James Underwood, CFA

Senior Director,
Portfolio Management

Education & Other Highlights

Jim is a member of the Investment Committee and is based out of our Birmingham, AL office.

Jim joined CAPTRUST in 2020 from Welch Hornsby, an independent, fee-only investment advisory firm, where he served as chief portfolio strategist for more than 13 years. At CAPTRUST, he leads the Portfolio Management Team concentrating on the discretionary investment model strategies that encompass both wealth and institutional models.

His professional focus is on portfolio construction, investment communication, risk management, and performance attribution. He is an investment spokesperson for the firm both internally and externally and leads the team that implements the decisions of the Investment Committee into all discretionary model strategies.

He holds the Chartered Financial Analyst (CFA) designation and has been building comprehensive investment programs for institutional and high-net worth advisory clients for over twenty-five years.

Jim and his wife, Amy, are the parents of two children and are members of Church of the Highlands in Birmingham, Alabama.


  • Bachelor of Science degree in finance from Auburn University
  • Master of Business Administration degree from the University of Alabama at Birmingham

Industry Designations

  • Chartered Financial Analyst

Industry Involvement

  • Member—CFA Institute
  • Former Member—Investment Committee, United Way of Central Alabama
  • Former Member—Board of Directors, Children’s Harbor


The Emotional Values of a Dollar

We all know people who have made less-than-rational investment decisions, like pulling out of the stock market during a downturn or continuing to fund expensive repairs for a battered but beloved car.

No matter how sophisticated their investment knowledge, investors of all kinds are prone to make suboptimal choices, second-guess long-term decisions based on short-term occurrences, and lose sleep over investment portfolios. These are natural and understandable behaviors, but they’re rooted in a faulty assumption: that all dollars have equal value.

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