Professionals

Scot C. Hollmann, CFA, CIC, is a Principal of LKCM. He joined the firm in 1983 as a consumer products analyst and currently serves as a portfolio manager. Mr. Hollmann graduated with a Bachelor of Business Administration and a Master of Business Administration from Texas Christian University.

Paul W. Greenwell is a Principal of LKCM. He joined the firm in 1983 and serves as a portfolio manager and the retail analyst. Prior to joining LKCM, Mr. Greenwell was a Senior Vice President in charge of Trust Investments for Austin National Bank, Senior Vice President, InterFirst/Austin, Trust Investment Officer for Hibernia National Bank and Senior Security Analyst/Trust Investment Officer for American Security & Trust Co. Mr. Greenwell graduated with a Bachelor of Science from the University of Missouri.

J. Bryan King, CFA, is a Principal of LKCM. He joined the firm in 1994 and is a managing partner of LKCM Private Discipline Management, L.P., LKCM Capital Group and LKCM Headwater Investments. Mr. King graduated with a Bachelor of Arts in History from Princeton University and a Master of Business Administration from Harvard University Graduate School of Business. He started his career in finance as an intern for LKCM.

Gary G. Walsh, CFA, CPA, is a Principal of LKCM. He joined the firm in 1994 and serves as a portfolio manager and the communication services analyst. Prior to joining LKCM, Mr. Walsh worked in corporate finance/mergers and acquisitions and served as an auditor for Arthur Andersen and he worked in corporate finance for Dexter Corporation. Mr. Walsh graduated with a Bachelor of Business Administration from Southern Methodist University and a Master of Business Administration from Texas Christian University.

Mark L. Johnson, CFA, CIC, is a Principal of LKCM. He joined the firm in 2002 and serves as a portfolio manager. Prior to joining LKCM, Mr. Johnson was a Principal and portfolio manager at GSB Investment Management, Chief Investment Officer at Mtrust Fort Worth and was a Credit Loan Review Officer at First National Bank of Fort Worth. Mr. Johnson graduated with a Bachelor of Arts from Duke University.

Mason D. King, CFA, is a Principal of LKCM. He joined the firm in 2004 and serves as Director of Public Equity Investment Strategies and a portfolio manager. Prior to joining LKCM, Mr. King was an equity analyst at Hester Capital Management and a private equity investment analyst at Pacesetter Capital Group and Crates Thompson Capital. Mr. King graduated with a Bachelor of Arts in English Literature from Princeton University and a Master of Business Administration from the University of Texas at Austin, and also completed the TCU Ranch Management Program. He began his career in finance as an intern for LKCM.

Joan M. Maynard is a Principal of LKCM. She joined the firm in 1986 and serves as a portfolio manager. Prior to joining LKCM, Ms. Maynard was an Investment Analyst for SFD Enterprises. Ms. Maynard graduated with a Bachelor of Business Administration from the University of Texas at San Antonio and a Master of Business Administration from Texas Christian University.

Jonathan B. Deweese, CFA, is a Principal of LKCM. He joined the firm in 2003 and serves as a portfolio manager and the industrials analyst. Prior to joining LKCM, Mr. Deweese was an equity analyst at Hester Capital Management, and a senior financial analyst at Mercer Capital Management. Mr. Deweese graduated with a Bachelor of Science from the University of Arkansas and a Master of Business Administration from the University of Texas at Austin.

James J. Kerrigan, CFA, is a Principal of LKCM.  He joined the firm in 1996 and serves as the healthcare analyst. Prior to joining LKCM, Mr. Kerrigan was an equity analyst at Trusco Capital Management and South Trust Bank of Alabama. Mr. Kerrigan graduated cum laude with a Bachelor of Science in Finance and Management from the University of Alabama at Birmingham.

Alan D. Marshall joined LKCM in 1998 and serves as Head Equity Trader. Prior to joining LKCM, Mr. Marshall was an institutional sales trader at Stephens. Mr. Marshall graduated with a Bachelor of Science from the University of Arkansas.

