Portfolio Management

Nicholas Kaiser MBA
Chairman, Director,
Portfolio Manager, and Global Strategist

Nicholas Kaiser, Chairman, was born in Bellingham in 1946. Mr. Kaiser graduated from Yale College, with a degree in economics and obtained his MBA from the University of Chicago in 1968, with dual majors in International Economics and Finance. Mr. Kaiser purchased control of Unified Management Corporation (Indianapolis) in 1976, and built it into a mid-sized investment management and brokerage firm. After selling Unified to a major insurance company, he returned to Bellingham and founded Saturna Capital in 1989.

Mr. Kaiser and his children control Saturna Capital through its voting stock. He is Saturna's global investment strategist. He serves Amana Mutual Funds Trust as trustee and president.

Mr. Kaiser's industry activities include service with the Investment Company Institute (past Governor), CFA Institute (past chapter president), Financial Planning Association (past chapter president), and No-Load Mutual Fund Association (past national president). He currently serves on the volunteer boards of Franklin Academy and the Mt. Baker Foundation. He supports a range of non-profit activities, such as the Kaiser Professorship in International Business at Western Washington University. A commercial pilot (retired), ocean sailor, and avid skier, he reads and travels extensively.

Mr. Kaiser was Northwest Business Monthly's Business Person of the Year in 2006, and received Whatcom Business Alliance's Lifetime Achievement Award in 2013.

Phelps McIlvaine
Vice President, Director
and Portfolio Manager

Phelps McIlvaine, Vice President, joined Saturna Capital in 1993. He serves Saturna as Portfolio Manager and a Research Analyst for Idaho Tax-Exempt Fund, Sextant Short-Term Bond Fund, Sextant Bond Income Fund, and Sextant Core Fund. He also acts as Director for Saturna's wholly-owned brokerage subsidiary, Saturna Brokerage Services. Mr. McIlvaine was born in Illinois in 1953, and has a BA in economics (University of Denver, 1975 Phi Beta Kappa).

Mr. McIlvaine entered the investment business in 1976 and traded US bond and derivative markets from 1977 to 1986 for commercial banks in Boston and Chicago. From 1987 to 1993 he managed fixed income derivative hedge funds in Chicago and London. He serves on the Endowment Committees of the Nooksack Salmon Enhancement Association and the Bellingham Interfaith Coalition.

Scott Klimo CFA®
Vice President, Chief Investment Officer
and Portfolio Manager

Scott Klimo, Vice President & Chief Investment Officer, joined Saturna Capital in May 2012. He received his BA in Asian Studies from Hamilton College in Clinton, NY and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. Scott has over 30 years experience in the financial industry with the first several years of his career spent living and working in a variety of Asian countries and the past 20 years working as a senior analyst, research director and portfolio manager covering global equities. Mr. Klimo is a Chartered Financial Analyst (CFA) charterholder and a private pilot. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition.

Monem Salam MBA
Executive Vice President
and Portfolio Manager

Monem Salam is Executive Vice President and a Director of Saturna Capital.  He received his degrees from the University of Texas: BA (Austin) and MBA (Dallas).

He worked as the Chief Investment Officer for ITG & Associates (Dallas) until 1999; then as a representative with Morgan Stanley (suburban Dallas) until joining Saturna Capital in June 2003.  He served as the Director of Islamic investing and a Deputy Portfolio Manager to the Amana Mutual Funds Trust until moving to Kuala Lumpur in 2012 to oversee Saturna Sdn. Bhd. In 2018, he returned to the United States. He is Portfolio Manager of the Amana Income and Developing World Funds, as well as investment management accounts, and a Deputy Portfolio Manager of Amana Growth Fund.

Monem is Adjunct Professor at IE Business School and speaks at Islamic finance/investment conferences worldwide and he is co-author of A Muslim's Guide to Investing and Personal Finance. Monem has authored chapters on Islamic Investing in both Contemporary Islamic Finance and Islamic Capital Markets and he contributes articles to leading Islamic financial magazines. As a mark of recognition of his achievements in Islamic economy, Monem was ranked among 500 of the Islamic world's most prominent and influential leaders by ISLAMICA 500 in 2015.

Bryce Fegley MS, CFA®, CIPM®
Senior Investment Analyst
and Portfolio Manager

Bryce Fegley, MS, CFA, CIPM, Senior Investment Analyst & Sextant Global High Income Fund Portfolio Manager, joined Saturna Capital in 2001 and worked in brokerage/trading and later as an investment analyst. Beginning in 2010, he spent two years as President of our Malaysian subsidiary, Saturna Sdn Bhd, directing its research and fund management operations. In 2012 he returned to Saturna Capital headquarters. Prior to joining Saturna, Mr. Fegley worked in brokerage operations in Seattle from 1997-2000. Originally from upstate New York, he studied at the University of Colorado at Boulder earning his BA in English Literature. Mr. Fegley earned an MS in Computational Finance and Risk Management from the University of Washington in December 2017. His volunteer activities include a board role with the Whatcom Family YMCA. His hobbies include reading and playing piano, traveling with his family, bicycling, and cooking.

Patrick Drum MBA, CFA®, CFP®
Senior Investment Analyst
and Portfolio Manager

Patrick T. Drum, Senior Investment Analyst and Saturna Sustainable Bond and Amana Participation Funds Portfolio Manager joined Saturna Capital in October 2014. He is a former adjunct professor of finance for the Sustainable MBA Program at the Bainbridge Graduate Institute (BGI) currently known as Presidio Graduate School. Mr. Drum holds a BA in economics from Western Washington University and an MBA from Seattle University Albers School of Business. He is a Chartered Financial Analyst (CFA) charterholder and a Certified Financial Planner®.

Prior to joining Saturna Capital, Mr. Drum led environmental, social, and governance (ESG) research and was director of fixed income portfolio management since 2007 with a private account group at UBS Institutional Consulting Services specializing in investment management for global conservation and national wildlife park endowments as well as sustainable-social screened client portfolios. He is a former Chair of the United Nation’s Principles for Investment (UNPRI) Fixed Income Outreach Subcommittee and a current member of the  UNPRI's Bondholder Engagement Working Group (BEWG), an advisory committee working to elevate important ESG considerations and best practices among issuers and investors.

Mr. Drum's past experience also includes business valuation at Moss Adams and portfolio management at Washington Mutual Bank. He lives in Bellingham and is a proud father of two. He enjoys sea kayaking, hiking, and being part of the Pacific Northwest community. Mr. Drum is a member of the board of trustees to the Museum of Glass in Tacoma and a member of Rotary.

Chris Lang CFA®
Vice President, Saturna Brokerage Services
Senior Investment Analyst and Portfolio Manager

Chris Lang, Vice President – Saturna Brokerage Services, Senior Investment Analyst, and Portfolio Manager, joined Saturna Capital in February 2005. Mr. Lang graduated from Western Washington University in August of 2004 with a BA in Business Administration – Finance and is a Chartered Financial Analyst® charterholder. Mr. Lang enjoys fishing, skiing, backpacking, cooking, playing golf, and spending time with his wife and daughter.

