Stewart ’81 was selected as a 2019 Distinguished Alumni at Indiana University of
Pennsylvania. In addition to attending many campus events over the April 5–7
weekend, Stewart spent time with students in the Eberly College of Business
and Information Technology.
spoke in Ibahim Affaneh’s Financial Institutions class in the morning;
toured the Eberly facility, including the Financial Trading Room and Bloomberg
Lab; and met with students over lunch.
Stewart received his BS in business/finance and economics from Indiana
University of Pennsylvania in 1981 and went on to receive his MBA from Drexel
in 1987. He is a member of the Chartered Financial Analyst Society of Pittsburgh and is a
chartered financial analyst and a certified management accountant.
Stewart served as the managing director of Investment Technology at PNC
Management from 1981 to 2000. He worked in several departments at PNC Bank before
joining their investment management division, eventually assuming
responsibility for all investment-related systems. Along with “RC” Collins, Stewart built a team that created a browser-based portfolio management system
in 1996 that was used at PNC for the next 20 years.
the knowledge gained from working in the PNC Asset Management Group, Stewart created InvestEdge and hired another former PNC employee, Roland “RC”
Collins, to launch InvestEdge in June 2000. InvestEdge provides software to
firms to manage high net worth customer portfolios with analytics, trade
calculation, risk management, performance calculation, and reporting tools. Stewart, who is founder and CEO of the company, funded the launch, using no
outside funding—today, the founders and employees own 99 percent of the shares.
InvestEdge is used by 115 banks, brokerage, and advisory firms that collectively
manage over one trillion in assets. The firm has grown from two employees at the
launch to 75 today and has won several Best Places to Work in Pennsylvania awards.
Kensinger, finance student and chief economist for the Student Managed
Investment Portfolio team, appreciated Stewart’s presentation. “I
enjoyed learning about the role of artificial intelligence and how the
investment landscape is shifting towards humans handling the person to person
contact, while the actual investment decisions are handled by algorithms. Robert
provided me with insight into opportunities that are available postgraduation.
He also showed a broad knowledge of current finance topics that are applicable
in our current market.”
Julio, Communications Services Sector leader for SMIP also had the opportunity
to sit in one of Stewart’s discussions. “Mr. Stewart stressed the importance
of getting the challenging parts of life and your career done early. He told us
to go get the CFA or CPA as soon as we can. Not only will it be easier when
having a fresh college brain, but it will only help you excel more in your
career early on. It struck me that he said most of what current students will
be doing in 20 years isn’t even a job at this moment. Your future job may have
not even been discovered yet. This only makes me think more about the growing
change in the financial fields and the impact of technology.”
Eberly College of Business and Information Technology congratulates Robert
Stewart on his award as a Distinguished Alumni and appreciates the time that he
spent with our students, faculty, and staff during his visit to IUP.