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Editorial Results (free)

1. Diversified Trust Makes Promotions in Memphis -

Memphis-based Diversified Trust, a comprehensive wealth management firm with more than $5 billion in assets, has promoted seven professionals in its Memphis office.

Robin Smithwick, managing principal of Diversified’s Memphis office, attributed the move to the company’s next generation of leaders becoming more visible and taking on greater responsibility around the firm, which also is celebrating its 20th anniversary this year.

2. Phillips Joins Spirco as Manager, Vice President -

Mike Phillips has joined Spirco Manufacturing as general manager and vice president of operations. In his new role, Phillips will oversee all divisions of the metal-building manufacturer and direct its organizational needs.

3. Diversified Trust Hires Associate Counsel -

In the financial services world, the compliance work overseen by legal counsel has grown in prominence and importance.

Banks and investment firms have been dealt a slew of new regulations – so much so that some small banks in Memphis and beyond say they’re now at the limit of the compliance costs they’re able to pay for. For other firms, expanding the company infrastructure to include new compliance and legal capabilities is a natural byproduct of business growth and staff additions.

4. As Election Nears, New Rules are Facing Delays -

WASHINGTON (AP) – When the Obama administration agreed to set the first-ever federal limits on runoff in Florida, environmental groups were pleased. They thought the state's waters would finally get a break from a nutrient overdose that spawns algae, suffocates rivers, lakes and streams and forms byproducts in drinking water that could make people sick.

5. French Village Apartment Complex Sells for $2.8M -

Arlington-based Grahamwood Place Apartment Community LLC has bought the 244-unit French Village Apartments at 4055 Summer Ave. from French Village Apartments LP for $2.8 million.

6. Cut Tuition Could Make Way Back to City Budget -

Memphis City Council members will consider restoring a tuition reimbursement program cut from the city budget this past July when it meets Tuesday.

The resolution on Tuesday’s council agenda would restore $902,211 in funding, which was the level the city funded the program at in the current fiscal year.

7. Mercer Capital Promotes Heinz to Senior VP -

Nicholas J. Heinz has been promoted to senior vice president at Mercer Capital. Heinz joined Mercer Capital in 2000 and is a senior member of the Mercer’s investment banking corporate valuation division.

8. Events -

Christian Brothers University will present the fourth session of its Family Business Enrichment Series today from 7:30 a.m. to 9:30 a.m. in the Spain Auditorium in Buckman Hall. The topic of the lecture is “Integrating Closely Held Businesses Into Personal Financial and Investment Strategies.” For reservations, call 321-3999 or e-mail rsvp@cbu.edu.

9. UT Medical Group Names Martin VP of Corporate Compliance -

Linda Martin has joined UT Medical Group Inc. as vice president of corporate compliance.

10. The Great American Roller Coaster: -

The Memphis real estate market has been on a slight roller coaster ride over the past three years, with mortgage filings dipping and cresting.

Now, the market is back on an upswing.

In the first quarter 2006, there were 14,613 residential and commercial mortgage filings, according to The Daily News Online, www.memphisdailynews.com. That was up from the 13,072 filings in the same period in 2005, but down from the 16,592 filings in the first quarter of 2004. These numbers include first and second loans.