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William L. Gray, Jr.

TCU '70


W. L. Gray founded Goodpasture Gray, an S.E.C. Registered Investment Advisory Firm, to service a discerning clientele that requires generational investment advice for portfolios using asset allocation. He is Principal of Goodpasture Gray.

He has more than 36 years of Wall Street experience serving as a Senior Vice President of major Wall Street firms, most notably Drexel Burnham Lambert and Kidder Peabody, in both New York and Texas. His institutional clientele consisted of both foreign and domestic accounts which gave W. L. an excellent understanding of the effects of the global economy on many different market structures worldwide.

The Austin Business Journal in its January, 2004 edition named Goodpasture Gray to its Top 25 Money Management Firms stating, “Despite a difficult economy, these remarkable companies rose to the challenge … With vision, commitment and steadfast determination they have truly a made a difference and have given the economy a strong foundation in uncertain times.”

W. L. became a member of Texas Zeta Chapter of Phi Delta Theta at Texas Christian University. Through the years he has devoted much of his time to the advancement of the Fraternity. During his time in Austin, he helped resurrect both the local alumni club and the chapter at The University of Texas at Austin. He has served as chairman of the Chapter Advisory Board and was named the University’s Chapter Adviser of the Year. W. L. was appointed a Trustee of the Phi Delta Theta Foundation in 2005. He became Chairman of the Board in January of 2007.

Mr. Gray serves on the Board of Trustees of St. Paul’s United Methodist church of Houston’s Foundation and he is a member of the Board of Visitors for the McDonald Observatory. He has also served on the Board of Directors of the South Texas Chapter of the Amyotrophic Lateral Sclerosis (ALS) Association and the Board of Advisor’s of the University of Texas College of Natural Science.

He has been an instrument rated private pilot since 1970 and enjoys using his own airplane to meet with valued friends and clients. He is a member of Angel Flight and HSEAT (Homeland Security Emergency Air Transport). Following Hurricanes Katrina and Rita, he took a very active role flying his own plane throughout Texas reuniting families whose members had been separated from one another and flying medical supplies back to the affected Gulf Coast region.

W.L. and his wife Lynn are active members of St. Paul’s United Methodist Church of Houston. They have three sons, Sean, Will and Kyle and one daughter, Shannon.