Awards & Recognitions - Adviser Investments

Important Information

Awards and Recognitions

This webpage describes the criteria for each industry award or recognition received by Adviser Investments that may appear on our websites or in other marketing materials used by Adviser Investments.In addition to the specific descriptions and criteria described for each award below, please keep in mind that unless otherwise specifically stated, the following provisions apply to all awards and recognitions below:

  • Awards and recognitions do not evaluate client experience and are not indicative of such
  • Awards and recognitions do not evaluate investment performance of client portfolios, and are not to be construed as indicative of such
  • Awards and recognitions are not indicative of future investment performance of client portfolios
  • Awards and recognitions generally only consider and recognize participants that choose to participate
  • Awards and recognitions are often based on information supplied by the participants—such information should not be assumed to be verified by the sponsor of the award.
  • Adviser Investments does not pay any fees to participate in any of the awards or recognitions listed below
  • Award/recognition criteria presented reflects the criteria applicable to the most recently received version noted in the line titled “Years Received.”

List of Awards and Recognitions


Barron’s Top 100 Independent Wealth Advisors

Years: 2014, 2015, 2016, 2017, 2018, 2019

The Barron’s Top 100 Independent Wealth Advisors rankings consider factors such as assets under management, revenue produced for the firm, and quality of practice as determined by Barron’s editors. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


Barron’s Top Advisor Rankings by State (Massachusetts)

Years: 2014, 2015, 2016, 2017, 2018, 2019, 2020

The Barron’s Top Advisor Rankings by State (Massachusetts) (also referred to as Barron’s Top 1,200 Financial Advisers) considers factors such as assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. According to Barron’s, “around 4,000” advisory firms were considered for this recognition in 2020; with about 1,200 firms receiving recognition.


Best Wellness Employer Bronze Certification

Years: 2020

Adviser Investments received the Best Wellness Employer Bronze Certification. Sponsored by Wellness Workdays, participating organizations complete a survey covering how the organization assesses its employee wellness initiatives and programs, and how the organization strategizes, implements and evaluates such initiatives and programs. Surveys are reviewed and scored, then participants are ranked in the Best Wellness Employer Score Index and may receive either Gold, Silver or Bronze Certification or an Honorable Mention. Organizations pay a $99 participation fee. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition. Visit https://www.wellnessworkdays.com/best-wellness-employer-program for more information.


Boston Business Journal Top 25 Investment Advisers

Years: 2018, 2019, 2020

The Boston Business Journal Largest Independent Investment Advisers in Massachusetts (also referred to as Boston Business Journal Top 25 Advisers (Massachusetts)) ranking is based on each ranked firm’s assets under management as of June 1, 2020. Only firms that choose to participate are ranked and included on the list. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


Boston’s Best and Brightest Companies to Work For

Years: 2016, 2017, 2018, 2019

The Best and Brightest Companies to Work For® competition recognizes organizations displaying a commitment to human resource practices and employee enrichment. The competition assesses organizations based on categories such as communication, work-life balance, employee education, diversity, recognition, retention and more. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


CityWire USA’s ‘40 Rising Stars’

Years: 2019
Recipients: Jeff DeMaso, Director of Research & Brian Mackey, Deputy Director of Research

CityWire USA’s “40 Rising Stars” list is based on (1) information provided by the individual’s manager or an industry peer(s) of the individuals, (2) their professional qualifications (including professional designations and certifications), (3) academic achievements and (4) the importance of the role the individual plays at their current company. All nominees must be under the age of 40 and based in the United States. No company can have more than two representatives on the list. In 2019, both nominations made by Adviser Investments were selected to the final list. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


2020 Financial Advisor Magazine RIA Survey & Ranking  

Years: 2019, 2020

Financial Advisor magazine, a publication covering the investment advisory business, surveys and publishes an annual list of independent registered investment advisers, ranked by assets under management. To be eligible to participate, firms must be registered investment advisers and provide financial planning and related services to individual investors. Only advisers that complete and submit Financial Advisor magazine’s survey are included in the rankings. In 2020, 551 firms were ranked. Financial Advisor magazine has not disclosed how many firms were invited to participate. In prior years, this ranking publication was referred to as “FA Magazine Top RIAs.” For more information and complete rankings, visit https://www.fa-mag.com/ria-survey-2020-form.


