Forbes has released its ranking of Best-In-State Wealth Advisors.

This year’s Best-In-State Wealth Advisors list spotlights over 2,000 top-performing advisors across the country who were nominated by their firms — and then researched, interviewed and assigned a ranking within their respective states.

The advisors that are considered have a minimum of seven years of experience.

The ranking, which is developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. According to Forbes, the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. 

Here are the No. 1-ranked advisors for each state, according to Forbes’ Best-In-State Wealth Advisors. Check out the full lists for each state at Forbes.

Alabama

Tony Smith

Company: UBS Financial Services

City: Birmingham

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $2.3 billion

Typical Size Of Household Accounts: $2-20 million

 

Alaska

Tom Konop

Company: Morgan Stanley Wealth Management

City: Anchorage

Minimum Account Size For New Business: $100,000

Team Assets (Custodied): $224 million

Typical Size Of Household Accounts: $500,000-5 million

 

Arizona

Allan Flader

Company: RBC Wealth Management

City: Phoenix

Minimum Account Size For New Business: $1 million

Team Assets (Custodied): $566 million

Typical Size Of Household Accounts: $1-10 million

 

Arkansas

Hardy Winburn

Company: UBS Financial Services

City: Little Rock

Minimum Account Size For New Business: $1 million

Team Assets (Custodied): $452 million

Typical Size Of Household Accounts: $2.5 million

 

California (North)

Andy Chase

Company: Morgan Stanley Private Wealth Management

City: Menlo Park

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $10.1B

Typical Size Of Household Accounts: $25 million

 

California (South)

David Hou

Company: First Republic Investment Management

City: Los Angeles

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $12.4B

Typical Size Of Household Accounts: $100 million

 

Colorado

Shawn Fowler

Company: Morgan Stanley Private Wealth Management

City: Denver

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $1.9B

Typical Size Of Household Accounts: $33 million

 

Connecticut

Jeff Erdmann

Company: Merrill Lynch – Private Banking & Investment Group

City: Greenwich

Minimum Account Size For New Business: $2.5 million

Team Assets (Custodied): $6.2B

Typical Size Of Household Accounts: $36.7 million

 

Delaware

Thomas Weisenfels

Company: Merrill Lynch Wealth Management

City: Wilmington

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $371 million

Typical Size Of Household Accounts: $1.5 million

 

District of Columbia

Marvin McIntyre

Company: Morgan Stanley Private Wealth Management

City: Washington

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $2.7B

Typical Size Of Household Accounts: $2-100 million

 

Florida (North)

Michael Valdes

Company: Merrill Lynch – Private Banking & Investment Group

City: Tampa

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $2.8B

Typical Size Of Household Accounts: $20 million

 

Florida (South)

Patrick Dwyer

Company: Merrill Lynch – Private Banking & Investment Group

City: Miami

Minimum Account Size For New Business: $10 million

Team Assets (Custodied): $3.1B

Typical Size Of Household Accounts: $20 million

 

Georgia

Rod Westmoreland

Company: Merrill Lynch – Private Banking & Investment Group

City: Atlanta

Minimum Account Size For New Business: $10 million

Team Assets (Custodied): $4.5B

Typical Size Of Household Accounts: $10-75 million

 

Hawaii

Peter Backus

Company: Graystone Consulting

City: Honolulu

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $729 million

Typical Size Of Household Accounts: $1-10 million

 

Idaho

Brian King

Company: RBC Wealth Management

City: Eagle

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $750 million

Typical Size Of Household Accounts: $2-40 million

 

Illinois

Steve Hefter

Company: Wells Fargo Advisors

City: Highland Park

Minimum Account Size For New Business: $3 million

Team Assets (Custodied): $2B

Typical Size Of Household Accounts: $5-50 million

 

Indiana

Eric Payne

Company: Merrill Lynch Wealth Management

City: Indianapolis

Minimum Account Size For New Business: $0

Team Assets (Custodied): $1.5B

Typical Size Of Household Accounts: $1-8 million

 

