Independent investment advisory firm CapWealth Advisors today named Phoebe Venable president and chief operating officer. Venable, who holds the Chartered Financial Analyst designation and years of wealth management experience, was formerly a managing principal for the firm.

Tim Pagliara, the firm’s founder, will continue to serve as chairman and chief executive officer. Pagliara said he is excited to name Venable to the position and believes the firm and its clients will benefit greatly from her leadership.

“She has quickly proven her managerial and investment skills and has worked tirelessly and effectively to help our clients succeed,” Pagliara said in a statement.

CapWealth Advisors is a fee-based investment advisory firm that provides wealth management services to high net worth individuals and clients in Franklin, Tenn. The firm has $750 million in assets under management and was named by Barron’s this year as the top advisory in the state.