Part 2A of Form ADV: Firm Brochure Item 1 Cover Page ROCHDALE ...

Poul Erik Olsen, CFA (Year of birth – 1966)
Item 2 Educational Background and Business Experience
Mr. Olsen received his Bachelor of Science in economics from the Aarhus Business School in Denmark and his
Master’s of Business Administration in finance from the University of California at Berkeley, where he specialized
in finance and international business.
Mr. Olsen is a Vice President and Senior Portfolio Manager for Rochdale Investment Management. Mr. Olsen
joined Rochdale Investment Management in 2003.
Mr. Olsen’s career in finance began in his native Denmark, where he worked as a lending officer for Savings Bank
Nordiylland. He has more than eighteen years of experience in international finance and client management
including nine years with public and private U.S. equity investments in the brokerage and investment banking
industry. While at Bank of America Securities and Robertson, Stephens & Co., Mr. Olsen was responsible for
account management of the largest pension and mutual funds in Scandinavia and the Benelux.
Mr. Olsen holds the Chartered Financial Analyst (“CFA”) designation. This designation is issued by the CFA
Institute. The prerequisites or experience required is an undergraduate degree, 4 years of professional experience
involving investment decision making or 4 years of full-time qualified non-investment related work experience. It is
a self-study program, approximately 250 recommended hours of study for each of the 3 levels. All three levels are
then achieved through a course exam. There are no continuing education requirements.
Item 3 Disciplinary Information
Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events
that would be material to your evaluation of each supervised person providing investment advice.
There are no legal or disciplinary events to report relative to Mr. Olsen.
Item 4 Other Business Activities
Mr. Olsen is an owner of Acebes, D’Alessandro and Associates (“ADA”), the controlling member of Rochdale and
affiliates, thus Mr. Olsen receives a portion of ADA’s earnings.
Item 5 Additional Compensation
In addition to salary, Mr. Olsen may receive additional compensation from the firm based on the assets he brings to
the firm and the fees collected by the firm on those assets. Mr. Olsen may also receive compensation from fees
collected from Rochdale products.
As an owner, Mr. Olsen also receives a portion of profits earned by the firm.
Item 6 Supervision
Rochdale’s Chief Executive Officer Garrett D’ Alessandro and Chief Compliance Officer, Barbara Hawkesworth,
Esq. supervise and monitor the activities of Mr. Olsen as it relates to the Firm and its clients. Such is done through
various channels including the review of documents related to his clients and monitoring of accounts through
automated reports generated directly to the Compliance Department. The Firm’s Chief Compliance Officer, Barbara
Hawkesworth may be contacted at 212-702-3500.