June 2010

Our firm is pleased to announce that Robert P. (Bob) and John G. Youngman have joined our firm as Managing Directors. Bob and his son, John, have worked together as a team for over 15 years managing client assets. They share our focus on analyzing investment opportunities and risks, customizing portfolios for individual clients, and tailoring their service to meet client needs.

Bob Youngman has a wealth of investment experience. After graduating from Middlebury College, where he subsequently became Chairman of the Board, he began his career at a global insurance company before starting his own investment firm in the mid-1970s. He has been involved in many aspects of investment management including corporate pension funds, institutional endowments and individual account management. He joins us from Griffin Asset Management where he was the Chief Executive Officer.

John Youngman started his career at Kidder Peabody before joining forces with his father in 1995. John was recently a Managing Director at Griffin Asset Management and is also a graduate of Middlebury College.

Bob and John bring additional insights and perspectives to understanding the investment process and will assist in developing strategies to benefit Barrett Associates’ clients. The Youngmans fit Barrett’s unique profile which requires both extensive investment experience and the desire to work closely with clients.

We are also pleased to announce several promotions and additional new hires. Madeleine Morreale, who joined us in 2005 and is currently our Compliance Officer, has been promoted to Chief Compliance Officer for the firm. She has done a commendable job in managing our compliance program and is now taking on more responsibility in this critical area.

Christine Stuttig has also recently joined us from Griffin Asset Management. Previously, she worked at Chase Manhattan Bank and is a graduate of Lehman College. Christine has been promoted to Chief Administrative Officer for Barrett Associates. Her responsibilities will include corporate administrative functions and firm operations.

In addition, Connie Ruland has joined Barrett Associates as Administrative Assistant. Her responsibilities will include portfolio administration and corporate administrative support. She is a graduate of Penn State University and was most recently employed at Griffin Asset Management.

For more than 70 years, Barrett Associates has helped clients define and reach their investment, financial and estate-planning goals. We specialize in the creation and preservation of personal wealth through the design of highly customized client accounts. Together, with Bob, John, Madeleine, Christine and Connie, we look forward to strengthening our partnership with you in the future.

Best Regards,