Raymond James Adds $700 Million Florida Advisory Team to Pinnacle Asset Management
Updated
Updated · Pulse 2.0 · Oct 24
Raymond James Adds $700 Million Florida Advisory Team to Pinnacle Asset Management
2 articles · Updated · Pulse 2.0 · Oct 24
Summary
Brown, Taylor, Shaw & Associates joined Pinnacle Asset Management through Raymond James’ Financial Institutions Division, bringing about $700 million in client assets from Truist Investment Services.
The Naples-based team will keep serving Southwest Florida clients while using Raymond James Financial Services for brokerage, advisory and wealth-management support inside Pinnacle’s investment program.
Raymond James said the move expands Pinnacle Asset Management’s presence in Southwest Florida and gives the advisors access to its products, research, technology and operational infrastructure.
The addition comes as Pinnacle Financial Partners, a $123 billion-asset regional bank that combined with Synovus in 2026, broadens its footprint across the Southeast.
Raymond James’ bank-focused Financial Institutions Division, launched in 1987, is adding the team against a backdrop of roughly $1.97 trillion in total client assets at the firm as of Aug. 31, 2026.