News & Events
KATHLEEN PUTNAM ELECTED TO BOARD OF DIRECTORS OF PENNSYLVANIA TRUST
Shareholders of Pennsylvania Trust have elected Kathleen Putnam to their Board of
Directors. Mrs. Putnam is a graduate of Harvard University, Magna Cum Laude, and earned her MBA at the Wharton Graduate School, University of Pennsylvania. Her business experience includes work at DuPont, Pennwalt Corporation and FMC Corporation.
In addition to her corporate experience, she is a civic leader and has been active as a volunteer at a number of organizations, among them the Philadelphia Craft Show (Chair), the Women’s Committee of the Philadelphia Museum of Art (Treasurer and Board Member), Pennsylvania Horticultural Society (Secretary, Treasurer), Main Line Art Center (President, Treasurer), Agnes Irwin School (Chair), Acorn Club (President), Merion Cricket Club (Secretary), and The Adirondack Mountain Reserve (President) Mrs. Putnam will chair Pennsylvania Trust’s Board Governance Committee.
SPARTAN CAPITAL MANAGEMENT JOINS PENNSYLVANIA TRUST
Pennsylvania Trust’s Executive Management is pleased to announce that Spartan Capital Management, a Chester County based independent investment advisory firm, has agreed to become part of Pennsylvania Trust. This combination will collectively bring Pennsylvania Trust to $2.2 billion in assets under management with 53 employees. The entire Spartan Capital Management team will join Pennsylvania Trust.
This milestone coincides with Pennsylvania Trust’s 25th anniversary as a provider of investment management and trust administration, tax, estate, and related account services to individuals, families, foundations, and endowments. Pennsylvania Trust is independent and employee owned.
Richardson T. Merriman, Pennsylvania Trust founder, Chairman, President and Chief Executive Officer, notes: “Spartan was formed in 2004 by David M. Robinson, its Chairman, and Gilpin W. Bartels, its Chief Investment Officer. Both David and Gilpin (Gip) have extensive and successful experience in the investment management industry and managing assets for high net worth individuals and institutions. They bring to Pennsylvania Trust a multi-cap-value investment style that will serve as a complement to our current growth and equity income offerings. We are proud of our role as a leader in the local financial services community.”
MEDIA EXPERT JEFFREY PAYPORT OFFERS COMMENTARY AT
FALL INVESTOR SEMINAR
Nationally recognized thought leader and practitioner in digital marketing, media, and commerce, Dr. Jeffrey Rayport, provided the audience at Pennsylvania Trust’s Annual Investor Seminar with thoughtful insights into the permanent changes in the media landscape and how the evolution of the social, mobile, and digital world has radically changed the way we live and conduct business. A question and answer session followed his remarks which also touched on the client experience, privacy matters, and business innovations.
HAVANA '59
Pennsylvania Trust is co-sponsor of the exhibition, “Havana-59,®” which will open Sunday, November 13, 2011 in the Warner Library of Eastern University and be on display through December 13th. The exhibition includes more than 35 paintings of Havana, Cuba, created by Delaware County artist George H. Rothacker over the past two years, and focuses on the art, history, architecture, cars, and people of this beautiful, yet deteriorating country.
Proceeds from the opening event at the Bolingbroke Mansion in Radnor on November 11th, and from the sale of paintings and prints, will benefit the “David R. Black Academic Enrichment Fund” at Eastern University, which will provide educational support for individuals with complex learning profiles, such as Asperger’s. For more information visit:Â http://havana-59.blogspot.com/
PENNSYLVANIA TRUST CELEBRATES 25 YEARS
Valley Forge National Park was the setting for the celebration of the 25th anniversary of the founding of Pennsylvania Trust. Members of the Pennsylvania Trust team and their families enjoyed an evening of history, including a chance to interact with General George Washington, pictured here discussing the Winter Encampment with Adam Rogers, Portfolio Manager, as colleagues look on.
PETER J. JOHNSON AND SHEILA GIBSON JOIN PENNSYLVANIA TRUST SPECIAL NEEDS AND GUARDIANSHIP TEAM
Peter J. Johnson, Esq., joins the firm as Senior Vice President. He heads the Guardianship and Special Needs Trust unit which administers estate, trust, and guardianship accounts with a focus on special needs individuals. His responsibilities also include estate and financial planning.
Mr. Johnson joins Pennsylvania Trust from Heckscher, Teillon, Terrill & Sager where his practice encompassed special needs trust and guardianship planning; estate planning for high net worth individuals; trust and estate administration; fiduciary litigation involving trust and related disputes; and counseling fiduciaries in the areas of special needs trust and guardianship administration. He performed similar duties at the Seattle-based law firm Davis Wright Termaine LLP.
Peter is a graduate of the Williamette University College of Law and is admitted to the practice of law in Pennsylvania and Washington State. He is involved with a number of non-profit organizations in the Philadelphia area and also is a member of Executive Committee and the Secretary of the Rules and Practice of the Probate and Trust Section of the Philadelphia Bar Association.
Sheila Gibson, joins the firm as Vice President. Her primary responsibilities include the administration of special needs trusts and guardianship accounts for minors and incapacitated persons.
Prior to joining Pennsylvania Trust, Ms. Gibson spent over nine years as a Vice President for PNC's Wealth Management group as a special needs trust and guardianship advisor. She also managed revocable and irrevocable trusts, estates, and IRA and investment management relationships. Sheila also served in a similar capacity for 15 years at predecessor banks to Wells Fargo.
PENNSYLVANIA TRUST PURCHASE APPROVAL GRANTED BY SECRETARY OF BANKING
Pennsylvania Trust's Executive Management has received permission from the Secretary of Banking of the Commonwealth of Pennsylvania to purchase Pennsylvania Trust from its parent company, The Penn Mutual Life Insurance Company. With approval, Pennsylvania Trust becomes independently owned and operated.
This milestone coincides with Pennsylvania Trust's 25th anniversary as a provider of investment management and trust administration, tax, estate, and related account services to individuals, families, foundations, and endowments. The company currently has over $1.8 billion under management.
Richardson T. Merriman, company founder, Chairman, President and Chief Executive Officer, will lead the Executive Management team which includes Executive Vice President, George C. McFarland, Jr., as well as four department heads. Both Merriman and McFarland will serve on the Board of Directors.
"The opportunity to operate independently allows us to strengthen our commitment to our clients and the stewardship of their assets," notes Merriman. "We are proud of our role as a leader in the local financial services community."
COMMUNITY DAY— Sunday, April 3, 2011
LUNCH SERVED AT OUR BROTHERS' PLACE
One thousand meatballs, 50 pounds of pasta, plus bread, salad, and dessert for 200 topped the menu when Pennsylvania Trust staff volunteers prepared and served lunch at Our Brothers’ Place, a Center City men’s shelter. Our Brothers’ Place is part of The Bethesda Project, a social services organization whose mission is to provide a caring family atmosphere for Philadelphia’s homeless population.