Iowa

Bryan Boesen

Company: Morgan Stanley Wealth Management

City: Des Moines

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $439 million

Typical Size Of Household Accounts: $1-25 million

 

Kansas

Rick Homuth

Company: Merrill Lynch Wealth Management

City: Leawood

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $904 million

Typical Size Of Household Accounts: $2-20 million

 

Kentucky

Thomas Perrone

Company: Morgan Stanley Wealth Management

City: Louisville

Minimum Account Size For New Business: $250,000

Team Assets (Custodied): $673 million

Typical Size Of Household Accounts: $1.3 million

Louisiana

James Spiro

Company: Morgan Stanley Wealth Management

City: New Orleans

Minimum Account Size For New Business: $100,000

Team Assets (Custodied): $1.7 billion

Typical Size Of Household Accounts: $1 million

 

Maine

Gibson Wilkes

Company: HighTower Advisors

City: Portland

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $457 million

Typical Size Of Household Accounts: $500,000-2 million

 

Maryland

Martin Eby

Company: WMS Partners

City: Towson

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $2.7 billion

Typical Size Of Household Accounts: $15-80 million

 

Massachusetts

James Atwood

Company: Merrill Lynch – Private Banking & Investment Group

City: Boston

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $4 billion

Typical Size Of Household Accounts: $20-50 million

 

Michigan

Charles Zhang

Company: Zhang Financial

City: Portage

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $2.6 billion

Typical Size Of Household Accounts: $1-5 million

 

Minnesota

Christina Boyd

Company: Merrill Lynch Wealth Management

City: Wayzata

Minimum Account Size For New Business: $3 million

Team Assets (Custodied): $1.2 billion

Typical Size Of Household Accounts: $3-30 million

 

Mississippi

Mike Dowell

Company: Morgan Stanley Wealth Management

City: Jackson

Minimum Account Size For New Business: $100,000

Team Assets (Custodied): $1.1 billion

Typical Size Of Household Accounts: $4 million

 

Missouri

Bud King

Company: UBS Financial Services

City: St. Louis

Minimum Account Size For New Business: $0

Team Assets (Custodied): $990 million

Typical Size Of Household Accounts: $2-100 million

 

Montana

James Stack

Company: Stack Financial Management

City: Whitefish

Minimum Account Size For New Business: $750,000

Team Assets (Custodied): $1.2 billion

Typical Size Of Household Accounts: $250,000-20 million

 

Nebraska

Ron Carson

Company: Carson Wealth Management Group

City: Omaha

Minimum Account Size For New Business: $0

Team Assets (Custodied): $8.5 billion

Typical Size Of Household Accounts: $500,000

 

Nevada

Randy Garcia

Company: The Investment Counsel Company

City: Las Vegas

Minimum Account Size For New Business: $1 million

Team Assets (Custodied): $944 million

Typical Size Of Household Accounts: $3.5 million

 

New Hampshire

Sean Doyle

Company: Merrill Lynch Wealth Management

City: Manchester

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $384 million

Typical Size Of Household Accounts: $1.6 million

 

New Jersey

Frank Seminara

Company: Morgan Stanley Private Wealth Management

City: Florham Park

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $965 million

Typical Size Of Household Accounts: $5-25 million

 

New Mexico

Nathan Armstrong

Company: Merrill Lynch Wealth Management

City: Albuquerque

Minimum Account Size For New Business: $10 million

Team Assets (Custodied): $421 million

Typical Size Of Household Accounts: $20-30 million

 

New York City

Christopher Errico

Company: UBS Financial Services

City: New York

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $2 billion

Typical Size Of Household Accounts: $5 million-1 billion

 

New York State

Rob Clarfeld

Company: Clarfeld Financial Advisors

City: Tarrytown

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $6.1 billion

Typical Size Of Household Accounts: $20 million

 

