Business

‘Up-Rooting’ to Farragut: company moves local

Three Roots Capital is moving to Farragut.

Grady Vanderhoofven, president and CEO, said the business hopes to move from its current site at 10426 Jackson Oaks Way, near Christian Brothers Automotive off Kingston Pike, to a new building at 12640 Kingston Pike, located beside Way Station Trail and across the street from SouthEast Bank near Renaissance | Farragut late this week.

“The goal is to be in there on Aug. 17,” Vanderhoofven said. “We’re very happy (with the move),” he added. “It’s a great space.

“We will be able to grow there for a while. I think it’s likely we will eventually outgrow that space, but I think that will be a very comfortable, productive space for us to be in for a number of years.”

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Use ‘umbrella’ policy for a financial rainy day

Question: What is an umbrella insurance policy? Do I need one?

Answer: Think of umbrella insurance as extra protection for your savings and other assets. If you’re sued for damages that exceed the liability limits of your car insurance or homeowner’s insurance, for example, this type of policy kicks in. It’s low cost and virtually everyone with assets to protect needs one, in my opinion. Talk to your insurance agent for options.

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business briefs

• Lipsey Morrison Attorneys changed its name from Stone & Hinds, P.C. May 1, to reflect the firm’s current leadership. Steven Lipsey, Eric Morrison, Charles Waller and David Lipsey are the shareholders of Lipsey Morrison Attorneys.

• Renee McDermott, special agent in charge of the Federal Bureau of Investigation in East Tennessee, has been promoted to deputy assistant director of the FBI’s Training Division at the FBI Academy in Quantico, Virginia. McDermott has served as head of Knoxville’s field office since November 2016. She was the first female ever to lead the field office.

• Luke Romans has been appointed vice president/business banking officer of HomeTrust Bank in Bearden. He will be expanding business relationships in the Greater Knoxville area.

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