Steven F. Kennedy
Registered Principal, RJFS
Vice President, Towne Investment Group
One Old Oyster Point Road, Suite 310
Newport News, VA 23602
Steve began his career in the brokerage industry on Wall Street with Dean Witter Reynolds in 1985. Upon successful completion of the Wharton-sponsored training program, he practiced in Colorado Springs, Colorado. Since moving to Hampton Roads in 1983, his roles have changed from vice president in the Private Client Services division with the eighth largest bank in the country, to serving as the managing investment officer at a local credit union. In his current position as a stock broker and financial advisor, he has achieved membership in the Raymond James Leaders Council* from 2005 to 2012, and the Raymond James Chairman’s Council* from 2013 to the present.
Experience and Professional Licenses
|Towne Investment Group, Raymond James Financial Services, Inc.
|SunTrust Securities Inc./Crestar Securities Corp
||1999 – 2005
|Langley Federal Credit Union/FNIC
||1995 – 1999
|The Investment Center Inc.
|Davenport & Co LLC
|SWBC Investment Company/Securities Management & Research Inc.
||1990 – 1993
|National Securities Network Inc.
||1986 – 1990
|Dean Witter Reynolds Inc.
||1985 – 1986
Series 7: General Securities Representative
Series 24: General Securities Principal
Series 63: Uniform Securities Agent
Series 66: Uniform Combined Registered Investment Adviser
Life and Health Insurance
|Raymond James Chairman’s Council Member*
||2013 – Present|
|Raymond James Leader’s Council Member*
||2005 – 2012
#21 Top 50 Bank Advisors Bank Investment Consultant (2015)**
#11 Top 50 Bank Advisors Bank Investment Consultant (2014)**
#18 Top 20 Bank Advisors by Assets Under Management Bank Investment Consultant (2013)**
“Tooting His Own Horn” Bank Investment Consultant (2011)***
Dorsey, Wright & Associates’ Advance Point & Figure Institute
Wharton Institute of Executive Education’s Finance and Wealth Management Program
Organizations and Affiliations
Catholic Charities of Eastern Virginia, Donor/Volunteer
TowneBank Foundation, Donor
Virginia Symphony, Donor
York County Fire & Rescue, Donor
Wounded Warrior Project, Donor
*Membership is based on prior fiscal year production. Requalification is required annually.
**Bank Investment Consultant combines multiple variables into one composite score. The six categories we use are: (1) assets under management; (2) trailing-12 month production; (3) percentage increase in AUM from the previous year: (4) percentage increase in T-12 production; (5) amount of fee business; and (6) the ratio of production-per-AUM. (Note: We defined 2015 AUM as the amount an advisor had as of Aug. 31, 2015. Likewise, for T-12 production, we used the 12-month production, we used the 12-month period ending Aug. 31, 2015.) We ranked the nominees by each of the six categories and then calculated six different scores for each advisor based on where they ranked. Those six scores were used to compile the final list. This ranking may not be representative of any one client's experience and is not indicative of future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Bank Investment Consultant is not affiliated with Raymond James.
***This is not an award, but a mention of the associate in an article.