From our establishment as a pension fund manager to the full-service wealth management firm we are today, Greenwood Capital has been building wealth for the last four decades. This year, we are celebrating that legacy while we look forward to serving clients for the next 40 years.
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1983 – Established with $215 Million AUM
Greenwood Mills Investment Department is spun out to offer services to the public.
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1985 – First New Hires
New team members join the initial three founders.
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1992 - Inaugural Member of Global Investment Performance Standards®
Then known as the Association for Investment Management and Research Performance Presentations Standards it set the standard for ethical performance reporting.
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1994 – Began Managing Greenwood County Electric Capital Fund
Took over managing the fund after it endured a $3 million loss due to risky mortgage securities.
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1996 – AUM Reached $500 Million
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1998 – Restored the Electric Capital Fund
Achieved the 10-year target in three years’ time.
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2001 – Became an LLC
Employees and outside partner, Wealth Trust, bought out the principal.
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2003 – Ranked Among the Top 1000 Money Managers
Included in Pensions & Investment’s managers for top domestic tax-exempt institutions.
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2004 – Received Award of Excellence
Honored with Award of Excellence among fastest-growing companies in South Carolina.
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2008 – TCB Partnership
Joined with TCB, the holding company for Countybank, to bring ownership and leadership of Greenwood Capital back to SC.
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2008 – Named Most Dependable Wealth Managers
Listed in “Most Dependable Wealth Managers of the Southeast” as published by Goldline Research in Forbes Magazine.
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2009 – New Client Offerings
Began offering financial planning and innovative Global ETF strategies.
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2013 – Increased Specialization
Separated wealth management and investment management functions to better serve our clients.
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2014 – AUM Reached $1 Billion
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2017 – Opened Greenville Office
Opened downtown Greenville office at 201 W. McBee.
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2018 – Reinvest in Greenwood
Relocated to Main St. following a multi-million-dollar renovation as an anchor in Uptown Greenwood.
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2020 - AUM Reached $1.5 Billion
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2021 – Narrowed Product List from 22 to 13
Introduced passive models to offer increased customization for clients. -
2022 - Rolled Out New Trading and Client Service Processes
Implemented industry-leading software to further enhance and improve the client experience.
Then & Now
When we first opened our doors, the world looked a little different than today. Sally Ride had just become the first American woman in space. Flashdance – What a Feeling, by Irene Cara was topping the billboard charts. And everyone (including a younger Walter Todd) was lining up to see Return of the Jedi in theatres.
1983 was a foundational year for the connected, technological world we live in today. The World Wide Web TCP Internet Protocol was born on January 1, 1983. Motorola introduced the first retail mobile phone. Our offices were about to change with the launch of first day-to-day PC tools ever: Microsoft Word and Lotus 1-2-3. It was even the debut of Mario & Luigi from Nintendo (whose recent movie topped the box offices in 2023).
The world is ever-changing and our macroeconomic approach to honoring the past and looking forward to the future is more relevant than ever as we continue to build wealth across generations.
Dow Jones Industrial Average
S&P 500
US Bond 10 Year Yield
Return on Investments:
Greenwood Capital’s Asset Evolution
Since our founding, we have introduced new products and strategies. These changes always center on the client’s needs and each change was pioneered by specific investment professionals, who brought their own expertise and influence to the team.
Step by Step:
Melissa Bane on the Importance of Hope
Melissa Bane’s motivation to become a financial advisor was to be able to help people directly. She is especially passionate about empowering and supporting women, and she uses her three decades of experience in the financial industry to solve client problems and give personalized solutions.
Hometown Pride:
John Cooper on Making Plans and Digging Deep
When talking to John Cooper, it doesn’t take long to realize he loves his hometown of Greenwood, South Carolina. Being able to stay involved in his community has always been a prerequisite for John. He made this clear in his first job interview at Greenwood Capital.