Todd M. Morgan, Senior Managing Director

Todd is a founding member of Bel Air Investment Advisors LLC. Prior to starting Bel Air, Todd was a Limited Partner at Goldman, Sachs & Co. in Los Angeles, where he launched the Private Client Services’ investment advisory business for high net worth individuals and families. Prior to the Los Angeles office, Todd was a General Partner in New York (1984–1991) where he was responsible for Private Client business for that region. Todd began his investment career in 1970.

Todd currently serves on the Board of Directors of Cedars-Sinai Medical Center in Los Angeles and is a member of its Investment and Resource Development committees. In 2001, he completed his term as the Chairman of the United Jewish Federation Council of Greater Los Angeles. He has also served in various roles of several charitable organizations including General Campaign Chairman and Chairman of the Los Angeles Jewish Federation; Honorary Trustee of the Jewish Community Foundation; member of the Board of Directors of Big Brothers of Greater Los Angeles; member of the Board of Governors of New York Hospital; and Vice Chairman of the Coalition to Free Soviet Jews.

Todd received his B.A. from the University of Minnesota.

Reed E. Halladay, Managing Director

Reed is a founding member of Bel Air Investment Advisors LLC. Prior to starting Bel Air, Reed was with Goldman, Sachs & Co. in Los Angeles, where he specialized in equity and fixed income portfolio management and was also involved in new business development and single stock risk management. Reed began his investment career in 1976.

Reed has been a leader in his community, serving in The Church of Jesus Christ of Latter-day Saints as a bishop and as a stake president, and is currently a member of the President’s Advisory Council at Brigham Young University. In addition, Reed is the past Chairman and a current member of the School of Business Advisory Council at Utah Valley State College in Orem, Utah. He is a founding trustee and Chairman of the Board of the Pasadena Museum of California Art.

Reed received his B.A. and M.B.A. degrees from Brigham Young University.

Darell L. Krasnoff, Managing Director

Darell is a founding member of Bel Air Investment Advisors LLC. Prior to starting Bel Air, Darell was a Managing Director of Goldman, Sachs & Co., overseeing Private Client Services for the Los Angeles office, where he started his investment career in 1981.

Darell is on the Board of Directors of the Center Theatre Group, the operating company for the Ahmanson Theatre and Mark Taper Forum, and is the Chairman of the investment committee for the Music Center Foundation. He is the past Chairman and current member of the Board of L.A. Team Mentoring, an organization that provides mentors for approximately 1,200 students at ten middle schools in challenging urban neighborhoods in Los Angeles. He is a member of the Board of Trustees of the Pardes Institute of Jewish Studies in Jerusalem.

Darell holds a B.A. from Occidental College, and an M.B.A. from the Stanford Graduate School of Management.

Andrew D. Palmer, Managing Director

Andrew joined Bel Air Investment Advisors LLC in 2001 and is responsible for client servicing and business development. Previously, Andrew was a Senior Financial Advisor at Merrill Lynch & Co., Inc. for over five years, where he specialized in equity and fixed income portfolio management for high net worth individuals. Andrew began his investment career in 1996.

Andrew is a member of the Board of Directors of Jewish Vocational Services, an active participant in the Jewish Federation and Israel Children’s Centers, and enjoys coaching AYSO soccer. Andrew is also a benefactor of the John Wayne Cancer Institute at St. John’s Hospital and the Inner City Education Foundation (ICEF), which operates three of California’s highest performing charter schools that offer at-risk children a quality education in their own community.

Andrew received his B.A. from the University of Denver.

Ronald J. Silverman, Managing Director

Ron joined Bel Air Investment Advisors LLC in 2003 as an investment advisor. Prior to joining Bel Air, Ron was a Senior Managing Director and a member of the Management Committee of Gerard Klauer Mattison & Co., Inc., an investment bank headquartered in New York. Before GKM, Ron was a partner of the Beverly Hills-based law firm Weissmann, Wolff, Bergman, Coleman, & Silverman for 15 years; earlier he was a partner of the Los Angeles law firm Manatt, Phelps, Rothenberg & Tunney. Ron started his legal career as a trial attorney with the United States Department of Justice, Antitrust Division.

Ron is on the Board of Directors of the City of Hope. He previously served on the Board of Directors of Cedars-Sinai Medical Center. Ron has also been active in Jewish Federation activities, leading the Los Angeles chapter on its first mission to Cuba in 1999 and co-chairing a UJF Major Gifts Mission to Washington, D.C. Ron is also on the Board of Trustees of Children Institute Inc.

