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Rakestraw Named to 2020 Financial Times 400 Top Financial Advisers

Release Date: 4/16/2020

April 16, 2020 – David Rakestraw is pleased to announce he has been named to the 2020 edition of the Financial Times 400 Top Financial Advisers. The list recognizes top financial advisers at national, independent, regional and bank broker-dealers from across the U.S.

This is the eighth annual FT 400 list, produced independently by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times. Ignites Research provides business intelligence on investment management.

Financial advisers from across the brokerage industry applied for consideration, having met a set of minimum requirements. The applicants were then graded on six criteria: assets under management (AUM); AUM growth rate; experience; advanced industry credentials; online accessibility; and compliance records. There are no fees or other considerations required of advisers who apply for the FT 400.

The final FT 400 represents an impressive cohort of elite advisers, as the “average” adviser in this year’s FT 400 has over 28 years of experience and manages over $1.9 billion in assets. The FT 400 advisers hail from 44 states and Washington, D.C.

The FT 400 is one in a series of rankings of top advisers by the Financial Times, including the FT 300 (independent RIA firms) and the FT 401 (DC retirement plan advisers).

The Financial Times 400 Top Financial Advisors is an independent listing produced annually by Ignites Research, a division of Money-Media Inc., on behalf of the Financial Times (April 2020). The FT 400 is based on data gathered from advisors, broker-dealer home offices, regulatory disclosures, and the FT’s research. The listing reflects each advisor’s status in six primary areas: assets under management (AUM), asset growth, compliance record, experience, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of this advisor’s future performance. Neither the brokerages nor the advisors pay a fee to the Financial Times in exchange for inclusion in the FT 400.

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Scott & Stringfellow Founded in 1893, Richmond-based BB&T Scott & Stringfellow is a division of BB&T Securities LLC, member FINRA/SIPC. BB&T Securities LLC, is a full-service regional brokerage and financial services firm with 60 offices in Virginia, West Virginia, Kentucky, Tennessee, North Carolina, South Carolina, Maryland, Pennsylvania, Alabama, Georgia, Texas and Florida. It is a wholly owned subsidiary of Truist Financial Corporation. BB&T Securities LLC, employs more than 1,000 people, including more than 275 financial advisors. For more information visit our website: BBTScottStringfellow.com.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 10 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $473 billion as of Dec. 31, 2019. Truist Bank, Member FDIC. Learn more at Truist.com.