There is no substitute for experience. For almost forty years, our portfolio managers have navigated a myriad of market environments. The portfolio management team share over 200 years of investment analysis and portfolio experience. For nearly 100 of those years, the members of the portfolio management team have worked together adhering to the same investment philosophy, exercising the same approach to security selection and employing the same discipline as it pertains to portfolio design. Despite the numerous times we have heard "It's different this time," experience has taught us it rarely is. Regardless of the environment, Cornerstone portfolio managers have maintained their focus on buying high quality companies at attractive prices while exercising the patience necessary to unlock the value.
INVESTMENT TEAM
EDWARD C. MITCHELL JR., CFA, MANAGING PARTNER
Ed is Managing Partner for Cornerstone and is responsible for research and portfolio management. He was one of the nine founders of INVESCO Capital Management. During his tenure, he served as Chairman and CEO. Ed managed many of INVESCO's largest accounts and ran the Total Return Fund, which was awarded the highest Morningstar rating. Ed began his career in the securities industry more than 30 years ago as an analyst and later a portfolio manager with Citizens and Southern Bank in Atlanta (now Bank of America). Ed received the Georgia Securities Association Industry Service Award in 2002, which is given annually to securities professionals whose achievements set high standards for the industry to emulate. He is a former President of the Atlanta Society of Financial Analysts. Ed earned his BA from the University of Virginia and his MBA from the University of Colorado.
JOHN CAMPBELL, CFA, CIO AND PARTNER
John serves as Chief Investment Officer and is a Partner for Cornerstone. John had a 12 year tenure at INVESCO where he was a Global Partner and Portfolio Manager. In his last five years, John was in charge of managing INVESCO’s US Large Cap Value portfolio where he achieved top decile returns. He was also one of five members of the International Investment Committee, which managed over $15 Billion in assets. Prior to INVESCO, John was at SouthTrust Bank for 12 years. His last several years were as a portfolio manager and head of the investment division in Atlanta. John graduated from State University of New York at Fredonia in 1981 with a degree in business finance. In the past he has been a CFA review course instructor, test grader, and exam writer.
NEILSON BROWN, CFA, PARTNER
Neilson is responsible for research and portfolio management at Cornerstone. He was a global partner at INVESCO Capital Management. Prior to his move south, Neilson was a portfolio manager at Dreman Value Management in New York and Brown Brothers Harriman & Co. in Philadelphia. He earned a Bachelor of Arts degree from the University of North Carolina at Chapel Hill and a Master of Business Administration from the Wharton School at the University of Pennsylvania.
DEAN W. MORRIS, CFA, PORTFOLIO MANAGER
Dean is responsible for research and portfolio management at Cornerstone. Dean joined Cornerstone from INVESCO after a 10 year tenure where he was a Partner and Senior Director. Dean co-managed the Invesco Capital Management U.S. Large Cap Value Portfolio with John Campbell for five years, in addition to providing research on U.S. financial stocks. During Mr. Campbell's and Mr. Morris' tenure at the helm, the Large Cap Value Portfolio achieved top decile returns against its peer universe. Prior to joining Invesco Capital Management, he was a Portfolio Manager with SunTrust Bank in Atlanta. Dean is a graduate of Williams College and holds an MBA from the University of Chicago.
RANDY W. PIRKLE, PARTNER
Randy is responsible for research and portfolio management at Cornerstone Investment Partners. Randy was a Managing Director of Citigroup Global Investment Bank prior to Cornerstone. During his more than 30 years with the capital markets division of Citigroup, he served in numerous institutional research sales and research positions including head of the U.S. eastern region for institutional research sales, member of the Smith Barney Investment Policy Committee, member of the Smith Barney Research Stock Steering Committee, and member of the Corporate Finance Commitment Committee. In addition, he has served as President of the Georgia Securities Association. He earned his Bachelor Degree in Engineering from Georgia Institute of Technology and earned his MBA from the Georgia Institute of Technology.
RICK M. VAN NOSTRAND, CFA, PARTNER
Rick is responsible for research and portfolio management at Cornerstone. Rick was a voting member of the investment committee at EARNEST Partners. He also served on the Fundamental Value product at Invesco Capital Management. Rick's prior background is in management consulting. He has served clients across industries at both McKinsey & Company and Accenture (then Andersen Consulting). He earned a MBA with a concentration in Finance from the Wharton School at the University of Pennsylvania, and holds a Bachelor of Science in Computer Science Engineering from Southern Methodist University.
FRED WETZEL JR., CFA, PARTNER
Fred is responsible for research and portfolio management at Cornerstone. With over 40 years experience in the investment management industry, Fred has researched hundreds of companies across every major industry. Fred is the architect of the Fair Value Model, which is the foundation of Cornerstone's Investment process. After beginning his investment career at Citizens and Southern National Bank then moving to Montag & Caldwell, Fred started Wetzel Investment Counseling to provide research services to Invesco Capital Management and investment management services to high net worth individuals. He earned his Bachelor Degree from the College of New Jersey and his MBA from Georgia State University.
