The Missionary Of Wall Street: A Book Review

Apr. 30, 2019 5:32 PM ETFHI
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Don Dion is the CEO of Inland Management, a company focused on acquiring, subdividing, developing and marketing large tracts of land on the fringes of major metropolitan markets. Inland Management has sold land in all 48 contiguous states totaling billions of dollars. As CEO, Don is responsible for helping to maintain and enhance the firm’s strong financial position and identifying opportunities for growth. 

In addition to his role at Inland Management, Don Dion is the Chief Investment Officer of DRD Investments, LLC. Based in Naples, FL. and Williamstown, MA., DRD Investments is a family office focused on managing a long/short hedge fund, real estate, venture capital and various other financial assets for the Dion family.

Don also serves as the trustee of the Dion Family Foundation, which focuses on helping individuals with tuition assistance at Catholic Institutions for grammar school, high school, and college education. The foundation also helps individuals by supporting Massachusetts General Hospital. Don is on two leadership boards and advisory committees at Massachusetts General Hospital and the Home Base Program (a partnership between Mass General and the Red Sox Foundation). He consults with Saint Dominic's Academy and serves as a trustee of Saint Michael’s College.

Previously, Don was the founder and CEO of Dion Money Management, a fee-based investment advisory firm for affluent individuals, families and non-profit organizations. Founded in 1996 and based in Williamstown, MA. and Naples, FL., Dion Money Management managed approximately one billion in assets for clients in 49 states and 11 countries. While at Dion Money Management, Don was responsible for setting investment policy, creating custom portfolios, and overseeing the performance of client accounts. Don sold the firm to NYC-based Focus Financial Partners (FOCS) on September 1, 2007 and no longer manages money for other families or institutions. Don remains a shareholder of Focus Financial Partners (FOCS).

Don is also the retired publisher of the Fidelity Independent Adviser family of newsletters, which provided a broad range of investor commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With nearly 100 thousand subscribers in the United States and 29 other countries, Fidelity Independent Adviser published two monthly newsletters and one weekly newsletter. The flagship publication, Fidelity Independent Adviser, was published monthly for 16 years and reached over 60,000 subscribers. In 2011 Don and his daughter Carolyn co-authored the Ultimate Guide to ETFs, available on

Prior to founding Dion Money Management, Don co-founded Litchfield Financial Corp. (LTCH) with Summit Partners. Don served as Chairman and CEO of Litchfield, which was listed on the Nasdaq in 1992 and acquired by Textron Corp. (TXT) in 1999.

Don was also the Executive Vice President, CFO and General Counsel for Patten Corporation (BGX) from 1986 to 1988, where he played a critical role in the company’s successful initial public offering on the New York Stock Exchange.

From 1983 to 1985, Don was a corporate lawyer with the Boston Law Firm of Warner and Stackpole. Before joining Warner and Stackpole, Don worked as a C.P.A. for Ernst and Young from 1979 to 1983.

Don graduated with honors from Saint Michael’s College in 1976 with a B.S. degree in Economics and Business Administration. He received his J.D. from the University of Maine Law School in 1979 and his LL.M. from Boston University Law School in 1982.

Don can be reached at


  • The Missionary of Wall Street is a great new book from Federated Investment's CIO Stephen Auth about the role of faith in the modern world.
  • After his own near death experience, Mr. Auth began participating in Holy Week missions in New York City where he would encounter a wide range of interesting people.
  • This book is a thoughtful collection of those encounters and practical advice for readers who might want to become missionaries themselves.
  • Intriguing tale about managing billions to saving souls on the streets of New York City.

A thoughtful reflection on what it is to be faithful in the modern world, The Missionary of Wall Street is in turns a fascinating account of Mr. Auth’s own journey back to his faith, his experiences as a missionary in New York City and a guide for Catholics who would like to be missionaries in their own communities. The book’s unflinching look at missionary work on the streets of Soho and the lives of individuals encountered by the missionaries makes this book appealing to Catholics and non-Catholics alike.

Mr. Auth's Own Journey

As the Chief Investment Officer for Federated Investment's (FII) equity portfolios, readers of Seeking Alpha will know Mr. Auth best as the individual responsible for overseeing all of Federated's equity and asset allocation products globally. With over 38 years of experience in the investment world, Mr. Auth is a familiar face on CNBC, Fox Business News and Bloomberg as well as an insightful commentator in Barrons and through his many Federated publications

Source: Presentation by Mr. Auth

In The Missionary of Wall Street, however, the reader encounters a side of Mr. Auth that they may have been unaware of - a deeply religious individual who seeks to bring faith and compassion to others.

The book begins with Mr. Auth’s own journey back to Catholicism through his own near-death experience. In November of 2002, shortly after taking a senior executive job at Federated, Mr. Auth's heart stopped due to an electrical malfunction. While spending twelve days in cardiac care Mr. Auth had a life changing encounter with a priest that would set him on a path towards the missionary work that he describes in the remainder of the book. 

The Streets of Manhattan

The heart of Mr. Auth's book is a series of stories related by Mr. Auth and other missionaries about individuals they have encountered on the streets of New York during their Holy Week missions. During the Holy Week period each year Mr. Auth and a group of missionaries canvass the streets of downtown Manhattan encouraging passerbys to come closer to God through prayer, confession and visits to Old Saint Patrick's Cathedral at the corner of Prince and Mott.

Source: Presentation by Mr. Auth

From the story that opens the book - where Mr. Auth encounters a gun-toting man who seems to be having second thoughts about his path in life - to a touching encounter with a woman who had committed the seemingly "unforgivable sin," these stories paint a rich picture of how people from all walks of life and backgrounds can come closer to God.

The Missionary Way

The book also serves as a how-to guide for individuals who want to become missionaries in their own communities. Advice for how a missionary should approach someone and discuss matters of faith are scattered throughout the book. The heart of this advice seems to be that both missionaries and those they encounter should never give up. Even when the missionaries are rejected time and time again, they learn to approach the next person with an open heart.

Readers will find anecdotes about the usefulness of a large cutout of Pope Francis and tips about how helpful dogs can be to be particularly interesting observations about the practical aspects of attracting the attention of individuals in even a busy and often hostile environment. 


Mr. Auth’s examination of his own relationship with Catholicism and his struggle to balance work, family and faith is one that will be relatable to many investors.

Mr. Auth recently gave a fascinating interview where he discussed the book on Fox Business News after the fire at Notre Dame that readers can view here. There is also a very well produced video overview of the book that can be viewed here

At its core, the book is a testament to the power of faith and perseverance.

Several times throughout the book Mr. Auth reflects on instances where he was unsuccessful in appealing to individuals who were later able to connect with another missionary in the group. The reader encounters Mr. Auth dusting himself off, time and time again, and approaching the next individual with a joyful and loving heart in a powerful account of the impact you can make when you never, ever give up.

The Missionary of Wall Street is currently available through Amazon and can be purchased either in paperback or through Amazon Kindle here.  

Disclosure: I am/we are long FII.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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