Pinnacle Asset Management's James Hare Named No. 1 Bank Advisor in the U.S.
Two other Pinnacle associates make Top 100 list from Bank Investment Consultant
James Hare is the top bank advisor in the United States, having earned the No. 1 spot on Bank Investment Consultant magazine’s list of the Top 100 Bank Advisors. Hare has appeared on the list for several years, but this is the first time he has topped it.
Pinnacle associates Brock Kidd (No. 3) and Brick Sturgeon (No. 62) also earned spots on the magazine’s annual ranking.
“Top financial researchers and publications consistently rank members of our investment team among the best in the country,” Pinnacle Chairman Rob McCabe said. “They use objective statistics to determine who’s on top, but it all comes down to service and advice. Jamie and the rest of the team are skilled advisors with a deep well of experience and expertise. They are successful because they care about their clients’ financial objectives and help them achieve their goals.”
The magazine evaluated the honorees on several variables, including assets under management, trailing 12-month production, asset growth, amount of fee business, growth in production and production-per-assets. Re-qualification is required annually.*
Hare joined Pinnacle Asset Management in 2007 from Bank of America. He manages a portfolio of $320 million serving around 50 families in Tennessee. In his time at Pinnacle, he has earned numerous accolades and honors, including being named the Best-In-State Wealth Advisor** for Tennessee by Forbes earlier this year.
This is the second year in a row that a Pinnacle associate has been No. 1 on this list – Kidd held that spot last year. He is a co-founder of Pinnacle Asset Management in 2000, and all three of these Pinnacle associates are also financial consultants for Raymond James Financial Services.
Pinnacle Asset Management is Pinnacle’s unit for investment management and securities trading and execution. Bank Investment Consultant is the industry leader in readership and relevance among bank-based financial advisors.
The team at Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The company earned a place on FORTUNE’s 2017 and 2018 lists of the 100 Best Companies to Work For in the U.S., and American Banker recognized Pinnacle as one of America’s Best Banks to Work For six years in a row.
The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $24.6 billion in assets as of Sept. 30, 2018. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 11 primarily urban markets in Tennessee, the Carolinas and Virginia.
Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.
About Raymond James Financial Services, Inc.
Raymond James Financial Services, Inc., is a financial services firm supporting more than 7,500 independent financial advisors nationwide. Since 1974, Raymond James Financial Services, Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 7,500 financial advisors in 3,000
locations throughout the United States, Canada and overseas. Total client assets are approximately $727 billion.
About the Financial Institutions Division of RJFS
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.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Pinnacle Financial Partners, Pinnacle Asset Management and Pinnacle Bank are not registered broker/dealers and are independent of Raymond James Financial Services. Located at 150 3rd Avenue South, Nashville, TN, 37201, (615) 690-1417.
*To compile the list, multiple variables were combined into one composite score. The six categories used are: (1) assets under management; (2) trailing-12 month production; (3) percentage increase in AUM from the previous year; (4) percentage increase in T-12 production; (5) amount of fee business; and (6) the ratio of production-per-AUM. (Note: 2015 AUM was defined as the amount an advisor had as of Aug. 31, 2016. Likewise, for T-12 production, the 12-month period ending Aug. 31, 2016 was used.) The nominees were ranked by each of the six categories and then six different scores were calculated based on where they ranked. Those six scores were used to compile the final list. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. BIC is not affiliated with Raymond James.
**The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weighs factors like revenue trends, AUM, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of 21,138 advisors nominated by their firms, 2,213 received the award. Neither Forbes nor SHOOK receive a fee in exchange for rankings. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its financial advisors or RIA firms pay a fee in exchange for this award/rating.
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