The Covered Bridge Fund

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Our Team


Portfolio Managers

John K. Schonberg, CFA

John K. Schonberg, CFA

Mr. Schonberg, Portfolio Manager & Principal, is an owner of Stonebridge Capital Advisors and is responsible for the management of equity portfolios for institutions and high net worth individuals. John is also the lead portfolio manager of The Covered Bridge Fund. As a member of the Equity Team he serves on the Research Committee and works with the members of the equity team in the analysis, selection and structuring of the equity portfolios.

Prior to Stonebridge, Mr. Schonberg was a Senior Portfolio manager and Equity Team Leader for Columbia Management. At Columbia he led all Equity teams and products managed in Minneapolis. This included the oversight of the Contrarian Equity and Mid-Cap Growth Teams. Total assets under management were seventeen billion and his direct reports included five portfolio managers and nine analysts.

In 2009 Mr. Schonberg also created and brought to market the Columbia Premium Technology fund, a closed end equity fund with an option overlay strategy and in June of 2014 was awarded a patent for Rules Based Risk Management.

Prior to his role as the Equity leader Mr. Schonberg lead a six person investment team managing one of the largest fundamentally based market neutral hedge funds in the country.

Mr. Schonberg joined the American Express group of companies in 1997 as a Senior Portfolio Manager managing large capitalization growth portfolios for institutions. Prior to joining American Express, Mr. Schonberg worked at Piper Capital Management for 10 years as an equity portfolio manager managing funds for individuals, institutions, and mutual fund clients. Mr. Schonberg earned his BS degree in finance from the University of Nebraska in 1987, and completed the Chartered Financial Analyst program in 1990. He is also a member of the Twin Cities Society of Security Analysts.

Michael J. Dashner, CFA

Michael J. Dashner, CFA

Michael Dashner CFA, Portfolio Manager, leads the Large Cap Equity Growth team at Stonebridge Capital Advisors and is responsible for trading across all equity strategies. Michael also co-manages The Covered Bridge Fund with lead portfolio manager, John Schonberg, CFA.

As a member of the Research Committee, Michael follows sector specific companies and maintains the equity universe and models for each equity strategy. Michael is responsible for identifying and developing new trading systems and methods in an effort to maximize effectiveness and efficiency across multiple platforms.

Prior to joining the Equity Team, Michael was head of fixed income trading at Stonebridge Capital Advisors. He was in charge of fulfilling investment objectives for high net worth individuals and institutions and achieving best prices for each trade.

Michael earned his BBA in Economics from the University of South Dakota. He went on to graduate with an MBA in 2009 before joining Stonebridge Capital Advisors. Michael also completed the CFA Program in 2014 and is a member of the CFA Society of Minnesota along with the Minnesota Society of Municipal Analysts.

Regional Director

Derrick J. Watson

Derrick J. Watson

Mr. Watson, Regional Sales Director of Stonebridge Capital Advisors, is responsible for the marketing and relationship management of Stonebridge Capital Advisors separately managed portfolios and our mutual fund. Prior to Stonebridge, Derrick was a Regional Sales Consultant for Oppenheimer Funds where he maintained and grew market share, provided timely market updates and assisted with portfolio construction for Advisors in the San Diego Area. As a consultant, he serviced both independent, wire house and RIA’s advisors acting as a true partner to their practice. Before joining Oppenheimer Funds in 2008, Derrick worked at Edward Jones as a Financial Advisor for 3 years.

Recently Derrick founded Bason Partners LLC, a real estate investment firm. As a partner his responsibilities are to evaluate risk, return on investment, negotiate opportunities and create the marketing plan.

Derrick earned his BS degree in Marketing from Regis University where he graduated Cum Laude as a full time employee. He is a founding member of the Colorado Lungs4life non-profit where he continues to volunteer today. Derrick currently lives in Colorado where he is an active member of the Financial Planners Association and works to help build the reputation and visibility of Stonebridge. 

7332-NLD-5/11/2016

Sales Associate

Jessica D. Joyce

Jessica D. Joyce

Jessica Joyce, Sales Associate and Trader, is responsible for identifying and developing relationships with individuals and institutions interested in utilizing our mutual fund in their portfolios. She assists in marketing and sales decisions and is a key contact for new business development.

Jessica is also an equity trader at Stonebridge Capital Advisors in which she works with the portfolio management team to enhance and administer the process and procedure of trade execution for separately managed accounts. She is also a member of the Equity Research Team, Client Service Team and is a key member of the RFP Due Diligence Team. Jessica is a Series 6 licensed professional and has been in the industry since 2014.