Sean Spurgin CIPM®
Securities Data Manager
Portfolio Analyst

Sean Spurgin, Securities Data Manager and Portfolio Analyst, joined Saturna Capital in March of 2011. He earned a BA in Finance, with a minor in Economics, from Western Washington University. He formerly worked as a reimbursement analyst in the insurance industry. Raised in Yakima, WA, his hobbies include playing golf, running, hiking, and fishing. Sean also enjoys soccer, having played on the Wenatchee Valley College soccer team.

Christopher E. Paul MBA, CFA®
Senior Investment Analyst
and Portfolio Manager

Christopher E. Paul, Senior Investment Analyst, joined Saturna Capital in August 2016. He earned an MBA Finance from New York University and a BS Computer Science from Syracuse University. Mr. Paul is a Chartered Financial Analyst® (CFA®) charterholder and Portfolio Manager of the Sextant Core Fund. His experience includes research and management positions at asset management firms and investment banks, as well as finance and operations roles at technology companies. Outside of work, Mr. Paul is either reading or outdoors exploring the Pacific Northwest with his family.

Elizabeth Alm CFA®
Senior Investment Analyst
and Portfolio Manager

Elizabeth Alm, Senior Investment Analyst, joined Saturna Capital in April of 2018. Originally from Connecticut, she graduated from New York University with degrees in Economics and Anthropology including field work completed in Luxor, Egypt.

Prior to joining Saturna, Ms. Alm spent 11 years at Wells Fargo Asset Management as a senior research analyst focusing on high yield municipal bonds. As part of her previous role, she also worked on the management of several municipal SMA strategies. Ms. Alm is a Chartered Financial Analyst® (CFA®) charterholder.

Outside of work she enjoys mountaineering, photography, and international travel.

Levi Stewart Zurbrugg MBA, CPA®
Senior Investment Analyst
and Portfolio Manager

Levi Stewart Zurbrugg, Senior Investment Analyst, joined Saturna in June 2019. He graduated from Western Washington University with a BA in Business Administration and has an MBA from the University of Washington’s Foster School of Business. Prior to Saturna, Levi worked at the Sustainability Accounting Standards Board as a Sector Analyst for the Consumer Staples sector. He is a Certified Public Accountant and is currently a Level III candidate in the Chartered Financial Analyst (CFA) program.


Wealth Management

Sameer S. Sarmast MS
Regional Manager and Financial Planner

Sameer S. Sarmast, Regional Manager and Financial Planner, joined Saturna Capital in October of 2018.  Sameer was born and raised in Bergen County, New Jersey. He earned his BS degree in Finance along with a concentration in Management Information Systems from Rutgers University. He then completed his MS degree in Leadership from Northeastern University in Boston, MA where he was also inducted into the Sigma Epsilon Rho Honor Society. Sameer stays connected to the Rutgers community through the Rutgers University Muslim Almuni Association where he served as the Treasurer and Public Relations Officer in 2010 – 2011.

Sameer has over 15 years of experience within the Financial Services industry. His background includes roles in Retail, Banking, and Wealth Management. Previous to Saturna, he worked for Wachovia Bank and JPMorgan Chase. As a Vice President and Private Client Advisor at JPMorgan Chase, Sameer managed investments for affluent clients primarily throughout New York City Metro area. Sameer currently holds FINRA Series 7 and 66 licenses along with a New Jersey State Life Insurance producer’s license.

Sameer is also known for his passion for food, specifically Halal Cuisine. Since launching his YouTube Channel, “Sameer’s Eats,” in 2010 as he has gained a loyal following. Sameer truly enjoys traveling to try different foods then sharing his experiences with his fans. Sameer has been recognized for his efforts in promoting Halal cuisine through several news outlets and publications such as Fios1 News, Fusion, Al-Jazeera, and the U.S. State Department. Aside from his food escapades, Sameer values his time with his family throughout the east coast especially with his three nephews!

Sameer also volunteers his time at Smile For Charity, a local food pantry and at different relief events as the opportunities to serve arise. As a former Reserve Police Officer, Sameer is an active member with the N.J. State Law Enforcement Officer’s Association and the National Police Defense Foundation.

Samantha McGarrity
Investment Associate

Samantha McGarrity, Investment Associate, joined Saturna Capital in February of 2018. She graduated from Western Washington University in June of 2012 with a BA in Psychology. Samantha has worked in the finance industry since 2013. Outside of work, Samantha enjoys hiking, rock climbing, mountaineering, and adventuring with her family in their school bus that they are converting into a skoolie.


Institutional Investing Services

Craig Churman MBA, AIF®
Vice President — Product Development and Director

Craig Churman, Vice President, Product Development, joined Saturna in August 2011. He is a graduate of West Virginia University, with a BS in Business Administration, and has an MBA from the University of Pittsburgh. Mr. Churman earned the Accredited Investment Fiduciary ® Designation from the Center for Fiduciary Studies in 2013. Prior to Saturna, he spent ten years in sales and product development at PNC Global Investment Services, transitioning to Bank of New York Mellon when it acquired PNC GIS in July 2010. With over thirty years of experience in financial services, Mr. Churman has held positions in client services, product development, mergers and acquisitions, and finance, at firms such as Federated Investors, BISYS, and Invesmart. A native of Pittsburgh, PA, Mr. Churman is the father of two, an avid Pittsburgh sports fan, and an active supporter of mission work, particularly Youth With A Mission, an international volunteer organization.

Matt Ward
Distribution and Client/Broker Relations

Matt Ward, Distribution and Client/Broker Relations, joined Saturna in April of 2002. Matt graduated from Western Washington University where he studied Business Administration with a concentration in Finance. He is a happily married father of two, and is an avid golfer.

Through Saturna's wide network of broker dealers and intermediaries, Matt handles the distribution of the Saturna Sustainable, Amana, and Sextant Mutual Funds. He manages various wholesale relationships and is Saturna's main point of contact for dealer selling agreements. Matt also provides ongoing support to various investment advisors, in addition to Saturna's sales team, wholesale operations, and transfer agency.

Gus Grefthen
Investment Product Wholesaler

Gus Grefthen, Investment Product Wholesaler, joined Saturna in 2019. A lifelong resident of the Pacific Northwest, Gus graduated from Western Washington University in 2010 with a degree in Kinesiology. Prior to joining Saturna, Gus was a Financial Adviser with Edward Jones. He enjoys hiking, snowboarding, cycling, camping, and soccer. An avid dog lover, he tries to bring his dog Mishka on every adventure he can.


Islamic Investment Group

Owaiz Dadabhoy
Director of Islamic Investing

Owaiz Dadabhoy, Director of Islamic Investing & Islamic Investment Group Manager, joined Saturna Capital in August of 2008. Raised in Southern California, he earned a BA in Business Administration from California State University at Fullerton. Mr. Dadabhoy spent over 15 years at Wells Fargo and was most recently a District Manager in Long Beach. Prior to that, he was Senior Sales Director for Wells Fargo’s Wealth Management group in Los Angeles where he managed six Sales Directors and led a team of over 200 licensed bankers. Mr. Dadabhoy is active with charitable and community activities, co-founding the UPLIFT Charitable Corporation in 2006. He is married with two children and enjoys spending time with his family in various outdoor activities.

