Portfolio Managers: Getting to Know Us

PETER P. BROWN

Portfolio Manager

Peter has 22 years of investment industry experience.

Prior to joining Welch & Forbes in 1998, he was Assistant Vice President, Mellon Private Wealth Management and Boston Safe Deposit and Trust Co. Previously, he was Corporate Auditor, American Express Company and BankBoston Corporation. Peter is a Compliance officer of the firm. Peter received a Bachelor's degree from Cornell University.

• Trustee, Clara B. Winthrop Charitable Trust and Gardner Howland Shaw Foundation 
• Former Treasurer and Investment Committee member, Nichols House Museum
• Member, Boston Security Analysts Society and CFA Institute

PAMELA R. CHANG

Portfolio Manager

Pam has a 20-year career in the investment industry.

Prior to joining Welch & Forbes in 2000, Pam worked as a Fixed Income Associate at Bear Stearns & Co, Inc. A graduate of Smith College, Pam received her MBA from NYU Stern School of Business Administration.

• Former President and Board Member, Boston Women in Finance
• Member, Rowing Committee, Union Boat Club
• Co-Chair Registration Committee, Head of the Charles

JOHN D. CRAVEN

Tax Department Manager

John is a 31-year veteran of the investment industry.

John joined Welch & Forbes in 1994. As the Manager of our Tax Department, John supervises eight tax accountants, five of whom are Certified Public Accountants.  He is a member of the Operations Committee.

John is a Graduate of Boston State College and Vermont Law School. He also has an advanced degree in tax law from Boston University.

Member of the Tax and Probate sections of Massachusetts Bar Association

CHARLES P. CURTIS

Portfolio Manager

Charlie has worked in the investment industry for 23 years.

Prior to joining Welch & Forbes in 2006, Charlie was Senior Vice President, Portfolio Manager/Chief Operating Officer of Private Client Wealth Management unit of Brown Brothers Harriman & Co. Charlie received a Bachelor's degree from Washington College.

• Member, WGBH Corporate Executive Council
• Member, The Boston Economic Club
• Member, Boston Securities Analysts Society

AMY L. DONOVAN

Chief Marketing Officer

Amy has a 20-year career in the investment industry.

She joined Welch & Forbes in 2008. Formerly, Amy was Vice President, Client Marketing Services, Wellington Management Company, LLP. She was also Vice President and held various product management roles at Fidelity Investments, Scudder Kemper Investments and Bank of Boston. She is a member of the Operations Committee.

A graduate of Harvard College, Amy received her MBA from Columbia Business School.

• Class Leader, Harvard Alumni Association
• Advisory Board member, Marketing Executives Networking Group
• Director, Community Works Services, Inc.
• Business Partner, Boston Symphony Orchestra

JOHN H. EMMONS, JR.

Portfolio Manager

Jay is a 33-year veteran of the investment industry.

Jay joined Welch & Forbes in 1983. Formerly he was an Investment Officer of the Trust Department at Bank of Boston. Jay is a member of the Executive Committee.
He received his Bachelor's degree from Hamilton College. He is also a CFA Charterholder.

• Trustee and Member of the Board of Investment, Dedham Institution for Savings
• Trustee, Hamilton College
• Member, Boston Security Analysts Society
• Member, CFA Institute
• Member, The Boston Economic Club

SETH GELSTHORPE

Portfolio Manager

Seth has worked in the investment industry for 17 years.

Prior to joining Welch & Forbes in 2004, Seth worked at Swan Mountain Capital and The Yankee Group. Seth is the Chairman of the Valuation Committee. A graduate of Hamilton College, he received his MBA from the University of Texas.

• Member, Boston Security Analysts Society and CFA Institute

LORI A. HALLER

Manager of Estate Settlement

Lori has 13 years of experience in the investment industry.

Lori joined Welch & Forbes in 2001, first working as a tax accountant then moving to the estate settlement area. Lori was formerly a tax accountant for Ropes & Gray LLP in their Private Client Group. Prior to that, she worked in the Probate Department of Goulston and Storrs. Lori is a graduate of Northeastern University.

CHARLES T. HAYDOCK

Portfolio Manager

Charlie has 35 years of experience in the investment industry.

Prior to joining Welch & Forbes in 1990, Charlie was a Partner of Harvard Management Company. He is a member of the Executive Committee, the Brokerage Committee, the Valuation Committee and the Audit Committee.

Charlie is a graduate of Harvard College and received his MBA degree from Tuck School of Business at Dartmouth College. He is also a CFA charterholder.

• Trustee, Vice Chairman and Treasurer, Cotting School
• Trustee, Treasurer and Clerk, Dexter School and Southfield School
• Member and former Director, Boston Security Analysts Society
• Member, The Boston Economic Club
• Member, CFA Institute
• Member, Boston Committee on Foreign Relations

KATHLEEN B. MURPHY

New Business Coordinator

Kathleen is a 29-year veteran of Welch & Forbes, responsible for a variety of client relationship services. She is a member of the Operations Committee. She received an Associate's degree from Aquinas College.

