Our People

Paul Martin

- Chief Investment Officer
- Managing Partner

Paul Martin founded Martin Capital Advisors in 1989 in New York City and moved the business to Austin in 1990. Prior to Martin Capital, he was a financial consultant with Merrill Lynch and Oppenheimer & Company. For many years, Mr. Martin’s money management performance has consistently ranked him at or near the top of all equity managers.

Mr. Martin is a retired U.S. Naval Reserve commander and a former U.S. Naval Reserve SEAL Delivery Vehicle Team commanding officer. He has served in Europe and Asia. Mr. Martin received a Bachelor of Arts degree in liberal arts from St. John’s College in Santa Fe, New Mexico, in 1980.

Mr. Martin has served on the Board of Visitors and Governors of St. John’s College, which included service as chairman of the investment committee. He also has served on the St. John’s College Alumni Association board and as president of the Austin chapter. Mr. Martin is a member and past secretary and treasurer of the Austin Investment Association and is an associate member of the Austin and San Antonio CFA Societies. He has served as president of both the Southwest Texas Council of American Youth Hostels and the Austin chapter of the American Association of Individual Investors. Mr. Martin also has served as a trustee of the Jung Society of Austin. He is currently a member of the Board of Governors of the Middle East Institute.

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Alston Boyd

- Director of Economic
Research
- Partner

Alston Boyd began his association with Martin Capital Advisors in 1996 as economic director His duties include collection of economic data on global, national, regional and local conditions. As the data is released, he prepares charts that help describe economic conditions and trends. Mr. Boyd gives a weekly verbal summary of economic conditions and in addition writes numerous reports on economic conditions.

Mr. Boyd obtained a B.A. degree in geology in 1963 from Williams College, Williamstown, Massachusetts, and an M.A. degree in geology in 1966 from The University of Texas at Austin. After working as a professional geologist and a teacher of mathematics and algebra, Mr. Boyd developed several sizeable real estate properties in the Austin area. He also prepared financial models for sale to real estate professionals for evaluating development projects and calculation of the net present value of a variable rate mortgage. In addition to his duties at Martin Capital, Mr. Boyd is a licensed real estate broker and Realtor.

After extensive research on the stock market, Mr. Boyd has attempted to quantify the effects of interest rates, economic and inflationary conditions on the financial markets, and has developed his own trading program using these influences. He is a past president of the Austin chapter of the American Association of Individual Investors (AAII) and has conducted a monthly AAII special interest group on investment timing for many years. He also serves as the Treasurer of the City of West Lake Hills. Mr. Boyd is a board member of MEDICO, an organization that makes five to seven trips each year to deliver medical, dental and eye care to people living in remote parts of Central America

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David James, CFA

- Director of Technical
Analysis

David James joined Martin Capital in the spring of 2004 as Director of Technical Analysis. He keeps track of market trends and indicators, alerting chief investment officer Paul Martin to any changes in the technical picture of the markets. Prior to his association with Martin Capital Advisors, he was head trader and assistant portfolio manager for Capital Cities Asset Management (CCAM) from 2000-2004. Mr. James was instrumental in the establishment of CCAM’s in-house mutual fund, and was in charge of the day-to-day operations of the fund. His duties at CCAM also included client services and writing and editing for the All Star Fund Trader newsletter.

Mr. James has a B.A. degree in music from Berklee College of Music in Boston and an M.F.A. degree in music composition from the University of Texas at Austin. Though his background was in music, Mr. James developed a keen interest in the stock market in the early 1990’s. He began trading his own accounts at that time and became active in the Austin Chapter of American Association of Individual Investors (AAII). He has conducted monthly educational meetings for local AAII members for many years, focusing on options and investment and trading strategies. He is currently President of the Austin chapter of AAII. Mr. James has successfully completed the extended courses of study and testing of the Chartered Financial Analyst (CFA) program and is a Level 3 candidate in the Chartered Market Technician (CMT) program.

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Jim Shropshire

- Director of Trading
- Partner

Jim Shropshire has been with Martin Capital Advisors since 1994, when he began his career in the financial industry. He is currently the trading director of the firm. Mr. Shropshire served ten years on active duty as an officer in the United States Navy and is retired from the Naval Reserve. He has a B.A. degree in mathematics and a B.S. degree in electrical engineering from The University of Texas at Austin.

Mr. Shropshire places securities trades for the investment portfolios, maintains trading records, and produces detailed reporting for clients. On a daily basis he provides current trading and account information to the chief investment officer and options trading director.

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Dave Ward

- Director of Options Trading
& Investment Services
- Partner

David Ward began investing with Martin Capital Advisors in 1998, after researching investment firms over the course of twenty years. Mr. Ward joined the firm in October 2002 as options trading director and is currently working on implementing options strategies to enhance and protect portfolio returns, providing research, and working closely with Paul Martin, chief investment officer. As investment services director, Mr. Ward is the contact for prospective clients, and assists in evaluating risk tolerance, client goals and objectives.

Mr. Ward received a B.B.A. in accounting from the University of Nevada and began his career as a deputy legislative auditor for the Nevada State Legislature in 1976. He then moved to Chicago to become a member of the Chicago Mercantile Exchange, International Monetary Division, floor trader and a principal in an independent broker group from 1978 to 1991. He has managed his investments, C.M.E. memberships, real estate, and equities since 1974.

Mr. Ward currently lives in Austin, Texas with his wife Kem, and their twin children. He is involved in community affairs and enjoys working with children. He has been active in Parkside Community School, West Austin Youth Association, Sundragon Karate for children, and Odyssey School. He is a member of the Austin Investment Association.

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Eileen Vanderlee

- Partner

Ms. Vanderlee is a graduate of Oklahoma State University with a Bachelor of Science degree and holds a Master of Business Degree in Management from the University of Chicago. She was an instructor in accounting and business management at Tyler Junior College for thirteen years and was active in College Christian Youth Programs. Prior to joining Martin Capital Advisors in 1993, Ms. Vanderlee worked as manager of family trusts in Oklahoma for ten years and holds the designation of Certified Minerals Manager.

Ms. Vanderlee formerly served as Investment Services Director. She is now retired but continues to provide ad hoc investment services support. Active in community affairs, she is on the board of the Austin International Hostel, where she has served as treasurer. She is also a member of the board of the Austin Lyric Opera Guild, and a member and past president of the Austin chapter of the American Association of Individual Investors.

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