John Winthrop Wright, founder of Wright Investors' Service, Bridgeport, Conn., died on March 4; he was 83.
Mr. Wright founded Wright Investors in 1960 and saw it grow to manage $4 billion in assets.
In a letter to clients, Peter M. Donovan, president and chief executive officer of Wright Investors, noted Mr. Wright was preparing for a business trip to the Middle East and a meeting with the firm's international advisory board when he died.
Mr. Wright was a retired manufacturing executive when he started his career in money management, serving as president of Wright Power Saw and chairman of Rototiller, both power tool manufacturers.
As a money manager, he was an early proponent of comparative stock and industry analysis and an advocate of long-term investing in high-quality stocks. His contributions to the industry were honored in December by the New York Society of Security Analysts, which made him a lifetime member.
"His hard work and vision served as an inspiration for those of us who worked with him; he expected a lot from his employees, but never as much as he gave himself. We will all miss him as a mentor and teacher, and as a friend," said Mr. Donovan.
Mr. Wright is survived by his wife, Mildred. A memorial service is planned for 2 p.m. March 29 at the Quick Center of Fairfield University, Fairfield, Conn. Memorial donations can be made to the School for Ethical Education at 1000 Lafayette Blvd., Bridgeport, Conn. 06604.