Leavell Investments in Birmingham, AL

Legacy Focus

We understand that all of our clients, whether they are families, individuals, non-profits, or corporations, are creating a legacy for the benefit of others. Our primary goal is to help them with that mission.

Client Alignment

Leavell will always act in a fiduciary capacity when providing investment advice and discussing strategies with our clients. We are not a hybrid advisor affiliated with a bank, insurance company, or brokerage firm, so we do not sell products to generate additional revenue. We are not affiliated with a law firm or an accounting firm, so we do not cross-sell services to generate additional revenue. We are a “fee-only” independent investment advisory firm.

Built for Longevity

Not only do we work with many multi-generational clients, we are intentional about investing in our own corporate future. Leavell is

100% employee-owned and our corporate structure provides for a seamless internal ownership transition to the firm’s future leaders. We aim for our longevity because it benefits our clients and the communities in which we live.

Generational Diversity

We are committed to being a multigenerational firm. Leavell associates have diverse perspectives, skill sets, and backgrounds that strengthen our collective knowledge and investment approach. You can expect personal, proactive attention from your dedicated team. You will also benefit from Leavell’s combined experience and collaborative approach.

Community

We are active in our communities. Like our clients, we contribute time, money, and board service to not-for-profits and charitable organizations.

Leavell has been committed to helping families live their legacy for over 40 years.

Experience and expertise—it shows in everything we do.

We believe legacies are built, not just with well-invested money, but by the actions taken in our everyday lives. We foster a relationship of trust so that we can understand the legacy our clients hope to leave behind, and help them live their legacy today.

Our collaborative approach separates Leavell from other investment advisory firms. We assign three specific team members to each client account: an Investment Counselor, a Portfolio Manager, and a Client Services Representative. These team members work in concert to listen to clients and execute their objectives. Our teams are passionate about working with clients who live with purpose.

In 1979, Tom Leavell founded Leavell Investment Management, Inc. in Mobile, Alabama. Tom saw a need in the financial services industry for high-net-worth families to have their money managed by a firm that had a fiduciary duty to act in their best interests. The Firm has maintained this approach to asset management for over 40 years, always providing an unwavering commitment to our client’s needs and objectives.

INVESTMENT COUNSELORS

C. ROBIN HANES III, CFP® Investment Counselor | Mobile

Before joining the firm in 2019, Robin served as Executive Director for JH Outback, an adventure and content based organization with locations around the world. His previous work experience includes thirteen years in commercial banking with leadership roles in underwriting and relationship management. Robin graduated from Auburn University with a B.S. in finance. He holds the CERTIFIED FINANCIAL PLANNER™ designation.

WILLIAM K. NICROSI II, CPA, CFP® Investment Counselor | Birmingham

Before joining the firm in 2010, William served as Chairman, President and COO of Arlington Trust Company, Inc. and was a partner in the family office firm of Arlington Partners LLC. He holds a B.S. in finance and accounting from Birmingham-Southern College. Previously, he was a partner in the CPA firm of Williams, Taylor & Associates P.C. (currently Dixon Hughes Goodman PLLC). William received his CPA designation in 1993 and is a member of the AICPA and the ASCPA.

MICHAEL C. TEEL, J.D. Investment Counselor | Birmingham

Mike joined the firm in 1998 after serving as Vice President and Trust Officer for AmSouth Bank for eleven years. Mike taught Legal Environment of Business at Samford University for thirty years and is past President of The Estate Planning Council of Birmingham. He has a bachelor’s degree from Southern Methodist University and an MBA and J.D. from the University of Missouri. He also holds an M.B.S. from Birmingham Theological Seminary.

RANDALL J. FREEMAN, CPA Investment Counselor, Chief Financial Officer | Birmingham

Randy joined the firm in 2023 after a 29-year career as Chief Financial Officer at Brasfield & Gorrie, one of the nation’s largest privately held construction companies. As CFO, he was responsible for the financial management of the company, including overseeing both its corporate investment portfolio and 401k plan assets. Previously, he served as an audit manager in the Birmingham office of Coopers & Lybrand (now Pricewaterhouse Coopers). He holds a Bachelor of Science in Business Administration from Samford University.

CLIENT SERVICES

JANET R. HAYES Investment Counselor | Mobile

Janet joined the firm in 2004 and has been engaged in the investment management business since 1989. She previously served as SVP for BBVA’s Private Client Services Group in Alabama and Florida and in a similar capacity with Bank of America in Nashville, Houston and Charlotte. Janet holds a B.S. in business administration from the University of North Carolina at Chapel Hill.

