Greenwood Capital Associates, LLC (Greenwood)

Name: Greenwood Capital Associates, LLC
Address: 425 Main Street, Greenwood, SC, 29646
Telephone: 864-941-4049

Greenwood Capital Associates, LLC is a large advisory firm based in Greenwood. It manages $1.25 billion of regulatory assets for 901 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 5 other states.

Greenwood Capital Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenwood Capital Associates: assets under management

The assets under management (AUM) of Greenwood Capital Associates, LLC is $1.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.25 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.39 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in government bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Greenwood Capital Associates, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Walter Blakely Todd serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Walter Blakely Todd is state or municipal government entities with 27 clients and $591.74 million of assets under management. Among the 8 most similar advisory firms, Greenwood Capital Associates has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.25 billion for 901 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Greenwood Capital Associates doesn't advise any private funds.

Careers at Greenwood Capital Associates, LLC

The company employs 19 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There are 38 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Walter Blakely Todd has been acting as President since 1 Aug 2017. James Philip Bell joined the executive team most recently as the Ceo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Woodgreen	Member	1 Jun 2001	Other	57-1125116
John William Harper	President	1 Jul 2001	Other	1261676
John William Mcalhany	Principal	1 Jul 2001	Other	4330373
James Philip Bell	Principal	1 Jul 2001	Other	4330377
Ashley Dawes Sherman	Principal	1 Jul 2001	Other	1141650
Willam Bailey Allin	Vice chairman	1 Jul 2001	Other	4330357
Ralph Walton Illges	Secretary/treasurer	1 Jul 2001	Other	1287994
Inc. Wealth Trust	Shareholder	1 Jul 2001	50% - 75%	62-1696932
Inc. Wealthtrust	Member	1 Jul 2001	50% - 75%	62-1696932
Inc. Hammond Hill	Member	1 Jul 2001	Other	57-1125115
Inc. Grampjohn	Member	1 Jul 2001	Other	57-1125118
Inc. Woodgreen	Member	1 Jul 2001	Other	57-1125116
Karen S. Allin	Vice president	1 Jul 2001	50% - 75%	4330365
Citadel Investment Corporation	Member	1 Jun 2004	Other	06-1675640
W&L Investment Corporation	Member	1 Jun 2004	Other	06-1675643
Michelle B. Kennedy	Cco	1 Oct 2004	Other	4863626
Michelle Bannister Kennedy	Chief compliance officer	1 Oct 2004	Other	4863626
James Philip Bell	President / chief compliance officer	1 Jul 2006	Other	4330377
Citadel Investment Corporation	Member	1 Jul 2006	Other	06-1675640
W&L Investment Corporation	Member	1 Jul 2006	Other	06-1675643
Llc Wealthtrust	Member	1 Nov 2006	75% - 100%	20-5389611
Wealthtrust Llc	Member	1 Nov 2006	50% - 75%	20-5389611
Michael Wayne Nix	Chief compliance officer	1 Feb 2007	Other	2627320
Tcb Corp	Member	1 Jul 2008	75% - 100%	02-0679788
Tcb Corporation	Member	1 Jul 2008	75% - 100%	02-0679788
James Philip Bell	Chief compliance officer	1 Sep 2008	Other	4330377
Walter Blakely Todd	Chief investment officer	1 Aug 2011	Other	3262917
Michael Wayne Nix	Chief operating officer	1 Aug 2011	Other	2627320
John Durham Wiseman	Director of fixed income	1 Jun 2014	Other	2235625
John Robert Decker	Director of equity	1 Jun 2014	Other	6004461
Brian Lanier Disher	Director of wealth management	1 Jun 2014	Other	4535814
Denise Hemingway Lollis	Chief compliance officer/chief operating officer	1 Feb 2016	Other	6261160
Denise Lollis	Chief compliance officer	1 Feb 2016	Other	6261160
James Philip Bell	Ceo	1 Aug 2017	Other	4330377
Walter Blakely Todd	President/chief investment officer	1 Aug 2017	Other	3262917

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Morgan Asset Management	Shareholder	1 Nov 1999	75% - 100%	62-1277223
James Philip Bell	Shareholder	1 Jun 2001	75% - 100%	4330377
Inc. Morgan Asset Management	Shareholder	1 Jul 2001	75% - 100%	62-1277223
Inc. Mk Holding	Shareholder	1 Jul 2001	75% - 100%	62-1153850
Regions Financial Corp.	Shareholder	1 Jul 2001	75% - 100%	63-0371391
Michael Wayne Nix	Shareholder	1 Jan 2003	75% - 100%	2627320
Walter Blakely Todd	Shareholder	1 Jan 2003	75% - 100%	3262917
Michael Wayne Nix	Shareholder	1 Jun 2004	75% - 100%	2627320
Walter Blakely Todd	Shareholder	1 Jun 2004	75% - 100%	3262917
Michael Wayne Nix	Shareholder	1 Jul 2004	75% - 100%	2627320
Walter Blakely Todd	Shareholder	1 Jul 2004	75% - 100%	3262917
Michael Wayne Nix	Shareholder	1 Jul 2006	75% - 100%	2627320
Walter Blakely Todd	Shareholder	1 Jul 2006	75% - 100%	3262917
Wealthtrust Holdings Co	Member	1 Nov 2006	75% - 100%	20-5576278
Wealthtrust Holdings Llc	Shareholder	1 Nov 2006	75% - 100%	20-5493778
Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	20-5509625
Falcon Mezzanine Partners Ii Lp	Member	1 Nov 2006	25% - 50%	20-2506252
Nmc Cpc Wt Investment Llc	Member	1 Nov 2006	25% - 50%	42-1717706

Based in Greenwood

The principal office where Greenwood Capital Associates, LLC performs its advisory services is located at 425 Main Street, Greenwood, SC 29646 The mailing address of the firm is Post Office Box 3181, Greenwood, SC 29648 3181. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 864-941-4049 or by fax 864-229-1950. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at greenwoodcapital.com.