PETER P. BROWN

Portfolio Manager

Peter has 25 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. Peter is assisted by Mary Steele, who has been with the firm for 13 years.

• 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
• Member, CFA Institute
• Member, Boston Estate Planning Council

PAMELA R. CHANG

Portfolio Manager

Pam has a 23-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. Pam is assisted by Inger Thurson, who has been with the firm for 10 years.

• Former President and Board Member, Boston Women in Finance
• Member, Rowing Committee, Union Boat Club
• Registration Committee, Head of the Charles
• Member, Boston Estate Planning Council

JOHN D. CRAVEN

Tax Department Manager

John is a 34-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.

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 26 years.

Prior to joining Welch & Forbes in 2006, Charlie was Senior Vice President, Portfolio Manager and assumed the role of Chief Operating Officer of Private Client Wealth Management Boston unit of Brown Brothers Harriman & Co. Charlie received a Bachelor’s degree from Washington College. Charlie is assisted by Elizabeth King, who has been with the firm for 25 years.

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

AMY L. DONOVAN

Chief Marketing Officer

Amy has a 23-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.

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

• Class Reunion co-chair, Harvard Alumni Association
• Member, The Boston Club
• Director, Community Works Services, Inc.

JOHN H. EMMONS, JR., CFA, President

Portfolio Manager

Jay is a 36-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. Jay is assisted by Jo Anne Leach, who has been with the firm for 39 years.

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

SETH GELSTHORPE

Portfolio Manager

Seth has worked in the investment industry for 20 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 McCombs School of Business at the University of Texas. Seth is assisted by Patricia Bechtold, who has been with the firm for 7 years.

• Member, Boston Security Analysts Society and
• Member, CFA Institute
• Member, Boston Estate Planning Council
• Vice Commodore, Dennis Yacht Club

LORI A. HALLER

Manager of Estate Settlement

Lori has 16 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.

1. Member, Boston Estate Planning Council
2. Committee Member, Massachusetts General Hospital Friend of Cancer Center Benefit
3. Leader, Daisy Girl Scouts
4. Volunteer coach, Hill House, Beacon Hill

CHARLES T. HAYDOCK, CFA

Chief Investment Officer
Portfolio Manager

Charlie has 38 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 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. Charlie is assisted by Amy Stanton, who has been with the firm for 7 years.

• 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
• Member, Boston Estate Planning Council
• Trustee, Vice Chairman and Treasurer Emeritus , Cotting School

TODD R. JUNDI

Chief Compliance Officer

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

Prior to joining Welch & Forbes in 2010, he was a manager in the Investment Management Regulatory Consulting practice at Deloitte & Touche. Todd also served as Director of Process Re-engineering at Investors Bank & Trust and held various management positions at MFS Investment Management. Todd is a member of the Valuation Committee, the Brokerage Committee, and the Investment Committee.

A graduate of Boston University, Todd received his executive MBA from the Whittemore School of Business at the University of New Hampshire.

KATHLEEN B. MURPHY

New Business Coordinator

Kathleen is a 32-year veteran of Welch & Forbes, responsible for a variety of client relationship services. 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 29 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 Chairman of the Brokerage Committee and a member of the Valuation Committee. Ted received a Bachelor’s degree from Boston University. Ted is assisted by Inger Thurson, who has been with the firm for 10 years.

• 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
• Member, Boston Estate Planning Council

DREW M. SCHNELLER, CFA

Portfolio Manager

Drew has 27 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. Drew is assisted by Mary Steele, who has been with the firm for 13 years.

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

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ADRIENNE G. SILBERMANN, CFA, Director of Research

Portfolio Manager

Adrienne has been working in the investment industry for 22 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. Adrienne is assisted by Patricia Bechtold, who has been with the firm for 7 years.

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

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OLIVER A. SPALDING, CFA

Portfolio Manager

Oliver is a 35-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. Oliver is assisted by Caroll Regan, who has been with the firm for 11 years.

• 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
• Member, Boston Estate Planning Council

BENJAMIN J. WILLIAMS, JR.

Portfolio Manager

Ben has a 29-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. Ben is assisted by Diane Nourie, who has been with the firm for 20 years.

• Trustee and Chairman of the Investment Committee, Forest Hills Cemetery
• Trustee, Gardiner Howland Shaw Foundation and G. Gorham Peters Trust
• Trustee, Massachusetts Charitable Fire Society