Ranking and Recognition Participation Data and Criteria

2020

  • Investment News – Best Places to Work for Financial Advisers

Each year, InvestmentNews recognizes standout employers in the financial advice industry. These firms, ranging from small practices with fewer than 20 people to large companies with hundreds, invest in creating a work atmosphere and culture that attracts the best employees. The annual list of top firms is compiled by Best Companies Group through online employee and employer surveys. The collected information is combined to determine the strengths of each of the firms that voluntarily participate in the program and each workplace is ranked on this data.

  • Crain’s Chicago Business – Best Places to Work

To be considered for participation, companies had to:

    • Be a publicly or privately held business
    • Be a for-profit or not-for-profit business, or government entity
    • Have a facility in the Chicago area (including the counties of Cook, DuPage, Kane, Lake in Illinois, Lake in Indiana, McHenry or Will)
    • Have a minimum of 25 full-time or part-time employees working in Chicago
    • Have been in business a minimum of one year

Determining the Best Places to Work in Chicago involved a two-step process. The first step consisted of evaluating each participating company’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part was worth approximately 75% of the total evaluation. The combined scores determined the best companies and the final ranking. Best Companies Group managed the overall registration and survey process and analyzed the data and used its expertise to determine the final ranking.

  • Forbes – Top Women Wealth Advisors

The Forbes ranking of America’s Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of: qualitative data, such as telephone and in-person interviews, a review of best practices, service and investing models, and compliance records; as well as quantitative data, like revenue trends and assets under management. All advisors have a minimum of seven years’ experience. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

  • The Daily Herald Business Ledger – Best Place to Work in Illinois

Companies are selected through a two-part process administered by Best Companies Group of Harrisburg, Pa.  Participating organizations must complete a two-part process to be considered for inclusion on the list. The first part consists of evaluating each registered company’s workplace policies, practices, and demographics and is worth approximately 25% of the total evaluation. The second part consists of an employee survey to measure the employee experience and is worth approximately 75% of the total evaluation. The combined scores determine the top companies and which companies are included on the list. Best Companies Group (BCG) manages the overall registration and survey process and also analyzes the data and uses our expertise to determine the final rankings

  • RIA Channel – Top 100 Wealth Managers

RIA Database uses quantitative and qualitative criteria to create the rankings. RIA Channel ranked the Top 100 RIA firms of 2020 based on a proprietary set of criteria and data. The ranking is based on both size and growth in assets as of June 30, 2020, as reported to the SEC. RIA Database (RIADatabase.com) was used for regulatory data, organic research, and advisor surveys.

  • Forbes – Top Next-Gen Wealth Advisors

The 2020 Top Next-Gen list includes 500 rising advisors. Each advisor was nominated by their firm, then vetted and ranked by SHOOK Research. The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. 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.

  • Financial Times – 300 Top Registered Investment Advisers

The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times (July 2020). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. Over 750 qualified firms applied for the award, 300 of which were selected (40%). This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

2019

  • Investment News – Best Practices Award Compensation and Staffing

The firms were recognized for being among the top quartile of a combined 557 responses from InvestmentNews 2019 Compensation and Staffing study and its 2019 Profitability Study. The awards took into account firms’ growth, profitability and general productivity. Firms ranged in size from $475 million in assets under management to $3.8 billion and featured a variety of business models. But InvestmentNews managing director and associate publisher Mark Bruno said all of the firms demonstrated their CEO’s goals in the way they run their business.

  • Barron’s – Top 50 RIA Firms

Barron’s published its first advisor ranking in 2004 to shine a spotlight on the nation’s best wealth managers and raise standards in the industry. Firms that wish to be ranked fill out a 102-question survey about their practice. We verify that data and apply our rankings formula to the data to generate a ranking, based on assets, revenue and quality of practice. The rankings are meant as a starting point for clients looking for an RIA firm — a first-pass vetting that can help investors narrow a search. Every firm will have its own approach to investing, financial planning and other services. Clients are encouraged to approach a search for an RIA firm the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties.

  • Investopedia – Top 100 Financial Advisors named Heather Locus

In developing our ranking, we identified advisors across the country who have demonstrated a top-of-the-industry ability to reach the largest and most relevant financial and investing audience, as measured by the impact and quality of their published work, public appearances, and online following. We also asked every advisor who applied to nominate the advisors who they deemed influential. Multiple nominations from industry peers weighed heavily into our scoring. Finally, all applicants were reviewed by our editorial team to ensure that their published work and public appearances were in the spirit of financial education, and served to help their clients and promote best practices across the industry. The advisors featured in our ranking applied for consideration, or were nominated by their peers. We know there are thousands of influential advisors who do not appear on our list. Each year, we try to broaden our outreach to make our list even more inclusive, and we will continue to do so in the years to come.

