Davidson Companies











Corporate Headquarters
Davidson Building
8 Third Street North
Great Falls, MT 59401

San Francisco Branch
220 Montgomery, Suite 1920
San Francisco, CA 94104

Seattle Branch
Columbia Center
701 5th Avenue, Suite 3100
Seattle, WA 98104

Our People OUR PEOPLE

Andrew Davidson
President

Andrew oversees all Davidson Investment Advisors' asset management business, including the strategy and portfolio management operations, and is a member of the Investment Committee.  He joined Davidson Investment in 1993 and served as Senior Vice President and Director of Client Services & Marketing before being appointed to his current position.  Previously, he was an Associate with Van Kasper Advisors and a Registered Associate for Dean Witter Reynolds, both in San Francisco.  Andrew received a BS in Business Administration-Finance from the University of Montana.

Edward Crotty, CFA
Chief Investment Officer and Portfolio Manager

Ed, Senior Vice President, is Chief Investment Officer and co- manages Davidson Investment Advisor’s Equity Income strategy. Ed is also a member of the Investment Committee. Prior to joining Davidson Investment Advisors, he was Managing Director for Spectrum Advisory Services, Inc., a registered investment advisor located in Atlanta. Prior to his position with Spectrum, he was Vice President at Goldman Sachs & Co. in New York City. Ed holds an MBA in Finance-Accounting from Columbia Business School in New York, a Master of Science in Control Systems and a BS in Mechanical Engineering, both from the University of Illinois at Urbana/Champaign. He also holds the CFA® designation and is a member of the New York Society of Financial Analysts.

William Whitlow Jr., CFA
Senior Portfolio Manager

Bill, Senior Vice President, is the lead manager of Davidson Investment Advisors’ Multi-Cap Core strategy and a member of the Investment Committee. Prior to joining Davidson Investment Advisors, he was a Portfolio Manager at Safeco Asset Management and Director of Research for Pacific Crest Securities both in Seattle. He earned an MBA in Finance from the University of California and is a graduate of the University of Colorado, where he received a BA in Chemistry. In addition, Bill holds the Chartered Financial Analyst® designation and is a member of the Seattle Society of Financial Analysts.

Thomas Rath, CFA
Senior Portfolio Manager

Tom, Senior Vice President, is the lead manager of Davidson Investment Advisors’ Small/Mid Cap strategy and a member of the Investment Committee. Prior to ­joining Davidson Investment Advisors, he was Vice President and Senior Portfolio Manager at Safeco Asset Management Co. in Seattle. Tom is a graduate of the University of Washington where he received a BA and an MBA in Business Administration. In addition, Tom holds the Chartered Financial Analyst® designation and is a member of the Seattle Society of Financial Analysts.

Brad Houle, CFA
Senior Portfolio Manager

Brad, Senior Vice President, is the lead ­manager of Davidson Investment Advisors’ Equity Income, Fixed Income and Corporate Cash Management strategies and is a member of the Investment Committee. Prior to joining Davidson Investment Advisors, he was a Registered Assistant for Kemper Securities and a Trader for Bidwell & Co., both in Portland,. He earned an MBA from the University of Oregon and is a Cum Laude graduate of the University of Montana where he received a BS in Business Administration-Finance. In addition, Brad holds the Chartered Financial Analyst® designation and is a member of the Oregon Society of Financial Analysts.

Brian Clancy, CFA
Vice President, Portfolio Manager

Brian, Vice President, is the co-manager of Davidson Investment Advisor's Multi-Cap Core strategy and is a member of the Investment Committee. Prior to joining Davidson Investment Advisors, he was a Portfolio Manager and a Research Analyst at Safeco Asset Management in Seattle. He earned an MBA from the University of Washington and is a graduate of the United States Naval Academy, where he received a BS in Mathematics. In addition, Brian holds the Chartered Financial Analyst® designation and is a member of the Seattle Society of Financial Analysts.

Michael Kubas, CFA
Portfolio Manager

Mike, Associate Vice President, dedicates his research to the Small/Mid strategy and is a member of the Investment Committee. Prior to joining Davidson Investment Advisors, he was a Research Analyst at Piper Jaffray. He earned an MBA in Finance from the University of Minnesota and is a graduate of Montana State University, where he received a BS in Business-Finance. In addition, Mike holds the Chartered Financial Analyst® designation.

Paul Condrat, CFA
Research Analyst

Paul’s research is dedicated to all Davidson Investment Advisor's equity strategies and he is a member of the Investment Committee. Previously, he was employed at Bainbridge Capital in San Diego as a Business Analyst Intern. Paul earned a BA in Business Administration-Finance and Marketing from Gonzaga University. In addition, Paul holds the Chartered Financial Analyst® designation and is a member of the Seattle Society of Financial Analysts.

David Hultman, CIMA®
Business Development

Dave, Vice President, is a member of the marketing team and responsible for the development of new institutional business and high net worth client relationships.  Previously, he was Vice President, Specialist Operations for D.A. Davidson & Co.  Dave earned a BS in Agriculture and Managerial Economics from the University of California-Davis.  In addition, Dave holds the Certified Investment Management Analyst designation.

Eldon Pfile
Business Development

Eldon, Associate Vice President, is responsible for a variety of marketing functions and works closely with other firms and financial professionals to provide them with information and products and services from Davidson Investment Advisors.  Previously, he was Director of Sales & Marketing at S.A.F.E. Fire and Medical in Missoula, Montana.  He is a Magna Cum Laude graduate of the University of Montana, where he received a BA in Communication Studies.

Kathi Ross
Client Relations

Kathi, Associate Vice President, is responsible for communications with financial professionals and Davidson Investment Advisors clients.  She is intricately involved with the development of the firm's marketing and Internet and Intranet sites.  Prior to joining Davidson Investment Advisors, Kathi was with AT&T for 25 years, serving as Office Manager of the Sales & Marketing Department.

Mary Mills
Registered Associate

Mary, Associate Vice President, is responsible for assisting in the administration and operations functions for Davidson Investment Advisors, working closely with the client service department of Davidson Investment Advisors to assist in client support.  She has been with Davidson Companies for 28 years. 

Alouette Chicoine
Trader

Alouette is the primary trader for the investment team.  Additionally, she works with the investment committee on a variety of other projects.  Prior to joining Davidson Investment Advisors, she was a Municipal Bond Trader in the D.A. Davidson Fixed Income Capital Markets division for 6 years.  Alouette has over 15 years of experience in the Securities Industry.