Several financial advisors with more than $678 million in collective client assets will join Pinnacle Financial Partners, an affiliated branch of Raymond James Financial Institutions Division, the prominent broker/dealer announced today.
Scott Southerland, Jeff Cox, Mark Whitley and Josh Holby will have access to the full suite of investment products offered by Raymond James and will work with clients in Tennessee, North Carolina, South Carolina, Virginia and Georgia, according to Raymond James. Southerland works with clients in Winston-Salem, North Carolina, while Whitley and Holby will work out of Pinnacle’s new office in Charlotte. Prior to this, the duo worked at Wells Fargo Financial Advisors, managing $323 million in client assets.
Cox worked with Synovus Securities prior to moving to Raymond James, managing $176 million in assets; he’ll work out of Pinnacle’s office in Atlanta. He lauded Raymond James’ “wide variety of investment solutions” that he said help clients better achieve their objectives.
“The firm offers access to an abundance of research, not just for our new recommendations, but to keep tabs on our clients’ existing positions, such as changes in equity and bond ratings,” Cox said. “We have been impressed with how efficiently we can keep our clients up to date with the markets, their portfolios, and all of the applicable alternative investments.”
The group will join Pinnacle Asset Management, the wealth management arm of Pinnacle Financial Partners. The firm began in Nashville, Tenn. in 2000 and now totals about $29.3 billion in assets as of March of this year, and operates in 12 markets throughout Tennessee, Virginia, Georgia and the Carolinas. They’re affiliated with Raymond James Financial Institutions Division (FID), which was established by Raymond James in 1987 in order to provide full-service securities brokerage and advisory services to financial institutions. Tim Killgoar, a senior vice president and FID national director, welcomed the four advisors into the Raymond James fold.
“Pinnacle is a highly respected bank, and I’m proud of our outstanding 18-year relationship with them as we continue to attract experienced professionals who are looking for a partner that goes well beyond just brokerage - a full-service provider that offers the sophisticated, high-touch support to help meet clients’ evolving needs.”
Last month, Raymond James announced that a trio of advisors with $1.2 billion in client assets would join the firm from UBS. Jared Stricklin, Darryl Dunn and Robert Meeder announced they would join Raymond James along with financial planning consultants Alin Frentzen and Lucas Harris, as well as senior registered sales associates Deborah Doss and Wendy Jennings, operating out of Kansas City, Kan.
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