New alliance offers clients access to wealth management and trust expertise
Pinnacle Wealth, a newly formed registered investment advisor, and Argent Financial Group, a leading independent fiduciary wealth management firm, today announced a strategic partnership to deliver fiduciary-based wealth management and trust services to individuals, families, businesses, nonprofits and philanthropic organizations.
Pinnacle Wealth is led by Martin Palomo, president and chief investment officer; Carol Brock, chief operating officer and chief compliance officer; Cris Dockery, director of corporate retirement plans; and Reid Davis, senior investment director and senior wealth management advisor. These principals acquired Pinnacle Wealth from Pinnacle Holdings LLC and engaged Argent Financial Group as part of that transaction.
“Martin, Carol, Cris and Reid exemplify what it means to act as a fiduciary and to deliver exceptional service and results for clients,” said Argent Financial Group CEO Kyle McDonald. “Their proven track record, commitment to excellence and ability to design unique, customized solutions are exactly what we look for in a wealth management partner. This collaboration reinforces Argent’s commitment to the Mississippi market, and we look forward to a long and prosperous relationship with Pinnacle Wealth’s professional staff and valued clients.”
“In Argent, we found exactly the right company and group of leaders who share our values, work ethic and dedication to client satisfaction,” said Palomo. “We are excited to team with Kyle and Argent Financial Group and help our clients protect and grow their wealth for their families and future generations.”
With this relationship, Pinnacle Wealth’s clients will continue to be served by the existing Pinnacle Wealth professional staff. In addition, those clients will have access to Argent Financial Group’s vast network of experts and broad range of wealth management services, including trusts and estate planning, investment management, ESOPs, retirement plan administration and consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services.
To provide continuity for trust services, Argent Trust Company, the largest independent full-service trust company in the South, may serve as trustee for certain clients of Pinnacle Wealth. Argent Trust Vice President and Trust Officer David Russell will serve as lead relationship manager for these trust clients. Russell, who opened Argent’s Ridgeland office, spent 17 years with Pinnacle Trust where he served as senior vice president and trust officer.
To enhance coordination of services, Argent’s Ridgeland office and Pinnacle Wealth plan to move to a shared office space later this year.
About Pinnacle Wealth
Pinnacle Wealth (Pinnacle) is an independent, fiduciary wealth management firm headquartered in Madison, Mississippi. Pinnacle is responsible for more than $550 million in client assets composed of individuals, families, business, and institutions mostly in the Southeast. Pinnacle was originally formed in 1997 as an independent trust company but converted to a SEC registered investment advisor firm in 2020. For more information, visit www.mypinnwealth.com.
About Argent Financial Group
Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $35 billion in client assets, Argent provides individuals, families, businesses, and institutions with a broad range of wealth management services, including trusts and estate planning, investment management, ESOPs, retirement plan administration and consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930. For more information, visit www.ArgentFinancial.com.