WEALTH MANAGER
A SELECT AWARD
RESEARCH DISCLOSURES
WEALTH MANAGER
2017 HOUSTON AWARD WINNERS
Connect with Five Star Wealth Managers
A SELECT AWARD
These days , it takes a village to manage one ’ s financial world . Whether it is managing your assets with a wealth manager , navigating the ever-changing landscape of tax law , sorting out your estate and succession planning or picking the right life insurance , finding the right team that suits your needs can be a daunting task . In fact , many consumers have a hard time figuring out where to even begin .
Five Star Wealth Manager Criteria
Determination of Award Winners
Award candidates who satisfied 10 objective eligibility and evaluation criteria were named 2017 Five Star Wealth Managers .
Eligibility Criteria – Required
1 . Credentialed as a registered investment adviser or a registered investment adviser representative .
2 . Actively employed as a credentialed professional in the financial services industry for a minimum of five years .
3 . Favorable regulatory and complaint history review . 4 . Fulfilled their firm review based on internal firm 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 .
Sometimes , a few simple questions can set one off on the right path . Asking a professional what makes working with him or her a unique experience can help you understand how they work and if their style meshes with your own . Further , asking them to talk about any specialties they might have can help uncover skills you might find useful .
This is a great place to start ! Five Star Professional has partnered with Texas Monthly to help consumers like you find outstanding wealth managers and investment professionals in their area . Each award candidate undergoes a thorough research process ( detailed below ) before being considered for the final list of award winners .
RESEARCH DISCLOSURES
In order to consider a broad population of high-quality wealth managers and investment professionals , award candidates are identified by one of three sources : firm nomination , peer nomination or prequalification based on industry standing . Self-nominations are not accepted . Houston award candidates were identified using internal and external research data . Candidates do not pay a fee to be considered or placed on the final lists of
Five Star Wealth Managers or Five Star Investment Professionals .
Although this list is a useful tool for anyone looking for help in managing their financial world or implementing aspects of their financial strategies , it should not be considered exhaustive . Undoubtedly , there are many excellent professionals who , for one reason or another , are not on this year ’ s lists .
• The Five Star award is not indicative of a professional ’ s future performance .
• Wealth managers may or may not use discretion in their practice and therefore may not manage their clients ’ assets .
• The inclusion of a professional on the Five Star Wealth Manager list or the Five Star Investment Professional list should not be construed as an endorsement of the professional by Five Star Professional or Texas Monthly .
• Working with a Five Star Wealth Manager , Five Star Investment Professional or any professional is no guarantee as to future investment success , nor is there any guarantee that the selected professionals will be awarded this accomplishment by Five Star Professional in the future .
• Five Star Professional is not an advisory firm , and the content of this article should not be considered financial advice . For more information on the Five Star Wealth Manager or Five Star Investment Professional award programs , research and selection criteria , go to www . fivestarprofessional . com / research .
Certified Financial Planner Board of Standards Inc . owns the certification marks CFP ®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP ( with flame design ) in the U . S ., which it awards to individuals who successfully complete CFP Board ’ s initial and ongoing certification requirements . The Chartered Financial Consultant credential [ ChFC ®] is a financial planning designation awarded by The American College .
Regulatory Review
As defined by Five Star Professional , the wealth manager has not :
• Been subject to a regulatory action that resulted in a license being suspended or revoked , or payment of a fine .
• 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 .
• Individually contributed to a financial settlement of a customer complaint filed with a regulatory authority .
• Filed for personal bankruptcy .
• Been convicted of a felony .
Five Star Professional conducts a regulatory review of each nominated wealth manager using the Investment Adviser Public Disclosure ( IAPD ) website . Five Star Professional also uses multiple supporting processes to help ensure that a favorable regulatory and complaint history exists . Data submitted through these processes was applied per the above criteria :
• Each wealth manager who passes the Five Star Professional regulatory review must attest that they meet the definition of favorable regulatory history , based upon the criteria listed above .
• Five Star Professional promotes via local advertising the opportunity for consumers to confidentially submit complaints regarding a wealth manager .
• Five Star Professional contacted approximately 1 in 12 households identified as having a high propensity to use the services of wealth managers in order to provide consumers the opportunity to submit complaints regarding a wealth manager .
© 2017 Five Star Professional