Amjad Quadri
Regional Manager

Amjad M. Quadri, Regional Manager, joined the Chicago office of Saturna Capital in June 2015. He brings experience in Islamic banking, including business and product development. Previous employers include Guidance Financial (Chicago) and University Bank (Ann Arbor MI). He has a BS in Information Decision Sciences from the University of Illinois.

Haitham Al-Sayed
Regional Manager

Haitham Al-Sayed, Regional Manager, joined Saturna Capital in July of 2016. He earned his BA in Social Sciences/Pre-Med at the University of California – Irvine and MBA in International Finance and Management from Thunderbird, School of Global Management. With over 15 years experience in the financial services industry, Haitham has held several roles, including Senior Private Banker, Affluent Sales Director, and VP – Regional Private Bank Manager at his time with Wells Fargo, and most recently as a Wealth Management Director at TIAA prior to joining Saturna Capital. Mr. Al-Sayed is active with charitable and community activities, including serving as a board member of the Irvine Children's Fund. He is married with two children and enjoys spending time with his family, traveling the globe, and soccer.



Chris Fankhauser
Chief Operations Officer & Director

Chris Fankhauser, Chief Operations Officer, is a 1995 graduate in Political Science from Western Washington University. His adaptability and problem solving skills were developed in travel industry jobs before joining Saturna Capital in December 1996. Starting as a part-time system operator, Mr. Fankhauser is now responsible for the daily operation of investor and brokerage services as well as fund accounting. His favorite leisure activities are running, skiing, cooking and reading.

Melissa VanderYacht

Melissa VanderYacht, Accounting, joined Saturna Capital upon graduation in Business and Finance from Western Washington University in April 1996. A Lynden native and college varsity sports team captain, Melissa is currently a full-time mother and works for Saturna part-time. She also continues to volunteer in the community.

Luke Robinson
Fund Accounting Manager
Investor Services Representative

Luke Robinson, Fund Accounting Manager & Investor Services, joined Saturna Capital in February 2007. Mr. Robinson graduated from Western Washington University in June of 2006 with a BS degree in Political Science. He enjoys hiking, barbecues, shooting pool and being with friends.

Rochelle Wolber CMFC®
Middle Office/Fund Administration

Rochelle Wolber, Middle Office/Fund Administration, joined Saturna Capital in January 2008. Ms. Wolber graduated in 2002 from Bowling Green State University with a BS in Mathematics. Prior to Saturna, she worked in the social work field helping individuals obtain housing. In her spare time, she enjoys her family, the outdoors, traveling, and serving her community.

Rebecca Rogge
Lead Fund Accountant
Investor Services Representative

Rebecca Rogge, Lead Fund Accountant and Investor Services Representative, joined Saturna Capital in October 2011. Ms. Rogge graduated from Western Washington University with a BA in Finance and a minor in Accounting in June 2008. In her spare time she does crossfit and enjoys camping, hiking, fishing, hanging out with friends, and wine tasting.

Luke Moore
Senior Fund Accountant
Investor Services Representative

Luke Moore, Senior Fund Accountant and Investor Services Representative, joined Saturna Capital in February 2014. He is a graduate of Western Washington University, where he studied Accounting, Finance, and Management Information Systems. In his spare time, Luke enjoys trips to the gym, sports/athletics, reading, playing chess, and most outdoor activities. His favorite meal of the day is breakfast.

Josh Hungerford
Senior Fund Accountant
Investor Services Representative

Josh Hungerford, Senior Fund Accountant and Investor Services Representative, joined Saturna Capital in February of 2015. Mr. Hungerford graduated from Trinity Western University with a BA in Business Administration majoring in Finance in 2001. Outside of the office, Josh enjoys board gaming, soccer, his Church, and learning about local history.

West Lytle
Dealer Services and Fund Treasury Management

West Lytle, Dealer Services and Fund Treasury Management, joined Saturna Capital in April 2015. He graduated from WWU in 2014 with a BA in Psychology with an emphasis on cognitive psychology and a minor in communications. In his spare time, Mr. Lytle enjoys spending time with his wife, sports, hiking, swimming, and fishing. He is an avid reader, enjoying the genres of fantasy and behavioral economics.


Employer Services

Michael Adams ERPA®, QPA, CPFA
Employer Services Manager

Michael Adams, Employer Services Manager, joined Saturna Capital in October 2011. He relocated to Bellingham from Tacoma, Washington in 2006 to attend Western Washington University, where he earned a Bachelor of Arts degree in History, with a concentration in Early Modern European History. While in school, Michael also worked part-time at the Whatcom Family YMCA and at Haggen Fairhaven Market, and continued to work at the YMCA after graduating until joining Saturna Capital. In his spare time, Michael enjoys reading, spending time with his wife, son, and daughter, and enjoying all of the outdoor activities that Bellingham has to offer.

Sonya Luhm QKA
Employer Services Lead Agent

Sonya Luhm, Employer Services Lead Agent, joined Saturna Capital in February 2015.

Megan Lewis
Employer Services Administrator

Megan Lewis, Employer Services Administrator, joined Saturna Capital in March of 2018 after 20 years in the restaurant industry. She graduated from Whatcom Community College with an Associates in Arts and Sciences. In her spare time, Megan enjoys spending time in nature with her husband and three daughters. Megan is passionate about community and loves to learn about history by reading and listening to audio books.

Taylor Ulsh
Employer Services Administrator

Taylor Ulsh, Employer Services Administrator, joined Saturna in October of 2019. He graduated from Northern Arizona University in 2016 with a BS in Accountancy and an Undergraduate Certificate in International Business. Prior to joining Saturna, Taylor worked for Charles Schwab and The Skagit Casino Resort. In his free time, Taylor enjoys traveling, walking by the water, reading, and spending time with close friends.


Saturna Sdn. Bhd. — Kuala Lumpur Malaysia

Shahariah Binti Shaharudin
Shahariah Binti Shaharudin, President, Saturna Sdn Berhad (SSB) joined Saturna in October 2018. She received her BA degree in Business Studies from Knox College, Illinois and Master of Arts in Economics from University of Illinois, Springfield. Shahariah has more than 30 years of experience in the areas of fund management, stockbroking, and commercial banking. Prior to joining SSB, she was the Chief Executive Officer of Kenanga Islamic Investors Berhad. Shahariah started her career in a commercial bank and later joined a stockbroking company overseeing both the stockbroking and futures broking business. She also worked for a fund management house under Strategic Business and Market Development Division where her core responsibility was sourcing business and servicing both retail and wholesale clients ranging from unit trusts, corporate and government agencies to insurance companies. She is currently a holder of the Capital Market Services Representatives License for fund management. Close
Zahid Siddique
Senior Equity Analyst

Zahid Siddique, Senior Equity Analyst, joined Saturna Sdn Bhd in September 2015. He has over ten years of equity research, portfolio management, and business development experience. Prior to Saturna, Mr. Siddique was an associate portfolio manager and the head of industrials equity research at Gabelli Asset Management in New York. More recently, he was based in Dubai, where he focused on business development activities in the Middle East. Mr. Siddique holds a BA in Mathematics from Hamilton College and a BS and MBA from Columbia University. Outside of work, Mr. Siddique loves to travel with his wife and two children.