Ron serves on the Board of Advisors of the George Washington University Law School, where he received his J.D. degree. He received his B.A. degree from Pennsylvania State University.

Jack R. Suzar, Managing Director

Jack joined Bel Air Investment Advisors LLC in 1999, after more than 32 years consulting and advising clients on tax and investment strategies at BDO Seidman, LLP in Los Angeles. He was a member of senior management at BDO Seidman, serving on its Board of Directors and Executive Committee.

Jack has long been active in civic and charitable organizations. He is a past Chairman of the Board of Directors of City of Hope National Medical Center and the Beckman Research Institute, has served on the Board of Advisors at the University of Southern California Leventhal School of Accounting, and has been involved with the Music Center and the United Way. Additionally, he has served as the President of the Board of Directors for Jewish Vocational Services.

Jack received his B.S. in accounting from California State University at Northridge.

Kevin W. Philip, Vice President

Kevin joined Bel Air Investment Advisors LLC in 2002 and is responsible for client servicing and business development. Kevin has in-depth experience in asset allocation modeling, complicated estate structuring, and asset manager evaluation.

Prior to joining Bel Air, Kevin had experience at Morgan Stanley, Century National Bank and the U.S. State Department in Berlin. He is an active supporter of UNICEF, Doctors Without Borders, International Medical Corps (IMC) and the American Red Cross.

Kevin received his B.A. with honors from Stanford University.

Duncan Rolph, Vice President

Duncan joined Bel Air Investment Advisors LLC in 2004 and is responsible for client servicing and new business development. Duncan joined Bel Air from Imaging Portals, a software diagnostics company, where he was the Vice President of Business Development.

Before joining Imaging Portals, Duncan was the co-founder of Dealersource, Inc., a venture-capital-funded software company that he later sold to Imaging Portals. He was also an Asset Management Summer Associate with Goldman, Sachs & Co.

Duncan received his B.A. from Northwestern University and his M.B.A. from the University of Chicago.

David Sadkin, Vice President

David joined Bel Air Investment Advisors LLC in 2006 and is responsible for client servicing and business development. Prior to joining Bel Air, David was senior counsel to Rep. Henry A. Waxman and executive director of his political action committee, L.A. PAC. He previously served as counsel to the House of Representatives Committee on Government Reform in Washington, D.C., and is admitted to the California and District of Columbia bars.

David earned his J.D. from Harvard Law School in 1994. While at Harvard, David was a teaching fellow in economics, and was recognized with the Outstanding Teaching Fellow award. David received his B.S. in Economics with highest honors from the University of Illinois at Urbana-Champaign.

Eric S. Bright, Associate

Eric joined Bel Air Investment Advisors LLC in 2004 and is responsible for client servicing and business development. Eric has in-depth experience in asset allocation modeling, complicated estate structuring and asset manager evaluation.

Eric is a Director of The NineTenths Group, a non-profit organization that provides pro bono consulting services to early stage education-related ventures. Eric is a member of the Claremont McKenna College Alumni Association Los Angeles Chapter leadership team. Eric also headed the volunteer effort in the San Gabriel Valley for Governor Arnold Schwarzenegger’s campaign in 2003.

Eric received a B.A. in Economics and a B.A. in Government from Claremont McKenna College (CMC), where he served as one of two student members of the CMC Trustee Investment Committee.

Kenneth Naehu, Managing Director, Fixed Income

Ken is the senior portfolio manager and head of Bel Air's fixed income strategy. Before joining Bel Air Investment Advisors in 1998, Ken held the positions of Associate Director and senior trader, responsible for the West Coast Municipal Department of Bear, Stearns & Co., Inc. Prior to Bear Stearns, Ken was an Assistant Vice President in the High Yield Department with Drexel Burnham Lambert. Ken began his investment career in 1985.

Ken is involved with Big Brothers of Los Angeles and participates in triathlons. He received his B.S. in business administration from Pepperdine University.

Craig A. Brothers, Managing Director; Portfolio Manager

Craig is a portfolio manager for Bel Air’s fixed income strategy. Before joining Bel Air Investment Advisors LLC in 2002, Craig was the Head Municipal Trader at Fidelity Investments in Los Angeles, handling municipal securities for institutional and retail clients. Before Fidelity, Craig was a Senior Vice President/Institutional Trader at Lehman Brothers, where he traded one of the largest municipal inventories on the West Coast, with an emphasis on bonds in the serial maturity range. Craig began his investment career in 1984.

Craig is active in the community and enjoys coaching youth soccer and baseball. He received his B.S. in economics from the University of California, Los Angeles.