R. Todd Truitt, CFA, joined LKCM in 2001 and serves as a portfolio manager and the consumer discretionary analyst. Prior to joining LKCM, Mr. Truitt was an equity analyst for Street Advisor. Mr. Truitt graduated with a Bachelor of Business Administration in Finance from Texas Christian University and a Master of Business Administration from Northwestern University Kellogg School of Management. Mr. Truitt began his career in finance as an intern for LKCM.

Michael C. Yeager, CFA, CPA, is a Principal of LKCM.  He joined the firm in 2001 and serves as a portfolio manager. Prior to joining LKCM, Mr. Yeager was a partner at Paradigm Capital Corporation, a manager at Arthur Andersen and an accountant at Union Pacific Resources. Mr. Yeager graduated with a Bachelor of Business Administration and a Master of Business Administration from Texas Christian University.

Vernon A. Lamb joined LKCM in 2002 and serves as an equity trader. Prior to joining LKCM, Mr. Lamb served as an analyst and trader at Bratton Capital Management. Mr. Lamb graduated with a Bachelor of Science in Business Administration from the University of Nebraska-Lincoln and a Master of Business Administration from Texas Christian University, where he held the LKCM Fellowship and worked as an intern for LKCM.

David M. Lehmann, CFA, is a Principal of LKCM.  He joined the firm in 2003 and serves as Director of Research, a portfolio manager and the technology analyst. Prior to joining LKCM, Mr. Lehmann covered technology as a senior equity analyst at Lehman Brothers and was a research associate at Salomon Smith Barney. Mr. Lehmann graduated with a Bachelor of Science from the University of Oklahoma and a Master of Business Administration from Southern Methodist University.

Andrew D. Zacharias, CFA, is a Partner of LKCM Private Discipline Management, L.P. and LKCM Headwater Investments. He joined the firm in 2005 and serves as a Private Equity Manager. Prior to joining LKCM, Mr. Zacharias served as a Vice President for Pacesetter Capital Group, Chief Financial Officer and Chief Operating Officer for Street Advisor and worked in the Corporate Finance Group at Bear Stearns. Mr. Zacharias graduated magna cum laude with a Bachelor of Business Administration in Finance and Accounting from Texas Christian University and a Master of Business Administration and a Master of Engineering Management from Northwestern University’s Kellogg School of Management. He started his career in finance as an intern for LKCM.

M. Bradley Wallace, CFA, is a Partner of LKCM Private Discipline Management, L.P. and LKCM Headwater Investments. He joined the firm in 2006 and serves as a Private Equity Manager. Prior to joining LKCM, Mr. Wallace served as Chief Financial Officer for BTWW Retail, Principal and portfolio manager for KBK Capital, and served as interim Chief Executive Officer for Jardine Foods. Mr. Wallace graduated with a Bachelor of Business Administration and a Master of Business Administration, with the honor of Top Scholar, from Texas Christian University.

Michael D. Bornitz, CFA, CPA, joined LKCM in 2010 and is a Partner of LKCM Headwater Investments and a special projects analyst with LKCM Private Discipline Management, L.P. Prior to joining LKCM, Mr. Bornitz served as the Chief Financial Officer for the LKCM Radio Group, and as both a Senior Associate in the Transaction Advisor Group and an Audit Senior while at Ernst & Young. Mr. Bornitz graduated magna cum laude with a Bachelor of Business Administration in Finance and Accounting and a Master of Accounting from Texas Christian University.

Kimberly A. Carter, CFP®, is a Partner of LKCM Headwater Investments. She joined LKCM in 2010 and serves as the CFO for LKCM Capital Group and LKCM Headwater Investments. Prior to joining LKCM, Ms. Carter was a Business Ventures Senior Associate with Lockheed Martin Aeronautics and a graduate of the Financial Leadership Development Program. Ms. Carter graduated summa cum laude and Phi Beta Kappa with a Bachelor of Business Administration in Finance from Texas Christian University and a Master of Management.

