Leading innovation and making an impact through emerging technologies


FON Advisors was formed by a group of senior aerospace and defense industry executives, intelligence operations officers, and operators from premier units in the DoD and US intelligence community. Forged through collective shared experiences, FON Advisors leadership has built an organizational culture that mirrors the problem solving methodology of high performance “No-Fail” military units. Collectively, the group provides unparalleled worldwide Defense and Intelligence experience and a global network.


DAVID WALSH  |  Managing Partner
Dave serves as the managing partner and is responsible for overall management and investment activities of the firm. Prior to FON, he was the CEO of Prescient Edge Holdings, the parent company of four intelligence services and technology firms he managed through periods of rapid organic growth both domestically and throughout the European Union. The Prescient companies specialize in National Security Operations, Technology, and Research & Development services to a range of government and corporate customers to include the US Intelligence Agencies, the Defense Advanced Research Projects Agency, the U.S. Special Operations Command, and several government research laboratories. Dave has broad experience providing contractor support to mission critical operations delivering Human Intelligence and Counterintelligence services to the DoD and US Intelligence Agencies and the creation of best practices and policies pertaining to insider threat protection and the advancement of intelligence tradecraft. Dave works to commercialize unique Research and Development efforts inside the U.S. Department of Defense and the Intelligence Community. Prior to entering the private sector, he was engaged in sensitive counterterrorism operations in the United States, Middle East, Africa, and Latin America. He holds a B.S. in Economics from the United States Naval Academy, serves on the Board of Directors of Guitars over Guns, and is a founding partner of Social Venture Partners Miami.

HENRY TALBOT  |  Chief Operating Officer
Henry is a financial regulatory compliance officer. Most recently, he was a vice president with Deloitte’s investment bank where he managed a wide variety of broker/dealer compliance functions, including cross-border engagements, FINRA and state regulatory filings, electronic correspondence oversight, principal review of engagement deliverables and marketing materials, and annual branch audits. Prior to his time with Deloitte, he held compliance, operations, training and sales positions with some of the largest financial institutions in the US. His responsibilities included: oversight of SEC, FINRA and NFA/CFTC filings for broker/dealers, asset management companies and RIAs; creation and maintenance of WSPs and internal policies and procedures; development and delivery of new hire operations onboarding for ~3500 financial advisors nationwide and oversight, creation and delivery of broker/dealer operations training for a large US bank’s back office broker/dealer operations department. He is a graduate of Northwestern University and currently holds Series 7, 63, 65, 79 securities licenses and his Series 24, 9 &10 securities principal licenses.

TERRY ATHAS  |  Partner
Terry currently serves as Senior Vice President at Alliant/Mesirow Insurance Services. He has over 37 years of experience in the financial services industry, and specializes in determining the unique financial needs of organizations and institutions at a variety of scales. Terry plays a significant role in growing Mesirow Financial’s Public Finance, Private Equity, and Investment Services Divisions. His clients range from institutions, such as pension funds, to manufacturing companies and law firms, and vary in size from small businesses to multi-billion dollar entities.

JOHN CUSACK  |  Partner
John is the Global Co-Chairman of DLA Piper’s Finance group and Co-Chairman of DLA Piper’s Real Estate Capital Markets group. He has practiced in the area of corporate and finance law for over 25 years. Among his clients are banks and financial institutions, private equity funds, investment funds and corporations. He represents them in most types of finance transactions including private and public offerings of equity and debt, fund formation, and mergers, acquisitions and dispositions. John has extensive experience representing companies and financial institutions in the real estate and infrastructure market sectors. John also represents institutional investors and lenders in debt restructurings, workouts and bankruptcies in the real estate industry. John’s debt restructuring experience includes a wide range of real estate asset classes such as multi-family, residential, office, retail and hotels. He has worked with clients through numerous cycles of the real estate industry.

