Richard Augustus Phelps, 81, of Scarsdale, N.Y. and Tucson, Ariz. died on May 24th, after a long struggle with cancer.
Born January 29, 1939, to Augustus Ward and Marian Vreeland Phelps, he was raised in Scarsdale where he lived with his wife and four children until his retirement. His father founded and owned Phelps, Fenn and Co. from 1924-1966, the first all municipal bond firm in New York, which gained a reputation as "the Tiffany of Wall Street".
Rick worked in New York for Credit Suisse First Boston for all of his career He graduated from The Lawrenceville School and attended Trinity College before receiving an M.B.A. from the Wharton School at University of Pennsylvania. From 1960 to 1964, he served in the Air Force, and was last stationed at the Birkenfeld Air Station in Germany.
He was an avid hiker and distance cyclist who rode his bicycle across the United States and also up and down both coasts. He was also a lifetime philatelist, a passionate traveler and a connoisseur of all things baseball.