DISCLOSURE: The awards mentioned should not be construed as a guarantee that a client or prospective client will experience a certain level of results if constellation is engaged or continues to be engaged; nor should they be construed as a current or past endorsement of constellation or any of its representatives by any of its clients. Investment performance is not a criterion for any of the above-listed awards. Neither constellation nor any of its employees pay a fee in exchange for inclusion in the awards. For more information on these awards and their methodology, please visit Statistica’s website at https://www.statista.com/page/best-financial-advisory-firms-2023.
USA Today– best financial advisory firms 2023: For the first time, USA Today and Statistica are awarding the “best financial advisory firms” in the us. (https://www.usatoday.com/in-depth/money/2023/04/26/best-financial-advisor-firms/11570568002/). The ranking of the best registered investment advisory firms (“RIA firms”) is based on two dimensions: responses provided by clients and peers and a firm’s growth of assets under management (aum). The results were collected via an independent survey sent to over 20,000 individuals. Survey links were sent to participants based on a peer-to-peer recommendation approach (https://www.statista.com/page/best-financial-advisory-firms-2023). While clients were able to evaluate and recommend their RIA firm, financial advisors working for an RIA firm were asked to consider a scenario where their own firm could not take on a client and had to recommend another RIA firm they appreciate. The development of AUM was analyzed both, short and long term based on publicly available data. For the short-term view, the growth of aum over a twelve months period was calculated, from January 2022 to January 2023. For the long-term view, the growth of AUM over a five-year period was calculated, from 2018 to 2023. In the consideration for the Top 500 RIA firms, survey participant responses had a weight of 20% while development of AUM had a weight of 80% (short term and long term growth were equally weighted) to derive the final score. Survey responses were collected through January 15, 2023. Results were published on April 26, 2023.