C. Brett Scarbrough, CFA, CPA, joined LKCM in 2011 and serves as a micro, small and smid-cap analyst. Prior to joining LKCM, Mr. Scarbrough was an oil and gas investment banking financial analyst at Credit Suisse and a financial and operational analyst at Rawson, L.P. Mr. Scarbrough completed a general course at the London School of Economics.  He graduated with a Bachelor of Arts in Mathematical Economic Analysis from Rice University, a Master of Professional Accounting from the University of Texas McCombs School of Business and a Master of Business Administration from the University of Chicago Booth School of Business. He began his career in finance as an intern for LKCM.

Brittny G. Allred, CFA, is a Principal of LKCM.  She joined the firm in 2013 and serves as a portfolio manager and the consumer staples analyst. Prior to joining LKCM, Ms. Allred was an equity research associate for Stephens, Inc. in Dallas and an investment banking analyst for J.P. Morgan Securities in Dallas. Ms. Allred graduated with a Bachelor of Business Administration in Finance and Bachelor of Science in Economics from Southern Methodist University and a Master of Business Administration from the University of Texas at Austin.

Joel D. Stewart joined LKCM in 2013 and is a Principal with LKCM Headwater Investments. Prior to joining LKCM, Mr. Stewart was a Vice President at The Presidio Group in San Francisco, a Principal of 6Pacific Partners, a boutique merchant bank, and an investment banker at JP Morgan. Mr. Stewart graduated with a Bachelor of Business Administration in Finance and Economics from Baylor University and a Master of Business Administration from the University of Texas at Austin.

Alexander M. Morris joined LKCM in 2013 and serves as an energy analyst. Prior to joining LKCM, Mr. Morris was a senior equity research associate with Raymond James in Houston and an analyst at Greenfield Seitz Capital Management in Dallas. Mr. Morris studied international finance and economics at Oxford University and graduated summa cum laude with a Bachelor of Business Administration from Texas Christian University and a Master of Business Administration from Southern Methodist University.

Daniel C. Downes, CFA, CPA, is a Principal of LKCM.  He joined the firm in 2014 and serves as a portfolio manager and multi-cap analyst. Prior to joining LKCM, Mr. Downes was a senior analyst and portfolio manager for B.C. Holdings, Inc., a senior analyst for Ardsley Partners, a senior analyst and junior portfolio manager for Millennium Partners, LP, and an equity analyst for York Capital Management. Mr. Downes graduated with a Bachelor of Science in Finance from Miami University and a Master of Business Administration from the University of Pennsylvania’s Wharton School of Business.

Rick J. Settle, CFA, joined LKCM in 2014 and is a Principal with LKCM Headwater Investments. Prior to joining LKCM, Mr. Settle was a financial analyst for Citigroup and a student research analyst for Tudor, Pickering, Holt & Co., LLC. He graduated with a Bachelor of Business Administration in Finance and Entrepreneurial Management from Texas Christian University. Mr. Settle once served as an intern for LKCM.

Jenna B. Cox, CFP®, joined LKCM in 2015 and serves as a special projects analyst. She graduated with a Bachelor of Business Administration in Finance with an emphasis in Real Estate from Texas Christian University. She began her career in finance as an intern at LKCM.

Scott F. Oman joined LKCM in 2019 and serves as a Vice President for LKCM Headwater Investments. Prior to joining LKCM, Mr. Oman was an investment banking analyst for Bank of America Merrill Lynch and a senior associate in corporate private equity for Hudson Americas. He graduated with a Bachelor of Business Administration in Finance and a Bachelor of Arts in History from Southern Methodist University.

Davis K. Miller joined LKCM in 2020 and serves as a Vice President for LKCM Headwater Investments. Prior to joining LKCM, Mr. Miller was an acquisitions associate for River City Corp, a senior associate for Blue Sage Capital and an investment banking analyst for Barclays. Mr. Miller graduated with a Bachelor of Business Administration in Finance from University of Texas at Austin and a Master of Business Administration from University of Virginia Darden School of Business.

Jared LeMoine joined LKCM in 2020 and serves as a senior associate for LKCM Headwater Investments.  Prior to joining LKCM, Mr. LeMoine was a financial analyst for Intel and a technology investment banking analyst for J.P. Morgan.  Mr. LeMoine graduated magna cum laude with a Bachelor of Arts in Business Administration from University of Washington.