RICHARD M. STIMPSON Investment Counselor, Chairman | Mobile

Richard has been in the financial services industry since 1987. He worked for FTN Financial in Fixed Income Sales and later for Sterne Agee in a similar capacity. Richard joined the firm in 2006. He holds a B.S. in pre-law from The University of Alabama and served as in Infantry Officer in the United States Marine Corps. His community involvement entails membership in the Rotary Club of Mobile, Downtown Mobile Alliance, serving on the Boards of JH Outback and more.

JOHN WADE THERRELL III, CFP® Investment Counselor | Mobile

John Wade joined the firm in 2015 after a successful 10year career in the banking industry. Most recently, he was with IBERIABANK focusing on building his market’s commercial banking portfolio. John Wade holds a B.A. from Rhodes College, where he also played football. He holds a graduate degree in banking from the Southwestern Graduate School of Banking at (SWGSB) SMU. Educational honors included receiving the SWGSB 2015 President’s award.

JOHN M. WILLIAMS Investment Counselor | Birmingham

John joined the firm in 2007 after serving as a Managing Director in the Institutional Fixed Income Division for Morgan Keegan in its Birmingham office and as a Vice President in the Institutional Investment Banking Division of Compass Bank. John received a B.S. degree in Finance from The University of Alabama Culverhouse School of Business, and has been engaged in the investment management business since 1980.

Ashley C. Kick Leigh D. Morton

Nena B. Smith Margaret H. Alves, JD P. Reeves Duggan

Rhonda L. Potts Lauri T. Bryant

OUR VALUES OUR PEOPLE

PORTFOLIO MANAGERS

RICHARD E. ANTHONY, JR., CFA® Portfolio Manager | Birmingham

Before joining the firm in 2004, Rich served as an Analyst and Portfolio Manager at AmSouth Bank. He holds a B.S. in business administration and an M.S. in engineering from The University of Alabama. Rich is a CFA charterholder and member of the CFA Institute. He enjoys playing golf and spending time with his family.

MICHAEL J. HOFTO, CFA®, CHFC® Portfolio Manager | Mobile

Mike served as President and CFO of a local Mobile industrial company prior to joining the firm in 2007. He has a B.S. from Virginia Tech and an MBA from the Wharton School at the University of Pennsylvania. Mike is a CFA charterholder and member of the CFA Institute. He also holds the ChFC designation conferred by the American College of Financial Services. He received his CPA designation in 1989.

MARY SHANNON HOPE Portfolio Manager , Operations Manager | Mobile

Mary Shannon, who joined the firm in 1988, specializes in fixed income securities and manages both the trading desk and operations. She earned a B.S. in finance from The University of Alabama and an MBA from the University of South Alabama. Mary Shannon is a graduate of Leadership Mobile and is a sustaining member of the Junior League of Mobile.

C. DALTON NIX, CIMA® Portfolio Manager | Mobile

Dalton joined the Leavell team in 2016. He previously worked for an Atlanta-based boutique investment bank and operational advisory firm that helped privately held businesses navigate merger and acquisition transactions. He graduated cum laude with a degree in finance and a minor in economics, and later earned his MBA in 2011, both from The University of Alabama.

CLIENT SERVICES

E. ANDREWS GRINSTEAD Portfolio Manager, Chief Executive Officer | Mobile

Before joining the firm in 2010, Andrew served as an investment consultant to the New York-based hedge fund Southpoint Capital Advisors, LP. Andrew graduated magna cum laude with a degree in economics from Harvard College, and received his MBA, with distinction, from Northwestern University’s Kellogg School of Management where he was chosen by faculty as the top finance student in his graduating class.

TIMOTHY S. HEALEY, CLU Chief Investment Officer, Portfolio Manager | Birmingham

Tim joined the firm in 1986 and has been continuously engaged in the investment management business since 1975. Tim previously served as Second Vice President, Equity Portfolio Manager, Preferred & Common Stock Analyst, and Venture Capital Manager & Fixed Income Analyst at Torchmark Investment Advisory Company, Inc. He earned his Bachelor’s degree in Finance from The University of Alabama.

THOMAS W. LEAVELL

Portfolio Manager, Founder | Mobile

Tom founded the firm in 1979 and has been continuously engaged in the investment management business since 1973. Tom previously served as Manager of Trust Investments at First National Bank of Mobile and as Portfolio Manager/Security Analyst at Wachovia Bank & Trust Company. Prior to that, Tom was an Air Force Captain assigned to a flight crew with Strategic Air Command B-52 bombers. He holds a B.S. from Auburn University and an MBA from the University of Kentucky.

EDWARD B. NORFLEET, JR., CFA® Portfolio Manager | Mobile

Edward joined the firm in January 2022. Born and raised in Richmond, Virginia, Edward attended St. Christopher’s School and then the University of Virginia in Charlottesville, where he graduated with degrees in economics and psychology from the College of Arts and Sciences. Since graduation, he has worked primarily in fixed income investments, with roles ranging from distressed credit analysis to mortgage-backed securities trading.

