August 26, 2012

Top Wealth Managers 2012: About This Year's Survey

The process and criteria for the AdvisorOne Top Wealth Managers 2012

This is the 12th year that Investment Advisor and AdvisorOne.com (and their predecessor publications, notably Wealth Manager magazine) have surveyed wealth managers across the U.S., creating from the survey the Top Wealth Managers list and ranking.

To qualify as one of our 100 Top Wealth Managers for 2012, wealth managers must be investment advisory firms registered with the SEC that provide wealth management services to high-net-worth individuals. Top Wealth Manager firms must also have client assets under management of at least $100 million and file a Form ADV.

In addition, this year we invited RIA firms with AUM of less than $100 million that are SEC- or state-registered to participate as well to cast a wider net on the wealth management industry and to learn more about the industry at large. Firms submitted their own data as of Dec. 31, 2011, online at AdvisorOne from May 1 through June 20, 2012.

The AdvisorOne editorial staff reviewed the submissions for accuracy and gave participants the opportunity to confirm their submissions, but have not independently confirmed that data through review of Form ADVs or other methods. Rankings by total AUM and average AUM per client of the 280 firms that participated and met these criteria can be found at AdvisorOne, along with past rankings, additional analysis and data, and full qualifying criteria.

As in past years, analysis of the survey data was conducted by Philip Palaveev and Jonathan McQuade of The Elite Ensemble without regard to individual firms’ identifying information to preserve participating firms’ anonymity, particularly with regards to wealth management firms’ individual financial results.

Read part one of the analysis of the data here, and visit the 2012 Top Wealth Managers home page for additional data and analysis.

For reprints of this article, other content from the 2012 Top Wealth Managers and for all AdvisorOne, Investment Advisor and Research content, we invite you to contact our reprints partner, PARS International, though our reprints home page.

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