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CNBC enlisted knowledge supplier AccuPoint Options to assist rank registered funding advisors for this year’s FA 100 list.
The methodology consisted of first analyzing varied key knowledge factors from AccuPoint Options’ proprietary database of registered funding advisors.
This evaluation used an authentic checklist of 40,896 RIA corporations from the Securities and Alternate Fee’s regulatory database. By way of a course of, the checklist was finally whittled all the way down to 903 RIAs assembly CNBC’s possession standards.
CNBC workers despatched an intensive electronic mail survey to all corporations that met the preliminary standards to assemble extra particulars. In flip, these consulting corporations accomplished a complete software relating to their observe. The CNBC crew checked this knowledge with these corporations and with the SEC’s regulatory database. AccuPoint once more utilized CNBC’s personal weighted classes to refine and rank the corporations, finally creating the High 100 checklist.
CNBC doesn’t obtain compensation for putting monetary advisory corporations on our checklist. Moreover, the looks of an advisor in our rankings doesn’t represent a person endorsement by CNBC of any agency.
The important thing knowledge factors used within the evaluation had been reviewed as both a minimal baseline or inside a variety, eliminating these corporations that didn’t meet CNBC’s necessities. After the preliminary checklist was compiled, weighting components had been utilized accordingly. These knowledge factors embody:
- The consulting agency’s file on regulatory/compliance necessities. (Editor’s notice: Every advisory agency’s CRD quantity was checked for validity. Any agency that had a disclosure on its SEC ADV was robotically disqualified from the rankings.)
- Variety of years in enterprise.
- Variety of licensed monetary planners.
- Variety of workers.
- Variety of funding consultants registered with the corporate.
- The ratio of funding consultants to the overall variety of workers.
- Whole property underneath administration.
- Share of discretionary property underneath administration.
- Whole accounts underneath administration.
- Variety of international locations by which AVR is registered.
- Nation of residence.
