VOL. 127 | NO. 49 | Monday, March 12, 2012
Diversified Trust Promotes Smithwick
By Andy Meek
Diversified Trust, a Memphis-based comprehensive wealth management firm, has a new managing principal of its Memphis office.
Robert “Robin” Smithwick III assumed the role effective Jan. 1. He’s taking the role previously held by Samuel Graham, who became the firm’s CEO in 2011.
Smithwick has been with the firm almost since its founding in 1994. He joined in 1995, and over the course of his 17 years with the firm, it’s grown today to now have more than $4 billion in assets under management and several offices throughout the Southeast.
“I was brought in primarily to work with clients, develop new business, and that’s been my main role over my 17-year career here,” he said. “And we’ve really grown quite a bit in that time.”
Diversified Trust, which was founded in Memphis, provides investment management, trust and estate, family office and advisory service to clients throughout the Southeast, with additional offices in Atlanta, Greensboro, N.C., and Nashville.
In January 2011, the firm opened its fourth office in Greensboro under the leadership of Wallace Johnson III, a Diversified Trust board member and former regional managing director for Wells Fargo Family Wealth.
Smithwick, a Memphis native, spent a decade at Morgan Keegan & Co. Inc. prior to joining Diversified.
He’s active with a variety of charitable and civic organizations through leadership roles. He’s a member of the Board of Trustees of the Memphis College of Art and is past chair of the board. He’s also a member of the Board of Trustees of St. George’s Independent School and serves on the board’s executive committee.
Smithwick served for 10 years as a member of the board of governors of The Community Foundation of Greater Memphis and is a past board chair.
He graduated cum laude from Washington & Lee University.
Graham said Smithwick has been instrumental in helping the firm achieve its success to date.
In addition to his new role of overseeing the Memphis office, Smithwick will continue to be actively involved in the development and management of client relationships. He also chairs Diversified Trust’s Business Development Group, and serves on the company’s Investment Strategy Group and the Institutional Advisory Committee.
The firm recently expanded its Memphis space in the Crescent Center. Smithwick said Diversified just added another 2,400 square feet there that it’s filling out right now.
“We have really grown organically since we started here,” Smithwick said. “We just said we’re going to serve clients in this market and do a good job for them and grow organically as we go forward. That’s how we’ve done it.”
Diversified Trust clients include individuals, multi-generational families, single-family offices, foundations, endowments, retirement plans and family-owned businesses.
“We manage our client assets the same way we manage our personal assets, and it really keeps our incentives aligned with what our clients need,” Smithwick said. “And that’s really important.
“I tell people all the time, we own the firm, we’re going to be here for the long term, and we’re going to take care of you and your family way down the road.”