WILLIAMSBURG, VA (6/12/14) — PBMares Wealth Management, LLP, a registered investment advisory firm, announced today that it has been named to CNBC’s inaugural list of the Top 100 Fee-Only Wealth Management Firms. Out of the 100 firms listed, PBMares Wealth Management was ranked 32nd.
The CNBC Digital editorial team, along with Meridian-IQ, created the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at a final total for the ranking:
− Assets under management;
− Having staff with professional designations such as a CFP or CFA;
− Working with third-party professionals such as attorneys or CPAs;
− Average account size;
− Client segmentation;
− Growth of assets;
− Years in business;
− Number of advisory clients; and
− Providing advice on insurance solutions.
The final step was to apply the AdviceIQ Regulatory Compliance Review (RCR) process to the master list and eliminate any firm that failed. The RCR process is a due-diligence process whereby each advisory firm was compared with the RCR database of all regulatory actions from all four primary regulators: SEC, FINRA, state regulators and state insurance commissioners. In order to pass the RCR process, an advisory firm cannot have any complaints, actions or disclosures from any of the above regulators.
“We could not be more proud to be recognized on CNBC’s prestigious list of top wealth management firms,” said David Bush, CPA, CFP®, PFS, and Managing Director of PBMares Wealth Management. “The PBMares Wealth Management philosophy of investing is distinctive. Rather than actively selecting investments or attempting to time the market, we rely on decades of academic research and follow a passive asset-class investment strategy for our investors.”
In business for 14 years, PBMares Wealth Management has $400 million total assets under management. It routinely is recognized as a top wealth management firm nationally, having received a variety of awards including Accounting Today’s Top AUM Firms and the BAM Advisor Services Achievement Award. PBMares, LLP, an accounting and business consulting firm, is the parent company of PBMares Wealth Management.
About PBMares Wealth Management, LLC
PBMares Wealth Management, LLC is an independent, registered investment advisory firm providing fee-based wealth strategy services. An affiliate of PBMares, LLP, the firm is a full-service provider specializing in customized investment management and financial planning for high net worth individuals, retirement plans, not-for-profit organizations, endowments, corporations and institutions. More information available at: www.PBMaresWealth.com.
About PBMares, LLP
PBMares, LLP, a Virginia-based accounting and business consulting firm, provides clients a broad range of business services in the areas of audit and accounting, tax planning and preparation, pension plan design/administration, merger and acquisition consulting and investment management. With offices in Fairfax, Fredericksburg, Harrisonburg, Newport News, Norfolk, Richmond, Warrenton, and Williamsburg, the firm provides additional services through its two affiliates, Artifice Forensic Financial Services, LLC, a financial consulting division specializing in fraud investigations and forensic accounting, and PBMares Wealth Management, LLC, a registered investment advisor. More information available at: www.PBMares.com
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Disclosure:
The “Top 100 Fee-Only Wealth Managers” is granted by CNBC, an independent entity unaffiliated with PBMares Wealth Management. Third party rankings and recognition from ratings services are no guarantee of future investment success. Working with a highly rated adviser does not ensure that a client or prospective client will experience a higher level of performance or results. Ratings should not be considered an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.
