Ferguson Wellman co-founder dies at age 82

by Matthew Kish

Norb Wellman, who co-founded one of Oregon's most prominent wealth management firms, died Saturday from complications related to a stroke he suffered in 2013.

He was 82.

Wellman and Joe Ferguson co-founded the firm that became Ferguson WellmanCapital Management nearly 40 years ago. The firm has more than 715 clients and management $4.3 billion in assets.

"He displayed tremendous courage to start something from nothing in the late 1970s when he founded a firm that would ultimately become Ferguson Wellman," said CEO Jim Rudd, in a statement. "In a business that can become very emotional at times, no one can think of a time when Norb ever raised his voice. He was always the one who brought calm and level-headedness to every situation. He was so self-effacing — so concerned about our clients and the well-being of everyone in our company."

Wellman retired in 2004.

He remained involved with numerous organizations, including the Western Rivers Conservancy, Oregon State University Foundation and Oregon State athletics.

Wellman played collegiate baseball at Oregon State, leading the Beavers to an appearance in the 1952 College World Series. He held a bachelor's and master's degree from the university.

Wellman's family is establishing an OSU Baseball scholarship in his name. Contributions can be sent to the Oregon State University Foundation, 850 S.W. 35th Street, Corvallis, OR 97333. Contributions can also be made online.

Remembrances can also be made to Western Rivers Conservancy, for which Wellman served as a founding board member between 2002 and 2011. Contributions to WRC will honor Wellman and his efforts to further Oregonians’ connections with wild rivers, wild fish and wild places.