Frederick J. Ruopp Sr., CFA, founded Chelsea Management Company in 1971 to provide investment counsel to individual and institutional clients. He continuously has served as the Chief Investment Officer of the firm, actively managing portfolios for more than 40 years, and has presided over the company’s growth from inception to its current size, managing assets in excess of $1 billion. Mr. Ruopp also leads the firm’s research and investment committee. Before founding Chelsea, Mr. Ruopp handled retirement portfolios at the First National Bank of Chicago and spent several years at Lehman Brothers Holdings Inc., where he managed investments for the firm’s partners and their families. He was also a Senior Investment Officer of Transamerica’s insurance and investment counsel operations. A graduate of the University of Illinois, Mr. Ruopp earned his MBA from Northwestern University’s Kellogg School of Management. He is a Chartered Investment Counselor, and is a Member of the CFA Institute, the Los Angeles Financial Analysts Society and the Investment Adviser Association. Mr. Ruopp also holds a Senior Security Analyst designation from the New York Society of Security Analysts. He has served as a Member of several corporate and philanthropic boards and is a Member of the board of governors of Thomas Aquinas College, serving as the board’s Chairman from 1986 to 1992, and as Chairman of the board’s finance committee. He is a board Member of the Dan Murphy Foundation.