NABCAP assembled the list of wealth managers based on a questionnaire that assessed 20 categories of practice management. The practices that made the list reached or surpassed the minimum score. The list is ranked in alphabetical order.
The Cresendo FIVE STAR Wealth Manager Award is based on an independent survey of high net worth individuals. Each respondent is asked to evaluate wealth managers they know through personal experience on nine criteria: (i) customer service (ii) integrity (iii) knowledge/expertise (iv) communication (v) value for fee charged (vi) whether the wealth manager meets client financial objectives (vii) post sale service (viii) quality of recommendations and (ix) overall satisfaction. Only wealth managers with five years of experience in the financial services industry were considered. Next each wealth manager was reviewed for regulatory actions, civil judicial actions and customer complaints as reported by FINRA (Financial Industry Regulatory Authority) and other regulatory agencies. Wealth managers do not pay a fee to be included in the evaluation process or to be named as a FIVE STAR Wealth Manager. For more information see www.fivestarprofessional.com/wmresearch.
Barron's rankings have three major components: assets managed, revenue produced and quality of practice, including an evaluation of each advisor's regulatory record. Financial Advisors do not pay a fee to be included in the evaluation process. For more information see www.wcorg.com.
Worth solicits nominations from its readers and industry professionals. Nominated advisors complete a detailed questionnaire providing their educational and professional credentials and discuss their approaches to customer service, portfolio management and risk. Worth editors make selections based on the quality of these responses, which are carefully confirmed. Wealth Advisors do not pay a fee to be included.