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Frank E. Rutan, IV

Mr. Rutan is the Managing Principal of Broyhill Asset Management Pennsylvania. Mr. Rutan has been responsible for the wealth of families for over 28 years. Previously, he was a Managing Director at Lehman Brothers and at the U.S. Trust Company where he was responsible for establishing the Philadelphia Office for that Company in 2002. At U.S. Trust he managed the wealth of a select group of families located throughout the country. Mr. Rutan was also a Senior Vice-President and Director of the Portfolio Management Group at The Glenmede Trust Company. Prior to that he was a Portfolio Manager at Scudder, Stevens & Clark. Mr. Rutan graduated from The University of Virginia with a B.A. in History.