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David Rakestraw

David W. Rakestraw, CFP®
Senior Managing Director Financial Advisor Private Client Group Truist Investment Services, Inc.
The Lighthouse Group of Truist Investment Services, Inc.

Raleigh

3605 Glenwood Ave,

Suite 400,

Raleigh, NC 27612-3908

David.Rakestraw@Truist.com

Phone (919)-571-8309

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About me

Background

In leading The Lighthouse Group of Truist Investment Services, Inc., David Rakestraw has built a successful family office practice working with multigenerational families on complex estate, tax1, and business succession planning; inclusive risk management; and designing tailored investment management solutions after liquidity events. Beyond the traditional approaches, their team can surround your family to complement other advisors in providing advice and guidance.

Investment Adviser Representative, Truist Advisory Services, Inc.

1Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

Check the background of this investment professional on FINRA's BrokerCheck

Education

Masters in Business Administration
Campbell University 2003
Bachelor of Business Administration, Trust and Investment Management
Campbell University 2004

Personal Interests

David served as an adjunct professor of corporate finance at the Lundy-Fetterman School of Business, Campbell University. David and his wife, Mary Whitney, are active members of their church and have three children, Caroline, Anderson, and Mallie.

Specialties

  • Cash-flow forecasting, business planning, asset accumulation strategies, savings and tax planning, executive compensation, retirement distributions

  • Innovative, customized risk management strategies and solutions in partnership with McGriff and Truist Life Insurance Services, designed to protect every facet of your assets and income.

  • Market strategy insights, strategic and tactical asset allocation guidance, open-architecture investing platform, long-term investment strategies, alternative investments, private equity and debt offerings, and more

  • Wills; trust, estate, gift, wealth transfer, and generation-skipping tax planning; estate administration and settlement; and more

  • Philanthropic strategies, charitable structure evaluation, private foundations and grant management, donor advised funds

  • Exclusive educational events, whitepapers, articles, podcasts, legacy planning, next-generation education

  • Top-notch service delivery and support for the private banking and/or wealth needs of business owners.

  • Market strategy insights, strategic and tactical asset allocation guidance, open-architecture investing platform, long-term investment strategies, alternative investments, private equity and debt offerings, and more

Accomplishments

Top 1200 Financial Advisors***
Barron's 2022
Best-In-State Wealth Advisors*
Forbes 2022
Best-In-State Wealth Advisors*
Forbes 2021
Top Next-Gen Advisors*
Forbes 2020
Top 400 Advisors in the United States**
The Financial Times 2020
Top 400 Advisors in the United States**
The Financial Times 2019
*Each advisor is chosen by SHOOK Research based on an algorithm of qualitative and quantitative criteria, including: In-person interviews, industry experience, compliance records, revenue produced & assets under management. The award was presented for the years shown above and is based on the aforementioned criteria through the calendar year preceding the award date.

**Financial Times rankings are based on assets under management (AUM), AUM growth rate, years of experience, compliance record, industry certifications and online accessibility. The award was presented for the years shown above and is based on the aforementioned criteria through the calendar year preceding the award date.

***Barron’s rankings are based on assets under management, revenues generated by advisors for their firms, and the quality of the advisor’s practices. The award was presented for the years shown above and is based on the aforementioned criteria through the calendar year preceding the award date.

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