The four-year-old wealth management unit of West End-based Avondale Partners has nearly tripled its assets under management to $688 million in the past year. That performance was enough to put it atop the annual growth rankings of Financial Advisor magazine.
“Our team of experienced advisors is producing results by providing customized investment strategies along with senior-level attention and independence that clients can’t find at larger firms,” Tipton said. “We are proud of our accomplishments and are excited about the opportunities to continue our growth as we expand our staff to serve the investment needs of all our clients.”
The Lone Pine Capital hedge fund run by noted investment manager Stephen Mandel this week said it has added more than 4 million shares to its stake in Dollar General since June 30. Those purchases — which have come as Dollar General shares (Ticker: DG) climbed from about $50 to above $55 — have lifted Lone Pine's holdings to 5.4 percent of the Goodlettsville-based retailer.
Diversified Trust has added Michael L. Winter as vice president and client service manager.
Previously, Winter led the member services team at The Investment Fund for Foundations. Prior to his time at TIFF, Winter worked for investment consulting firm Cambridge Associates, where he focused on performance reporting and investment analytics.
Winter received his Bachelor of Science degree in business from Virginia Polytechnic Institute and State University where he majored in finance and minored in communication studies.
“Through his diverse professional background Mike brings a wealth of experience that makes him an immediate asset to our institutional and individual investors alike,” Tom Curtis, managing director of Diversified Trust’s Nashville office, said in a release.
Diversified Trust is a Southeast-based wealth management firm with more than $5 billion in client assets.
A number of local analysts have been recognized by market-watching firm StarMine for the quality of their research and recommendations. Leading the way is construction materials analyst Kathryn Thompson of Thompson Research Group. StarMine says she led the pack in her sector both in terms of the returns of her buy/sell recommendations and the accuracy of her earnings estimate. She is one of only four analysts to pull off that feat.
Also honored by StarMine are Richard Close at Avondale Partners and David Darst at Guggenheim Securities. Both came in third in the stock pickers segment of their sectors, which are health care technology for Close and thrifts/mortgage finance for Darst.
Check out the full StarMine 2013 awards list here.
POSTDATA: WARRANTY DEEDS