BBA University of Texas – Austin, Texas
Certified Public Accountant

As Senior Vice President & Trust Officer, Richard has spent over fifteen (15) years managing the Trust Department of Guaranty Bond Bank. The Department offers traditional trust services as well as investment management and financial planning services to clients in the Northeast Texas area. The Department has grown from 3 employees managing $11 million in assets in 1993 to 8 employees managing $127 million in assets in 2009.

GB Financial is responsible for the management and oversight of client portfolios over which we exercise investment discretion. Each portfolio is client centric and is focused on implementing the appropriate risk management strategy to meet the client’s objectives.

Richard oversees portfolio construction and implementation thru evaluation of the risk/reward characteristics of client asset allocations; evaluation of mutual funds as potential representatives of their asset class; ongoing evaluation of fund managers and selection of funds to be added or deleted from the “Best of Breed” list maintained by GB Financial . GB Financial does not use outside providers to manage client portfolios.

Prior to joining Guaranty Bond Bank, Richard spent twenty-one (21) years in public accounting with various firms around Texas. Richard was a tax partner in a large CPA Firm located in Tyler, Texas where he worked with clients in the areas of income tax planning, estate planning, and trust administration.

Richard has presented numerous seminars on investment planning, tax planning, estate planning and financial planning for current and prospective clients as well as the public.

Industry Involvement:

Texas Bankers Association of Wealth Management & Trust Division American Institute of CPA’s Texas Society of CPA’s East Texas Chapter of Texas Society of CPA’s

Industry Committees/Accomplishments:

Former member and past-chairman of the TSCPA CPE Foundation Tax Curriculum Committee Former member-at-large of the Texas Bankers Association Wealth Management & Trust Division Administrative Council Certificate of Educational Achievement from AICPA in Financial Planning

Civic:

Titus County Regional Medical Foundation – Board of Directors & Treasurer Lions Club J.D. May Charities, Inc. – Board of Directors & Treasurer