When the pages of data for the sixth annual Wealth Manager rankings began pouring into our office, the most impressive numbers seemed to be the average client relationships. These are the numbers this survey has always used to determine the top wealth manager rankings, and they’ve tended to go up. For example, last year, the top 10 firms ranged from just over $27 million per client to $59 million, while in this year’s survey the top 10 run from $32 million to $76 million. But if you drill down, the surprising number is a much smaller one: Most firms count on relatively few clients to generate these impressive AUM numbers. In fact, although some firms have thousands of clients and some fewer than 20, the median number of clients is just 157 per firm.
Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Company is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Company by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers. The Company never pays a fee to be considered for any ranking or recognition, but may purchase plaques or reprints to publicize rankings.
At Creative Planning, we provide our clients with the best path to wealth accumulation, retention and transfer of assets. We believe that information and education are essential to developing and maintaining a financial plan and investment portfolio. We strive to organize and simplify life in such a way that maximizes the family’s enjoyment of their wealth now and in the future.