Jane Chia
Head of Operations

Jane Chia, Head of Operations, joined Saturna Sdn Bhd in April 2013. She is a holder of an Advance Diploma from The Association of International Accountants (AIA). Jane Chia has 23 years experience with 17 years in the Capital Markets Industry. Prior to joining Saturna, she worked as Senior Accounts Executive in the Trading and Services industry for 6 years and subsequently joined PhillipCapital Group of Malaysia, serving various positions in Administration, Human Resources, Head of Operations (asset management, unit trust and derivatives business), and Head of Finance. She enjoys spending time with her family, trekking, travelling, and contributes to charitable societies like Lions Club and Tzu Chi Foundation.

Ku Muhammad Nasir Ku Mohamed
Compliance Officer

Ku Muhammad Nasir Ku Mohamed, Compliance Officer, joined Saturna Sdn Bhd in January 2011. He has more than 12 years experience in the capital markets industry and previously held dual trading licenses as a Dealers' Representative and Futures Brokers' Representative. Prior to joining Saturna, he served asset management firms and futures broker houses in a compliance capacity. He also has stock market and financial futures trading experience. He holds a Bachelor of Science (Honors) in Accounting from the University of Hull, United Kingdom. His hobbies include photography, reading, travel and music.

Phut Chit Wan (Nicole)
Administration and Servicing

Phut Chit Wan (Nicole), Administrator and Personal Assistant, joined the Malaysian subsidiary in 2006. She graduated with a Diploma in Private Secretarialship. She has more than 15 years’ experience in junior and executive positions, substantially as an administrator and management support staff in subsidiaries of two international companies. She enjoys spending time with her family and friends, movies, travelling, and playing netball.

Wan Nurul Aimi Wan Darman
Accounts/Operations Executive

Wan Nurul Aimi Wan Darman, Accounts/Operations Executive, joined Saturna Sdn Bhd in August 2014. She holds a Bachelor of Accountancy degree from Universiti Putra Malaysia and started her career in an insurance company in 2007 before working with a unit trust company in charge of fund operations and accounts reporting. Prior to joining the team, she was an accounts executive in a retail and advertisement company. Aimi enjoys traveling with family and friends in her spare time.

Mustafa Aydemir
Senior Investment Analyst

Mustafa Aydemir, Senior Investment Analyst joined Saturna in March 2017. Born in Friedrichshafen, Germany, he graduated from University of Esslingen with a degree in Industrial Engineering (magna cum laude). Mustafa previously worked in the business consulting practice of Arthur Andersen in Stuttgart and the technology consulting division at SAP in Walldorf, Germany. Following the sun, he then moved to the Arabian Gulf, working in Saudi Arabia and Bahrain for major Oil & Gas companies including Aramco, Sabic, and GPIC.

Mustafa is a Certified Islamic Professional Accountant by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and holds an Advance Diploma in Islamic Finance from Bahrain Institute of Banking and Finance (BIBF). After moving to Malaysia in , he graduated from the International Centre for Education in Islamic Finance (INCEIF) and is a Chartered Professional in Islamic Finance. Mustafa is a PhD candidate at the Institute of Islamic Banking and Finance (IIUM), currently in his final year, as well as a CFA Level 2 candidate. He has six years' experience as a researcher in economics and finance as well as ten years' experience in management consulting. He loves scuba diving and is a passionate follower of Formula 1.

Nur Nasheera Nasaruddin
Fund Accounting / Operations Executive

Nur Nasheera Nasaruddin, Fund Accounting / Operations Executive, joined Saturna in July 2018.  She holds a professional accounting qualification, ACCA (The Association of Chartered Certified Accountants), from Sunway University College, Ipoh. Prior to completing her professional studies, she worked as an Audit Assistant at an audit firm. Nasheera enjoys travelling with her family and reading in her spare time.

Nurhawa Adzhar
Fund Accounting / Operations Executive
Nurhawa Adzhar, Fund Accounting / Operations Executive, joined Saturna in January 2019. She holds a Bachelor of Accountancy degree from the University of Kuala Lumpur (Business School) and started her career as an account assistant at an accounting firm prior to joining Saturna. Hawa enjoys watching movies, travelling and spending time with her family.Nurhawa Adzhar Close
Mohd Ezani bin Abu Yazid
Director of Institutional Sales and Marketing

Mohd Ezani bin Abu Yazid joined Saturna Sdn Bhd in June 2020 as Director of Institutional Sales and Marketing, bringing with him more than twenty five years of experience in the areas of fund management, finance, and commercial banking. He received his tertiary education with University Putra Malaysia and is a qualified Capital Markets Services Representative’s License holder under Securities Commission Capital Markets Services. Prior to joining SSB, he worked for RHB Asset Management Sdn Bhd, Kenanga Investors Berhad, Southern Bank Asset Management Sdn Bhd, and BHLB Asset Management Sdn Bhd . During his fund management career, he has also been involved in sourcing business and servicing wholesale clients ranging from corporation to governments and government-linked agencies. 



Jane Carten MBA
President, Director,
and Portfolio Manager

Jane Carten, President and Director, joined Saturna Capital in June 1997. Ms. Carten graduated from Western Washington University with an MBA and undergraduate degree in Computer Science and Business. As President, Jane oversees Saturna's daily operations and directs Saturna's internal and external information systems, managing the technology and marketing activities. She also directs Saturna’s continuing education program and the philanthropic efforts of the firm. Ms. Carten currently serves on the ICI Board of Governors and as Chair of ICI’s Small Funds Committee, on the SEC’s Asset Management Advisory Committee, and on the Board of the Whatcom Business Alliance. She is active in the Bellingham Bay Rotary, is a member of the Young Presidents' Organization, and is a former member of the Whatcom Museum Children's Advisory Board. She is a founder and former director of the nonprofit OpenAccess Internet Services and is a Bellingham Sister Cities member and contributor. She enjoys her family, cooking, and wildlife, as well as international travel and fine and theatre arts.

Kalen Hanna MBA, CPA®
Chief Financial Officer

Kalen Hanna, Chief Financial Officer, joined Saturna Capital in August 2009. He earned a BA in International Business from Western Washington University in 2006 and an MBA in Finance from Strayer University in 2010. Previously, he worked as a branch manager of an industrial supply company. Since joining Saturna, Kalen has been a Fund Accountant and a Systems Analyst.  From 2012 to 2018, Kalen lead Saturna's Employer Services department. In his free time he enjoys spending time with his wife and two daughters, working on projects around the house, cooking, and running.

Kevin Dalrymple CPA®

Kevin Dalrymple, Controller, joined Saturna in May 2010. Mr. Dalrymple graduated with honors from Western Washington University with a Bachelor’s degree in Accounting and also holds a Bachelor’s degree in Journalism from Cal Poly San Luis Obispo. A native of California, Mr. Dalrymple lived in the Czech Republic for 10 years before moving to the Pacific Northwest in 2003. Mr. Dalrymple’s career includes seven years of experience editing investment research for European banks. He enjoys studying foreign languages, cinema and literature; international travel; cooking; and spending time with his family.

