 |
|
|
In 1949, Louis Bieler, a former Philadelphia banker with considerable investment experience, founded an investment firm to focus on the management of accounts for wealthy individuals. Two years later, Jay Cooke, a prominent Philadelphian, joined the firm which then became Cooke & Bieler. Having complementary talents, the two proved to be a successful combination. By the time of Jay Cooke's death in 1963, the firm had its first pension account and more than $100 million under management. New professionals joined in the 1960's and early 1970's as Cooke & Bieler grew steadily and developed the resources for its budding institutional business. Following Louis Bieler's retirement, six partners bought the firm in 1973. By this time, more than half of the firm's $350 million under management were institutional funds. Cooke & Bieler experienced strong growth for many years and by
1986 had $2 billion under management. In that year, the firm became
part of United Asset Management. As
of December 31, 2007, we are now managing approximately $7.9 billion
of institutional and individuals' assets. Cooke & Bieler's
success continues as the firm delivers service and performance through
a seasoned team of professionals committed to the same "high quality,
low risk" investment approach that has distinguished the firm throughout
its history. |
