Pinnacle Asset Management Leader Gary Collier Named #1 Program Manager in the Country
Bank Investment Consultant magazine has named branch manager Gary Collier No. 1 nationwide among the top managers of investment services programs at banks and credit unions. He has appeared on the list several times before, but this is his first time to earn the top spot.
“Gary is a skilled leader who has helped build our investment management program into one of the best in the country,” said Rob McCabe, Pinnacle chairman and investment executive. “He leads his team with a culture of service and focusing on clients above all else. He strives to recruit and hire top financial advisors in the industry to expand our reach and help ensure clients always get the very best. We are proud of his achievement and his leadership of our program.”
The list features well-rounded professionals and looked at several criteria that show growth and efficiency. These include the number of advisors they oversee, team assets under management (AUM), annual team production, percentage growth in AUM, percentage growth in production and production per advisor.*
Collier has nearly 30 years of experience in investment management and started at Pinnacle in 2009. His team at Pinnacle Asset Management 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 Financial Services, Inc.
Bank Investment Consultant is the industry leader in readership and relevance among bank-based financial advisors. Earlier this year, the publication named four Pinnacle Asset Management financial consultants to its list of the Top 100 Bank Advisors in the U.S.** Brock Kidd earned the No. 1 rank with Jamie Hare at No. 20, Brick Sturgeon at No. 47 and Barry Moody at No. 62.
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 the sixth-best bank to work for in 2017.
The company began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $22.9 billion in assets as of March 31, 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 $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 used and combined into a weighted average. Specifically, six factors were used: (1) total team assets under management; (2) growth of team assets; (3) growth of team annual production; (4) average production per advisor; (5) number of full-time advisors the program manager directly supervises; and (6) number of licensed branch employees (LBE) under their supervision. The number of LBEs didn't get as much weight as the other variables. Also, in some cases, estimates of production-per-advisor were used by dividing team production by the average number of advisors year-over-year. 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.
**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.
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