Financial Times 300 Top Registered Investment Advisers

Years: 2014, 2015, 2016, 2018, 2019

The Financial Times 300 Top Registered Investment Advisers  is an independent listing produced annually by the Financial Times and Ignites Research. According to the Financial Times, in 2019, approximately 2,000 firms were invited to be considered for its list; 740 responded with 300 being named to this list. The listing reflects each practice’s performance in six primary areas: Assets under management (70-75% of a firm’s score), asset growth (15% of a firm’s score), years in existence, compliance record, credentials and online accessibility.


Five Star Wealth Manager Award

Years: 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019

Five Star Wealth Manager Award, administered by Crescendo Business Services, LLC (dba Five Star Professional) selects award recipients based on following 10 objective eligibility and evaluation criteria: (1) credentialed as a registered investment advisory representative or registered investment advisor; (2) actively employed as a credentialed professional in the financial services industry for a minimum of five years; (3) favorable regulatory and complaint history review; (4) fulfillment of their firm review based on internal firm standards, (5) currently accepting new clients; (6) and (7) client retention rates for one-year and five-year periods; (8) non-institutional client assets administered; (9) number of client households served; and (10) education and professional designations. Five Star Professional determines the final list of Five Star Wealth Manager Award winners.

  • 3,580 candidates in the Boston area were considered for the 2020 Award. 463 of these candidates (13%) were named 2020 Five Star Wealth Managers.
    • In 2019, 3,619 candidates were considered of which there were 566 (16%) award recipients.
    • In 2018, 2,819 candidates were considered of which there were 532 (19%) award recipients.
    • In 2017, 2,467 candidates were considered of which there were 623 (25%) award recipients.
    • In 2016, 2,530 candidates were considered of which there were 632 (26%) award recipients.
    • In 2015, 3,542 candidates were considered of which there were 801 (23%) award recipients.
    • In 2014, 1,707 candidates were considered of which there were 655 (38%) award recipients.
    • In 2013, 2,362 candidates were considered of which there were 713 (30%) award recipients.
    • In 2012, 2,591 candidates were considered of which there were 454 (17%) award recipients.
  • Wealth managers and/or their firms do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers.
  • The award does not evaluate the quality of services provided to clients and it is possible that the recipient may have received unfavorable ratings from those surveyed.
  • The Five Star Wealth Manager award is not indicative of the wealth manager’s future performance or investment success.
  • The inclusion of a wealth manager on the list should not be construed as an endorsement of the wealth manager by Five Star Professional or any clients of the wealth manager.
  • Five Star Professional defines a “favorable regulatory complaint history” as a wealth manager who has not been subject to a regulatory action resulting in a license being suspended, revoked or payment of a fine; has not had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process; has not individually contributed to a financial settlement of a customer complaint; and has not been terminated from a wealth management or financial services firm, or filed for personal bankruptcy within the past eleven years, or been convicted of a felony.
  • For more information on the Five Star award and the research/selection methodology, go to www.fivestarprofessional.com.

Forbes Top Women Wealth Advisors

Years: 2020
Recipients: Liz Kesselman

The 2020 Forbes Top Women Wealth Advisors selection process was conducted by SHOOK research. Candidates were evaluated through an algorithm based on the individual’s revenue production for their firm, client retention data, assets under management by the individual/individual’s team, review of the individual’s compliance record, fee structure, breadth of services offered,  professional credentials, years of service, community involvement and an interview (telephone or in-person) with the award evaluators. Minimum eligibility criteria included: (1) at least seven years as a financial adviser; (2) working for current firm for at least one year; (3) individual is recommended by her firm; (4) completion of an online survey; (5) 50% of revenue production attributable to the individual; and (6) an acceptable compliance record as determined by the award’s evaluators. 32,000 participants were nominated for this award. 14,190 were invited to complete the survey and partake in an interview, and 1,000 (7% of participants) were named to the final list. The award does not consider portfolio performance. Inclusion on the list of Top Women Wealth Advisors does not mean that the individual does not have any negative history on their regulatory compliance record. For more information on this award—including eligibility and evaluation criteria, information on the algorithm used to compare and rank participants, and compliance record review methodology—visit https://www.forbes.com/sites/rjshook/2020/04/21/the-2020-forbes-ranking-of-americas-top-women-wealth-advisors-methodology/#67c4ae6c487f.


