Raymond James adds Tennessee team managing $832 million

Raymond James adds Tennessee team managing $832 million
The nine-member group, which will do business as Fountain Financial Group, had been affiliated with First Horizon Advisors.
JAN 04, 2023

A group in Tennessee that managed $832 million has affiliated with Raymond James Financial Institutions Division through Pinnacle Asset Management, the wealth management arm of Pinnacle Financial Partners, which is affiliated with Raymond James through the financial institutions division.

The nine-member team, which is based in Memphis, Tennessee, and will do business as Fountain Financial Group, was previously affiliated with First Horizon Advisors.

Fountain Financial includes advisors Eric Fountain, Ben Nicol, Todd Ruston, Zach Wiggs and Wendy Fuller VanCleve. Paige Williams, a CPA, and three staffers are also making the move to Raymond James.

‘IN the Nasdaq’ with Gregg Fisher, small-cap portfolio manager at Quent Capital

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.