Capstone Asset Management Company

Capstone's Team of Investment Professionals average 20 years of investment experience. Our team of over 20 includes portfolio managers, traders, analysts, administrators and client services representatives. We are accessible and will work closely with you.

EDWARD L. JAROSKI
President & Founder
Fixed Income Portfolio Manager
BBA Temple University

1987-Present:	Capstone Asset Management Company
1981-1987:	Tenneco Financial Services
1969-1981:	Philadelphia Life Insurance Company
Chartered Life Underwriter Chartered Financial Consultant Fellow Life Management Institute

Ed co-founded the firm and serves as President and CEO. He is a member of the Investment Committee and a Fixed Income Portfolio Manager. Ed began his career in 1969 with Philadelphia Life Insurance Company as Manager of Investments and in 1980 became Vice President of Finance. Ed helped to form Tenneco Financial Services in 1981, the predecessor organization to Capstone, and served as Executive Vice President. Ed has earned the professional designations of Chartered Life Underwriter (CLU), Charter Financial Consultant (ChFC) and Fellow Life Management Institute (FLMI).

DAN E. WATSON, PhD
Executive Vice President and Founder
Equity Portfolio Manager
PhD Rice University
MA Rice University
MS Baylor University
BA Baylor University (Magna Cum Laude)

1987-Present:	Capstone Asset Management Company
1981-1987:	Tenneco Financial Services
1977-1981:	Tenneco, Inc.
1971-1977:	Texas Commerce Bank

Dan is a co-founder of Capstone and the firm’s Chief Investment Officer. He is also the Senior Equity Portfolio Manager and serves on the Investment Committee. Dan began his career in 1971 with Texas Commerce Bank. In 1977 he joined Tenneco, Inc. and subsequently served as Assistant to the Chairman of the Board. Dan helped to form Tenneco Financial Services in 1981, the predecessor organization to Capstone and served as its President.

HOWARD S. POTTER
Executive Vice President
Fixed Income Portfolio Manager
MA Northwestern University
BA University of Wisconsin

1996-Present:	Capstone Asset Management Company
1991-1996:	New Castle Advisers, Inc.
1984-1991:	Oppenheimer & Company
1981-1984:	Donaldson, Lufkin & Jenrette, Inc.

Howard is a Fixed Income Portfolio Manager in addition to being a member of the Investment Committee. Howard began his investment career trading financial futures as a local floor trader. During the early 1980’s, he published weekly newsletters on financial futures and debt options at Donaldson, Lufkin & Jenrette, Inc. In 1984, Howard joined Oppenheimer & Co. to spearhead the Risk Management Group. In 1991, he founded New Castle Advisers, Inc. to manage fixed income portfolios and mutual funds. In 1996, New Castle was acquired by Capstone at which time Howard joined Capstone.

JOHN R. WOLF
Senior Vice President - Investments
Equity Portfolio Manager
MBA Manhattan College
BBA Hofstra University

1996-Present:	Capstone Asset Management Company
1992-1996:	New Castle Advisors, Inc.
1987-1992:	Oppenheimer Capital
1983-1987:	The Dreyfus Corporation

John serves as Senior Vice President and Equity Portfolio Manager in addition to being a member of the Investment Committee. He began his career in 1983 with The Dreyfus Corporation and in 1987 joined Oppenheimer Capital, as an accounting manager supervising both equity and fixed income mutual funds. In 1992, John joined New Castle Advisers which managed fixed income portfolios and mutual funds. In 1996, New Castle was acquired by Capstone at which time John joined Capstone as a portfolio manager.

DONALD R. McFADDEN, CPA
Senior Vice President
Portfolio Manager
MBA John F. Kennedy University
1996-Present: Capstone Asset Management Company
1994-1996:      Piper Jaffray
1992-1994:      Smith Barney Harris Upham & Co., Inc.
1986-1992:      Sutter Health

Don serves as Senior Vice President in addition to being a member of the Investment Committee. He is involved in Credit Research, Social values screening, and Institutional Sales. Don joined Capstone Asset Management Company in 1996 as Senior Vice President. Prior to joining Capstone, he provided investment services to corporate and nonprofit institutional clients at Piper Jaffray. Previously, he served as a public finance investment banker with Smith Barney, providing capital financing for health care clients. Before entering the financial services industry, he served as Treasurer of Sutter Health, a large multi-facility health care system based in California. In addition to various securities licenses, Don is also a Certified Public Accountant.

THOMAS G. SEVERSON
Senior Vice President - Investments
BA University of Wisconsin; Statistics and Risk Management

Thom works with Capstone’s Investment Team recommending option strategies and assists in option portfolio optimization. Thom began his investment career in 1987 as an option clearing specialist, and has taught several classes on option theory. Since 1993, Thom has traded commodity futures and options for several major oil and private trading companies. In these capacities, he has built an expertise in options as a proprietary trader and portfolio risk manager.

PAUL C. TOWNSEN
Vice President - Investments
BBA Incarnate Word University

1993-Present:

Capstone Asset Management Company

Paul serves as Vice President of Investments and is a member the investment team. He is senior equity trader, options trader and municipal bond trader. His responsibilities also include portfolio management, portfolio analytics and fixed income trading. He began his career with Capstone in 1993. Paul is an NASD registered representative.

GINA M. GARCIA
Assistant Vice President - Investments
San Jacinto Community College
2000-Present: Capstone Asset Management Company
1982-2000: Syscom Development

Gina serves as an Assistant Vice President of Investments and is a member of the investment team. She is also a member of the portfolio operations, accounting and analysis team, and is Senior fixed income trader. Gina’s responsibilities also include portfolio analytics, equity and option trading. She began her investment career with Capstone in 2000. Before joining Capstone, Gina worked in budget administration and operations in the aerospace industry.

	LYNNETTE M. BROSS Assistant Vice President - Investment Administration North Harris County College 1988-Present: Capstone Asset Management Company
Lynnette is an Assistant Vice President in Portfolio Administration. In her role, she oversees the operations, accounting and analysis team, and is the institutional client service contact for performance and portfolio statistics. She joined Capstone in 1988 as an Account Administrator in the Transfer Agency Department. Her experience includes equity trading and corporate accounting.