Stephanie Ashton
Business Analyst
Manager of Corporate Social Responsibility

Stephanie Ashton, Business Analyst and Manager of Corporate Social Responsibility, joined Saturna Capital in 2012. As Manager of Corporate Social Responsibility she develops Saturna’s internal sustainability initiatives, manages sustainability reporting, and contributes to overall sustainability strategy. 

Stephanie graduated from Western Washington University in 2006, majoring in English (Creative Writing emphasis) and minoring in French. Her professional background includes eight years in legal support as well as non-profit experience. She is passionate about a number of sustainability issues – notably sustainable agriculture and local food – and currently serves on the Board of Directors for the Bellingham Food Bank. In her spare time, Stephanie is an avid cook and enjoys literature, film, and fine art.

Deanna Clemens
Senior Accountant

Deanna Clemens, Senior Accountant, joined Saturna in October 2017. She graduated from Western Governors University in 2016 with a BS in Accounting.  Her professional background includes over ten years as finance manager in the home care industry. Deanna enjoys reading, knitting, camping, growing vegetables, playing the violin, and spending time with her family.

Kelsey Piepel
Human Resources Generalist

Kelsey Piepel, Human Resources Generalist, joined Saturna Capital in November 2018. She graduated from Western Washington University in 2013 with a BA in Human Services. Prior to joining Saturna, Kelsey worked in Human Resources in the hospitality industry. In her free time, she enjoys the outdoors, spending time with friends and family, cooking, and being with her husband and their small pack of dogs.

Kelli Mann
Corporate Accountant

Kelli Mann, Corporate Accountant, joined Saturna Capital in January 2020. She graduated from Western Washington University in March of 2000 with a BA in Business Administration. She enjoys spending time with her son, walking her dog, and running.


Account Services

Brandon Rogge
Lead Investor Services Representative

Brandon Rogge, Lead Investor Services Representative, joined Saturna Capital in October 2015. He graduated from Western Washington University in 2011 with a BA in History. Brandon's professional background includes 16 years of management, customer service, and sales in the food & beverage industry. In his free time: he enjoys spending time outdoors in the Pacific Northwest, working in his garden, gastronomy, and viticulture.

Nick Vitalis
Investor Services Representative

Nick Vitalis, Investor Services Representative, joined Saturna Capital in October of 2018. He graduated in June 2018 with a BA in Journalism and a minor in music, and rowed in college for four years. Outside of work, Nick enjoys skiing, exercising, international travel, playing rugby for Chuckanut Bay RFC, hiking with friends and his dog Edmund, composing music and poetry, and cooking from scratch.

Rebekah Molenda
Investor Services Representative

Rebekah Molenda, Investor Service Representative, joined Saturna in December of 2018. In her spare time, Rebekah enjoys travelling with her husband, baking, hosting dinner parties, trivia nights, and watching movies.

Colleen Jacobson
Investor Services Representative

Colleen Jacobson, Investor Services Representative, joined Saturna Capital in June 2020. She graduated from Western Washington University in 2016 with a BA in Spanish and French. In her spare time, she enjoys cooking, gardening, and exploring art museums.


Information & Marketing

Tami Morrison
Vice President of Information Technology

Tami Morrison, Vice President of Information Technology, joined Saturna Capital in July 2016. Ms. Morrison oversees Information Technology and Software Development for the company. Before joining Saturna, she led and transformed Global Technology, IT Operations, and Customer Service for companies that serve Fortune 500 organizations within highly competitive industries. A graduate of the University of Idaho, Ms. Morrison is an active member of the Technology Association Group, Women in Technology, and Labrador Friends, a non-profit no kill organization dedicated to saving Labrador retrievers.

John Overturf
Marketing Director

John Overturf, Marketing Director, joined Saturna Capital in October 2005. Originally from San Diego, CA, Mr. Overturf earned a BA in Creative Writing from San Diego State University in 1998. He worked in advertising for the music and radio businesses before moving to Bellingham. He enjoys playing music, photography, craft beer, and spending time with his wife and daughter — plus, two cats.

Chris Norman
Senior Software Engineer

Chris Norman, Senior Software Engineer, joined Saturna Capital in April, 2007. Mr. Norman graduated from Brigham Young University in 1984 with a BS in Computer Science. Prior to joining Saturna, he spent over 20 years developing and supporting enterprise software applications in various industries. He enjoys travel, skiing, playing the guitar, and hanging out with his family.

Sarah Kaiser
Special Projects Manager

Sarah Kaiser, Special Projects Manager, joined Saturna in March of 2007. Sarah graduated from Vassar College in 1997 with a BA in English Literature and spent several years as a director of business development and product licensing at a variety of Seattle based companies before moving on to event strategy and development. She enjoys cooking, travel, and spending time with her two children.

Shannon Skinner MBA
Digital Marketing Strategist

Shannon Skinner, Digital Marketing Strategist, joined Saturna Capital in June of 2009. She graduated with a BA in Communication Arts from the University of Wisconsin, Madison, and an MBA from Western Washington University. Her professional background includes management positions in the hotel and supply chain industries as well as ownership of two restaurants. Shannon enjoys gardening, camping, pinball, and attending live music events. 

Jim Bareman PhD
Senior Software Engineer

Jim Bareman, Senior Software Engineer, joined Saturna in June 2010 with more than 13 years of software development and information technology leadership experience. He holds a BSc in Chemistry (with distinction) from the University of Lethbridge and a PhD from the University of Pennsylvania. Jim is active in his church community and enjoys camping, boating, and being busy with his wife and seven children.

Nancy Letourneau Bross
Senior Software Engineer

Nancy Letourneau Bross, Senior Software Engineer, joined Saturna Capital in June 2011. She studied Anthropology and Speech Communication at Kansas State University and Computer Information Systems at Northwestern University. Prior to joining Saturna, Nancy programmed applications for state government and a software consulting firm. Her favorite leisure activities are urban hiking, reading non-ficition, and watching independent cinema.

Jeff Korthuis
Client Platform Engineer

Jeff Korthuis, Client Platform Engineer, joined Saturna in March of 2014. He earned a BS in Information Technology & Administrative Management from Central Washington University. Mr. Korthuis previously held the position of Computer Specialist at Lynden Door, where he gained experience in Windows System Administration, help desk, backup management, and general customer support. In his free time, he enjoys board games, video games, long boarding, snowboarding, and water sports.

John Pitton
Network and Applications Engineer

John Pitton, Network and Applications Engineer, joined Saturna Capital in March of 2014. He enjoys racing mountain bikes and volunteering in the local community.

Christopher Patton
Cultural Attaché and Videographer

Christopher Patton, Cultural Attaché/Videographer, joined Saturna Capital in 2014. Prior to joining Saturna, Christopher was a commercial and creative filmmaker operating in the Pacific Northwest. In his spare time, he enjoys a bevy of creative activities and is known to be an obsessive moviegoer and player of fantasy sports.

