The Best Of The Best Wealth Management Firms
Are you looking for a fee-only registered investment advisor (RIA ) but don’t know where to start? Well, you’re in luck.
They factored in several metrics to come up with a financial advisor ranking, including assets under management. the number of professionally-designated CFP or CFA staffers on staff, number of years in the business, and the past five years of annualized growth. The formula was then applied to Meridian-IQ’s RIA database to come up with the top 100 firms. In the event of a tie, the firm with greater assets under management was placed higher. The full list, which also includes location, contact information and average account size, can be found here. (For related reading, see:Paying Your Investment Advisor: Fees or Commissions )
The final step in creating the list entailed applying a compliance review, which checked all the names for complaints of misconduct with state regulators, insurance commissioners, the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority. Any firms that had any actions or complaints leveled against them were taken off the list. (For related reading, see:Fiduciary Designations For Financial Advisors )
The ranking, which includes each firm’s web address and total assets under management, is as follows:
3. Wescott Financial Advisory Group
5. Point View Wealth Management
15. Lodestar Private Asset Management
18. Jackson Thornton Asset Management
19. Jones Barclay Boston Co.
24. Warren Averett Asset Management
25. LBMC Investment Advisors
26. Durbin Bennett Peterson Private Wealth Management
27. Capital Performance Advisors LLP
28. Windham Brannon Financial Group
37. South Texas Money Management
40. Beaird Harris Wealth Management
41. Sandhill Investment Management
43. Schenck Investment Solutions
The face value of a bond. Par value for a share refers to the stock value stated in the corporate charter. Par value is important.
A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually.
Working capital is a measure of both a company s efficiency and its short-term financial health. Working capital is calculated.
The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits.
A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different.
A general term describing a financial ratio that compares some form of owner s equity (or capital) to borrowed funds. Gearing.