CapWealth Founder, Chairman and CEO Pagliara has been selected as 2016’s top wealth manager in the state for the fifth consecutive year and among the nation’s best 1,200 financial and investment advisors for the seventh time in eight years.
Middle Tennessee-based wealth manager Tim Pagliara, chairman and CEO of independent registered investment advisory firm CapWealth, has been named the best financial advisor in the state of Tennessee by Barron’s magazine. The announcement marks the fifth consecutive year that Pagliara has earned the top spot in the state (2012, 2013, 2014, 2015, 2016) and the seventh year in the last eight (2009, 2010, 2012, 2013, 2014, 2015, 2016) that he has made the national “Top 1,200 Advisors” list published annually by the financial industry magazine. The rankings are based on data provided by over 4,000 of the nation’s most productive advisors and factors include assets under management, revenue generated by the firm’s advisors, regulatory history, quality of practice and philanthropic work.
“My firm and I are certainly honored by the Barron’s ranking,” Pagliara said. “It affirms our simple but powerful business model—building wealth management solutions that clients can understand, designed to meet the challenges they face in an uncertain world. Periods of market volatility as we’ve recently experienced makes an advisor’s job more difficult, but I would argue that’s when the work we do is most essential. We’re grateful to have an organization like Barron’s that recognizes firms such as ours for their achievements. And as always, this distinction is a reminder of what a privilege and a pleasure it is to serve our clients and the Middle Tennessee community.”
Pagliara started his firm in 2000 after nearly 20 years in the financial industry with the goal of serving clients better in two distinct ways: the exclusive use of market-traded securities and an emphasis on accountability and transparency. CapWealth practices Sophisticated Simplicity™, the art of thoroughly understanding a complicated global markets landscape and boiling it down to high-quality, straightforward investment ideas. To provide clients with a clear understanding of their returns and costs, the firm relies upon Provable Integrity™, a proprietary tracking and reporting system utilizing state-of-the-art data-aggregation technology and compliance with the rigorous standards of the Global Investment Performance Standards (GIPS). As a result, CapWealth specializes in preserving, growing and distributing assets over its clients’ lifetimes, backed by performance that can be proven to an auditable certainty.
The Barron’s honors are the latest in a series of distinctions for the CapWealth firm. In the past two years, CapWealth’ President and COO Phoebe Venable was named one of the top 100 women financial advisors in the United States by The Financial Times newspaper while the firm was named by The Financial Times as one of the top 300 registered investment advisories in the United States.
An excerpt from the Barron’s feature:
Pagliara recalls a time when he could generate $50,000 in annual returns on $500,000 in principal “in my sleep.” But now, he says, we’re a long way from his early-career days in the ‘80s. “Now, to create $50,000 in the same carefree, low-risk, low-volatility way, someone needs $5 million—and even that might not be enough.” In order to generate returns in the current environment, investors need to be able to stomach some volatility. To minimize it, Pagliara, 58, focuses on boring stocks that he believe have “plenty of runway”—the ability to raise revenues and dividends and improve margins. He also likes investments that are connected. For example, he likes Amazon.com for its revenue growth. He also likes Level 3 Communications, WestRock, and UPS, all of which play a role in helping Amazon fulfill customer purchases. On another front, he believes that the steep drop in oil prices ultimately will prove a net positive for the economy, with lower gas prices acting as a “huge tax cut.”
Tim emailed his team early this morning about the news, thanking all them for their efforts. He also thanks all of his clients for their trust and perseverance. We think we speak for both the staff and our clients when we say we have a great captain in Tim Pagliara!