Bradley, Foster & Sargent, Inc. - Principals' Profiles

BFS Team: Principals' Profiles

At Bradley, Foster & Sargent, we are committed to providing informed, responsive and dedicated service to each and every client. Client satisfaction is our highest priority. Our six Principals have navigated the investment business for an average of more than 30 years, offering sage investment advice and experience as well as an intimate understanding of each client’s life and investment objectives.

Joseph D. Sargent
Chairman

Education:
Yale University
BA, Geology

Mr. Sargent serves as Chairman of Bradley, Foster & Sargent. Previously, he was Chairman and CEO of Conning and Company for more than twenty-four years. Mr. Sargent is a Principal and Portfolio Manager, as well as a Member of the Investment Committee. Mr. Sargent has also been a founder and director of several specialty lines insurance companies, including Executive Risk and Beazley Group PLC in the U.K.

Robert H. Bradley
President and CEO

Education:
Williams College
BA, History

Fletcher School of Law and Diplomacy
MA, International Economics

Mr. Bradley serves as President and CEO of Bradley, Foster & Sargent. He managed Conning & Company’s Investment Management Group from September 1993 until July 1994, when he and Mr. Sargent joined with Mr. Foster to found Bradley, Foster & Sargent. He is a Principal and Portfolio Manager, as well as a Member of the Investment Committee. Previously he served fourteen years with Citicorp, twelve years of which were spent in Europe, the Middle East and Africa. In 1985, Mr. Bradley returned to Boston to found Boston Private Bank & Trust Company, where he served as President and CEO from 1986 through 1992. He served as an officer in the U.S. Navy in Vietnam.

Timothy H. Foster
Executive Vice President

Education:
Dartmouth College
BA, Economics

Amos Tuck School of Business Administration at Dartmouth College
MBA

Mr. Foster serves as Executive Vice President of Bradley, Foster & Sargent. He is a Principal and Portfolio Manager, as well as a Member of the Investment Committee. Prior to forming Bradley, Foster & Sargent with Mr. Bradley and Mr. Sargent, he founded Arcadia Asset Management in 1986, building assets under management in excess of $25 million. Prior to founding Arcadia, Mr. Foster served as a Portfolio Manager of institutional equity accounts for CIGNA Investment Management Co. from 1982 to 1986 and as a Senior Research Analyst for Connecticut General Investment Management Co. from 1981 to 1982.

Jeffrey G. Marsted
Executive Vice President

Education:
Williams College
BA, American History and Literature

Trinity College
MA, Economics

Mr. Marsted joined Bradley, Foster & Sargent in 1995 as a Principal and Executive Vice President. He is a Portfolio Manager and a Member of the Investment Committee. Prior to joining the firm, he was Vice President and Manager of the Shawmut Bank Investment Management and Advisory Group in Hartford. Mr. Marsted joined the Hartford National Bank, which subsequently became Shawmut Bank, in 1965 as a Securities Analyst. He moved to portfolio management in 1969 and eventually assumed responsibility for a group of portfolio managers, with over $3 billion under management. He later served as a Member of Shawmut’s Investment Policy Group, with responsibility for asset allocation, sector strategy and economic assumptions for the $16 billion within Shawmut Investment Advisors.

Keith G. LaRose
Executive Vice President

Education:
University of Connecticut
BA, Economics

Trinity College
MA, Financial Economics

Mr. LaRose joined Bradley, Foster & Sargent in 2000 as a Principal and Executive Vice President. He is a Portfolio Manager and a Member of the Investment Committee. Prior to joining the firm, Mr. LaRose was Director of Individual Investment Services at Hartford Financial Management, Inc., where he was responsible for supervising the investment management of more than $200 million in client assets and functioned as chief equity manager and strategist. Mr. LaRose started his investment career in 1984 with Dean Witter Reynolds in Greenwich, Connecticut. He joined E. T. Andrews & Company, Inc., in Hartford in 1989, where he was President until 1994.

Thomas D. Sargent
Executive Vice President

Education:
Union College
BA, Economics and History

Amos Tuck School of Business Administration at Dartmouth College
MBA

Mr. Sargent joined Bradley, Foster & Sargent in 2000 as a Principal and Executive Vice President. He is a Portfolio Manager and a Member of the Investment Committee. Mr. Sargent came to Bradley, Foster & Sargent from Conning & Company, where he managed their institutional business since 1986. In that capacity, he served as a Member of Conning’s Executive Committee with responsibility for Equity Research, Institutional Sales, and Equity Trading. He was also a Principal in the Venture Capital/Private Equity area. During his career, Mr. Sargent was cited for his equity research expertise by Institutional Investor magazine in its “Best of the Boutiques” profile. He has achieved the designation of Chartered Financial Analyst.

David P. Korzendorfer
Vice President

Education:
N.Y. State College at New Paltz
BS, Geology

Washington State University
MS, Geology

University of Utah
MBA

Mr. Korzendorfer joined Bradley, Foster & Sargent in April, 2007 as a Portfolio Manager. He is a Vice President and a Member of the Investment Committee. Mr. Korzendorfer joined the firm after a 17 year career with Bank of America and its predecessor banks: Bank of New England and Fleet Bank. Most recently, Mr. Korzendorfer served as Managing Director at Bank of America, with responsibility for a team of 8 investment professionals who managed the portfolios of individual clients in the greater Hartford area. He started his investment career at First Security Investment Management in Salt Lake City, Utah and worked for several years for Curbstone Investment Management in Canton, Connecticut. He has achieved the designation of Chartered Financial Analyst and is a former member of the Board of Directors for the Hartford CFA Society, also having served as its President.

Stephen L. Willcox
Chief Financial Officer

Education:
Franklin & Marshall College
BA, Accounting

Mr. Willcox joined Bradley, Foster & Sargent as Chief Administrative Officer in March, 2004. He has overall responsibility for the Company’s operational and administrative functions including operations systems, workflow and procedures; human resources; federal and state compliance; composite performance; financial systems, budgeting and controls; technology; custodian relationship management; premises; proxies and stockholder litigation; and operational support of trading. Prior to joining the Company, Steve held senior management positions in a number of insurance, financial services and technology firms including United HealthCare, MetraHealth, Travelers Corporation and ICICI Infotech. Steve is a Certified Public Accountant.

Charles J. Herbert
Director of Sales & Marketing

Education:
Rochester Institute of Technology
BS, Business Administration

Mr. Herbert joined Bradley, Foster & Sargent as the Director of Sales & Marketing in June, 2003. His responsibilities include developing relationships with prospective clients in our targeted markets, building a network of professional intermediaries to leverage the sales reach of the Company and to increase the visibility of the firm through seminars/events, presentations, marketing materials and the firm’s website. Prior to joining the Company, Charley had extensive sales and marketing experience with investment and financial services companies across the country, including Frank Russell Investment Management, Nicholas Applegate Capital Management, and CIGNA Financial Services. Currently, he is pursuing his MBA at California Lutheran University.

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