• Past President, Arlington Tower Women's Club
• Member, Sports Booster Club, Arlington Schools

THEODORE E. OBER

Portfolio Manager

Ted has 25 years of experience in the investment industry.

Ted joined Welch & Forbes in 2002. Formerly, he was Senior Funds Manager, Fleet Investment Advisors / Bank of Boston responsible for Galaxy Growth, Equity Growth, Diversified Equity and Global Capital Appreciation Funds. Ted is a member of the Brokerage Committee. Ted received a Bachelor's degree from Boston University.

• Trustee, Pingree School
• Member of Investment Committee of Shaw Funds for Mariners' Children Foundation
• Trustee, Gardiner Howland Shaw Foundation and Clara B. Winthrop Charitable Trust

JAMES E. RUSSELL

Chief Operating and Chief Compliance Officer

Jim has a 40-year career in the investment industry.

Prior to joining Welch & Forbes in 2000, he was Senior Vice President and Treasurer, MFS Investment Management. Jim is the Chairman of the Executive Committee, and is a member of the Valuation Committee, the Brokerage Committee, and the Operations Committee.

A graduate of Boston University, Jim received his MBA from F.W. Olin Graduate School of Business at Babson College. He is a Certified Public Accountant.

• Member, American Institute of Certified Public Accountants
• Member, Massachusetts Society of Certified Public Accountants

DREW M. SCHNELLER

Portfolio Manager

Drew has 24 years of investment industry experience.

Prior to joining Welch & Forbes in 2008, he was Managing Director and Co-Head of Investments at Wilmington Trust (Bingham Legg Advisers). He also held positions at State Street Bank, Bank of Boston and Moseley Securities.

He received his Bachelor's degree from Franklin & Marshall College and an MBA from The Johnson School at Cornell University. Drew is a CFA charterholder.

• Member, Boston Security Analysts Society
• Member, CFA Institute
• Member, The Boston Economic Club
• Member, Omnicron Delta Epsilon (honor society in economics)

ADRIENNE G. SILBERMANN

Portfolio Manager

Adrienne has been working in the investment industry for 19 years.

Prior to joining Welch & Forbes in 1997, she was Financial Analyst at Pell, Rudman & Co. Adrienne is a member of the Executive Committee, sits on the Brokerage Committee, and is a Compliance officer of the firm.

Adrienne received a Bachelor's degree from Cornell University. She is also a CFA charterholder.

• Former President, Boston Women in Finance 
• Member, Boston Security Analysts Society
• Member, CFA Institute

OLIVER A. SPALDING

Portfolio Manager

Oliver is a 32-year veteran of the investment industry.

Oliver joined Welch & Forbes in 1984. Oliver is a Compliance officer of the firm. He sits on the firm's Fiduciary Compliance Committee. He received his Bachelor's degree from Tufts University and is a CFA charterholder.

• Director and former President, Community Works Services, Inc. 
• Director and Treasurer, New England Grenfell Association
• Controller, International Grenfell Association
• Director and former President, Boston Port and Seaman's Aid Society
• Trustee, Hobart Ames Foundation, Georgianna Goodard Eaton Memorial Fund, Mary B. Curtis Charitable Fund , Clara B. Winthrop Charitable Trust
• Member, Boston Security Analysts Society
• Member, CFA Institute

BENJAMIN J. WILLIAMS, JR.

Portfolio Manager

Ben has a 25-year career in the investment industry.

Ben joined Welch & Forbes in 1999. Previously, he was Partner and Portfolio Manager of Moody, Lynn & Co. and Senior Portfolio Manager and Director of Research of John Hancock Mutual Funds. Ben is a member of the Executive Committee and serves as Chairman of the Fiduciary Compliance Committee.

A graduate of Bowdoin College, Ben received his MBA degree from F.W. Olin Graduate School of Business at Babson College.

• Trustee and Chairman of the Investment Committee, Forest Hills Cemetery
• Trustee, Gardiner Howland Shaw Foundationand G. Gorham Peters Trust

RICHARD F. YOUNG, PRESIDENT

President, Portfolio Manager

Rich is a 40-year veteran of the investment industry.

Rich joined Welch & Forbes in 1994. He was formerly Executive Vice President, Chief Investment Officer, and Member of the Office of the President at Bessemer Trust Company. Rich is the Chief Investment Officer of Welch & Forbes, is a member of the Executive Committee, and is the Chairman of the Brokerage Committee. He received a Bachelor's degree from Missouri State University and earned his Master's degree from Kansas University.

• Trustee, Missouri State University Foundation 
• Member, former President of The Boston Economic Club
• Member, Boston Security Analysts Society