Richard F. Freilich, Managing Director, Head of Equity Trading

Rich joined Bel Air Investment Advisors LLC in 1998, and is head of equity trading with specific responsibilities for the Bel Air Opportunistic Fund, LP. Prior to coming to Bel Air, Rich served as an Assistant Vice President with Donaldson, Lufkin & Jenrette, where his responsibilities included managing the Prime Brokerage Trading Desk. Before DLJ, he was with Icahn & Company for seven years, where his primary responsibilities included sales and trading for high net worth clients. Rich began his investment career in 1983.

Rich received his B.A. in Marketing from Rider University in Lawrenceville, New Jersey.

Gary M. Flam, Portfolio Manager

Gary joined Bel Air Investment Advisors LLC in 2004 where he is a senior equity analyst. Previously, Gary held positions as an analyst at William O’Neil & Co. and a portfolio manager at Wells Fargo Bank, where he managed equity and fixed income portfolios for high net worth individuals. He was also a member of Wells Fargo’s Fixed Income Investment Policy Committee.

Gary has been a CFA charterholder since 2000 and is a member of the CFA Institute and the Los Angeles Society of Financial Analysts. He received his B.A. magna cum laude from the University of Rochester and his M.B.A. from The Wharton School at the University of Pennsylvania.

Johnny Y. Lai, CFA; Senior Equity Analyst

Johnny joined Bel Air Investment Advisors LLC in 2006 after nearly six years as a senior equity analyst at RNC Capital. He followed large cap stocks in consumer staples, financial services, media, semiconductors and telecom services at RNC. Prior to that, he was a portfolio manager at First Quadrant, an institutional quantitative investment management firm in Pasadena, California.

Johnny is a CFA charterholder and a member of the CFA Society of Los Angeles. He is a student mentor in the Fulfillment Fund and a little league coach for Barrington Recreation Center. Johnny received his B.A. in Business Economics from the University of California at Santa Barbara.

Timothy W, McCandless, Senior Equity Analyst

Tim joined Bel Air Investment Advisors LLC in 2007 where he is a senior equity analyst. Previously, he was a principal at Chapman Capital. From 2003 to 2006, Tim was the senior analyst and then partner at Symmetry Capital, a long/short hedge fund. Prior to Symmetry Capital, Tim spent nearly four years in equity research at Banc of America Securities; he was the sole research associate on the Major Pharmaceuticals team ranked as "Best Up-and Comer" in Institutional Investor'rs 2003 All-American Team.

Tim has raised money for cancer research for the Leukemia Society of America and regularly competes in triathlons. He received his B.A. in Molecular and Cell Biology with an emphasis in genetics from the University of California at Berkeley.

Brian Goldberg, Vice President / Fixed Income Trader

Brian joined Bel Air Investment Advisors in July of 2000. Prior to joining Bel Air, Brian worked as a research analyst for CIBC Oppenheimer. Prior to CIBC, he worked at Morgan Stanley where he specialized in equity and fixed income portfolio management for high net worth individuals. Brian received his B.S. in business finance from the University of Southern California.

Matthew D. Anhut, Managing Director; General Counsel; Chief Compliance Officer

Matt joined Bel Air Investment Advisors LLC in 2005 from private practice, where he focused on securities regulatory matters for investment advisory and broker-dealer clients. He practiced with the law firm of Bryan Cave LLP in Santa Monica and, earlier, with Kirkpatrick & Lockhart LLP in New York and Washington, D.C. Matt is admitted to the California, Maryland and District of Columbia bars.

He received his B.S. in Business Administration from Georgetown University and his J.D. with honors from Emory University.

Tyler Kelley, Managing Director, Chief Operating Officer

Tyler is responsible for the implementation of firm strategy and operations. Prior to joining Bel Air in 2005, Tyler was in the Corporate Development and Strategic Planning Department with AECOM Technology Corporation. Earlier, Tyler was with Goldman, Sachs & Co. in Los Angeles in its Mergers and Strategic Advisory Department. He also worked for the Castle Group, a leading entry market strategy firm in Jakarta, Indonesia, after being selected as one of 18 Luce Scholars in a nationwide competition.

Tyler was recently appointed to Commissioner for Los Angeles County. He is a NextGen member of the Pacific Council on International Policy and co-founder of The NineTenths Group, a non-profit providing pro bono consulting services to early stage education-related ventures.

Tyler received his B.A. with honors from the University of Southern California, where he was student body president.

Ron Harrington, Vice President, Chief Financial Officer