Daniel B. Hubbard, CPA, CFP®

Shelly A. Cordell Angelia B. Deese Tara R. Duncan Kee P. Goostree Kathy P. Greer

Individual Investors, Professionals, Executives, and Business Owners

Our team understands how important time is to our clients. We strive to provide comprehensive wealth management and financial planning to fit each client’s needs based on his/her risk tolerance and retirement goals. Most investors do not have the technical expertise or availability to actively monitor their investment accounts; these investors are seeking a partner they can trust to always act in their best interest. Leavell’s internal collaboration and our team approach allow us to make sure no financial decision goes overlooked.

Families with Complex Needs

Our team understands each client has unique circumstances within their family, so we strive to offer financial solutions to meet these families’ goals and objectives. We coordinate all aspects of their financial lives so they can focus on what matters most, living their legacy. Our clients take comfort knowing we have a group of experts, acting in a fiduciary capacity, to help manage their wealth, now and for future generations.

Employer-Sponsored Retirement Plans

Whether your company is looking to start a 401(k), 403(b), defined benefit, or a nonqualified deferred compensation plan, we have the expertise to help design a plan to fit your company’s needs and objectives. Retirement plans can be a great tool for employee retention and hiring top talent. Additionally, plans can provide a great way to defer taxes, reduce taxable income, and allow investments to grow tax-deferred.

For companies that have an existing employer-sponsored retirement plan, we start by benchmarking the company’s current plan costs versus other plans of similar size in terms of assets and the total number of participating employees. Many plan sponsors are unable to identify the total costs in addition to internal investment fees associated with investment products offered to their employees. Our team creates a detailed report showing a breakdown of the total cost of these plans by each provider.

Endowments and Foundations

Leavell serves endowments and foundations (public and private) by acting in a fiduciary capacity to the organization, board members, and its donors. We strive to offload the stress of investment management from families and board members by understanding the non-profit’s objectives, managing income needs, and developing or reviewing the Investment Policy Statement (IPS).

By hiring one of Alabama’s largest independent investment advisory firms, donors can have peace of mind knowing the funds are invested prudently and according to agreed-upon objectives established in the IPS.

OUR VALUE QUANTIFIED

REPRESENTATIVE REFERRAL LIST

Mr. Davis Pilot

Mobile, Alabama

(251) 607-7700

Mrs. Katherine Alexis Atkins

Mobile, Alabama

(251) 343-5158

Mr. Chip Harrigan

Fulton, Alabama

(334) 636-4424

Mr. Victor H. Lott, Jr. Esq.

Mobile, Alabama

(251) 433-3234

Mrs. Kim Hodgson Jardine

Fairhope, Alabama

(251) 626-6699

Dr. William J. Urquhart, M.D.

Mobile, Alabama

(251) 344-5900

Mr. & Mrs. John Lewis

Mobile, Alabama

(251) 476-2507

Mrs. Minnie H. Rast

Birmingham, Alabama

(205) 870-8580

Dr. & Mrs. Stephen H. Munderloh

Mobile, Alabama

(251) 460-5388

Mr. Bestor Ward

Mobile, Alabama

(251) 342-0400

Mr. Robert H. Kirby

Tallahassee, Florida

(850) 894-8334

Mr. Sean Coley

Mobile, Alabama

(251) 344-2660

Dr. Scott Freeman

Mobile, Alabama

(251) 544-6407

Mr. Carl E. Jones, III

Vestavia, Alabama

(251) 457-7300

Mr. & Mrs. Cooper Thurber

Mobile, Alabama

(251) 441-8264

Dr. & Mrs. Michael Damrich

Mobile, Alabama

(251) 438-1200

Dr. & Mrs. Tad Beeker

Mobile, Alabama

(251) 422-1263

Mr. Eric Haynes

Saad Healthcare

Mobile, Alabama

(251) 287-8885

*The advisor has not used performance-based criteria in selecting the clients for this list nor is it known whether the clients will approve or disapprove of the investment advisory services provided. The list was selected to illustrate the types of clients represented by Leavell Investment Management, Inc. and the various geographical locations which the firm’s clients reside.

REPRESENTATIVE REFERRAL LIST

Mr. John P. Fitzgerald

Saunders Yachtworks

Gulf Shores, Alabama

(251) 981-3700

Mr. Harald F. Lassen

Birmingham, Alabama

(205) 979-3864

Dr. Bill Staggers

Eastern Shore Wound Care Clinic

Fairhope, Alabama

(251) 928-9090

Mrs. Christine L. Holliman

Alabama Medical Group, P.C.

Mobile, Alabama

(251) 410-3083

Mr. Samuel N. Crosby, Sr., Esq.

Stone Crosby, P.C.