Chris Nelson
Senior Web Developer

Chris Nelson, Senior Web Developer, joined Saturna in October of 2015. Born and raised in Bellingham, Chris graduated from Western Washington University in 2004. Pursuing his passion for creating intuitive web sites, moved to Portland, OR and returned to Bellingham with his young family to work for Saturna. In his spare time, he enjoys hiking, local music, woodworking, and being on two wheels.

Michelle Manson
Desktop Publisher

Michelle Manson, Desktop Publisher, joined Saturna Capital in February of 2016. She graduated from Simon Fraser University with a Bachelor of Arts in Communications and minor in Sociology. Michelle's experience spans working in the publishing industry as an editor and designer, to corporate marketing teams as a graphic designer and branding specialist.

Michelle's interests include music, design, photography, and ceramic arts.

Josh Koller
Help Desk Technician

Josh Koller, Help Desk Technician, joined Saturna in June of 2019. He graduated from the University of Central Florida with a BS in Information Technology. Prior to working at Saturna, Josh lived in New Zealand, working in music and digital media. His interests include music composition, tennis, and international travel.

Kevin Herrington
Senior Web Developer

Kevin Herrington, Senior Web Developer, joined Saturna Capital in March 2020. Prior to joining Saturna, he spent 10 years developing web sites for clients ranging from small businesses to Fortune 500 companies. Originally from Southern California, he moved to Bellingham in 2016 to settle down with his family and be closer to nature. When he's not working, he enjoys fresh air, reading, music, and spending time with his cats.

Zoe Bronstein
Copywriter/Financial Editor

Zoe Bronstein, Copywriter and Financial Editor, joined Saturna in June of 2020. Zoe graduated from the University of San Francisco in 2012 with a BA in English with a minor in theater.  Prior to her time at Saturna, Zoe worked at the Bellingham Regional Chamber of Commerce and Whatcom Community College. She is involved in the local theater scene as a playwright, director, and performer. Outside of work she enjoys writing, kickboxing, and playing music.


Operations Support

Johanna Krouzian
Mail Center Manager

Johanna Krouzian, Mail Center Manager, joined Saturna Capital in August 2007. Born and educated in Switzerland, Mrs. Krouzian lived in Lebanon and Cyprus until 1987 when she moved to the United States. She earned a CDA in 1992 and operated her own childcare facility in Los Angeles. Upon moving to Bellingham in 2004, Johanna worked in the childcare industry and attended Bellingham Technical College. Johanna is fluent in English, French, German, and Armenian. She enjoys reading, gardening, and the theater.

Cisco Rodriguez
Facility Manager

Cisco Rodriguez, Facility Manager, joined Saturna in September of 2012. A lifetime resident of Whatcom County, he enjoys the many outdoor activities that the Pacific Northwest has to offer, including snowboarding, snowmobiling, and cycling. Mr. Rodruiguez is the Track Operator of Bellingham BMX and enjoys spending time with his family.

Jennifer Richter
Operations Clerk

Jennifer Richter, Operations Clerk, joined Saturna Capital in October of 2016. She has lived in Bellingham since 2000. She enjoys working in downtown Bellingham and, before joining Saturna, worked at Otion and Greenhouse. In her free time, she gardens, crafts, makes salsa, and spends time with her husband and their fluffy pets.

Sean Meyer
Operations Clerk

Sean Meyer, Operations Clerk, joined Saturna in 2019. A long-time Bellingham resident, Mr. Meyer studied music in Olympia and Los Angeles. In his free time, he performs and teaches music, and enjoys the outdoors of the Pacific Northwest.


Legal & Compliance

Nicole Trudeau Esq.
Chief Legal Officer

Nicole Trudeau, Chief Legal Officer, joined Saturna in January 2018. She is a graduate of the University of California, Berkeley, and earned her Juris Doctor degree at the University of Michigan Law School. Prior to Saturna, she spent more than ten years in private practice in the Washington, D.C., offices of various global law firms representing financial services clients. A native of Sacramento, California, Ms. Trudeau enjoys international travel, photography, hiking, and yoga.

Michael Lewis
Chief Compliance Officer

Michael Lewis, Chief Compliance Officer, joined Saturna Capital in September 2012. A life-long resident of the Pacific Northwest, Mr. Lewis earned a degree in Business Administration with concentrations in accounting and finance from the University of Washington. He serves as the compliance officer for Saturna Capital, the Amana Mutual Funds Trust, and the Saturna Investment Trust. Prior to Saturna, Mr. Lewis was the District Director for FINRA's Seattle office. He has over twenty-five years experience in the securities industry and was a frequent speaker and panelist on compliance and regulatory issues at industry conferences. His favorite activity away from the office is spending time with his wife and three children boating, camping, or hiking.

Jacob Stewart CRCP™
Chief Compliance Officer, Saturna Brokerage Services
AML Officer

Jacob Stewart, Compliance Officer, joined Saturna Capital in November 2007. He moved to Bellingham from Texas, where he obtained a BA in English Literature from Schreiner University in 2005. Jacob's work focuses on 1940 Act valuation issues, Bank Secrecy Act anti-money laundering compliance, and designing/implementing forensic testing regimes. In his spare time, he enjoys mountaineering, backcountry skiing, and racing different kinds of bicycles.

Kim Kendall
Legal Assistant

Kim Kendall, Legal Assistant, joined Saturna Capital in September of 2015. She graduated with a BA in Interior Design from Western Washington University. Kim's professional background includes 20 years working in both residential and commercial interior design, including 9 years at WWU as Interior Designer for University Residences. She has also worked as an administrative assistant. In her free time, Kim enjoys reading, hiking, movies, and in the summer, working in her dahlia garden.

Susan Felton MBA
Compliance Associate

Susan Felton MBA, Compliance Associate, joined Saturna in August 2017. She graduated from the University of Tampa with a BS in Accounting, a BA in Government & World Affairs, and an MBA with concentrations in Accounting and International Business. A native of Valparaiso, Indiana, Ms. Felton enjoys spending time with her husband, hiking, swimming, skiing, and traveling.


Saturna Trust Company — Henderson, NV

Rachel Nicholas MBA
Trust Administrative Coordinator

Rachel Nicholas, Trust Administrative Coordinator, joined Saturna Trust Company in May 2018. She graduated from University of Phoenix with a BS in Business Administration in 2008. She also graduated from Western Governors University with an MBA in 2016. In her spare time, Rachel enjoys watching and playing sports, cooking, and spending time with her husband and dog.


Independent Directors

Dennis Murphy PhD
Non-Executive Director, Saturna Capital

Dennis Murphy, PhD, Non-Executive Director, is both Professor and Dean Emeritus of the College of Business and Economics, Western Washington University. He received his PhD in 1974 from Indiana University, and was on the faculty of Indiana University (Bloomington) and of Emory University (Atlanta). He served as Dean of the College of Business and Economics for twenty-four years (retiring in 2007). He also twice served as Provost and Vice-President of Academic Affairs at Western (1998-99 and again from 2007-2009). Dr. Murphy’s teaching and research interests include international trade and finance, commercial banking and corporate governance. Murphy is an experienced practitioner as well as professor, having served as board chair of Everett’s Cascade Bank. A founding member of the Saturna Council of Economic Advisers, he is a frequent speaker on business and economics. He has served the Bellingham community as president of United Way and the Rotary Club, and as a board member of various organizations including St. Paul’s Academy.

