Michael J. Balhoff, CFA, is a senior partner and co-founder of Charlesmead Advisors, LLC, which provides investment banking advisory services with a focus on telecommunications. Before founding Charlesmead Advisors and the predecessor firm to Balhoff & Williams, Michael was managing director, heading the Technology and Telecommunications Equity Research Group at Legg Mason in Baltimore, and, in the final seven of his sixteen years as a senior analyst at Legg Mason, he covered equities in the incumbent local exchange carrier industry. Michael has a doctorate in Canon Law and four master's degrees, including an MBA-concentration finance-from the University of Maryland. Leo has been named in six annual awards as a Wall Street Journal All-Star Analyst for his recommendations on the telecommunications industry.