Jay is President of Sage Capital Advisors, LLC, providing securities research to investment advisors, as well as financial and operational consulting services to emerging companies. Jay worked as a Senior Research Analyst at various boutique investment banks. In June 2006, Jay published Secure Credentialing & Identification— Wall Streets first and most comprehensive research overview of the Security, Biometrics, PKI, Smartcard, Credentialing and Identity Management industries. In 2003, he ranked in the 99th percentile of all securities analysts. In 2004, he ranked in the 97th percentile. In 2005, the StarMine/Forbes Magazine Securities Analyst Ranking Survey named Jay “8th Best Stock Picker In North America.” Jay earned a BS-Economics from the University of Wisconsin-Madison in 1992.