John S. Waggoner, Jr. joined the firm in 2021 and serves in Private Client Services. Prior to joining LKCM, he was the Chief Financial Officer at Frontera Offshore and co-founder of Remolcadores Portuarios Mexicanos in Mexico City. Mr. Waggoner began his career working for GBM Banco Atlantico in Mexico and was a Vice President with the Citibank Private Bank in Mexico City. Mr. Waggoner also served as the managing partner of Arbitrak Financial. Mr. Waggoner graduated with a Bachelor of Arts in History and a Master of Business Administration from Southern Methodist University.

Cadell L. Alexander joined LKCM in 2021 and serves as a securities analyst focusing primarily on the small cap space. Prior to joining LKCM, Mr. Alexander was a Cowtown Fellow for Cowtown Angels. He also worked in land and acquisitions for RRIG Energy. Mr. Alexander graduated with a Bachelor of Science in General Geology from the University of Texas at Austin and a Master of Business Administration from Texas Christian University. He began his career in finance as an intern for LKCM.

Ellen P. Peden joined LKCM in 2021 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Ms. Peden was an investment banking associate at Hilltop Securities. Ms. Peden graduated with a Bachelor of Arts in Economics and Management and Society from the University of North Carolina.

William K. Jenner joined LKCM in 2021 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Jenner was an analyst at Intrepid Investment Bankers, a subsidiary of MUFG Union Bank, and a summer analyst at Voya Financial. Mr. Jenner graduated with a Bachelor of Arts in Economics with a certificate in Finance from Princeton University.

Perry H. Ginsburg joined LKCM in 2021 and serves as a senior associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Ginsburg worked at Treaty Oak Equity, a private equity firm, and was an analyst at Frontaura Capital LLC. Mr. Ginsburg graduated with a Bachelor of Arts in Mathematics and Economics from Vanderbilt University and a Master of Business Administration from the University of Texas at Austin.

Arthur C. Yeager joined LKCM in 2021 and serves as a financials analyst. Prior to joining LKCM, Mr. Yeager was an investment banking analyst at Keefe Bruyette & Woods. He graduated with a Bachelor of Business Administration in Finance from Texas Christian University. Mr. Yeager began his career in finance as an intern at LKCM.

Sarah E. Topham, CPA, joined LKCM in 2022 and serves as Vice President of Finance for LKCM Headwater Investments.  Prior to joining LKCM, Ms. Topham was the Chief Financial Officer at SmartLift Solutions, LLC, a Controller at Terrace Energy, LLC, a banker associate at JP Morgan Private Bank and an assurance services manager at Ernst & Young, LLP.  Ms. Topham graduated with a Bachelor of Science in Business Administration and a Master of Accountancy from the University of Arkansas.

W. Evan Lee joined LKCM in 2022 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Lee was an investment banking analyst for Stephens Inc. Mr. Lee graduated with a Bachelor of Business Administration from Southern Methodist University.

Dalton B. Banks joined LKCM in 2022 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Banks was an associate for Vortus Investments, and an investment banking analyst for Petrie Partners. Mr. Banks graduated with a Bachelor of Science from Cornell University. He began his career in finance as an intern for LKCM.

Michael Endsley, CFA, joined LKCM in 2023 and serves as a materials analyst. Prior to joining LKCM, Mr. Endsley was an equity research associate at Tudor, Pickering, Holt & Co, and an equity research associate for Seaport Global Securities, LLC. Mr. Endsley graduated with a Bachelor of Science in Geology from Texas A&M University and a Master of Business Administration from University of Houston, C.T. Bauer College of Business.

Jonathan A. Baldwin joined LKCM in 2023 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Baldwin worked at Wolfe Research as an equity research associate. Mr. Baldwin graduated summa cum laude with a Bachelor of Business Administration in Finance from Texas Christian University.

Mark C. Frakes joined LKCM in 2023 and serves as an associate for LKCM Headwater Investments. Prior to joining LKCM, Mr. Frakes worked at Neuberger Berman as a private equity associate and analyst. Mr. Frakes graduated with a Bachelor of Business Administration in Finance from Southern Methodist University.

