About the Five Star Award
Five Star Professional, as a third party research firm, identified pre-qualified award candidates based on industry data and contacted all identified broker dealers, Registered Investment Advisor firms and FINRA-registered representatives to gather wealth manager nominations. Self-nominations are not accepted, although a firm may nominate up to 10% of its employees. Award candidates are then evaluated against 10 objective eligibility and evaluation criteria. This criteria includes (1) credentialed as a registered investment advisory representative or registered investment advisor, (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) fulfillment of their firm review based on internal firm standards, (5) currently accepting new clients, (6) and (7) client retention rates for one-year and five-year periods, (8) client assets administered, (9) number of client households served, and (10) education and professional designations. Five Star Professional determines the final list of Five Star Wealth Manager Award winners. The award does not evaluate the quality of services furnished to clients and it is possible that the recipient may have received unfavorable ratings from those surveyed.