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William ALLEN


1930 - 2018 Obituary Condolences
William ALLEN Obituary
ALLEN, William B. William B. Allen died at 87 on June 8, 2018, after several years of declining health. His warmth and generosity of spirit will be missed by his family and his wide circle of friends. A resident of Atlanta for more than 50 years, Bill is survived by his wife Barbara, daughters Vickie Freeman and Missy McKinney, sons-in-law James Freeman and Scott McKinney, and six extraordinary grandchildren, who miss him greatly. Born in Suffolk, Virginia in 1930, Bill attended high school there before matriculating at Virginia Tech, where he graduated with a BS in Business Administration. Though he never returned to live in Suffolk, he maintained close ties with friends there throughout his life. After college he served as a gunnery officer in the U.S. Army. Upon completing military service in 1955, he joined the Wall Street firm of Salomon Brothers. After growing up in a small southern town, he enjoyed Manhattan in the heady atmosphere of a growing investment industry. The responsibility of entertaining visiting clients of the firm often fell to Bill and he saw Hello Dolly and Damn Yankees too many times to count. He also became a Salomon partner. In 1965, recognizing the growth potential in the south, he proposed opening Salomon's first branch office in Atlanta. As the manager and later general partner in the new office, he led its development. During these years, Bill served as President of the Georgia Securities Association and as Georgia State Chairman of the U.S. Olympic Committee. He was also a trustee for the Georgia Federation of Independent Colleges. In 1977 he left Salomon Brothers to become a managing director of Merrill Lynch. He assisted in the establishment of the firm's Corporate Financial Services unit and later became managing director of the Southeastern Institutional Capital Markets Group. In 1983 Bill left Merrill Lynch to form Acorn Financial to provide investment services. In 1990 he formed Acorn Capital Group to offer broader capital investment services for corporate clients. He continued to be active in financial management for many years. All those who knew him will miss his sound advice and his good cheer. If friends would like to attend a memorial gathering on Friday, please contact the family at [email protected]
Published in The Atlanta Journal-Constitution on June 13, 2018
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