Doug Pyle launched Radnor Capital in May 2012 after resigning from Columbia Management Group. He is joined this week by Pierce Archer, who is leaving the Pennsylvania Trust Co, and who - along with Pyle - worked at the original Radnor Capital.

The first Radnor Capital was launched in 1989 and sold to US Trust in 1999. It then changed hands numerous times, as US Trust was sold to Charles Schwab then Bank of America, which then went on to sell the institutional advisory unit, Columbia Management, to Ameriprise Financial.

The new firm, which uses the previous firm’s brand, is fully owned and financed by its employees. Other rejoining original team members are Andrea Funk, chief operating officer, Elisabeth Schwan, securities analyst, and Pat Barlow, account administrator.

The firm is a registered investment advisor based in Radnor, PA. It offers investment advice to families, trusts, high net worth clients, charitable organizations, foundations and other institutional portfolios. Pyle and Archer also run separately managed accounts. Pyle specializes in socially responsible mid- and small-cap stocks, while Archer focuses on large-cap and balanced accounts.

Radnor will use Dynasty’s technology, managed investments, institutional research, trust and insurance services and credit facilities, and has selected Schwab as its custodian.