Mutual funds involve risk including the possible loss of principal. There is no assurance that the fund will achieve its investment objectives. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Covered Bridge Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling +1-855-525-2151 or at Thecoveredbridge.com. The prospectus should be read carefully before investing. The Covered Bridge Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Stonebridge Capital Advisors, LLC is not affiliated with Northern Lights Distributors, LLC. 6097-NLD-1/24/2018

Equity Research Team

Robert A. Kincade

Robert A. Kincade

Mr. Kincade, Portfolio Manager & President, is an owner and founder of Stonebridge Capital Advisors and serves on the Board of Directors. He is responsible for equity portfolio management, marketing and administration. The investment performance for the Stonebridge Capital Advisors Large Capitalization Growth Equity Composite, co-managed by Mr. Kincade, Mr. Eckenrode and Mr. Hirsch, has been nationally ranked. Mr. Kincade is a member of the Stonebridge Investment Review Committee and the Stonebridge Research Committee. Mr. Kincade also serves as an analyst for The Covered Bridge Fund.

While forming Stonebridge, Mr. Kincade was a Managing Director of Whitecliff Capital Partners, a private equity investment firm focused on acquiring small to mid- market companies. In his capacity at Whitecliff he was responsible for analysis, due diligence, and oversight of acquired companies. Prior to Whitecliff, he served as Vice President of Insight Investment Management, a subsidiary of Dain Rauscher, Inc., where he was responsible for marketing, sales, and fixed income product development. He was instrumental in the development of cash and fixed income pooled investment funds for public investors and cash management programs for institutions. Prior to Insight, Mr. Kincade served as Regional Vice President of American Express Financial Services (formerly IDS Institutional Retirement Services), responsible for sales and marketing, and stable capital product development. Before joining American Express, he served as Senior Trust Officer and Chief Investment Officer for Northwestern Savings Bank & Trust. He led the team that established the first full-service trust and investment department in the country for a savings institution. As Chief Investment Officer, he managed equity and fixed income portfolios for individual and institutional trust client.

Mr. Kincade has worked in the investment industry since 1978.

David A. Eckenrode

David A. Eckenrode

Mr. Eckenrode, Director of Equity Management, is an equity portfolio manager and founder of the Stonebridge Michigan office. He is responsible for research, analysis and equity portfolio management. Mr. Eckenrode, Mr. Kincade and Mr. Hirsch co-manage the equity portfolios of Stonebridge Capital Advisors, which have been recognized as a top performer for the Stonebridge Capital Advisors Large Capitalization Growth Equity Composite. Mr. Eckenrode also serves as an analyst for The Covered Bridge Fund.

Prior to establishing our Michigan office, he was a Portfolio Manager for RWB Capital Management where he was responsible for equity and fixed-income management. Prior to RWB, Mr. Eckenrode was Senior Trust Officer for Northwestern Bank & Trust. As the head of the trust department, he was responsible for the overall management of the trust administration and served as the bank’s chief investment officer. In addition to having expertise in the management of the personal wealth of high net worth individuals, he has extensive experience in managing pension and profit sharing plans, public endowment funds, and both private and public foundation assets. Under his direction, assets under management at Northwestern bank & Trust increased in excess of 1000% over a ten-year period. Additionally, investments outperformed their peers in large capitalization equity and intermediate fixed-income styles. Before joining Northwestern, Mr. Eckenrode had a ten-year career as a registered representative for both E.F. Hutton and Merrill Lynch. Mr. Eckenrode was named to E.F Hutton’s Financial Planners Club in 1986 for being involved in selling EF Hutton’s largest Corporate Financial Planning case. This case served all of the employees of the merger of Sperry and Burroughs Corporation which led to the present day Unisys Corporation.

Mr. Eckenrode has served in the investment industry since 1977.

Raymond E. Hirsch, CFA

Raymond E. Hirsch, CFA

Mr. Hirsch, Portfolio Manager, is responsible for research, analysis and equity portfolio management. He is a member of the Stonebridge Research Committee and the Stonebridge Investment Review Committee. Mr. Hirsch also serves as an analyst for The Covered Bridge Fund.

Mr. Hirsch brings over 41 years of investment industry experience. He joined Stonebridge Capital Advisors from American Express Financial Advisors (AEFA) where he served in a number of investment positions. Most recently, he was the Managing Group Director for the technology sector, where he was responsible for $22 billion in assets and 9 technology analysts. During Mr. Hirsch’s tenure as Group Director, he was awarded the annual “Best Performer” award twice, and three of his employees received the award in the years following. Mr. Hirsch began his career at American Express Financial Advisors as a Senior Analyst following Technology and was soon asked to manage the Discovery Fund where he became a Senior Vice President of Growth Spectrum Advisors (a division of AEFA). In this position, Mr. Hirsch managed $3 billion of small to mid-cap growth accounts for large institutional advisors. Under his management, the Discovery Fund achieved its best 5-year record of anytime during its 20-plus-year existence.

