Our Team

Donald L. Dillingham, CPA, CFA,
President

Before joining Merit, Don was involved in structuring and placing high-yield debt offerings for corporations and municipalities. He developed the bank investment contract (BIC) for a national financial institution that was underwritten on a regional basis, as well as an adjustable rate preferred unit investment trust that was issued by a leading closed-end fund through a regional underwriting firm. Don is a CFA charterholder, CPA, CFP and a member of CFA Institute. Don serves on Merit’s investment committee, assisting with the execution of the firm’s managed bond strategy.

Bruce Fraley, CFA
Managing Director

Bruce joined the firm in January 2014. He graduated from Trinity University in 1998 with a B.S. in Business Administration and from the University of Oklahoma in 2002 with a J.D. and MBA. He entered the financial services industry in 2002 and has managed various asset classes over the course of his career, including equity, fixed income, structured products and private equity. Bruce works as an investment advisor representative, assists with the management of Merit’s client accounts, serves on the company’s investment committee and assists with the execution of its investment models.