Many of the best wealth advisors in Tennessee are from Williamson County, according to an annual ranking from Forbes released last month.

Five of the top 10 wealth managers, as ranked by the magazine, live in Williamson County. In total, 17 people from Williamson County made it on to the list of the top 73 advisors in the state.

The magazine uses in-person interviews, industry experience, compliance records, revenue and assets under management to rank wealth advisors.

According to a press release from Premier Wealth Management in Brentwood, whose president Michael Comstock also made it on the list, Forbes considered 30,000 advisors and listed about 3,500.

Tim Pagliara of CapWealth Advisors in Franklin came in at number three on the list. He said under the current methodology one of the biggest factors is simply the amount of money an advisor manages.

“It’s really just a size matters thing, now,” he said. “The biggest firms are going to dominate.”

That’s part of the reason that Williamson County advisors made it to the top of the list. There’s a lot of wealth to manage.

Pagliara said he was proud to be on the list in part because his firm doesn’t have an office in New York or California. According to the Forbes list typical accounts at CapWealth Advisors ranges from $1 million to $30 million.

Many of the advisors on the Forbes list are associated with large investment banks like UBS Financial Services or Merrill Lynch.

At 23, Nashville has by far the highest number of wealth advisors on the list. Pagliara said big banks typically have offices in downtown Nashville, but some are starting to move into Williamson County.

Barron’s releases a similar list each year, but has not announced results for 2019.

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