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   2012 - 2013 Wealth Manager Research Overview

2012 - 2013 Five Star Wealth Manager Program

The Five Star program is the largest and most widely published wealth manager award program in North America. As part of the updated research process for the Five Star Wealth Manager program, firms and peers nominate award candidates. Award candidates are evaluated against 10 objective criteria to determine the Five Star Wealth Managers in more than 40 major markets. The updated Five Star Wealth Manager award process includes:

Nominations by peers and firms: Wealth managers, including financial planners and advisors, CPAs and estate planning attorneys, are nominated by their firm or a peer to be considered for the Five Star Wealth Manager award. Self-nominations are not accepted.

Objective selection process: Award candidates are evaluated against 10 objective criteria: 1) Credentialed as an investment advisory representative (IAR), a FINRA-registered representative, a CPA or a licensed attorney; 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; 6) One-year client retention rate; 7) Five-year client retention rate; 8) Non-institutionalized discretionary and/or non-discretionary client assets administered; 9) Number of client households served; 10) Educational and professional designations. No more than 7 percent of the wealth managers in a market receive the Five Star award.

Regulatory and consumer complaint process: Feedback from consumer surveys will augment a regulatory history review.

Firm review: Firms will have the option to provide input on award candidates from their firm, regardless of the nomination source.

Click here for detailed information on the 2012 - 2013 Five Star Wealth Manager research methodology.


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