Former longtime Rumson resident, Arthur Francis Parent, most recently of Middletown, passed away on May 6. He was 81.

Known as a devoted husband, father, grandfather and friend who loved to play golf, read history and cheer on his grandchildren at their sporting events, Arthur lived in Rumson for more than 40 years. There, he and his wife Leslie raised two children, his obituary said.

After graduating from Ithaca College in 1961, Art served full-time in the U.S. Army while attending law school. He received his law degree from Seton Hall University Law School in 1966. 

Arthur practiced law after graduating and fulfilling his military commitment, but found his passion in finance. During his career on Wall Street, he worked for Morgan Guarantee Trust Co., Goodbody, Dominick & Dominick, and as vice president of Mergers & Acquisitions at U.S. Filter. 

After U.S. Filter, Art became the Chairman of the Board of Allsteel. In 1998, he founded Cornerstone Management Solutions with several other investors and served as the Chief Executive Officer and chairman of the board. He was the past chairman of NJT Holdings, Inc. and its subsidiary, New Jersey Title Insurance Company. 

He is survived by: his wife, Leslie Hornsby Parent; and his two children, Alison Maloney and her husband Thomas, of Rumson, and his son Arthur F. Parent; his grandchildren, Wade and Tess Maloney; brother, James Parent and wife Grace; nephews, Peter, Michael and Todd Parent; and nieces, Samantha Walravens and Stephanie Nesmith. 

Art was predeceased by: his father and mother, Arthur and Irene Parent; and sisters, Nancy Murphy and Renee Parent.

A Mass of Christian Burial will be celebrated at 10 a.m. on Friday, May 31 at Holy Cross Church, 30 Ward Ave, Rumson. In lieu of flowers, donations may be made to Holy Cross Church.