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Forbes' 2021 Ranking of Best-In-State Wealth Advisors - Methodology

Forbes' 2021 Ranking of 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 data, rating thousands of wealth advisors with a minimum of seven years' 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 nor SHOOK receive a fee in exchange for rankings. Research summary as of January 2021: 32,725 nominations received, based on high thresholds and qualifications - 15,854 invited to complete online survey - 13,114 telephone interviews - 2,085 in-person interviews at advisor's location - 619 Web-based interviews.


Additional detailed ranking methodology information can be accessed by clicking here.

Further Disclosure: Out of 32,725 advisors nominated, 5,224 received the award. Recognition from rating services or publications is no guarantee of future investment success or performance. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance of 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 evaluations. Additionally, the Firm is not aware of any undisclosed facts that would call into question the validity or appropriateness of the rating.