Phil established Minneapolis Portfolio Management Group in 1995. He served as Senior Portfolio Strategist for MPMG at Wachovia Securities and was a Senior Portfolio Management Director at Salomon Smith Barney. Phil continues to contribute to MPMG as Senior Portfolio Manger.

Prior to MPMG, he managed equity and balanced portfolios at Dean Witter Reynolds, where he also served as director of the institutional and retail municipal bond departments and assistant branch manager in Minneapolis, Minnesota. Phil oversaw portfolios at EF Hutton & Co., Bache Halsey Stuart and EI DuPont & Co.

In 1966, Phil was admitted as an Allied Member of the New York Stock Exchange with Loewi & Co., of which he was a principal. He began his career at Piper Jaffray & Hopwood. Mr. Grodnick is a graduate of the University of Minnesota and the New York Institute of Finance.

Phil and his wife are avid supporters of the Animal Humane Society and St. Jude, and they delight in activities such as golf, tennis, and cherishing moments with their beloved dog.