Churchill Management Group’s president has again been named among the top wealth advisors for 2020. Our firm is thrilled to share that he’s been named No. 14 among Forbes Magazine’s Top Wealth Advisors.* Top wealth advisors are a hallmark of top wealth management firms and Churchill is proud to have high-performing advisors.
Forbes Criteria To Be Ranked As One of The Top Wealth Advisors
In order to rank advisors, Forbes enlisted an outside group to perform interviews, audits, and analyses. The experts at SHOOK Research outlined five steps in the process:
- In-person interviews
- Industry experience
- Compliance records
- Revenue produced
- Assets under management
- Advisors must have a minimum of seven years of experience to qualify for the rankings, with at least one year at the current firm. Advisors must be
- recommended and nominated by their firm.
- Selections are based on in-person conversations and telephone due diligence meetings. Acceptable compliance records are also required.
- At least 50% of the revenue and production must come from individual wealth management. An online survey must also be completed.
- More than 30,000 advisors were reviewed as part of this year’s selection process. Both quantitative and qualitative minimums were also used.
SHOOK uses a customized algorithm to rank top wealth management firms. The algorithm based on qualitative requirements includes revenue and production, assets under management, customer retention, industry experience, and advisory firm nominations.
The ranking algorithm also incorporates quality of investing practice, evaluated through telephone conversations and in-person interviews. SHOOK Research focuses on a quality-first philosophy, seeking nominations for potential candidates from multiple financial services professionals.
Top-ranked advisors present a full-service client experience including service model, investing process, and fee structure. Community involvement is also considered.
Adequate compliance must also be proven for a firm to be considered as one of the top wealth management firms. Compliance claims that have been proven meritless or filed in error are disregarded. Advisors and firms must meet minimum regulatory compliance constraints.
Since 1963, Churchill Management’s goal has been to help clients build wealth over the long-term. Our success lies in a refined balance between communication, dedicated service teams, and finding the right investment strategies.
We pride ourselves on our comprehensive approach to investing and servicing our clients.
Learn more about our investment strategies and our robust suite of services, including financial planning. We’re dedicated to helping you reach your financial goals.
*Ranking is for Randy Conner of Churchill Management Group (“CMG”). CMG did not pay a fee to participate in the rankings, but may purchase reprints of the Forbes article. The rankings were developed by SHOOK Research, and are 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 weighs 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 criterion due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings. The rating may not be representative of any one client’s experience because the rating reflects a quantitative and qualitative analysis of factors that may include only a sample of the experience of CMG’s Clients. The ranking is not indicative of future performance.