Zephyr Financial Solutions

Quarterly rankings identify best-in-class separate accounts, managed accounts and managed ETF strategies

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Showcase Your Products in PSN

PSN Top Guns is a quarterly ranking of the top performing managers that contribute data to PSN's database. For over 40 years PSN has been an invaluable resource to asset managers and wealth managers, financial advisors, trust professionals, market analysts, investment researchers and more. PSN strives to deliver its users with the most accurate and up to data managed and separately managed account data. With 20 years of Top Guns and 40 years as an SMA database, being awarded a PSN Top Guns award carries weight throughout the entire financial services industry.

Winners from each quarter who meet the criteria to win a Top Guns award gain the ability to showcase their award-winning products wherever applicable. It's okay to gloat! PSN is offering Top Guns winners two packages to assist in promoting award winning products. Between the Top Guns Promoter Package and the Top Guns Market Intelligence Package, PSN Top Guns winners gain exposure, promotional opportunities and access to exclusive content on SMAs. Learn more below.

PSN Top Guns Criteria


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20 Years of Top Guns


The PSN Top Guns award has been a hallmark of excellence in the managed account industry for over 20 years. Originally comprised of 6 different categories, the award has expanded to include Bull & Bear Masters as well as a Manager of the Decade which awards managers who have outperformed their relative Benchmark for the last Ten Years. The Top Guns awards incorporate some of the most stringent quantitative screens used by any broad industry award taking into account a manager’s correlation to its style benchmark, performance relative to the benchmark and risk relative to its peer group. Additionally, all firms considered for Top Guns must claim to be GIPS compliant.

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Recent Press Releases

Zephyr Releases PSN Top Guns List for Q3 2025, Highlighting Best-In-Class Separate Accounts, Managed Accounts and Managed ETF Strategies

Zephyr Releases PSN Top Guns List for Q2 2025, Highlighting Best-In-Class Separate Accounts, Managed Accounts and Managed ETF Strategies

Zephyr Releases PSN Top Guns List for Q1 2025, Highlighting Best-In-Class Separate Accounts, Managed Accounts and Managed ETF Strategies

Zephyr Releases PSN Top Guns Managers of the Decade 2024 Showcasing High Performing SMAs Over a 10-Year Period

Previous Top Guns Winners

PSN Top Guns Winners

Financial Trust Asset Management named to PSN Top Guns List of Best Performing Strategies for Q3 2025

BOCA RATON, Fla., Dec. 12, 2025 /PRNewswire/ -- Financial Trust Asset Management announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q3 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

PSN Top Guns Winners

Affinity Investment Advisors Named to PSN Top Guns List of Best Performing Strategies for Q1 2025

Newport Beach, CA —April 19, 2024 — Affinity Investment Advisors, LLC announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q1 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

AMG National Trust

Manager of the Decade in PSN Small-Mid Value Universe

AMG Capital Management’s (ACM) Small and Mid Cap Portfolio Strategy has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q4 2024, including Manager of the Decade in the Small-Mid Value Universe.

PNC Capital Advisors

PNC Capital Advisors' Core and Core Plus Strategies Earn PSN Six Star Top Guns Awards

PNC Capital Advisors’ Core and Core Plus strategies have been awarded PSN’s Top Guns Award for the five-year period ended December 31, 2022. This award list, published by Zephyr, highlights top-performing separately managed account strategies, distilled through rigorous performance-based selection criteria.

Academy Asset Management

Academy Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q1 2025

NEW YORK--(BUSINESS WIRE)--Academy Asset Management (“AAM”) announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q1 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

PSN Top Guns Winners

Cardinal Capital’s Small-Mid Cap Core Strategy Earns 1-Year Top Gun Award from Zephyr

Raleigh, NC – May 20, 2025 – Cardinal Capital Management, Inc. proudly announces that its U.S. Small-Mid Cap Core Strategy has been named to the prestigious PSN Top Guns List for the 1-Year period ending March 31, 2025. Published by Zephyr, the PSN Top Guns List recognizes top-performing separately managed accounts, managed accounts, and ETF strategies

Cambiar Investments

Cambiar’s Large Cap Value was recognized as Manager of the Decade by Zephyr PSN.

Cambiar Investors is proud to announce that its Large Cap Value has been recognized as Manager of the Decade by Zephyr PSN, a distinction awarded to only the top-performing investment strategies over a ten-year period. This prestigious recognition solidifies Cambiar’s commitment to Quality | Price | Discipline (QPD) in value investing.

PSN Top Guns winners 2025

AH Williams & Co Named to PSN Top Guns List of Best Performing Strategies

Haddonfield, NJ—February 21, 2024— AH Williams & Co announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for 4Q 2023. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

Kensington Asset Management

Kensington Asset Management Captures Third Consecutive PSN Top Guns Award, Reinforcing Strategy Momentum

AUSTIN, Texas, November 25, 2025 (Newswire.com) - For the third consecutive quarter, Kensington Asset Management, LLC's Dynamic Allocation Strategy has been named to the PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies. The Strategy earned recognition across five categories in the Q3 2025 results, including both quarterly and one-year rankings. Published by Zephyr, the PSN Top Guns List remains one of the most widely referenced performance screens in the asset-management industry.