Radnor Capital Management LLC of Wayne, Pa., has relaunched as an independent investment advisory firm using Dynasty Financial's open-architecture platform of wealth management services and technology.
Doug Pyle launched Radnor on May 1, 2012 after he left Columbia Management Group. Joining Pyle is Pierce Archer, who left the Pennsylvania Trust Co.
Pyle and Archer worked together at the original Radnor Capital Management for over a decade, before it was sold to U.S. Trust in 1999. U. S. Trust was subsequently acquired by the Charles Schwab Corp., who then sold it to Bank of America, who in turn sold its institutional advisory, Columbia Management, to Ameriprise Financial.
The "new" Radnor Capital Management is now 100% employee-owned and financed.
Radnor provides investment advice to families, trusts, and high net worth clients, as well as charitable organizations, foundations and other institutional portfolios. In addition to wealth management services, both Pyle and Archer manage separately managed accounts. Pyle is a portfolio manager specializing in socially responsible mid-to-small cap stocks; Archer focuses on large-cap value and balanced accounts.
"We are thrilled to be bringing back the Radnor brand and working together again as an independent team providing traditional investment counseling," Pyle said. "Our goal is to create an investment boutique that enables us to deliver uncompromised excellence to our clients who have a long-term investment horizon. As a result of our partnership with Dynasty and access to its robust wealth management platform, we are now well positioned to build out Radnor Capital Management by adding advisors and expanding our footprint in Pennsylvania."
Joining Pyle and Archer are a number of former Radnor employees, including Andrea Funk, chief operating officer, Elisabeth Schwan, securities analyst, and Pat Barlow, account administrator.