 20 courses and a comprehensive exam.