CHARTWELL INVESTMENT PARTNERS/PA

Chartwell Investment Partners LP, now known as Chartwell Investment Partners Inc., is an investment management company based out of Berwyn, Pennsylvania. The company was established in 1997 and operated as an independent company until 2014, when it was acquired by Tristate Capital Holdings, Inc. Chartwell Investment Partners continues to operate as a subsidiary of Tristate Capital Holdings and is headed by CEO Timothy J. Riddle, operating with 48 employees of which 30 are investment professionals. The company conducts its research both internally and externally, utilizing a bottom up investment approach with fundamental and quantitative analysis to make its investment decisions. The company invests in the public equity and fixed income markets within the United States, focusing on the core, value, and growth stocks of small and mid-cap companies. Chartwell Investment Partners invests most heavily in the finance and consumer discretionary sectors, which each make up over a fifth of its total asset allocations, and also invests in the information technology, health care, industrials, and energy sectors, among others to a lesser degree, in order of decreasing allocation. The company currently holds over $7.7 billion in total assets under management spread across 215 accounts, all of which are discretionary. Chartwell Investment Partners provides a variety of advisory activities and takes advisory fees in the form of fixed fees, a percentage of assets, and various performance based fees. The company mainly caters to pension and profit sharing plans, which alone makes up over half of its entire client base, and also provides services to corporations or other businesses, high net worth individuals, banking or thrift institutions, charities, investment companies, pooled investment vehicles, and state or municipal government entities, among others, in order of decreasing clientele. Chartwell Investment Partners currently provides a variety of investment strategies and offers its Chartwell Small Cap Value Fund and Chartwell Short Duration High yield Fund mutual funds.