Daphne, Alabama

(251) 454-3931

*The

Mr. Grantland Rice, III

Cobbs, Allen & Hall

Birmingham, Alabama

(205) 874-3606

Mr. Travis Colquitt

Brantley Bank & Trust Company

Brantley, Alabama

(334) 527-3206

Dr. Sunil Gupta

Retina Specialists

Pensacola, Florida

(850) 476-6759

Dr. Bernard Eichold, II

Diabetic Clinic of Mobile

Mobile, Alabama

(251) 690-8101

Mrs. Wendy Bedsole

Medical Society of Mobile County

Mobile, Alabama

(251) 476-9494

Mr. R. William Pradat, Jr.

EGS Commercial Real Estate, Inc.

Birmingham, Alabama

(205) 314-5519

Dr. Gale Hare

The Surgery Clinic, LLC

Gadsden, Alabama

(256) 547-6331

Dr. Sid Brevard

Daphne, Alabama

(251) 406-2616

Mr. & Mrs. Bill Watts

Mobile, Alabama

(251) 432-5521

advisor has not used performance-based criteria in selecting the clients for this list nor is it known whether the clients will approve or disapprove of the investment advisory services provided. The list was selected to illustrate the types of clients represented by Leavell Investment Management, Inc. and the various geographical locations which the firm’s clients reside.

Top Row, L to R: Michael Teel, Richard Anthony, Tom Leavell, Kee Goostree, Randy Freeman

Bottom Row, L to R: Shelly Cordell, John Williams, Valerie Hughen, Tim Healey, Daniel Hubbard, William Nicrosi

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS

What is the difference between a RIA and a bank or brokerage firm?

As a Registered* Investment Advisor (RIA) with the Securities and Exchange Commission (SEC), we are held to the highest level of responsibility in the investment industry. Banks and brokerage firms are not held to the same standard of care to act solely in your best interest (this is known as a fiduciary standard).

Are you a “Hybrid” RIA?

No. Many RIA’s are also affiliated with brokerage firms, meaning they have dual registrations, where in some circumstances they act as a fiduciary, and in others they do not. We always act as a fiduciary. We are also not affiliated with any insurance companies, so we are not tempted to recommend insurance or annuity products for the sake of extra commissions.

Does an independent firm such as Leavell have the same access to investment securities as the largest banks and brokerage firms?

Yes. We have access to the full universe of traded investment securities needed to appropriately diversify portfolios.

Does Leavell take possession of assets on behalf of clients?

No. Generally, except for special circumstances as requested by the client, Leavell does not hold client assets (known as “custody”). Your assets will be held by an independent third-party custodian. As such, there is always an important separation between Leavell and the ownership of your assets, thereby mitigating a potential misappropriation of funds.

Who makes up the designated “team” working on our account?

You will have both an Investment Counselor and a Portfolio Manager working together with you. In addition, a dedicated client service representative and an operations team are also assigned to your account.

How are you paid?

We charge a percentage fee based on the value of your assets under management. We are “fee-only advisors.”

Do you receive any form of compensation other than the fees we pay you?

No. Our single source of revenue is the fees we charge our clients. We receive no additional fees or expense reimbursements from any third party, except the management fee we receive from our two in-house mutual funds.

Who owns the firm?

We are an independent firm. Our owners are our employees, thus our success is directly tied to the success of our clients. No single employee owns more than 25% of the firm. This means we are able to make important and strategic decisions as partners. It also means the future of our firm is not reliant on the health or personal circumstances of any one individual.

What obligation are we under if the firm does not meet our expectations?

If you do not believe we are performing to your expectations, we ask only for a 30-day notice. Because we do not take possession of client assets and we do not require the use of any proprietary investment products, transitioning to another service provider is straightforward. Unlike some competitors, we do not charge a separate termination fee.

Does the firm take into consideration assets held elsewhere when developing an investment strategy for our portfolio?

Yes. One of the most important roles of the Investment Counselor is to comprehensively understand your current financial circumstances and your goals for the future.

As a client of Leavell, will your team work with our other trusted advisors to ensure the best decisions are being made on our behalf?

Yes. Another important role of the Investment Counselor is to seamlessly integrate our services with the services provided by your accountant and estate planning attorney. It is our team’s goal to stay current on your unique circumstances so we can communicate important financial details to others. This is especially important during times of family stress due to illness or death.

Our financial needs will change over time and perhaps suddenly. How timely is your team able to adjust to these changes?

We are always “on call” for our clients. We strive to help clients anticipate and adjust their financial plans ahead of ever-changing circumstances, but we stand ready to manage any changes that arise unexpectedly.

With volatile markets today, how do we avoid impulse reactions to jump in and out of the market?

That’s why we are here. Our clients feel less emotionally burdened because they know their investments are maintained by professionals with decades of market experience. While always honoring our clients’ wishes, we strive to help them remain focused on long term goals in the midst of short term volatility.