According to the U.S. Census Bureau, we have close to 19,000 local businesses in our Memphis community. These companies make up a significant portion of the local economy. The home-grown businesses in Memphis not only provide our community with a service or product, but they also contribute to the economy in several other meaningful ways: triggering employment and aiding community pride and development.
When local businesses are utilized, they are likely to help the local economy grow in two ways. First, when the business is taxed, the money stays local and is invested into the needs of the community. Secondly, local businesses tend to support other local businesses when purchasing supplies, services, or event needs. This creates a snow-balling cycle of local small business profits that get continuously reinvested into the local community and can help the Memphis economy thrive. When local companies are engaged by the community (in contrast with companies that are owned by people/entities in other areas) more of the money is recycled into the local economy as opposed to exiting, never-to-be-seen-again to the locale of the parent.
At Duncan Williams Asset Management we are a proud locally owned business that loves to support other local businesses, local nonprofits, and the local community with our business, with our dollars, and our time. The local business community is one that we are proud to be a part of and proud to support. It is important for all of us local Memphians to us to help drive business into the Memphis community and help our local economy cycle keep thriving.
David Scully
David Scully has over 20 years of experience in investment research and team management. As President, he oversees the company’s daily operations and implements its strategic objectives. David holds the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) designation. A graduate of the University of Georgia with a bachelor’s degree in economics, David is a proud Memphis native deeply committed to his community. He actively contributes to numerous organizations, holding leadership positions such as: • President, Board of Directors, Wolf River Conservancy • President, Board of Directors, Memphis Botanic Garden • Treasurer, Board of Directors, Assisi Foundation • Vice President, Board of Directors, Economic Club of Memphis • Member, Boards of Directors, University of Memphis Foundation, St. Agnes Academy, and CBHS Alumni Board David also serves on the Greater Memphis Chamber of Commerce’s Chairman’s Circle and Small Business Council. Previously, he was Treasurer for the University of Memphis Research Foundation Board and remains an engaged Young Presidents’ Organization (YPO) member. Beyond his professional and civic endeavors, David values his role as a husband to Michelle and father to their two daughters, Ruthie and Mae Carter. He is an enthusiastic coach who supports his daughters in basketball, soccer, and softball. Faith and family are central to David’s life, and the Scully family are active members of St. Peter Church.
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5350 Poplar Ave.
Suite 600
Memphis, TN 38119
