Richard O. Smith | Investment broker, 88
Richard O. Smith, formerly of Swarthmore, an investment broker, died of pneumonia at White Horse Village, a retirement community in Newtown Square, on June 3, two days before his 89th birthday.
Richard O. Smith, formerly of Swarthmore, an investment broker, died of pneumonia at White Horse Village, a retirement community in Newtown Square, on June 3, two days before his 89th birthday.
Mr. Smith joined the investment firm of Stroud & Co. in Philadelphia as a junior broker in 1946. He remained there for 40 years as the firm changed names through a series of mergers. It was Wachovia Securities when he retired in 2004, at 86. In the 1960s, he cofounded Revere Fund, an early equity mutual fund. From 1968 to 1970, he was chairman of the Philadelphia-Baltimore-Washington Stock Exchange.
Mr. Smith graduated from the George School in Newtown and earned a bachelor's degree from Swarthmore College, where he met his future wife, June Corey. During World War II, he served in the Army in a military hospital in England.
He served on the boards of Friends' Central School, Friends Neighborhood Guild, and the Pennsylvania Society for the Abolition of Slavery.
He enjoyed tennis, skiing, cards, stamp collecting, and golf. He was a 60-year member of the the Ozone Club, a golf match society, and was a 57-year member of Aronimink Golf Club.
In addition to his wife of 65 years, Mr. Smith is survived by sons Corey, Douglas and David Claude; a daughter, Carol Keller; a sister; and seven grandchildren.
A memorial service will be at 11 a.m. tomorrow at Radnor Friends Meeting, Conestoga Road and Route 320, Radnor.