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CNBC’s Financial Advisor 100 list is set by way of a mix of knowledge evaluation and editorial assessment.
As an preliminary screening, knowledge supplier AccuPoint Solutions analyzes core knowledge factors from its proprietary database of registered funding advisors, or RIAs, in addition to the U.S. Securities and Exchange Commission’s regulatory database. Firms that do not meet CNBC’s proprietary standards are faraway from the checklist.
This yr’s evaluation used an preliminary checklist of 40,563 RIA companies. The checklist was finally minimize to 1,015 RIAs that met CNBC’s proprietary standards.
CNBC sends an intensive e mail survey to all these companies that meet the preliminary standards to collect extra particulars about their observe. CNBC applies a layer of editorial assessment, clarifying agency entries as wanted and verifying responses towards the SEC regulatory database and different publicly obtainable sources.
AccuPoint Solutions then applies CNBC’s proprietary weighted standards to refine the checklist and rank the companies.
A agency’s inclusion on the checklist relies solely on this methodology. CNBC receives no compensation from putting monetary advisory companies on our checklist. Additionally, a agency’s or advisor’s look on our rating doesn’t represent a person endorsement by CNBC of any agency or advisor.
Data that goes into CNBC’s Financial Advisor 100
AccuPoint Solutions makes use of a wide range of major knowledge factors, both at the least baseline or inside a variety, to get rid of these companies that don’t meet CNBC’s necessities. For instance, any agency that has a disclosure with the SEC resembling a regulatory violation or buyer dispute is routinely disqualified from the rating.
Once the preliminary checklist is compiled, weightings are additionally utilized accordingly.
These knowledge factors embody:
- Advisory agency’s regulatory/compliance report
- Number of years within the enterprise
- Number of licensed monetary planners
- Number of staff
- Number of funding advisors registered with the agency
- Ratio of funding advisors to the overall variety of staff
- Total property below administration
- Percentage of discretionary property below administration
- Total accounts below administration
- Number of states the place the RIA is registered
- Country of domicile
CNBC receives no compensation from putting monetary advisory companies on our Financial Advisor 100 list. Additionally, a agency’s or advisor’s look in our rating doesn’t represent a person endorsement by CNBC of any agency or advisor.