Multi-Cap Equity Fund Portfolio Management

Fund Managers

The Advisor's firm uses a team approach to investments. Of the ten investment team members, Brian Clancy and Paul Condrat are principally responsible for the management of the Fund's portfolio and serve as co-portfolio managers of the Fund.

Brian P. Clancy, CFA

Senior Vice President, Portfolio Manager

Brian is co-portfolio manager for the Davidson Multi-Cap Equity strategy. Brian joined Davidson Investment Advisors in 2004 after working as co-portfolio manager of SAFECO Asset Management's Multi-Cap Equity strategy. Additionally, Brian served as a portfolio manager for the SAFECO Trust Company. Beyond portfolio management duties, Brian operated as an equity analyst covering the semiconductor, semiconductor capital equipment, communications technology, office equipment, beverage and waste management industries. Brian is a member of the CFA Society of Seattle. Brian earned a BS in mathematics from the United States Naval Academy and earned an MBA in finance with honors from the University of Washington.

Paul G. Condrat, CFA

Vice President, Portfolio Manager

Mr. Condrat is co-portfolio manager of the Davidson Multi-Cap Equity strategy. He has 14 years of investment experience, having previously served as a Senior Research Analyst supporting D.A. Davidson's equity strategies. Prior to joining the firm, he worked with Bainbridge Capital in San Diego as a Business Analyst. Mr. Condrat serves on the Board of Directors, as well as the Finance Committee, for InvestED, a public non-profit organization serving secondary school students. He is a member of the CFA Society of Seattle. Mr. Condrat earned a BBA in Finance and Marketing from Gonzaga University.


Andrew Davidson

President

Andrew has served as President of Davidson Investment Advisors since 2004, representing the third generation of the Davidson family to serve in a senior leadership role within Davidson Companies. Andrew oversees all aspects of the firm's business and operations, and is also a member of the firm's Investment Team. Andrew has over twenty-six years of investment experience, and served as a portfolio manager and then Senior Vice President and Director of Client Services and Marketing prior to his appointment as President of Davidson Investment Advisors. Previously, Andrew worked with Van Kasper Advisors and Dean Witter Reynolds in the San Francisco Bay Area. Andrew currently serves on the Board of Directors for Davidson Companies and is a member of the Senior Management Committee. He earned a BS in Finance from the University of Montana.

Edward (Ed) Crotty, CFA

Senior Vice President, Chief Investment Officer and Portfolio Manager

Ed is Chief Investment Officer and member of the executive team overseeing the firm's overall investment process. He also serves as co-portfolio manager for the Davidson Equity Income and Intermediate Fixed Income strategies. Ed has eighteen years of investment industry experience, having worked at Goldman Sachs in New York as a research analyst and portfolio manager prior to joining Davidson Investment Advisors. Ed is a member of the New York Society of Security Analysts, CFA Society of Seattle, and serves on the Board of Directors for Davidson Investment Advisors. Ed earned BS and MS degrees in engineering with honors from the University of Illinois-Urbana/Champaign and an MBA in finance with honors from Columbia University in New York City.