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About
Conrad Adam is a Partner and Portfolio Manager at Elgethun Capital Management in Sioux Falls, SD, where he oversees investment research, portfolio management, and provides advisory services to high-net-worth families, foundations, and endowments. His responsibilities include leading asset allocation, portfolio construction, and recommending investment strategies across public equity, fixed income, real estate, and alternative investments. Conrad's focus areas at ECM encompass public equity securities and multi-asset portfolio management for sophisticated client groups.
Before joining Elgethun Capital Management in 2022, Conrad served as a Portfolio Management Associate at Hirtle, Callaghan & Co., a $20B RIA, and worked as an Investment Analyst at Abbot Downing, specializing in ultra-high-net-worth wealth management, portfolio construction, and trade execution. He gained additional early career experience through internships at the South Dakota Community Foundation and the South Dakota Bureau of Finance & Management.
Conrad graduated summa cum laude from the University of South Dakota Beacom School of Business with a BBA in Finance & Accounting and holds the Chartered Financial Analyst (CFA®) designation. He is actively involved in the investment community as a Trustee of the University of South Dakota Foundation and a member of the CFA Society of Minnesota. His notable industry contributions include mentoring students and advising university-led business consulting initiatives in South Dakota.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Elgethun Capital Management, Inc | Partner | Mar 2024 to Present | — |
| Elgethun Capital Management, Inc | Portfolio Manager | May 2022 to Present | — |
| Hirtle, Callaghan & Co. | Portfolio Management Associate | Jun 2021 to Jun 2022 | Portfolio Management Associate serving ultra-high-net-worth families, foundations and endowments at Hirtle Callaghan. Hirtle Callaghan is widely known as a pioneer of the Outsourced CIO model, having... |
| Abbot Downing | Investment Analyst | Jul 2018 to Jun 2021 | Investment Analyst serving ultra-high-net-worth families, foundations and endowments at Abbot Downing. Duties include investment strategy and implementation within the $50M+ client asset segment. Ma... |
| South Dakota Board of Regents | Student Regent | May 2016 to May 2018 | Full voting member of the board governing South Dakota’s six state universities and two special schools |
| Abbot Downing | Wealth and Investment Management Intern | Jun 2017 to Aug 2017 | — |
| State of South Dakota | Budget Analyst Intern | May 2016 to Aug 2016 | The Bureau of Finance and Management advises the Governor on overall fiscal policy and promotes the efficient and effective fiscal management of the state of South Dakota. |
| South Dakota Community Foundation | Foundation Intern | May 2015 to Aug 2015 | The South Dakota Community Foundation manages over $560 million in assets for more than 1,050 endowed funds. They also provide grants and administrative support to nonprofit organizations and serve as... |
Education
University of South Dakota Beacom School of Business
Bachelor of Business Administration - BBA, Finance & Accounting
2014 — 2018
University of South Dakota Beacom School of Business
2014 — 2018
Others at Elgethun Capital Management (3)
| Name | Role | Location |
|---|---|---|
J John Barker | President | Sioux Falls, SD , United States |
 | Associate Portfolio Manager | Sioux Falls, SD , United States |
 | Associate Portfolio Manager | Rapid City, SD , United States |
