At a glance
- Darrell Brown, Mark Taylor and Jonathan Shaw operate as Brown, Taylor, Shaw & Associates; Erin Powers-Westendorf moves with them.
- The team's $700 million in client assets equals about $233 million per advisor across three advisors.
- For clients across Southwest Florida, the platform behind the relationship changes from Truist's bank program to Pinnacle Asset Management's Raymond James-powered platform.
Pinnacle Asset Management recruited a Naples, Fla., team that managed $700 million in client assets at Truist Investment Services, adding three advisors and a client-service associate, according to Financial Advisor Magazine. Darrell Brown, Mark Taylor and Jonathan Shaw operate as Brown, Taylor, Shaw & Associates; Erin Powers-Westendorf moves with them.
The team's $700 million in client assets equals about $233 million per advisor across three advisors. All three advisors came to Truist through SunTrust Investment Services before the merger that created Truist. Brown started at SunTrust in 1998, Taylor in 2007 and Shaw in 2012, giving the group at least 14 years with the combined firm. The report did not disclose how much of the book has moved or the transition terms.
For clients across Southwest Florida, the platform behind the relationship changes from Truist's bank program to Pinnacle Asset Management's Raymond James-powered platform. Pinnacle Asset Management is the wealth management arm of Pinnacle Financial Partners and an affiliate of Raymond James's Financial Institutions Division; Raymond James set up FID in 1987 and Pinnacle joined it in 2020.
The move follows other platform changes in Naples: Rockefeller added a Naples group earlier this month.
Reported by the Moves desk from Financial Advisor Magazine and PWD archive. Published . Corrections