Ex-Wells Fargo Trio With $260M AUM Joins Raymond James In Greensboro, N.C.

A former Wells Fargo team in Greensboro, N.C., that managed more than $260 million in client assets has joined Raymond James Financial Institutions Division (FID) and Pinnacle Asset Management, the wealth management arm of Pinnacle Financial Partners and a FID-affiliated branch, according to a news release.

Financial advisors Tracy Cottingham, Steve Brackman and Jeff Chesson, along with registered sales assistant Angela Dodson operate as Capstone Investment Partners.

Cottingham said they were looking for a firm that shares their core values and culture, and they found that in Raymond James. “The firm puts clients first and offers an abundance of resources available at our fingertips. Their cutting-edge technology and in-house marketing team exceeded all of our expectations. We look forward to growing our practice and expanding in the North Carolina area,” he said in a statement.

Cottingham, who has more than 21 years of financial industry experience, joins Pinnacle Financial Partners as a senior vice president. He began his career as an advisor at Merrill Lynch in 1999 and then served clients at Wells Fargo Advisors for 13 years.

Brackman joins Pinnacle Financial Partners as a senior vice president. He began his career at Edward Jones in 2012 before joining Wells Fargo Advisors in 2014. Chesson, who began his career as a private banker at Wells Fargo Advisors in 2005 and moved into a financial advisor role in 2016, joins as a senior vice president.

Pinnacle Asset Management’s advisors work through Raymond James Financial Services Inc. to provide advice and services to businesses and individuals with investment and wealth management needs. They have access to the full suite of investment products offered by Raymond James and serve clients from offices in Tennessee, North Carolina, South Carolina, Virginia and Georgia, the press release noted.

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.