November 23, 2014

2013 Five Star Wealth Managers

Gulfshore Life magazine and Five Star Professional partnered to find wealth managers who satisfy 10 objective eligibility and evaluation criteria that are associated with wealth managers who provide quality services to their clients.

2013 Southwest Florida Award Winners

In a consumer study about dynamics between wealth managers and their clients, Five Star Professional polled wealth managers and consumers about communications. Both groups said that connecting three to four times a year is the right communications strategy, but expectations are not aligned in all areas:

  • 29 percent of consumers want to be contacted by their wealth manager whenever events require an update; only 7 percent of wealth managers say they contact clients based on the impact of events.
  • 63 percent of consumers say they received the right amount of communication from their wealth manager. From research conducted by Five Star Professional, April 2011.

From research conducted by Five Star Professional, April 2011.

Wealth managers, broadly defined, are those individuals who help you manage your financial world and/or implement aspects of your financial strategies. Common examples of wealth managers are financial advisors, financial planners, investment advisors, tax advisors and estate planning attorneys.

How do you find a wealth manager with experience, who has a good base of clients with high retention rates, and who has undergone a regulatory and complaint review? And when you find them, are they accepting new clients?

Gulfshore Life magazine and Five Star Professional partnered to find wealth managers who satisfy 10 objective eligibility and evaluation criteria that are associated with wealth managers who provide quality services to their clients. Among many distinguishing attributes, the average one year client retention rate for this year’s award winners is more than 96 percent.

"Don’t listen to other people. Investigate for yourself. Be wary of advisers who say they never had a down year.”
— Five Star Wealth Manager

A Select Award

The 2013 Five Star Wealth Managers are a select group, representing less than 4 percent of the wealth managers in the Southwest Florida area.

Although this list is a useful tool for anyone looking for help in managing their financial world or implementing aspects of their financial strategies, it should not be considered exhaustive. Undoubtedly, there are many excellent wealth managers who, for one reason or another, are not on this year’s list.

Award Candidates

In order to consider a broad population of high-quality wealth managers, award candidates are identified by one of three sources: firm nomination, peer nomination or pre-qualification based on industry standing. Self-nominations are not accepted. Southwest Florida award candidates were identified using internal and external research data, including a survey to more than 1,800 registered financial services professionals and all identified financial service companies in the area that are registered with FINRA or the SEC.

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2013 Southwest Florida Five Star Wealth Managers

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