Portfolio Managers are devoted to maintaining strong relations with existing clients and financial consultants. Portfolio Managers review client portfolios to ensure that policy decisions are implemented in accordance with overall investment strategy and any client specific guidelines.
   
 
  EDWARD C. HULL, CPA, CFA
  Ed joined Rorer's portfolio management team in 1999. Before joining Rorer, Ed was a Financial Advisor in the Business Valuation Services Group at PricewaterhouseCoopers, LLP. He has over 12 years of experience and holds a B.S. degree from the University of Pennsylvania's Wharton School. He holds the Chartered Financial Analyst designation and is a Certified Public Accountant. He is also a member of the Financial Analysts Society of Philadelphia.
   
 
 
  RICHARD M. LUNSFORD
PRINCIPAL
  Richard joined Rorer's portfolio management team in 1997. Before joining Rorer, Richard was a Senior Consultant at Wm. Mercer Investment Consulting, Inc., and a Vice President and Portfolio Manager at Wolf, Webb, Burk & Campbell. He has over 31 years experience and holds an M.B.A. from The American University and a B.S. degree from the University of Delaware. He is a member of the Financial Analysts Society of Philadelphia.
   
 
  PHILIP A. MCMUNIGAL, III, CFA
  Phil joined Rorer's portfolio management team in 1999. Before joining Rorer, Phil served as Vice President & Senior Portfolio Manager at Merrill Lynch Mercury Asset Management. He has over 22 years of experience and holds an M.B.A. from the Wharton School, University of Pennsylvania and a B.A. degree from the University of North Carolina. He earned the right to use the Chartered Financial Analyst designation and is a member of the Financial Analysts Society of Philadelphia.
 
 
 
  DENISE S. IEMOLO
  Denise joined Rorer's portfolio management team in 1998. Before joining Rorer, Denise was an Investment Administrator with Miller Anderson & Sherrerd, LLP. She also served as a Supervisor of the Portfolio Analyst Group at SEI Corporation. She has over 12 years experience and holds an M.B.A. from Villanova University and a B.S. from The Catholic University of America. Denise is a member of the Financial Analysts Society of Philadelphia.
   
 
  NEENA SAXENA, CPA, CFA
  Neena joined Rorer's portfolio management team in 2001. Before joining Rorer, Neena was a Manager in the Assurance and Business Advisory Services Group at PricewaterhouseCoopers, LLP. She has over 10 years of experience and holds a M.S. degree from the University of Delaware. She holds the Chartered Financial Analyst designation and is a Certified Public Accountant. Neena is also a member of the Financial Analysts Society of Philadelphia.