His experience also includes twelve years of service at First Wisconsin Trust Company (Firstar), where Mr. Hirsch held the positions of Analyst, Portfolio Manger and Research Director. Mr. Hirsch also served as an Analyst and Portfolio Manager at Heritage Investment Advisors (Division of Heritage Banks), where he managed individual accounts and was named Research Director.

Mr. Hirsch is a Chartered Financial Analyst. He received his degree in Business Administration and his MBA from the University of Wisconsin – Milwaukee. He is a member of several professional organizations, including the Financial Analyst Federation, the American Institute of Chartered Financial Analysts, the American Electronics Association and an Advisory Board Member NASDAQ. Mr. Hirsch also serves as the program chair for the Milwaukee Society of Investment Analysts.

Royce N. Nies, CFP

Royce N. Nies, CFP

Mr. Nies is a Portfolio Manager at Stonebridge Capital Advisors. He serves on the Sales Team, Marketing Team and the Equity Team to help create the strategy and implementation of Stonebridge’s growth. Royce has been in the industry since 1975, in his career he has received multiple advisory focused awards including; Research Magazine’s Broker Hall of Fame and Consumers Research Council of America’s Top Financial Planners List.

Prior to Stonebridge Royce served as the Chief Compliance Officer at KDV Wealth Management where he focused on building the regulatory process to enhance client trust and commitment. During his time at KDV he also served as a Financial Advisor and as Manager of Business Development.

Before KDV Royce joined First Allied Securities Inc. as the Denver Division CEO and in 2001 took over as the Executive Vice President. Along with his prior work as a manager he also gained portfolio construction proficiency while serving as an Investment Executive & President at D.E. Frey and a 22 year stretch at Dain Bosworth Inc. (Currently RBC Wealth Management).

Royce has continued to expand his education in the industry by taking an active participation in the Financial Planners Association of Minnesota and has received and held the Certified Financial Planners accreditation.

Mr. Nies attended St. Cloud State University where he graduated with an Associates of Arts in Business. After which he went on to receive a BA in Political Science at the University of Missouri at Kansas City and his Certification as a Financial Planner at the College for Financial Planning in Denver, CO.

Steven B. Roorda

Steven B. Roorda

Mr. Roorda is a Senior Analyst and a Portfolio Manager at Stonebridge Capital Advisors. He plays a key role on the Equity Team as Senior Analyst of all sectors in the S&P 500 with a specialty in consumer discretionary. As an equity Portfolio Manager, he works with clients to develop solutions to meet each individual goal. Steve is a member of the Stonebridge Investment Review Committee and a member of the Research Committee.

Prior to joining Stonebridge Capital Advisors, Steve held a Senior Analyst role at Ameriprise Financial Services where he was a member of the Value & Income Team. Other responsibilities included global consumer discretionary research, emerging markets research, and providing portfolio management recommendations. Prior to Ameriprise, Steve held an Equity Research Analyst position at T. Rowe Price and was an Investment Advisor at First Kentucky Company.

Mr. Roorda began his career in the investment industry in 1981. He received his bachelor’s degree from the University of Kentucky. Since entering the industry, has been awarded six Lipper Awards for distinguished performance over three and five year durations for advisors and clients.


Disclaimers

Risk Disclosure

Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. Higher portfolio turnover will result in higher transactional and brokerage costs. Selling covered call options will limit the Fund's gain, if any, on its underlying securities. The Fund continues to bear the risk of a decline in the value of its underlying stocks. Option premiums are treated as short-term capital gains and when distributed to shareholders, are usually taxable as ordinary income, which may have a higher tax rate than long-term capital gains for shareholders holding Fund shares in a taxable account.

The premium received from a covered call provides a cushion from downward price movements of the underlying stock equal to the value of the premium. If the underlying stock falls in price, the holding will experience the full downside risk of the price movement less the premium received.

Prospectus Offering Disclosure

Mutual funds involve risk including the possible loss of principal. There is no assurance that the fund will achieve its investment objectives. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Covered Bridge Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.THECOVEREDBRIDGEFUND.com or by calling +1-855-525-2151. The prospectus should be read carefully before investing. The Covered Bridge Fund is distributed by Northern Lights Distributors, LLC member FINRA.

Stonebridge Capital Advisors, LLC is not affiliated with Northern Lights Distributors, LLC. Gemini Fund Services, LLC is affiliated with Northern Lights Distributors, LLC.

NLD Code 0020-NLD-01/03/2014

CB Site Disclosure Profiles

Mutual funds involve risk including the possible loss of principal. There is no assurance that the fund will achieve its investment objectives. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Covered Bridge Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling +1-855-525-2151 or at www.THECOVEREDBRIDGEFUND.com. The prospectus should be read carefully before investing. The Covered Bridge Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC.

Stonebridge Capital Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

6097-NLD-1/24/2018