Pennsylvania Trust

Consultants and Advisors

Bruce M. Brown
University of Kentucky, Public Administration, MA
Lawrence University, Government, BA

Mr. Brown is Senior Philanthropy Consultant at Pennsylvania Trust. He advises the firm about its charitable giving and community service programs and also is available for client inquiries on philanthropic matters.

Mr. Brown was formerly Vice President for Charitable Trusts at CoreStates from 1987 to 1993. Additionally, he is a founding trustee of The HBE Foundation and has experience on numerous nonprofit boards including the Hoxie Harrison Smith Foundation, Presbyterian Children’s Village, Kearsley Christ Church Hospital, Delaware County Community Foundation, the Salvation Army (Chester Corps Community Center), and Lawrence and Eastern Universities. He was a founding board member of Delaware Valley Grantmakers.

 

JoAnne T. Fredericks
Drexel University, MBA, Finance
Drexel University, BS, Accounting

Ms. Fredericks is Senior Investment Consultant of Pennsylvania Trust where she advises the company on various investment matters.

Ms. Fredericks has over 30 years of experience in many aspects of personal trust and investment management. As Senior Vice President at First Investment Advisors, a division of First Union (now Wells Fargo), she headed the Family Office Investment Department. Ms. Fredericks was personally responsible for the management of $800 million of discretionary and non-discretionary assets and served as a member of the Equity Process and Regional Stock Selection Committees. At CoreStates Investment Advisers she was Senior Vice President and Managing Director of the Family Wealth Unit and served on the Investment Policy, Portfolio Review and Equity Committees. Prior to the formation of CoreStates Investment Advisers, Ms. Fredericks headed Personal Trust Investments at Philadelphia National Bank and earlier served as Director of Research there.

Ms. Fredericks is a member of the board of The Coriell Institute for Medical Research, The Inglis Foundation and Francisvale Home for Smaller Animals. She also serves as a member of the Investment Committee for the Chi Omega Foundation. Professionally, she is a member of The CFA Institute and The CFA Society of Philadelphia.

 

I. Wistar Morris, III, CFA
Harvard Business School, MBA
Cornell University, BA (Organic Chemistry)

Mr. Morris is Senior Investment Consultant for Pennsylvania Trust where he assists the company with various investment matters.

Previously Mr. Morris was a founder and director of Morris Investment Management, which was sold to Pennsylvania Trust in 1997. After the sale he served as a consultant to the company while continuing his analytical work on commodity industries including oil and gas, as well as utilities, banking, and insurance. He most recently was affiliated with Boenning and Scattergood. Mr. Morris started his investment career with Elkins Morris and Stroud and later moved to Hopper Soliday where he was responsible for their investment management business and at the same time ran the Afuture Fund under a sub advisory agreement.

Mr. Morris serves as trustee for the Lankenau Foundation, the Lankenau Institute of Medical Research, Mt. Desert Island Biological Laboratory and the Academy of Natural Sciences. He also serves as a director for Cempra Pharmaceuticals and Immunome, bio-tech drug development companies. Over the past 40 years, Mr. Morris has served as a director for five public companies and eight non-profit organizations. He is the founder and co-trustee of the Cotswold Foundation and also the author of the privately published “Adventures in Investing.”

 

Newbold Strong

Mr. Strong is Senior Advisor of Pennsylvania Trust. He assists the company in various client investment matters. From 2010 through 2018, Mr. Strong was Senior Vice President working as a portfolio manager on some of the firm’s larger relationships.

Prior to joining Pennsylvania Trust, Mr. Strong enjoyed a 43-year career with Morgan Stanley/Smith Barney where he was Senior Vice President of Wealth Management for the firm. Over the course of his career there he built valuable relationships with his clients and developed important contacts in the investment industry in his capacity as Institutional Sales Manager. Prior to joining Morgan Stanley/Smith Barney, he was a general partner in the investment firm of DeHaven & Townsend, Crouter & Bodine.

Mr. Strong attended Princeton University and was a First Lieutenant with the 166th Field Artillery Battalion. He has served on a number of civic and corporate boards as well as contributing board service to a variety of nonprofit organizations in the Philadelphia area.

Currently, Mr. Strong serves as a trustee of Coriell Institute, Philadelphia Scholars, and Trustee Emeritus of the Christ Church Preservation Trust. He is also a director of Limekiln Golf Club. He formerly served as a trustee of Springside School as well as the Little Egg Harbor Yacht Club. He was a former director of Colorcon, Inc., Sentinal Alarm, The Chestnut Hill Community Association and The Chestnut Hill Local.

 

Radclyffe F. “Mike” Thompson
National Graduate Trust School
University of Pennsylvania, BA, Political Science

Mr. Thompson is Senior Business Development Consultant of Pennsylvania Trust, specializing in trust sales.

He has over 30 years of experience in new business development and estate planning at Pennsylvania Trust and in the trust divisions of The Bryn Mawr Trust Company and Provident National Bank.

A Certified Financial Planner, Mr. Thompson is on the board of the Presser Foundation, The Bruce Montgomery Foundation for the Arts, and the Development Committees of Saunders House/Bryn Mawr Terrace Nursing Homes and The Singing City Choir. He is also a board member and treasurer of The Free Quaker Society and is on the Stewardship and Finance Committees for the Church of the Redeemer, Bryn Mawr. He is a member of the Philadelphia Estate Planning Council and the Partnership for Philanthropic Planning of Greater Philadelphia where he serves on the Allied Professionals Committee.

Mr. Thompson served as an officer in Vietnam and was awarded the Bronze Star medal.

 

Willard N. Woolbert
Drexel University, MBA
Brown University, AB, History

Mr. Woolbert is Senior Investment Consultant of Pennsylvania Trust where he advises the company on various investment matters.

Mr. Woolbert has over 40 years of experience in money management, having begun his career as a securities analyst at Girard Bank (now Bank of NY Mellon) in 1973. He also served as the Senior Investment Officer at The Bryn Mawr Trust Company and Chief Investment Officer at Industrial Valley Bank. Prior to joining Pennsylvania Trust in 1998, he spent eight years as Vice President and Senior Portfolio Manager at PNC Bank managing foundation and endowment portfolios.

Previously, Mr. Woolbert served on the Executive and Investment Committees of the Church Foundation. Professionally, he is a member of The CFA Institute and The CFA Society of Philadelphia.