Disclosure for Five Star, Thrive and FT
“Forbes “Best-in-State” list, (month, year). The ranking for this list by SHOOK Research is based on on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. This qualitative criteria focuses on studying each team’s best practices including service models, investing process, team construct, and skill sets, The algorithm also weighs factors like revenue trends, assets under management, compliance records. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. Rankings and recognition from Forbes/SHOOK Research are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
The list recognizes the top financial advisors who specialize in serving defined contribution (DC) retirement plans. The list was developed in collaboration with Ignites Research, a subsidiary of the Financial Times that provides business intelligence on asset management, and Broadridge Financial Solutions, Inc. a leading provider of data solutions and market intelligence. Ignites Research created the methodology and ranked the advisors. Broadridge provided unique data from its proprietary databases that helped identify advisors who specialize in serving DC plans, including 401(k) plans and other DC accounts. To qualify for the list, advisors had to have 20% or more of their total client assets in DC plans. Qualified advisors were then graded based on seven broad factors: DC assets under management, growth in DC plans and assets, degree of specialization in the DC business, experience, the participation rate in DC plans advised, industry certifications, and compliance record.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Wall Street Alliance Group and Securities America are separate companies. The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not: A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three customer complaints filed against them [settled or pending] with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; Feedback may not be representative of any one client’s experience. C. Individually contributed to a financial settlement of a customer complaint filed with a regulatory authority; D. Filed for personal bankruptcy; E. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – Considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate the quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. 2,729 award candidates in the New York area were considered for the Five Star Wealth Manager award. 212 (approximately 8 percent of the award candidates) were named 2015 and 2016 Five Star Wealth Managers.
To qualify for the WealthManagement.com 2019 Thrive Awards list, candidates had to apply online. Applicants needed to be based in the U.S., offer financial services to individual clients, and be free of regulatory actions. The Thrive Award honors those applicants that have exhibited revenue growth over the previous three year period, as selected by WealthManagement.com.
The list recognizes the top financial advisors who specialize in serving defined contribution (DC) retirement plans. The list was developed in collaboration with Ignites Research, a subsidiary of the Financial Times that provides business intelligence on asset management, and Broadridge Financial Solutions, Inc. a leading provider of data solutions and market intelligence. Ignites Research created the methodology and ranked the advisors. Broadridge provided unique data from its proprietary databases that helped identify advisors who specialize in serving DC plans, including 401(k) plans and other DC accounts. To qualify for the list, advisors had to have 20% or more of their total client assets in DC plans. Qualified advisors were then graded based on seven broad factors: DC assets under management, growth in DC plans and assets, degree of specialization in the DC business, experience, participation rate in DC plans advised, industry certifications, and compliance record.
Thinkadvisor Finalists:
This award acknowledges those leading and guiding key decisions, including strategy, product development, hiring, the use of technology and more, in successful, innovative, and dynamic ways. It recognizes those making the decisions that matter most in this fast-changing environment and that support bold strategies producing both quantitative and qualitative results for their practices, teams, firms and the broad financial services community. For more information regarding this award,
please visit: https://www.thinkadvisor.com/2022/06/22/meet-the-luminaries-class-of-2022-finalists/
Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.