North Carolina

Larry Carroll

Company: Carroll Financial Associates

City: Charlotte

Minimum Account Size For New Business: $0

Team Assets (Custodied): $692 million

Typical Size Of Household Accounts: $500,000-2 million

 

North Dakota

Loren Melvie

Company: Ameriprise Financial

City: Bismarck

Minimum Account Size For New Business: $300,000

Team Assets (Custodied): $1.4 billion

Typical Size Of Household Accounts: $300,000-1 million

 

Ohio

David Singer

Company: Merrill Lynch – Private Banking & Investment Group

City: Cincinnati

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $2.5 billion

Typical Size Of Household Accounts: $10-30 million

 

Oklahoma

Matt Monger

Company: Merrill Lynch Wealth Management

City: Tulsa

Minimum Account Size For New Business: $250,000

Team Assets (Custodied): $751 million

Typical Size Of Household Accounts: $1-15 million

 

Oregon

Judith McGee

Company: McGee Wealth Management, Inc./Raymond James

City: Portland

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $514 million

Typical Size Of Household Accounts: $1 million

 

Pennsylvania

Saly Glassman

Company: Merrill Lynch Wealth Management

City: Blue Bell

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $4.8 billion

Typical Size Of Household Accounts: $5 million

 

Rhode Island

Malcolm Makin

Company: Professional Planning Group/Raymond James

City: Westerly

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $962 million

Typical Size Of Household Accounts: $1.5-10 million

 

South Carolina

Hagood Ellison Jr.

Company: Merrill Lynch Wealth Management

City: Columbia

Minimum Account Size For New Business: $2 million

Team Assets (Custodied): $2.7 billion

Typical Size Of Household Accounts: $5 million

 

South Dakota

David Olson

Company: Merrill Lynch Wealth Management

City: Sioux Falls

Minimum Account Size For New Business: $1 million

Team Assets (Custodied): $541 million

Typical Size Of Household Accounts: $1-10 million

 

Tennessee

Timothy Pagliara

Company: CapWealth Advisors

City: Franklin

Minimum Account Size For New Business: $750,000

Team Assets (Custodied): $836 million

Typical Size Of Household Accounts: $1-30 million

 

Texas

Nestor Vicknair

Company: Merrill Lynch Wealth Management

City: Houston

Minimum Account Size For New Business: $3.5 million

Team Assets (Custodied): $4.9 billion

Typical Size Of Household Accounts: $3.5-15 million

 

Utah

Dane Runia

Company: Merrill Lynch – Private Banking & Investment Group

City: Provo

Minimum Account Size For New Business: $10 million

Team Assets (Custodied): $2.9 billion

Typical Size Of Household Accounts: $10-62 million

 

Vermont

Tim Stotz

Company: Morgan Stanley Wealth Management

City: Colchester

Minimum Account Size For New Business: $1 million

Team Assets (Custodied): $669 million

Typical Size Of Household Accounts: $1-30 million

 

Virginia

Ric Edelman

Company: Edelman Financial Services

City: Fairfax

Minimum Account Size For New Business: $5,000

Team Assets (Custodied): $19.5 billion

Typical Size Of Household Accounts: $577,000

 

Washington

Terry Cook

Company: UBS Financial Services

City: Bellevue

Minimum Account Size For New Business: $10 million

Team Assets (Custodied): $977 million

Typical Size Of Household Accounts: $10-60 million

 

West Virginia

Chris Hall

Company: Wells Fargo Advisors

City: Parkersburg

Minimum Account Size For New Business: $25,000

Team Assets (Custodied): $472 million

Typical Size Of Household Accounts: $500,000-5 million

 

Wisconsin

Andy Burish

Company: UBS Financial Services

City: Madison

Minimum Account Size For New Business: $500,000

Team Assets (Custodied): $4 billion

Typical Size Of Household Accounts: $1-10 million

 

Wyoming

Lester Brunker

Company: UBS Financial Services

City: Teton Village

Minimum Account Size For New Business: $5 million

Team Assets (Custodied): $315 million

Typical Size Of Household Accounts: $5-50 million

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