I. Craig Hester, CFA, CIC, is a Principal of LKCM. He joined the firm in 2012 and serves as a portfolio manager. Prior to joining LKCM, Mr. Hester was the Chairman, Chief Executive Officer, Chief Investment Officer, Director and portfolio manager of Hester Capital Management in Austin. He served as Director of Regional Asset Management for InterFirst Investment Management, Chief Investment Officer of the Texas Municipal Retirement System, Assistant Vice President and Trust Officer for Republic National Bank Dallas and senior analyst for the Teachers Retirement System of Texas. Mr. Hester graduated with a Bachelor of Business Administration and a Master of Business Administration in Finance from the University of Texas at Austin.

John E. Gunthorp, CFA, CIC, joined LKCM in 2012 and serves as a portfolio manager. Prior to joining LKCM, Mr. Gunthorp served as Executive Vice President, Chief Equity Strategist and portfolio manager for Hester Capital Management in Austin and Investment Vice President and portfolio manager for American Capital Asset Management in Houston. In addition, he served as equity portfolio manager and securities analyst for the State Teachers Retirement System of Ohio and portfolio manager for City Bank & Trust, Columbus. Mr. Gunthorp graduated with a Bachelor of Arts from Adrian College in Michigan and a Master of Business Administration from Indiana University.

Scott A. Neuendorf, CFA, CIMA®, joined LKCM in 2012 and serves as a portfolio manager. Prior to joining LKCM, Mr. Neuendorf served as Vice President and portfolio manager for Hester Capital Management in Austin, Energy Trading Associate at Williams Energy Marketing and Trading in Tulsa and as a senior corporate analyst at Comerica Bank in Dallas. Mr. Neuendorf graduated with a Bachelor of Business Administration in Finance and Accounting with Special Distinction from the University of Oklahoma and a Master of Business Administration in Finance from the University of Texas at Austin.

Jeremy A. Blackman, CFA, joined LKCM in 2012 and serves as a portfolio manager. Prior to joining LKCM, Mr. Blackman was a Vice President and portfolio manager for Hester Capital Management in Austin, senior analyst for Townsend Frew & Co. and an analyst for Harris Williams & Co. Mr. Blackman graduated with a Bachelor of Arts in Finance and Political Science from the University of Richmond and a Master of Business Administration from the University of Texas at Austin.

Mark M. Johnson, Jr. joined LKCM in 2011 and serves in Private Client Services. Prior to joining LKCM, Mr. Johnson was a Principal and Co-Managing Director of South Texas Money Management, Ltd. in San Antonio, a senior investment advisor and portfolio manager with Austin, Calvert & Flavin, Inc., and financial consultant with Smith Barney. Mr. Johnson graduated with a Bachelor of Arts in Political Science from Texas Tech University.

Tobin R. Calvert joined LKCM in 2011 and serves in Private Client Services. Prior to joining LKCM, Mr. Calvert was a Principal and Co-Managing Director for South Texas Money Management, Ltd. in San Antonio, a senior investment advisor, portfolio manager and research analyst with Austin, Calvert & Flavin, Inc., and a portfolio manager, research analyst and equity mutual fund co-manager for Davis, Skaggs Investment Management. In addition, he was a research analyst and retail securities broker for Smith Barney and worked in equity research sales for Donaldson, Lufkin & Jenrette Securities Corp. Mr. Calvert graduated with a Bachelor of Science, College of Natural Science, and a Master of Business Administration from the University of Texas at Austin.

Richard M. Kleberg, IV joined LKCM in 2011 and serves in Private Client Services. Prior to joining LKCM, Mr. Kleberg was a Principal and Senior Investment Advisor of South Texas Money Management, Ltd. in San Antonio, and served as Director of Research, Director of Leasing & Marketing and an acquisitions and sales associate at Emerson Partners, Inc. Mr. Kleberg studied at University College, Oxford University and graduated with a Bachelor of Arts in History and Latin American Studies from Southern Methodist University.

