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CNBC’s Financial Consultant 100 list is identified through a mix of information analysis and editorial evaluation.
As a preliminary screening, information company AccuPoint Solutions evaluates core information points from its proprietary database of signed up financial investment consultants, or RIAs, in addition to the U.S. Securities and Exchange Commission’s regulative database. Companies that do not fulfill CNBC’s exclusive requirements are eliminated from the list.
This year’s analysis utilized a preliminary list of 40,563 RIA companies. The list was ultimately cut to 1,015 RIAs that satisfied CNBC’s exclusive requirements.
CNBC sends out a substantial e-mail study to all those companies that fulfill the preliminary requirements to collect more information about their practice. CNBC uses a layer of editorial evaluation, clarifying company entries as required and confirming reactions versus the SEC regulative database and other openly readily available resources.
AccuPoint Solutions then uses CNBC’s exclusive weighted requirements to improve the list and rank the companies.
A company’s addition on the list is based entirely on this approach. CNBC gets no payment from putting monetary advisory companies on our list. Furthermore, a company’s or consultant’s look on our ranking does not make up a private recommendation by CNBC of any company or consultant.
Information that enters into CNBC’s Financial Consultant 100
AccuPoint Solutions utilizes a range of main information points, either as a minimum standard or within a variety, to remove those companies that do not fulfill CNBC’s requirements. For instance, any company that has a disclosure with the SEC such as a regulative infraction or consumer disagreement is instantly disqualified from the ranking.
Once the preliminary list is assembled, weightings are likewise used appropriately.
These information points consist of:
- Advisory company’s regulatory/compliance record
- Variety of years in business
- Variety of qualified monetary coordinators
- Variety of workers
- Variety of financial investment consultants signed up with the company
- Ratio of financial investment consultants to the overall variety of workers
- Overall possessions under management
- Portion of discretionary possessions under management
- Overall accounts under management
- Variety of states where the RIA is signed up
- Nation of residence
CNBC gets no payment from putting monetary advisory companies on our Monetary Consultant 100 list Furthermore, a company’s or consultant’s look in our ranking does not make up a private recommendation by CNBC of any company or consultant.