Background

Andrew S. Martzloff, Managing Director, founded Bitterroot in 1998 as a completely independent financial advisory firm dedicated to providing comprehensive, institutional quality financial advice and service to a select group of private clients worldwide.

Before directing his energies and interests to serving individuals, Mr. Martzloff spent over ten years advising private and public corporations as an investment banker with Alex. Brown & Sons (San Francisco) and Morgan Stanley & Co. (New York). While working with corporate clients, Mr. Martzloff recognized the underserved needs of "institutional size" private individuals for sophisticated advice and other superior-quality services. He left investment banking in 1994 to develop and provide those services to a limited number of high net worth individuals and their affiliates. Bitterroot Capital Advisors now has full-time professionals serving domestic and international clients from our office in San Francisco and our Bozeman, Montana headquarters.

Mr. Martzloff earned his A.B. with Distinction (and Honors in Economics) from Stanford University and an M.B.A. from Dartmouth's Amos Tuck School where he was named an Edward Tuck Scholar.

Luis E. Torres, Principal and Managing Director of Research, joined Bitterroot Capital Advisors in January 2002. Prior to joining Bitterroot, Mr. Torres was Vice President for San Francisco-based Laurel Management and was responsible for asset allocation and quantitative portfolio analysis for over 50 clients and $9 billion under advisement. Previously, Mr. Torres spent over seven years in Boston with Grantham, Mayo, Van Otterloo conducting quantitative asset allocation analyses for a $10 billion investment strategy and as an analyst for Harvard Management Company.

Mr. Torres earned his B.A. in International Business from University of Colorado at Boulder and M.B.A. with emphasis in Finance from Suffolk University in Boston, Massachusetts.