Frederick B. Labatt, CFA, joined LKCM in 2012 and serves as a portfolio manager. Prior to joining LKCM, Mr. Labatt served as Director of Equity Research, senior analyst for the Energy and Materials sectors and co-manager for a large capitalization growth fund at South Texas Money Management, Ltd. in San Antonio. In addition, he served as Director of Research, portfolio manager and analyst for Hester Capital Management and Partner of Glass Management in Austin, Director of Research for Austin, Calvert & Flavin, Inc. and Vice President and Director of Research for Frost National Bank. Mr. Labatt graduated with a Bachelor of Arts in History from Vanderbilt University and a Master of Business Administration from the University of Texas at Austin.

Jayme D. Russell rejoined LKCM in 2021 and serves in Private Client Services. Prior to joining LKCM on the investment staff, Ms. Russell was an executive assistant at LKCM and an administrative assistant at South Texas Money Management. She graduated with a Bachelor of Arts in Anthropology and Urban Studies from Trinity University.

Sylvia A. Mendez joined LKCM in 2019 and serves as a portfolio analyst.  Prior to joining LKCM, Ms. Mendez was an investment analyst and the Chief Equity Trader at South Texas Money Management Ltd, and an equity portfolio management assistant and a cash trader at USAA Investment Management Company.  Ms. Mendez graduated with a Bachelor of Business Administration from the University of Incarnate Word.

N. Robert McClane joined LKCM in 2022 and serves in Private Client Services. Prior to joining LKCM, Mr. McClane was a Managing Director and Client Advisor at Avalon Investment & Advisory. He was also the Chief Operating Officer for Loeffler Tuggey Pauerstein Rosenthal, LLP and he founded an international project management and consulting firm in Monterrey, N.L. Mexico early in his career. Mr. McClane graduated with a Bachelor of Arts in Finance from Texas Christian University.

Juan A. Landa joined LKCM in 2022 and serves in Private Client Services. Prior to joining LKCM, Mr. Landa was a Managing Director and Client Advisor at Avalon Investment & Advisory, the founder and CEO of Matterhorn Capital Management, and a senior equity analyst with South Texas Money Management. He was also an associate in the Corporate Finance & Strategy division of McKinsey & Company, and a financial analyst at Goldman, Sachs & Company. Mr. Landa graduated magna cum laude with a Bachelor of Science in Management and Finance from Tulane University and a Master of Business Administration from Stanford University.

David L. Dowler is a Principal of LKCM. He joined the firm in 1986 and serves as a portfolio manager. Prior to joining LKCM, Mr. Dowler was a Vice President for Madison Resources and Assistant Director of Investments for Mutual Life Insurance Company of New York. Mr. Dowler graduated with a Bachelor of Arts from Washington and Lee University and a Master of Business Administration from the University of Texas at Austin.

Gary G. Walsh, CFA, CPA, is a Principal of LKCM. He joined the firm in 1994 and serves as a portfolio manager and the communication services analyst. Prior to joining LKCM, Mr. Walsh worked in corporate finance/mergers and acquisitions and served as an auditor for Arthur Andersen and he worked in corporate finance for Dexter Corporation. Mr. Walsh graduated with a Bachelor of Business Administration from Southern Methodist University and a Master of Business Administration from Texas Christian University.

Mason D. King, CFA, is a Principal of LKCM. He joined the firm in 2004 and serves as a portfolio manager and equity analyst. Prior to joining LKCM, Mr. King was an equity analyst at Hester Capital Management and a private equity investment analyst at Pacesetter Capital Group and Crates Thompson Capital. Mr. King graduated with a Bachelor of Arts in English Literature from Princeton University and a Master of Business Administration from the University of Texas at Austin, and also completed the TCU Ranch Management Program. He began his career in finance as an intern for LKCM.

Brittny G. Allred, CFA, is a Principal of LKCM.  She joined the firm in 2013 and serves as a portfolio manager and the consumer staples analyst. Prior to joining LKCM, Ms. Allred was an equity research associate for Stephens, Inc. in Dallas and an investment banking analyst for J.P. Morgan Securities in Dallas. Ms. Allred graduated with a Bachelor of Business Administration in Finance and Bachelor of Science in Economics from Southern Methodist University and a Master of Business Administration from the University of Texas at Austin.