Richard E. Minshall passed away on June 7, 2015, at the age of 76. Richard's grandfather came to Tulsa in 1901 from Pittsburg, Pennsylvania for an oil company. As a third generation Tulsan, Richard, son of Eugene Read Minshall, Jr. and Bonnie O'Connor Minshall, always said that it was his good fortune to grow up, marry Sally, his high school sweetheart, and raise a family here in Tulsa.
Minshall graduated from Central High School, from the University of Oklahoma and received an LLB from the University of Virginia Law School in 1964.
His earliest career was a stock broker and branch manager. In 1972, he joined the Fourth National Bank of Tulsa Trust Department as vice president and investment officer and became the top performing equity manager in the United States in 1976.
In 1978, Richard founded Capital Advisors, Inc. a registered investment advisory firm. Under his leadership, Capital Advisors grew to $900 million under management with offices in Tulsa, Dallas and Houston. In addition to portfolio management, the firm provided financing for three leveraged buyouts and arranged reverse mergers to take each company public. In September of 1987, Capital raised $73 million to create the Financial News Composite Fund, Inc., the first closed end index fund to be listed by public offering on the New York Stock Exchange. In the year 2000, the firm launched a no-load open-end mutual fund, the Capital Advisors Growth Fund, trading under the symbol CIAOX. In 2007, Richard sold Capital Advisors, Inc. to the officers of the firm, who have grown the firm to more than $1.5 billion under management.
Minshall's previous board positions include: Capital Advisors, Inc., First National Bank of Broken Arrow, Broken Arrow Community Foundation, American Gilsonite Company, Monte Cassino School, Holland Hall School, Mary Baldwin College, Philbrook Museum of Art, Natureworks, the Salvation Army, Financial News Composite Fund, Inc., the Tulsa Historical Society, AAON, Inc., Westwood Corp., the Tulsa Club and Catholic Charities of Tulsa. He was also a member of the Oklahoma Bar Association and Southern Hills Country Club.
Richard and his wife Sally enjoyed collaborating together on many community activities. Together they created the Masters Society at the Philbrook Museum of Art and the William Booth Society for the Salvation Army. The Masters Society and the William Booth Society continue to be important annual fundraisers for each charity. They also co-chaired the Tulsa benefit for the National Jewish Hospital.
As a team, the Minshalls sponsored a Vietnamese refugee for resettlement in Tulsa. The parents and children worked very hard and achieved the American dream. Richard believed this experience shared with Sally to be one of the most rewarding of his lifetime.
From 2005 – 2008, Richard and Sally co-chaired the Catholic Charities Campaign, "Mission of Hope-Changing Lives with Love," raising $19,000,000 for construction of a new campus facility at Apache and North Harvard. Richard considered sharing in the mission of Catholic Charities, "To be Christ's love to those who suffer," one of the greatest highlights in his life. After the capital campaign, he served as interim executive director in 2007 and 2008 and as vice chairman of the board from 2007 to 2014.
Richard was predeceased by his parents, brother, Thorne K. Minshall, and a "special cousin," William E. Minshall. He is survived by his wife, Sally; daughters, Bonnie and Melissa; son-in-law Steve, and many nephews, nieces and cousins. His legacy lives on through them and the young men whom he mentored and considered as sons.
In lieu of flowers, the family has requested donations to Catholic Charities of Tulsa.
There will be a prayer vigil Sunday, June 14, 7:00 p.m. at Christ the King Church. Funeral Mass will be at 11:00 a.m. on Monday, June 15, Christ the King Church followed by Committal at Calvary Cemetery.
Visitation will be Sunday, June 14, from 12:00 - 4:00 p.m. at Fitzgerald Ivy Chapel, 1402 South Boulder Avenue, Tulsa.
FITZGERALD IVY CHAPEL 918-585-1151