Marion R. ("Robin") Foote MBA
Independent Director, Saturna Trust Company

Robin Foote is an experienced business executive, consultant, private investor and corporate director.  She currently serves on the Boards of five private companies and chairs several Board Committees.  She has previously served more than a half-dozen other companies in a similar capacity, until such time as each was either sold or merged.

In her corporate career, Robin was as an early pioneer and ongoing champion of the use of analytically derived insights to augment customer and shareholder value, and she was known for her ability to create programs to capture this value, ultimately doing so as Group Executive Vice President and Chief Marketing Officer for Bank of America’s retail bank.  She also developed the strategic rationale for numerous bank and non-bank acquisitions and led the post-acquisition integration for several of these. 

Robin began her consulting career with McKinsey & Company, and, in 2001, established her own firm (Randolph Partners), which she subsequently merged into Novantas, where she served as a partner through 2012.  Since then, she has focused on using her experience and skills in service of entrepreneurial activity.  She is a member of the Keiretsu Forum Northwest, and an active angel investor. 

Throughout her career, Ms. Foote has served variously as Trustee, Director, Board President and/or Treasurer for non-profit organizations engaged in housing, healthcare/medical research and education as well as for a variety of professional associations.

Robin graduated magna cum laude from Smith College with a degree in Economics and with High Distinction and as a Baker Scholar from Harvard Business School.  She is also a graduate of Northwestern University Kellogg School’s ‘Women Director Development Program’ and the Leadership Greater Chicago program.


Amana Mutual Funds Trust

M. Yaqub Mirza PhD
Chairman and Independent Trustee

M. Yaqub Mirza, PhD, returned to the position of the Trust's independent chairman in 2014. He suggested the concept of a US Islamic equity mutual fund in 1984. He is a founding member of the Board of Trustees and served from 1987 through 2003 as an independent Trustee, and as chairman of the Board from 2000 until 2003. He is the CEO of Sterling Management Group, Inc. (Herndon, VA), a consulting, venture capital, securities management, and real estate investment firm. Dr. Mirza has served on the boards of public and private corporations, and has been actively involved with agro-industrial and technology businesses in several countries. He serves as a leader of numerous charities, and lectures on both entrepreneurialism and philanthropy. Dr. Mirza's degrees include a master's of science from the University of Karachi and a doctorate in physics from the University of Texas at Dallas.

Miles K. Davis PhD
Independent Trustee

Miles K. Davis, Ph.D., is President of Linfield College in McMinnville, OR. Dr. Davis is active in the microfinance movement, and lectures regularly in the US, Africa, and Europe. An authority on entrepreneurship, his work focuses on the areas of integrity, values, and principles within the business world. Dr. Davis earned a bachelor's degree in communications from Duquesne University, a master's degree in human resource development from Bowie State University, and a doctorate in organizational behavior and management from The George Washington University.

Ronald H. Fielding MA, MBA, CFA®
Independent Trustee

Ronald H. Fielding, MA, MBA, CFA, has worked in the mutual fund industry as a portfolio manager, owner, and senior officer of mutual fund advisers for over 25 years. He has served on the board of Investment Company Institute Mutual Insurance for 15 years. He has taught courses in finance and economics, and serves on philanthropic and educational institution boards. Mr. Fielding has a bachelor's degree in liberal arts from St. John's College, plus master's degrees in economics and business from the University of Rochester.

Iqbal Unus PhD
Independent Trustee

Iqbal Unus, PhD, has served on the Amana Mutual Funds Trusts Board of Trustees since 1989. Currently Adviser of the Fairfax Institute (providing educational courses in the Washington, DC area), Dr. Unus has a long management career in Islamic education and service institutions. He is the former Dean of Students/Registrar at the School of Islamic and Social Sciences (Leesburg, VA). Dr. Unus holds two master's degrees in physics and nuclear engineering and a doctorate in nuclear physics from Emory University.


Saturna Investment Trust

Gary A. Goldfogel MD
Independent Chairman

Gary A. Goldfogel, MD, serves as the Medical Examiner for Northwest Washington State, and is the owner and president of Avocet Environmental Testing Laboratory. Dr. Goldfogel is a physician board certified in Surgical and Forensic Pathology and Laboratory Medicine. He has served on boards of various professional and community organizations.

Marina E. Adshade PhD
Independent Trustee

Marina E. Adshade PhD, is a professor of economics at the Vancouver School of Economics at the University of British Columbia and the School of Public Policy at Simon Fraser University (Vancouver, British Columbia). Dr. Adshade earned her doctorate in economics from Queen's University (Kingston, Ontario). Dr. Adshade is a regular contributor to print and broadcast media and has been published globally in thirteen different languages.

Ronald H. Fielding MA, MBA, CFA®
Independent Trustee

Ronald H. Fielding, MA, MBA, CFA, has worked in the mutual fund industry as a portfolio manager, owner, and senior officer of mutual fund advisers for over 25 years. He has served on the board of Investment Company Institute Mutual Insurance for 15 years. He has taught courses in finance and economics, and serves on philanthropic and educational institution boards. Mr. Fielding has a bachelor's degree in liberal arts from St. John's College, plus master's degrees in economics and business from the University of Rochester.

Jim McKinney
Independent Trustee

James V. McKinney is the Executive Director of Common Threads Northwest, and owner of Apple Mountain LLC, a strategy and development consulting firm.  Mr. McKinney is a retired foreign area officer with extensive service in the Middle East, Europe, and Asia.  He served as a senior defense official/defense attaché and security assistance officer for US Embassies, and as a leader, advisor, and analyst in numerous global assignments.  He provided extensive guidance and assistance to senior government leaders in developing nations.  He has a bachelor’s in Government from California State University, Sacramento, and a master’s in International Studies from the University of Washington.

Sarah Rothenbuhler
Independent Trustee

Sarah E. D. Rothenbuhler is CEO of Birch Equipment Co, Inc, a construction equipment rental and sales company.  She earned a bachelor’s from the University of Colorado and is a recipient of multiple business and community leadership awards.  She is active on several philanthropic boards and organizations, including Bellingham Bay Rotary,  St. Joseph’s Hospital Foundation, and Whatcom Business Alliance.


Definitions of Professional Designations

AICPA Designations 

The American Institute of Certified Public Accountants (AICPA) serves the accounting profession, providing the training, professional skills, programs, and services to support professionalism in the accounting industry.

CPA® — Certified Public Accountant®
Accountants who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification may use the designation. CPAs receive special training in accounting and auditing, and may attest to the reasonableness of disclosures, the freedom from material misstatement, and the adherence to the applicable generally accepted accounting principles (GAAP) in financial statements. 

American Bankers Association Designations

Representing financial institutions of all sizes and types, the American Bankers Association advocates on behalf of its members to policy makers, legislators, regulators, the media, and the public.  

CTFA® — Certified Trust and Financial Advisor®
The Certified Trust and Financial Advisor certification establishes a recognized standard of knowledge and competence for the trust and wealth advisory field. It provides employers and clients with a tool to identify skilled, knowledgeable professionals and supports the benefits of professional continuing education and development.

