Pinnacle Asset Management Recruits Naples Advisory Team

A financial team managing $700 million in assets joins the Naples-based firm from Truist Investment Services.

Updated on Oct. 23, 2026 in Financial Planning

Pinnacle Asset Management Recruits Naples Advisory Team

Live Poll

Do you believe switching your financial advisor leads to better management of your personal assets?

Pinnacle Asset Management has successfully recruited a financial advisory team from Truist Investment Services. The team, which operates as Brown, Taylor, Shaw & Associates, manages $700 million in client assets for individuals across Southwest Florida.

Why it matters

This move strengthens the presence of Pinnacle Asset Management in the region by integrating a team with deep local ties. The transition highlights the ongoing consolidation within the financial advisory industry as teams move between major service providers.

The recruited team manages $700 million in total client assets. Pinnacle Asset Management, founded in 2000, has been an affiliate of the Raymond James Financial Institutions Division since 2020.

The players

Darrell Brown

A financial advisor who previously worked at SunTrust and now leads the transition as part of Brown, Taylor, Shaw & Associates.

Pinnacle Asset Management

A financial firm founded in 2000 that serves as an affiliate of the Raymond James Financial Institutions Division.

Truist Investment Services

A financial services institution from which the advisory team departed to join Pinnacle Asset Management.

The details

The team members Darrell Brown, Mark Taylor, and Jonathan Shaw bring their experience from their time at SunTrust to their new firm. They are joined in the transition by client service associate Erin Powers-Westendorf, maintaining their operational focus in Naples.

1987: Raymond James established its Financial Institutions Division.
1998: Darrell Brown started his career at SunTrust.
2000: Pinnacle Asset Management was founded.
2007: Mark Taylor joined SunTrust.
2012: Jonathan Shaw joined SunTrust.

Market Dynamics

This recruitment reflects the ongoing competition between major brokerage firms and independent affiliates for established advisory teams. By aligning with the Raymond James Financial Institutions Division, Pinnacle Asset Management positions itself to capture greater market share in Southwest Florida.

Clients of the former Truist team should expect changes to their account administration and administrative paperwork during the transition to Pinnacle Asset Management. Investors should verify that their current wealth management strategy remains aligned with their long-term savings goals.

The takeaway

When your financial advisors move firms, take the opportunity to review your current investment portfolio and service fees. Ensure that your new advisory agreement explicitly outlines all management costs and investment objectives.