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Peter Olmstead

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Peter Olmstead Obituary
October 22, 1928 - June 20, 2015 Peter was grateful to have been born in Good Samaritan Hospital, Los Angeles. His growing up years were idyllically divided between LA and La Jolla. He resided on the Westside. Los Angeles' proximity made it possible for Peter to enjoy his favorite sports: tennis, skiing, and surfing. He was a member of the California Club, the Bel Air Bay Club, the San Onofre Surfing Club, Riviera Tennis Club, and The Beach Club. Snoozing under beach umbrellas contributed to his early nickname, "Balmy Olmy". Peter's 64-year career began as a security analyst in 1951. He started his own securities business in 1960, which became Morgan, Olmstead, Kennedy, & Gardner. It successfully merged with Wedbush Securities in 1988, to become Wedbush Morgan Securities. In 1975, Peter became a fulltime investment manager; he managed money ever since, even to the third generation. Peter was highly respected among his peers, and for the last many years had been invited into The President's Club of Wedbush Securites. Peter attended LA High, College of William and Mary, University of Arizona, and UCLA. Interested in education, he served as a member of the school board at St. Matthew's in Pacifica Palisades, and while Chairman of the Elder Board at Calvary Church, helped start Calvary Christian School. Since 2001, Peter had been on the Founding Board of Trustees at Pacifica Christian High School in Santa Monica. In 1997, Peter joined Westside Christian Fellowship, where his faith in Jesus Christ continued to grow. With the involvement of his church came other passions: Malawi Africa AIDS hospital, Harvest Home in Venice, CA, Thursday Morning Guys' Bible Study, Pacifica Christian High, The National Prayer Breakfast, the Fellowship, Community Bible Study. Peter and Cynthia hosted countless events in their Riviera home: fund raisers for the school, the AIDS hospital in Malawi; Bible studies, prayer meetings, and many informal gatherings of dear friends. Peter has been blessed with his son, Chris, and daughters Carol and Toni by his former wife, Doris Chase, whom he married in 1953. He is preceded by his grandchildren, Andrew & Lisa, Tim & Jeremie. The Love of his Life, was his dear wife, Cynthia, whom he married in 1979. They lived a rich, full, well-traveled, and joyous life for 36 years. In lieu of flowers, Peter requested a donation be made to Pacifica Christian High School, 1730 Wilshire Blvd, SM, 90403. Attention: Jim Knight, Head of School. A memorial service is being arranged at the Bel Air Bay Club, upper club.
Published in the Los Angeles Times from June 21 to June 27, 2015
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