The Top Fee-Only Wealth Management Firms

CNBC recently released their 2015 list of the Top 100 Fee-Only Wealth Management Firms in the country.  Raffa Wealth Management was ranked 19th overall.  Click here to view the complete CNBC Top 100

The scoring was based on a proprietary formula developed by CNBC and Meridian-IQ that weighted the following characteristics to land on a total rank:

  • Assets under management.
  • Having staff with professional designations such as CFP or CFA.
  • Working with third party professional such as attorneys or CPAs.
  • Average account size.
  • Growth of assets.
  • Years in business.
  • Number of advisory clients.
  • Providing advice on insurance solutions.

The final step in creating the ranking was to review each firm’s regulatory review history from all four major regulators, the SEC, FINRA, state regulators and state insurance commissioners. In order for a firm to be included in the ranking they could not have any complaints, actions or disclosures from any of the regulators.

Another key differentiator here to note is fee-only.  What does that mean? A fee-only wealth management firm derives their sole compensation from the advisory fee they bill to the client for managing their investment portfolio.  They do not receive any commissions in addition to a management fee.  Those that do are known as fee-based advisors.  We believe through a fee-only relationship an advisor and client’s best interests are better aligned.  With the ability to earn compensation from recommending certain investments it can create a conflict of interest.

Raffa Wealth Management is proud to be ranked so highly and we look forward to continuing to help our clients meet their goals.

 

 

Index Performance                                       May      YTD        Trl 1Yr              

US Stock (Russell 3000)                                     1.38%     3.68%        11.86%
Foreign Stock (FTSE AW ex US)                      -1.29%     7.70%         0.34%
Total US Bond Mkt. (BarCap Aggregate)       -0.24%     1.00%         3.03%
Short US Gov. Bonds (BarCap Gov 1-5 Yr)     0.09%     0.99%         1.32%
Municipal Bonds (BarCap 1-10yr Muni)        -0.30%     0.28%         1.71%
Cash (ML 3Month T-Bill)                                   0.00%     0.01%         0.02%

 

About

Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services.  We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets.   Visit us at www.raffawealth.com

 

While CNBC has categorized Raffa Wealth Management as a “Fee Only” Wealth Management firm, CNBC’s use of the term “Fee Only” does not match the CFP Board’s definition of the term.  Raffa Wealth Management’s owners and affiliates include CFP® professionals that are licensed insurance agents receiving insurance commissions and are not deemed “Fee Only” by the CFP Board.  Download RWM’s disclosure brochure at www.raffawealth.com/Pages/Documents.

There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.
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