Our Management Team
Edward D. Nowell, President
Mr. Nowell is President, Founder and Portfolio Manager of South Atlantic Capital Management Group, Inc. He has more than forty years of experience in the finance industry.
He is also the sole portfolio manager of the firm’s Core Equity Composite, which has outperformed the S&P 500 since its inception on January 1, 1992, and ranks highly among its peers in performance and downside protection during that time period. Recently, he was named a top 10 performing manager by PSN Informa among Large Cap Value managers for the 3rd quarter of 2021 and was named a top 10 Manager of the Decade among all Large Cap Managers at year-end 2012.
Prior to founding South Atlantic Capital in 1990, he worked as an Assistant Vice President in the structured finance department of Bankers Trust Company, New York. His primary responsibility was arranging bank financing for leveraged buyouts led by Kohlberg Kravis Roberts & Company and other leading private equity firms.
During graduate school, Mr. Nowell interned with Merrill Lynch’s Capital Markets Group in New York. Later, he served as an institutional fixed-income sales representative for Carolina Securities/Prudential Bache Securities and worked at Fox, Graham, and Mintz, Securities.
Mr. Nowell graduated from the University of North Carolina at Chapel Hill with a B.S. in Economics, and he received his MBA from the Darden School of Business at the University of Virginia.
Phillip A. Titzer, Chief Operating Officer and Compliance Officer
Mr. Titzer joined South Atlantic Capital in March 2020, bringing twenty-four years of investing and business operations experience to the firm. As a CFA® charterholder on the advisor’s investment committee, he adds additional valuation and investment management experience to the organization.
Previously, Mr. Titzer was a portfolio manager and head of investment operations for The Edgar Lomax Company, a large-cap value equity manager in Alexandria, Virginia. There, he directed all research, trading and portfolio administration activities.
Along with the firm’s founder, he managed the Edgar Lomax Value Fund, a mutual fund that earned Morningstar’s highest rating of 5 Stars overall as of December 31, 2019. He also managed high-net-worth and institutional separate accounts totaling approximately $1.6 billion.
Prior to entering the financial industry, Mr. Titzer was a nuclear-trained submarine officer in the U.S. Navy, serving on the U.S.S. Kentucky (SSBN 737) and, later, as a combat control test & evaluation officer for Naval Sea Systems Command.
Mr. Titzer holds a bachelor’s degree in mechanical engineering from Rose-Hulman Institute of Technology and an MBA in finance from George Mason University.
Our Professional Service Providers
Alpha Performance Verification Services
South Atlantic Capital retains Alpha Performance Verification Services as our current independent third-party verifier for performance results. They examine and monitor our policies and procedures, and ensure that they are designed to calculate and present performance results supporting overall principles of fair disclosure.
ACA Global
ACA Global provides us with compliance advisory services, policy and procedure development, and risk analysis. ACA Global works with us to assist with all aspects of compliance, including the development of proper disclosure language, rules interpretations and application, policy and procedure development, books and records maintenance and requirements, and interaction with Federal and State regulators.
Advent Software, Inc.
South Atlantic Capital retains Advent Software, Inc. for fully integrated data aggregation and management as well as performance reporting for client accounts. They provide a robust software platform that can confidentially monitor and track trading, tax reporting, and performance for client accounts with multiple custodians on a daily basis.
Charles Schwab & Co., Inc.
Charles Schwab & Co., Inc. has been selected as South Atlantic Capital’s primary custodian. You may select another brokerage firm to handle the transactions on your accounts.
PSN
We work with PSN to provide in-depth analytics, performance reporting, and industry performance rankings. PSN is a global investment manager database of approximately 2,000 investment managers representing more than 20,000 domestic and international investment products. This organization is a division of Informa Investment Solutions, Inc. (IIS).