Greenwood Capital Announces Philip Bell CEO, Walter Todd President, CIO

Bell celebrates 32-year leadership legacy as firm prepares for growth and expansion in Upstate with new President

GREENWOOD, S.C. – Greenwood Capital, an independent SEC registered investment adviser managing $1.2 billion in assets,  is pleased to announce the recent promotions of J. Philip Bell to Chief Executive Officer and Walter B. Todd, III to President.

“It is with great pride that I support Walter’s promotion to President,” said Bell.  “It has been a pleasure to work with him these past 15 years and to observe the confidence our clients and our employees have placed in him.”

Philip Bell’s career with Greenwood Capital began in 1985 as a Portfolio Manager. Over the past three decades, he has grown with the company to serve as a Private Client Advisor, Chief Compliance Officer, and most recently President for the past ten years. The firm’s longest-tenured employee, and an owner in the firm, Bell’s 32 years of experience at Greenwood Capital has uniquely positioned him as CEO.

The position of President will be filled by current Chief Investment Officer, Walter Todd, who has been with Greenwood Capital since 2002. Todd has more than 22 years in the investment industry, including previous work with Lehman Brothers in New York and First Union in Charlotte, NC. Throughout his career at Greenwood Capital, he has assumed the roles of Portfolio Manager, Co-Chief Investment Officer and most recently Chief Investment Officer for the past five years. Todd will continue in his role as President/Chief Investment Officer, overseeing an expanding staff that provides institutional asset management, wealth management and servicing to more than 400 clients.  A featured Bloomberg partner, Todd is an active contributor to the financial media, and also an owner in Greenwood Capital.

“Philip has made significant contributions in the development of the firm and our ongoing success is in large part due to his sound wisdom and guidance,” said Todd.  “In conjunction with the entire Greenwood Capital team, I look forward to building upon this solid foundation and I am honored to have this opportunity.”

With specialized teams for Wealth and Investment services, Greenwood Capital offers a variety of services for the individual as well as institutional clientele. Using a top down approach and direct experience in managing proprietary investment strategies, Greenwood Capital has been recognized as one of the largest independent investment firms in the Southeast.

To learn more about Greenwood Capital, visit www.greenwoodcapital.com

ABOUT GREENWOOD CAPITAL

Founded in 1983 in Greenwood, South Carolina, Greenwood Capital specializes in institutional asset management and wealth management. With specialized teams for Wealth and Investment services, Greenwood Capital offers a variety of services for the individual as well as institutional clientele. Using a top down approach and direct experience in managing proprietary investment strategies, Greenwood Capital has been recognized as one of the largest independent investment firms in the Southeast, managing more than $1.2 billion in assets nationwide. Prior to 2001, Greenwood Capital Associates and the term "Firm" refers to Greenwood Capital Associates, Inc. (GCAI) which was established in 1983. On or about June 29, 2001, Greenwood Capital Associates, LLC acquired substantially all the assets of GCAI, a sub-chapter S corporation. Greenwood Capital Associates, LLC registration dates back from 2001.