InvestmentNews Best Places to Work for Financial Advisers

Years: 2018, 2019, 2020

InvestmentNews’ Best Places to Work for Financial Advisers Award is based on responses to surveys voluntarily completed by the owners and employees of participating firms. Firms do not pay a fee to participate. Best Companies Group conducts the survey. InvestmentNews evaluates participating firms’ ability to attract and retain talented employees and then ranks the firms. To be eligible for the award firms must be a registered investment adviser or broker-dealer; be in business for at least one year and have at least 15 full-time employees. In 2018, 50 firms were named to its list; starting  in 2019, 75 have been named. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


InvestmentNews RIA Data Center Ranking

Years: 2019

InvestmentNews ranked 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. Ranking, by total AUM, was published on June 5, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, and (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition.


Nation’s Best and Brightest Companies in Wellness®

Years: 2018, 2019

The Nation’s Best and Brightest Companies in Wellness® Program—created and administered by SynBella—surveys and evaluates  participating organizations commitment of resources and internal initiatives dedicated to the physical and mental wellness of their employees. Participants pay a fee of $99 to participate—although the sponsor may waive the fee at its discretion. In 2019, 2,000 organizations participated with 115 organizations receiving recognition.


Pensions & Investments’ Best Place to Work in Money Management

Years: 2018, 2019

The Pensions & Investments’ Best Place to Work in Money Management award is conducted by research firm Best Companies Group (BCG). Participating firms and their employees complete surveys assessing corporate culture and communications; role satisfaction; work environment; relationship with supervisor; training; development and resources; pay and benefits; and overall engagement. BCG analyzes the results and ranks participating firms. Participating firms must have an office in the United States; at least 20 employees; have at least $100 million in discretionary regulatory assets under management; and have been in business for at least one year. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition. For more information and a complete list of recipients visit www.pionline.com/BPTW2019.


RIA Channel® Top 100 ETF Power Users

Years: 2019

RIA Channel® Top 100 ETF Power Users ranks wealth management firms using exchange traded funds (ETFs) based on aggregate dollar value held as reported on the firm’s September 30, 2019 Form 13F filing with the U.S. Securities & Exchange Commission (“SEC”). Firms are ranked from greatest to least based on total dollar value of ETFs managed on a discretionary basis. Data was collected by RIA Channel affiliate RIA Database, www.riadatabase.com, and final ranking results issued by RIA Channel and Forbes. Ranking does not analyze how ranked firms utilize ETFs or performance. To be considered for the rankings, firms must be domiciled in the United States; be registered with the SEC; primarily manage assets for retail individual clients; and provide comprehensive wealth management and financial planning services. The award is not indicative of client experience nor future investment performance. Adviser Investments did not submit any information to RIA Channel regarding in this ranking, request to be considered for the ranking, nor pay any fee in connection with it. For more information and a complete list of recipients, visit https://www.riachannel.com/top-100-etf-firms-power-user-ranking/.


RIA Channel® Top 100 Wealth Managers

Years: 2020

RIA Channel® Top 100 Wealth Managers ranks wealth managers “based on a proprietary set of criteria and data. The ranking is based on both size and growth in assets as of June 30, 2020, as reported to the SEC. RIA Database (RIADatabase.com) was used for regulatory data, organic research, and advisor surveys.” (See https://www.riachannel.com/2020-top-100-wealth-manager-list-methodology/.) Adviser Investments did not verify any data—nor were we asked to—prior to ranking or publication. Regulatory Assets Under Management (“RAUM”) displayed on RIA Channel’s website is calculated by RIA Channel, not Adviser Investments. We did not independently calculate our RAUM as of June 30, 2020, nor do we know RIA Channel’s RAUM calculation methodology. RIA Channel has not published information on how many firms were considered for ranking, nor did it publish criteria used for inclusion for consideration on this ranking. Adviser Investments did not submit any information to RIA Channel regarding in this ranking, request to be considered for the ranking or pay any fee in connection with this recognition. The award is not indicative of client experience or future investment performance. For more information and a complete list of recipients and rankings, visit https://www.riachannel.com/top-100-wealth-manager-list-2020/.

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