For over three decades, we have implemented a long-term investment approach while working closely with high net worth individuals, family groups and institutions.

Meet Our MCM Team

Key Investment Professionals

Stephen B. Schuler
President and Portfolio Manager

Stephen SchulerSteve is the President of Maryland Capital Management and serves as a Principal and Portfolio Manager. He is also Chairman of the firm's Investment Committee. Prior to joining MCM in 1999, he was a Director in the Private Client Group of Deutsche Bank Alex. Brown. He joined Alex. Brown & Sons in 1988 after working for Smith Barney Harris Upham for three years. Steve holds a B.A. from Hobart College and is a graduate of the Securities Industry Institute at the Wharton School of the University of Pennsylvania. His various community activities include serving as investment advisor to the Odyssey School, an independent school that serves dyslexic children. Steve is also a member of the Annual Fund drive at the St. Paul's School for Boys in Baltimore.

Frederick A. Allner, III
Principal and Portfolio Manager

Fred AllnerFred joined Maryland Capital Management in 2004 as a Principal and Portfolio Manager. He serves on the firm’s Investment Committee. Prior to joining MCM, he was a Vice President with the Private Wealth Management Group of Deutsche Bank Alex. Brown, where he had been for seventeen years. Fred received his B.A. from the Virginia Military Institute. Upon his graduation he completed one year of post-graduate studies at the University of Tübingen in Germany before entering the U.S. Army as a Second Lieutenant. Fred also attended the University of Baltimore M.B.A. program and the Securities Industry Institute at the Wharton School of the University of Pennsylvania. Fred is currently a Major in the Maryland Defense Force (MDDF). He serves as a board member on several charitable and social organizations in Baltimore.

John F. Blair
Principal and Portfolio Manager

John BlairJohn joined Maryland Capital Management in 2004 as a Principal and Portfolio Manager. He is a member of the firm’s Investment Committee. Prior to joining the firm, he served as a Vice President with the Private Wealth Management Group of Deutsche Bank Alex. Brown. He joined Alex. Brown & Sons in 1995 after serving two years as an Investment Executive with Kidder, Peabody & Co. John holds a B.A. from Wake Forest University and an M.B.A. from Loyola College. He is also a Certified Financial Planner TM. John has served as a board member on several charitable and social organizations. He currently serves on the Wake Forest University Alumni Council and is Chairman Emeritus of the Independent College Fund of Maryland.

Gregory G. Heard
Principal and Portfolio Manager

Gregory HeardGreg joined Maryland Capital Management in 2004 as a Principal and Portfolio Manager.  He is on the firm’s Investment Committee.  Prior to joining MCM, Greg was the Chief Financial Officer for Sequoia Software Corporation.  During his tenure with Sequoia he completed a successful IPO and subsequent sale to Citrix Systems for $185 million.  Prior to Sequoia, Greg was a Managing Director at Corbyn Investment Management and an Investment Analyst for the Greenspring Fund.  Before Corbyn he spent several years in the accounting and business consulting fields as a manager with the Financial Advisory Practice of Coopers & Lybrand and as an auditor with Price Waterhouse in New York.  He is a Certified Management Accountant and holds a B.S. and an M.B.A from Lehigh University.  He currently serves on the Board of Directors at Catalyst I.T. Services.

Jeffrey L. Caples, CFA
Portfolio Manager

Jeffery L CaplesJeff joined Maryland Capital Management in 2009 as a Portfolio Manager. He is a member of the firm's Investment Committee. Before joining Maryland Capital Management Jeff spent nine years at Legg Mason Trust where he was a key member of the team responsible for the unit's growth from $350 Million to over $8 Billion in assets under management. Upon leaving, Jeff was a Managing Director of Legg Mason Investment Counsel & Trust and Head of the Portfolio Management Team at its Baltimore headquarters. Prior to his experience at Legg Mason, Jeff was affiliated with both Alex. Brown Capital Advisory & Trust (now Brown Advisory) and T. Rowe Price Associates. Jeff is a Chartered Financial Analyst (CFA) and holds a B.A. from Denison University and an M.B.A. from the University of Maryland's Robert H. Smith School of Business. He currently serves on the Board of Directors for the Robert H. Smith Foundation at the University of Maryland and is the President of the Denison University Alumni Club of Baltimore. Jeff is also an active member of the CFA Institute, and the Baltimore CFA Society, where he previously served on the Board of Directors and was Chairman of the Programs and Membership Committees.

Jenks Cromwell
Portfolio Manager

Jenks CromwellJenks joined Maryland Capital Management in 1988, following a twenty-six year career at T. Rowe Price Associates, Inc., where he served as director, vice president and senior portfolio manager. With Maryland Capital Management, his responsibilities are oriented toward portfolio management for high net worth individual investors. Jenks is a graduate of Yale University and the University of Maryland School of Law. Jenks is a retired director of Provident Bankshares Corp and a member of the Maryland State Bar Association and the American Bar Association. He is a former Board member of the Basilica of the Assumption Historic Trust as well as, a former Board member of Catholic Charities and the College of Notre Dame of Maryland.

Shandy Pumphrey
Vice President of Finance

Shandy PumphreyShandy joined Maryland Capital Management in 2010. She oversees the daily accounting and financial operations of the firm. Prior to joining MCM, she worked in the tax department at Arthur Andersen and then spent 10 years as an accountant for Legg Mason. She holds a BBA in Accounting from Loyola College in Maryland.

Brendan Sweeney
Associate Analyst

Brendan Sweeney Brendan joined Maryland Capital Management in 2010. Prior to joining MCM, he worked as a Sales Operations Analyst with Sybase 365. His responsibilities include fundamental research and portfolio administration. He holds a B.S. in Finance from the University of Maryland.

Nicholas Petrelli
Associate Analyst

Nicholas Petrelli Nick joined Maryland Capital Management in 2009. Prior to joining MCM, he worked as a Research Analyst with Hardesty Capital Management. His responsibilities include fundamental research and portfolio administration. He holds a B.A. in Business, Organization and Society from Franklin and Marshall College.

Andrew Chudy
Associate Analyst

Andrew ChudyAndrew joined Maryland Capital Management in 2009. Prior to joining MCM, he worked as a Financial Modeling Analyst with Standard and Poor’s. His responsibilities include fundamental research and portfolio administration. He holds a BBA in Finance from Loyola College in Maryland.

Dawn Szarek
Receptionist/Administrative Assistant

Dawn SzarekDawn joined Maryland Capital Management in 2007. Her responsibilities include greeting visitors to the firm, directing incoming phone calls and providing general administrative support to the MCM staff.