Our Team

Firm Profile

South Atlantic Capital Management Group Inc. is an Independent Investment Advisor registered with the State of North Carolina and the Commonwealth of Virginia. The company acts only as a fee based investment advisor managing client accounts on a discretionary basis. The client may select Charles Schwab & Co. or another brokerage firm to effect transactions in the client's account. Our interests are aligned with our client's interests as the portfolio manager's assets are invested alongside the client's assets and our compensation structure is fee based rather than commission based.

Management

Edward D. Nowell, President

Mr. Nowell is President and portfolio manager of South Atlantic Capital Management Group. Mr. Nowell has over forty years of experience in the finance industry. Since founding South Atlantic Capital in 1990, he has been the sole portfolio manager of our 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. He has been recognized several times by PSN Informa for the performance of our Core Equity Composite including most recently being named a top 10 Large Cap Value manager for the 3rd quarter of 2021. Most notably he was named a top 10 Manager of the Decade among all Large Cap Managers by the same firm at year-end 2012. Prior to founding South Atlantic Capital, he was an Assistant Vice President at Bankers Trust Company in New York. His primary responsibility was arranging bank financing for leveraged buyouts led by Kohlberg Kravis and Roberts, Forstmann Little, and other leading private equity firms. During business school he interned with Merrill Lynch’s Capital Markets Group in New York. Later, he served as an institutional fixed-income salesman with Carolina Securities/ Prudential Bache and worked with Fox, Graham, and Mintz, Securities. He graduated from the University of North Carolina at Chapel Hill and received his M. B. A. from the Darden Graduate School of Business Administration at the University of Virginia.

Phillip A. Titzer, Chief Operating Officer & 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 and, along with the firm’s founder, managed the Edgar Lomax Value Fund (a mutual fund that earned Morningstar’s highest rating of 5 Stars overall as of December 31, 2019) as well as high-net-worth and institutional separate accounts totaling approximately $1.6 billion. Prior to that, he 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 B.S. in Mechanical Engineering from Rose-Hulman Institute of Technology and an M.B.A. in Finance from George Mason University.

Professional Service Providers

Alpha Verification Services

South Atlantic Capital retains Alpha Verification Services as our current independent third-party verifier for performance results. Alpha examines and monitors South Atlantic Capital’s policies and procedures and that they are designed to calculate and present performance results supporting overall principles of full and fair disclosure. South Atlantic Capital claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is the industry’s best practice used by investment advisors to calculate and present investment results. Ashland Partners & Co., LLP, a previous independent verifier, has verified South Atlantic Capital’s compliance on a firm-wide level for the period of January 1, 1992 to September 30, 2016. ACA Performance Services has verified our firm-wide compliance for the period of September 30, 2016 to December 31, 2021. Alpha Verification Services has verified our firm-wide compliance for the period of January 1, 2022 to December 31, 2022. South Atlantic Capital Management Group, Inc. maintains a complete list and description of composites, as well as GIPS® Reports, which are available upon request by emailing Info@SouthAtlanticCap.com or by calling (910) 763-4113.

ACA Global

South Atlantic Capital retains ACA to provide compliance advisory services, policy and procedure development and risk analysis. ACA works with us in a hands-on way to assist in all aspects of compliance including development of proper disclosure language, rules interpretations and application, policy and procedures development, books and records maintenance and requirements, and interacting with Federal and State regulators.

Advent Software, Inc.

South Atlantic Capital retains Advent Software, Inc. for fully integrated data aggregation, data management, and performance reporting for client accounts. Advent Software, Inc. provides a robust software platform to confidentially monitor and track trading, tax reporting and performance for client accounts with multiple custodians on a daily basis. Clients have access to custodial accounts at all times.

Charles Schwab & Co., Inc.

Charles Schwab & Co., Inc. has been selected as South Atlantic Capital’s primary custodian. Clients may select another brokerage firm to affect transactions in the client’s accounts.

PSN

South Atlantic Capital retains 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, and is a division of Informa Investment Solutions, Inc. (IIS).