NJSGA Partner Mcrae Capital Management Receives Major Award

McRae Capital Management Inc. of Morristown, a long-time partner of the New Jersey State Golf Association, was named recently as one of New Jersey’s most outstanding family-owned enterprises by the Rothman Institute of Entrepreneurial Studies.

In addition, New Jersey Gov. Chris Christie forwarded a letter congratulating McRae Capital Management Inc. on its prestigious award.

The firm was recognized along with seven other New Jersey companies by the study group formerly known as the Rothman Institute at Silberman College of Business at Fairleigh Dickinson University.

An independent panel chose McRae Capital Management based on uniqueness, successful transition of leadership from generation to generation, and ability to balance business acumen with civic spirit. McRae Capital Management was also highlighted in a recent issue of New Jersey Monthly Magazine as a top family owned business.

The firm, which sponsors the annual NJSGA Father & Son Championship, has provided quality service to clients in New Jersey and around the country for more than three decades.

“A ton of credit to my father, (company president) Roderick McRae Jr, who started the firm 35 years ago,” said Roddy McRae, current general managing partner along with his brother, Peter McRae.

“It’s really nice to be recognized. Business has grown outside of being a local business, and we now provide clients with Investment council around the country. But our corporate offices are in New Jersey, we have a lot of clients here, and we don’t plan on going anywhere.

“We’re looking forward to the next 35 years. We’ve all grown up in New Jersey and we all went to Madison High School,” Roddy added. “It’s great to know we’ve had a positive impact in the community and that we’re a firm that creates jobs and impacts positively on the livelihoods of our employees, as well as benefiting our clients.”

Gov. Christie’s letter read in part: “I am pleased to congratulate you on being selected as a Family Business of 2014 by the Rothman Institute …. New Jersey’s rich economy is built on family-owned and operated businesses. The ingenuity and devotion of family entrepreneurs like you creates prosperity for our State’s residents. You are honored for your hard work and commitment to providing quality service to consumers.”

McRae Capital Management has been a solid supporter of the NJSGA. This past summer, Roddy and his son Rick, of Baltusrol, shot 33-33-66 to win the net division of the 92nd NJSGA Father & Son Championship. The overall title went to Rick and Anthony Campanile of Deal.

“We are a family of golfers who are proud to support local golf and have enjoyed supporting the NJSGA” Roddy McRae said. “As a family we are proud of what my father created. My brother Peter and I hopefully have continued the spirit of what this company represents. Maybe one day, my children will follow in the family business.

“We are humbled to be nominated and recognized by the Rothman Institute. And we really appreciate the letter from the governor,” Roddy concluded.