Pinnacle Financial Partners has been named the No. 7 best financial services firm to work for in the country, by FORTUNE and Great Place to Work®. This is the seventh consecutive year the firm made the list, moving up two spots from No. 9 in 2022. Earlier this year, the firm was ranked No. 24 on FORTUNE’S list of the 100 Best Companies to Work For.
“Our company is built on a philosophy of treating people well, and that starts with our associates,” said Terry Turner, Pinnacle’s president and CEO. “We follow a simple but powerful formula: We hire the best, give them the freedom to do their jobs, give them ownership of the company and their work and give them shared goals with shared rewards. We put associates first because we know that when they’re happy, they’ll make our clients even happier.”
This ranking is based on anonymous survey feedback from among 191,000 people working in the industry. Surveys examined more than 75 employee experience questions, including the extent to which they trust their leaders, the respect with which people are treated, fairness in workplace decisions and camaraderie amongst the team.
Pinnacle’s status as a great workplace is built on its internal culture, where associates, in Turner’s words, “look after each other” and offer that same treatment to clients. They are happy to go above and beyond, giving discretionary effort to clients and each other because every associate is literally an owner in the firm through restricted stock grants given to 100 percent of associates. Non-commissioned associates also receive annual cash incentives awarded for hitting firm-wide goals, not individual quotas.
As a result, Pinnacle associates give their firm high marks on the Great Place to Work survey. Results from 2022 show near unanimous support for key indicators of a company that can successfully attract and retain top talent.
- 97 percent agree that “people are encouraged to balance their work life and their personal life.”
- 95 percent agree that “people here are given a lot of responsibility.”
- 95 percent agree that “I receive a fair share of the profits.”
In addition to its own big win, a company partially owned by Pinnacle also earned accolades. BHG Financial ranked No. 28 on the list of large companies. BHG is a top source for seamlessly fast financial solutions, funding more than $16 billion in loans since 2001, and the creator of the largest community bank network in the country. BHG has more than 1,500 employees and is headquartered in Florida.
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2022 deposit data from the FDIC, is listed by Forbes as No. 27 among America’s Best Banks, higher than any other bank headquartered in Tennessee, North Carolina, South Carolina or Georgia. Pinnacle also earned a spot on the 2023 list of 100 Best Companies to Work For® in the U.S., its seventh consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 10 years in a row and No. 1 among banks with more than $11 billion in assets in 2022.
Pinnacle owns a 49 percent interest in BHG Financial, which provides innovative, hassle-free financial solutions to healthcare practitioners and other professionals. Great Place to Work and FORTUNE have listed BHG as a best workplace in multiple categories since 2016.
The firm began operations in a single location in downtown Nashville, TN, in October 2000 and has since grown to approximately $46.9 billion in assets as of June 30, 2023. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 17 primarily urban markets across the Southeast.
Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.
About The Fortune Best Workplaces in Financial Services & Insurance
Great Place To Work selected the 2023 Fortune Best Workplaces for Financial Services & Insurance by gathering and analyzing confidential survey responses from more than 191,000 employees from Great Place To Work Certified companies in the financial services and insurance industry. Company rankings are derived from 60 employee experience questions within the Great Place To Work Trust Index™ Survey. Great Place To Work determines its lists using its proprietary For All Methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study. In the last year, 1.3 million survey responses were received, representing the work experiences of more than 7.5 million employees.
About Great Place to Work®
As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified or receiving recognition on a coveted Best Workplaces™ List.
Follow Great Place To Work on LinkedIn, Twitter, and Instagram or visit greatplacetowork.com and sign up for the newsletter to learn more.
About FORTUNE
The FORTUNE mission is to change the world by making business better. We achieve that by providing trusted information, telling great stories, and building world-class communities. We measure performance by rigorous benchmarks. And we hold companies accountable. Our goal is to make Fortune a force for good through its second century and beyond. For more information, visit www.fortune.com.
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