Prior to Glen Arbor Partners Inc, Stephen was a founding Principal and Chief Operating Officer of Bryanston Realty Partners LLC focused on real estate and corporate private equity investment. He was responsible for the day-to-day activities of the firm’s two investment funds, was a member of the investment committee and handled the firm’s relationships with its joint venture investors and partners. Total value of the firm’s acquisitions exceeded $5.5 Billion. Prior to founding Bryanston, Stephen was with LaSalle Investment Management – the $70 Billion investment management subsidiary of Jones Lang LaSalle Inc (NYSE:JLL) and served on LaSalle’s Global Management and Investment Strategy Committees. He was responsible for the firm’s capital relationships with and coordination of LaSalle’s global institutional investors, including many of the largest US and European pension funds as well as the largest sovereign funds from the Persian Gulf and Asia.
Stephen is currently a member of the Board of Directors and the Executive Committee of Lurie Children’s Hospital of Chicago and a Partner and member of the Board of Directors of The MedProperties Group in Chicago. Stephen holds a M.B.A. from Kellogg School of Management and a B.A. in Economics from Brown University.


PAUL BECKER  |  Advisor
Paul is a former Intelligence Officer who served 30 years in peace, crisis and combat. Last fall and winter he led the Presidential Transition’s Intelligence Community Landing Team, which provided policy input, strategic guidance,and operational counsel to new administration Cabinet Secretaries. His military service includes Director of Intelligence for the Joint Chiefs of Staff (J2), the Pacific Command in Hawaii, the International Security Assistance Force Joint Command in Afghanistan, command of the Central Command’s Joint Intelligence Center and duty as an Assistant Naval Attaché to France. RADM Becker founded the Becker T3 Group LLC in 2016, a consulting firm focused on global risk management, business intelligence and cyber operations with expertise in Asia, the Middle East and Europe. Paul holds an MPA from Harvard’s Kennedy School of Government and a BS from the U.S. Naval Academy. He is a memberof the Council on Foreign Relations, maintains a Top Secret Clearance with Sensitive Compartmented Information (TS/SCI) access and is a certified Executive Coach. He is a Senior Fellow with the Center for Naval Analyses and is a Professor of Practice at the University of Virginia’s Batten School of Leadership and Public Policy. Rear Admiral Becker is a recipient of the U.S. Intelligence Community’s, Department of Defense’s and Navy’s Distinguished Service Medals, the National Military Intelligence Association’s Leadership Award and the National Ethnic Coalition of Organizations’ Ellis Island Medal of Honor.

JASON FRANK  |  Advisor
Jason joined Hilco in 2007 as a specialist in investment banking, strategy, and corporate finance with extensive corporate mergers and acquisitions experience, Jason has developed broad and deep expertise in assessing going concern enterprise and intellectual property values. Prior to joining Hilco, Jason was with P&M Corporate Finance, a unit of Plante and Moran, where he was involved in both buy- and sell-side M&A transactions, principally in the life sciences, financial, and business services sectors. Jason was with AON Risk Services, where he led the research and analysis team within the company’s M&A Professional Services group. His responsibilities included the analysis of financial and capital structures and interpretation of financial performance and constraints among Fortune 1000 companies. Earlier, Jason was Manager of Strategic Planning for Diamond Cluster International, a leading technology consultancy. While with Diamond, he helped facilitate a billion dollar acquisition transaction and subsequent integration of a European consulting firm. Jason has also served as a senior strategy analyst at Arthur Anderson global headquarters. Jason holds a M.B.A. from the University of Chicago, Graduate School of Business and a B.S. from the University of Florida.

About Us

We are proud to serve as a trusted advisor to government agencies, corporations, and investors. We help clients stay at the forefront of innovation so they can achieve their strategic goals. We work with mission driven organizations, helping businesses and government agencies operate and procure more effectively. We have decades of experience creating non-traditional approaches to government procurement that drive sustainable solutions for mission critical requirements. We excel at helping clients clearly articulate their portfolio of innovations to create new markets for their technology, optimizing existing products to broaden current revenue opportunities, and providing timely information to focus strategic capital deployment.

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