American College of Financial Services Designations

As a leader in financial services education, the American College of Financial Services partners with companies and professionals to promote ongoing education, ethical practices, and the pursuit of new knowledge for the benefit of society

CLU® — Chartered Life Underwriter®
The Chartered Life Underwriter® is a respected designation of insurance expertise, encompassing an advanced course of study providing in-depth knowledge on the insurance needs of individuals, business owners, and professional clients.

REBC® — Registered Employee Benefit Consultant®
The Registered Employee Benefits Consultant® designation provides those who earn it a deep, practical knowledge on pensions and retirement plan funding, installation, and administration. The program also covers group medical plans, long-term care, executive compensation, personnel management and more.

American Institute of Retirement Education Designations

The American Institute of Retirement Education, LLC (AIRE, LLC) is a partnership of the American Society of Pension Professionals & Actuaries (ASPPA) and the National Institute of Pension Administrators (NIPA).  

ERPA® — Enrolled Retirement Plan Agent®
The Enrolled Retirement Plan Agent (ERPA) classification denotes a retirement plan professional who is highly competent in their field and plays an active and critical role in representing employers before the Internal Revenue Service (IRS) on retirement plan matters. The IRS awarded AIRE the contract to administer examinations for the ERPA Program.

American Retirement Association / National Association of Plan Advisors

The American Retirement Association is a non-profit professional organization comprised of five premier retirement industry associations; the American Society of Pension Professionals & Actuaries (ASPPA), the American Society of Enrolled Actuaries (ASEA), the National Association of Plan Advisors (NAPA), the National Tax-deferred Savings Association (NTSA), and the Plan Sponsor Council of America (PSCA).

CPFA Certified Plan Fiduciary Advisor 
The Certified Plan Fiduciary Advisor (CPFA) credential demonstrates the expertise required to act as a plan fiduciary or help plan fiduciaries manage their roles and responsibilities.

QKA — Qualified 401(k) Administrator
The Qualified Pension Administrator (QKA) designation is offered by the American Society of Pension Professionals & Actuaries (ASPPA). The QKA designation focuses on 401(k) plan recordkeeping, nondiscrimination testing, and administrative aspects that 401(k) administrators need to know. Credential holders are subject to minimum experience and continuing education requirements.

QPA — Qualified Pension Administrator
The American Society of Pension Professionals & Actuaries (ASPPA) created the Qualified Pension Administrator (QPA) credential to recognize professionals who are qualified to perform the technical and administrative functions of qualified plan administration. QPAs assist employers, actuaries, and consultants in performing functions such as determination of eligibility benefits, computation of benefits, plan recordkeeping, trust accounting and disclosure, and compliance requirements.

CFA Institute Designations

The CFA Institute is an investment industry organization whose mission is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.

CFA® — Chartered Financial Analyst Charterholder®
The Chartered Financial Analyst (CFA) charter is a professional designation established in 1962 and awarded by CFA Institute. To earn the CFA charter, candidates must pass three sequential, six-hour examinations over two to four years. The three levels of the CFA Program test a wide range of investment topics, including ethical and professional standards, fixed-income analysis, alternative and derivative investments, and portfolio management and wealth planning. In addition, CFA charterholders must have at least four years of acceptable professional experience in the investment decision-making process and must commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct.

CIPM® — Certificate in Investment Performance Measurement®
The Certificate in Investment Performance Measurement (CIPM) is a professional designation established and awarded by the CFA institute. The program requires candidates to pass a series of exams covering investment performance and risk evaluation, with emphasis on ethical and professional standards.

Claritas® Investment Certificate
The Claritas Investment Certificate is a global self-study education program and exam designed to give anyone working in financial services a clear understanding of the investment industry and their professional responsibilities within it. Claritas certificate holders have demonstrated an understanding of financial industry essentials that will benefit clients, financial organizations, and the global industry. 

CFP Board Designations

The Certified Financial Planner Board of Standards, Inc. (CFP Board) was founded in 1985 to serve the public interest by promoting the value of professional, competent, and ethical financial planning services, as represented by those who have attained CFP certification.  

CFP® — Certified Financial Planner
The Certified Financial Planner (CFP) is a professional designation established in 1985 by the Certified Financial Planner Board of Standards, Inc. Certification identifies professionals who have met the high standards of competency and ethics established and enforced by CFP Board. The CFP Board's Standards of Professional Conduct require CFP professionals to act in their clients' best interests.

College for Financial Planning Designations

Founded in 1972, the College for Financial Planning is a premier provider of financial planning education. The College is a wholly owned subsidiary of Apollo Group, Inc. located in Phoenix Arizona.

CMFC® — Certified Mutual Fund CounselorSM

Individuals who hold the CMFC® designation have completed a course of study encompassing all aspects of mutual funds and their uses as investment vehicles. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.

fi360 Designations

fi360 is a leading organization for supporting the investment fiduciary process whose mission is to promote a culture of fiduciary responsibility and improve the decision making processes of investment fiduciaries. With defined Practices as their foundation, they offer training, tools, and resources in support of that mission.

AIF® — Accredited Investment Fiduciary® 
The Accredited Investment Fiduciary (AIF) designation represents that an individual has passed a rigorous training course and exam, demonstrating a thorough knowledge of and ability to apply fiduciary practices, and the legal and best practice framework they are built upon. 

FINRA Designations

The Financial Industry Regulatory Authority, Inc. (FINRA) is an independent, not-for-profit organization authorized by Congress to provide investor protection and market integrity through effective and efficient regulation of the securities industry.

CRCP — Certified Regulatory and Compliance Professional
The FINRA Institute at Wharton Certified Regulatory and Compliance Professional (CRCP) program provides compliance, legal and regulatory professionals with an in-depth understanding of the foundation, theory and practical application of securities laws and regulation.

Advanced University / College Degrees

MBA — Master of Business Administration
An MBA is a postgraduate degree achieved at a university or college providing theoretical and practical training to help graduates gain a better understanding of general business management functions. An MBA degree can focus on specific courses of study such as accounting, finance, or marketing.

MA — Master of Arts
An MA is a postgraduate degree achieved at a university or college typically earned in a specific area of the humanities or sciences. It represents that an individual has engaged in further study and examination in the chosen area.

MS — Master of Science
An MS is a postgraduate degree achieved at a university or college typically earned in a specific area of the sciences, engineering, math, or medicine. It represents that an individual has engaged in further study and examination in the chosen area.

PhD — Doctor of Philosophy
A PhD is a postgraduate degree achieved at a university or college providing detailed and rigorous study in a specific field. PhD holders generally have submitted a project, thesis, or dissertation often consisting of a body of original academic research, which is in principle worthy of publication in a peer-reviewed context.

JD — Juris Doctorate
A JD is a professional doctorate and first professional graduate degree in law. Those who hold the degree are professionals committed to the practice of law.

Other Abbreviations

SCC: Saturna Capital Corporation

SBS: Saturna Brokerage Services

STC: Saturna Trust Company

SSB: Saturna Sendirian Berhad