  • Financial Advisor Magazine – RIA ranking

FA’s RIA Ranking is an independent listing produced by Financial Advisor magazine. Firms must be registered investment advisors and provide financial planning and/or related services to individual clients. All firms must be either independently owned or a freestanding subsidiary of another business and have at least $100 million in assets under management as of December 31, 2018. Neither the RIA firms nor their employees pay a fee to Financial Advisor to be included in the listing. Data is provided by each firm, mostly from numbers and information published on forms they submit to the SEC. Each advisor is then ranked alongside their participating peers.

  • Forbes – Best-In-State Next-Gen Advisors named Anthony Dinverno and Neil Teubel

Each advisor—selected by SHOOK Research—is chosen based on an algorithm of qualitative and quantitative criteria, including: In-person interviews, industry experience, compliance records, revenue produced, assets under management.

  • Forbes  – America’s Top Women Wealth Advisors recognized Heather Locus

The Forbes ranking of America’s Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through telephone and in-person interviews. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.

  • Forbes – Best-In-State Wealth Advisor recognized Heather Locus

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weights factors like revenue trends,  assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying  client objectives and lack  of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.

  • RIA Channel – Top 100 ETF Power Users

RIA Database uses quantitative and qualitative criteria to create the rankings. Refer to our METHODOLOGY for more information on how firms qualified. We are delighted to recognize these firms for their independence, their entrepreneurial spirit, and their ability to emerge as leaders in their field. We congratulate each of them on their success.

  • The Daily Herald Business Ledger – Best Place to Work for Millennials

Companies are selected through a two-part process administered by Best Companies Group of Harrisburg, Pa. The first part consists of evaluating a nominated company’s workplace policies, practices, and demographics. The second part is an employee survey to measure the employee experience.

  • The Daily Herald Business Ledger – Best Place to Work in Illinois

Companies are selected through a two-part process administered by Best Companies Group of Harrisburg, Pa. The first part consists of evaluating a nominated company’s workplace policies, practices, and demographics. The second part is an employee survey to measure the employee experience.

  • Crain’s Chicago Business – Best Places to Work

Our list of top firms was created by Best Companies Group through on-line employee and employer surveys. Those data were combined to assess the strengths of each firm that voluntarily participated in this program and determined the ultimate ranking. The 75 firms presented have been grouped into three categories – large, medium and small – based on employee count.  The profiles of these successful firms offer insights into the human resources practices they use to attract and retain skilled employees in a competitive environment.

  • Investment News – Best Places to Work for Financial Advisers

Each year, InvestmentNews recognizes standout employers in the financial advice industry. These firms, ranging from small practices with fewer than 20 people to large companies with hundreds, invest in creating a work atmosphere and culture that attracts the best employees. The annual list of top firms is compiled by Best Companies Group through online employee and employer surveys. The collected information is combined to determine the strengths of each of the firms that voluntarily participate in the program and each workplace is ranked on this data.

  • Working Mother – list Heather Locus a 2019 Top Working Mother Wealth Advisor

SHOOK Research considered wealth advisors who are mothers with at least one child living at home and under the age of 18. Ranking algorithm is based on qualitative measures derived from telephone and in-person interviews and surveys: service models, investing process, client retention, industry experience, review of compliance records, firm nominations, etc.; and quantitative criteria, such as assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research LLC. Neither SHOOK nor Working Mother receives compensation from the advisors or their firms in exchange for placement on a ranking.

2018

  • Investment News – 2018 Women to Watch recognized Heather Locus

Honoring female financial advisers and industry executives who are advancing the financial advice industry.

  • Investment News – Best Places to Work for Financial Advisers (#1)

Each year, InvestmentNews recognizes standout employers in the financial advice industry. These firms, ranging from small practices with fewer than 20 people to large companies with hundreds, invest in creating a work atmosphere and culture that attracts the best employees. The annual list of top firms is compiled by Best Companies Group through online employee and employer surveys. The collected information is combined to determine the strengths of each of the firms that voluntarily participate in the program and each workplace is ranked on this data.

  • Forbes – Best-In-State Wealth Advisors

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.

  • Financial Times – Top 300 Registered Investment Advisors

Areas of consideration include adviser AUM, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility.

  • Forbes – America’s Top Next-Generation Wealth Advisors recognized Anthony Dinverno and Neil Teubel

Each advisor—selected by SHOOK Research—is chosen based on an algorithm of qualitative and quantitative criteria, including: In-person interviews, industry experience, compliance records, revenue produced, and assets under management.

  • Chicago Magazine – Five Star Wealth Managers

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. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm 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 settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints 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; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. 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.

  • The Daily Herald Business Ledger – Best Place to Work in Illinois

Companies are selected through a two-part process administered by Best Companies Group of Harrisburg, Pa. The first part consists of evaluating a nominated company’s workplace policies, practices, and demographics. The second part is an employee survey to measure the employee experience.