Barron’s – America’s Top 1,200 Financial Advisors for 2015
BY STEVE GARMHAUSEN
The following has been excerpted
The rankings, covering advisors at Wall Street firms and independent outfits, are based on assets under management, revenues generated by advisors for their firms, and quality of practices. In evaluating advisors, we examine regulatory records, internal company documents, and extensive questionnaires filled out by the advisors themselves.
Investment performance is not an explicit criterion because the advisors pursue a wide range of investment goals for their clients. Since their clients are typically wealthy, advisors may simply focus on preserving their assets.
Our Top 1,200 are managing more assets than they did last year, thanks to both rising markets and new clients. The average advisor and his or her team this year manages $2.42 billion, up from $2.16 billion in 2014 and $2.14 billion in 2013. Revenues have risen accordingly, to $7 million from $6 million last year.
Meanwhile, the teams themselves are growing in size. The average advisory team is now about 11 people, up from eight a few years ago.