About Us

We are pleased to offer our clients experience, perspective, stability, and unwavering commitment to fiduciary responsibility. Our investment professionals have decades of investment counseling and management experience.


Pierce managed portfolios for individual, family, charity and institutional clients at the former Radnor Capital Management, a firm which he helped to found in 1990 with other senior investment professionals from Newbold’s Investment Advisors.  In 1999, Radnor merged with U.S. Trust Company. At U.S. Trust, Pierce was a Managing Director responsible for private client assets of over $400 million, as well as participating in the equity research and stock selection processes and overseeing the purchase of tax-exempt municipal bonds for regional client portfolios.

Most recently, Pierce was with The Pennsylvania Trust Company, where his principal responsibilities as Senior Vice President were as portfolio manager and member of the team that developed and implemented investment policy, strategy and security selection for that firm’s Equity Income Portfolio.

Pierce earned his B.A. in Environmental Studies from Colby College, and has served on a number of not-for-profit boards and committees. He is a member of The Association for Investment Management and Research and The CFA Society of Philadelphia.


Doug is a founder and owner of Radnor Capital Management, LLC. Doug was a partner in Radnor Capital “1.0” where he developed their small cap investment program which is still in operation today.

Prior to Radnor 1.0 Doug worked on Wall Street where he was a managing director at Lehman Brothers. Returning to Philadelphia, he became Managing Partner of Cashman, Farrell and Associates in Berwyn, Pa. He then joined Radnor Capital 1.0 developing and managing the small cap effort for Radnor Capital. After the partners of Radnor Capital 1.0 sold it to the U.S. Trust Company of New York, and through a series of related mergers/acquisitions, Doug went on to manage $2 billion in small cap assets as the portfolio manager of the Columbia Select Small Cap Fund for Columbia Threadneedle, U.S. His insights have been featured on CNBC and in Forbes Magazine and The Wall Street Journal. He resigned from Columbia in 2012, along with his staff, to start Radnor Capital “2.0”.

Doug graduated from The Ohio State University with dual majors in Finance and Marketing. He earned an M.B.A. from Xavier University in Cincinnati, Ohio, and graduated from the ABA National Trust School of Northwestern University.

His local community activities include serving on the investment committee of the Board of Inglis House, on the Board of Trustees of the Benchmark School in Media, Pa., and was formerly a trustee of FRP, a Quaker organization dedicated to low income housing in Philadelphia.


Most recently Jennifer was a Senior Vice President and Senior Portfolio Manager at U.S. Trust Company.  She managed approximately $600 million in assets for individuals, families and nonprofit organizations.  She provided asset allocation analysis and implemented investment strategies through highly customized portfolios as well as through select independent outside advisors.

Jennifer was a partner at Radnor Capital from 1993 through its sale to U.S. Trust Company.  She managed individual and institutional accounts and contributed to the research process. Prior to its spin off to Columbia Management, Jennifer also worked with Doug Pyle as a member of the Small Cap team as well.  Prior to Radnor, Jennifer served as the Chief Investment Officer for the American Medical Association, as a nationally ranked manager of several health care mutual funds and as a sell side analyst for Butcher and Singer, the Philadelphia based regional brokerage firm.

Jennifer received her B.A. from Drew University.  She is a Chartered Financial Analyst and a member of the CFA Society Philadelphia.  She is a past Board President of the Chester County Fund for Women and Girls and currently serves on the Finance and Investment Committee.  She was also a long time member of the investment committee of the Chester County Community Foundation.


Prior to joining Radnor Capital Management in mid-2020, August was a Vice President at Pennsylvania Trust, where he was a portfolio manager and a member of that firm’s investment committee. In the latter role, he made investment recommendations based on fundamental research for the firm’s Multi-Cap Value and Equity Income strategies. He also managed the firm’s Equity Income strategy starting in 2019. Prior to Pennsylvania Trust, August was an investment analyst with Spartan Capital, LLC, which merged with Pennsylvania Trust in 2012. August is a Chartered Financial Analyst and a member of the CFA Society of Philadelphia.

August received his B.A. from Hobart and William Smith Colleges, where he double majored in Economics and International Relations. He also attended The London School of Economics.


James joined Radnor Capital in 2024 after over 30 years in investment management. James joins Radnor from Spouting Rock Asset Management where he served as Chief Investment Officer Small Cap, starting in 2017. He was responsible for managing the Small Cap Growth strategy and team. Prior, James was employed by Kalmar Investments from 2013-2017 as a Portfolio Manager and Analyst and rose to become Co-leader of the Investment Team. Kalmar managed equities in a mutual fund and sub advisory relationships. James began his investment career at Inverness Counsel, Inc. in New York, 1987-1993, ultimately rising to Vice President, portfolio manager. Following research and portfolio management roles at Gardner Lewis Asset Management and E.R. Taylor Investments, he joined Friess Associates in 2001. During 12 years there he became a Team Leader and Principal. He graduated from Macalester College with a BA in International Studies and is a current member of the CFA Society of Philadelphia. James serves on the Finance and Investment Committees of the HMS School, formerly Audit Committee and Investment Committees of the Willistown Conservation Trust and the Investment Committee of Neighborhood House.


As an equity securities analyst at Radnor Capital Management, Elisabeth produces investment ideas and information based on quantitative and fundamental research. A member of the original Radnor Capital team, she comes to the firm from Columbia Management Investment Advisers (and its predecessor acquired entities), where she performed similar duties.

Previously, Elisabeth held securities analyst positions with American Capital Management & Research, David L. Babson, and Liberty Mutual Insurance. Prior to entering the investment business, she worked for Burlington Industries on the audit, market research and controller’s teams.

Elisabeth holds a B.A. from Bryn Mawr College and an M.B.A. from the University of Virginia. She is a CFA charter holder and member of the CFA Institute and CFA Society of Philadelphia.


Mary Ellen has over 25 years of experience working with High-Net-Worth clients and Foundations.

Before joining Radnor Capital in mid-2020, Mary Ellen was part of the Investment Department at Pennsylvania Trust, where she worked with investment advisory clients, Foundations and Trusts.

Prior to joining Pennsylvania Trust in 2005, Mary Ellen was a Senior Investment Assistant at 1838 Investment Advisors, where she worked with High-Net-Worth families and institutional clients of the firm. Prior to joining 1838 in 1996, she was an assistant in the Personal Law Section of Morgan, Lewis & Bockius.


Linda is a dedicated, service-oriented professional with more than 20 years of experience in the financial industry. Her background includes retail banking, trust operations and account administration, with a particular expertise in computer processes.

She worked with Bank of New York Mellon as a Reconciliation Analyst in Money Managers Outsourcing and previously was the Reconciliation Team Lead in Portfolio Accounting.