Spitz and Womack add prestige, experience to growing wealth advisory. William Spitz and Carol Womack have joined Memphis, Tenn.-based Diversified Trust Company as principals in the wealth advisory's Nashville office.

Spitz is in fact a co-founder and board member of employee-owned Diversified Trust. He had been taking a more active role in the firm since he stepped down as treasurer and vice chancellor for investments at Nashville-based Vanderbilt University -- where he'd worked for 22 years -- in the summer of 2007.

Value add

"I have enjoyed being associated with Diversified Trust since its inception," says Spitz. "In the past fifteen years, the company has progressed and developed key areas of expertise which I believe will enhance our suite of services to a growing base of clients."

Womack also comes to Diversified Trust from Vanderbilt, where she worked for 23 years. She collaborated with Spitz in managing the university's $3.6-billion endowment with fund specific responsibility for a diversified portfolio of venture-capital and leveraged-buyout investments spanning multiple strategies across the global markets.

Spitz and Womack will add value as Diversified Trust pursues a strategy of expanding in the U.S. Southeast, according to the firm's CEO Larry Bryan. "Their significant experience and dedication to sound investment principles are consistent with Diversified Trust's philosophy and we are thrilled to have both of them on board as part of our team."

Diversified Trust -- which has 16 principals and a total headcount of 45 employees -- has seen in assets under management triple to around $3 billion in five years. In addition to its two locations in Tennessee, it has an office in Atlanta. -FWR

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