CAMERON CLEMENT, CFA, INVESTMENT ANALYST
Cameron is a research analyst with a range of responsibilities including stock research, model maintenance and analysis, special projects, and trading. Prior to joining Cornerstone, Cameron was a Quantitative Analyst with Invesco Capital Management in the Multiple Asset Strategies team. He also served on the Investment Analytics team working on the proprietary equity investment model. Prior to this, Cameron was a member of the U.S. Large Cap Value portfolio as an investment associate. Working with John Campbell, they achieved top quartile results. Cameron is a graduate of the University of Strathclyde with Joint Honours in Finance and French.
OPERATIONS TEAM
WAYNE HOLBROOK, COO, CCO
Wayne is responsible for operations, trading and technology for Cornerstone Investment Partners. Before his joining Cornerstone, Wayne was Chief Operating Officer and Chief Compliance Officer for Tactical Allocation Group, LLC, where he was responsible for all operations, trading, technology, compliance and human resources. Prior to that he was Director of Administration for Invesco Capital Management’s North American Institutional business. Wayne earned his Masters of Business Administration from the J. Mack Robinson College of Business at Georgia State University, and he earned his Bachelor of Arts degree in Economics from the University of Illinois at Chicago.
MICHELE E. FIELDS, OPERATIONS ASSOCIATE
Michele is responsible for operations and oversees client requests. Michele worked at Invesco Capital Management in portfolio and client service support. She began her tenure there working several years directly for Ed Mitchell. She also spent time overseeing the client service administrative team. Her near two decades of accounting and administration experience were rounded out with previous positions at the institutional money management firm Mitchell Hutchins and Oppenheimer. Michele earned her Bachelor of Science degree in Business Administration from the University of Richmond.
RUSSELL BROWN, HEAD TRADER AND OPERATIONS ASSOCIATE
Russell is responsible for operations and serves as Head Trader for Cornerstone Investment Partners. Russell worked as an Analyst at The Home Depot in the International Trade department. There he specialized in process and systems improvement, as well as enhanced reporting capabilities for senior management. He earned a Masters of Business Administration with a concentration in Finance from the J. Mack Robinson College of Business at Georgia State University, and holds a Bachelor of Science in Management from the Georgia Institute of Technology. Russell is also registered in the CFA Program as a Level II candidate.
SEAN KIM, OPERATIONS MANAGER AND TRADER
Sean is responsible for overseeing operations and serves as a trader for Cornerstone Investment Partners. During his tenure at EARNEST Partners, Sean worked as the Manager of Operations. At EARNEST, he specialized in investment accounting, financial reporting, trade operations and processes and procedures. Sean also served as a Fund controller at Enterprise Capital Management, Inc. He began his career at PNC Bank, where he was promoted to a Senior Investment Analyst. Sean earned his Bachelor of Business Administration with a major in Finance from Georgia State University.
WILL BROADWAY, TRADER AND OPERATIONS ASSOCIATE
Will is responsible for operations and also serves as a trader for Cornerstone Investment Partners. He was an Intern at Cornerstone for nearly 2 years while attending business school and came on board as a full-time associate after graduation. Prior to joining Cornerstone, Will was a trader for E*TRADE Financial’s Elite Client Services Team. There he worked with pattern day traders and mass affluent clients to trade equities and derivatives on both domestic and international securities exchanges. He earned a Masters of Business Administration with dual concentrations in Finance and Risk Management from the J. Mack Robinson College of Business at Georgia State University, and holds a Bachelor of Science in Economics from the University of Florida. Will has earned NASD Series 7 and Series 66 certifications and is also registered in the CFA Program as a Level II candidate.
MARKETING & CLIENT SERVICES TEAM
TODD C. HARLICKA, CLIENT SERVICE
Todd is responsible for client service and marketing at Cornerstone Investment Partners, and is a Product Specialist for Cornerstone's investment strategies. Todd has over 11 years of investment experience. Prior to Cornerstone, Todd was a Global Product Specialist with Invesco Capital Management; he also served as a member of the U.S. Large Cap Value portfolio as an investment analyst. Working with John Campbell, they achieved top quartile results. Before Invesco, Todd served as a financial consultant with Smith Barney. Todd earned a Bachelor of Science in Management and a Masters of Science in Economics from Georgia Institute of Technology.
EDWIN Y. HINES, CLIENT SERVICE
Edwin is responsible for client service and marketing for Cornerstone Investment Partners. Edwin has nearly forty years of investment experience. He began his career as an equity salesman in 1969 with White, Weld & Co. In 1976, Edwin moved to Salomon Brothers, where he was responsible for fixed income sales and trading coverage of institutional accounts in the Southeast. In 1999 Edwin moved to Invesco Capital Management as a limited partner, first to manage fixed income portfolios, and then to return to the US equity market as a client service manager for institutional equity accounts. Edwin earned a Bachelor of Arts degree from the Virginia Military Institute, where he currently serves on the Foundation Investment Committee, and served as a lieutenant with the 4th Infantry Division in Viet Nam.
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