Raymond James Financial Institutions Division welcomes Pinnacle Financial Partners team managing nearly $1 billion
ST. PETERSBURG, Fla. – Raymond James Financial Institutions Division (FID) recently welcomed a team of five financial advisors and four branch professionals to Pinnacle Asset Management, located at Pinnacle Financial Partners, a current FID-affiliated branch, according to Stephen Kruchten, senior vice president and FID national director. Through this new alignment, they will offer clients financial planning and wealth management services through Raymond James Financial Services, Inc.
Operating as part of Pinnacle's new Ponte Vedra, Florida office, The Horizon Group arrives from Truist, where they managed approximately $947 million in client assets. The team’s advisors include Christopher Sivley, CFP®, Matt Turner, CFP®, CIMA®, Melissa Churchwell, CFP®, CIMA®, Jamie Rowell, CFP® and Wesley Thomas, CFP®. They are joined by client services manager Amber Bennett and client relationship consultants Brad Melvin, Nick Gillespie and Marlo Thomas-Bailey.
"Our team is thrilled to join Raymond James and Pinnacle Asset Management, both of which have consistently demonstrated top-tier performance within the financial services industry. Their pronounced commitment to service and client dedication aligns perfectly with the high expectations we set for ourselves at The Horizon Group," said Turner. "Ultimately, our team's decision was driven by a multitude of potential benefits for our practice and clients, including access to leading-edge technology, robust product offerings and steadfast focus on high-net-worth financial planning."
"It is a great pleasure to welcome such a quality, client-focused advisor team to Pinnacle Asset Management and our Financial Institutions Division. We trust that this transition will have a measurable impact on their practice and clients," said Oliver Mansour, South division director of FID. "Through strategic partnerships with financial institutions, the Raymond James platform is able to empower the growth of advisors' practices and the investment program as a whole by enhancing the client experience through access to sophisticated capabilities."
Pinnacle Asset Management is a division of Pinnacle Financial Partners. Its financial associates are affiliated with Raymond James Financial Services, Inc., to provide advice and services to businesses and individuals with significant investment needs. Advisors have access to the full suite of investment products offered by Raymond James and serve clients from offices across Pinnacle's footprint, including Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia.
About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.
About Raymond James Financial Services
Raymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), one of the nation's premier diversified financial services companies with approximately 8,800 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.41 trillion as of Apr. 30, 2024. Additional information is available at raymondjames.com.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Pinnacle Bank and Trust and Pinnacle Asset Management are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investments & Wealth Institute™ (The Institute) is the owner of the certification marks "CIMA" and "Certified Investment Management Analyst." Use of CIMA and/or Certified Investment Management Analyst signifies that the user has successfully completed The Institute's initial and ongoing credentialing requirements for investment management professionals.