November 4, 2022
Adviser has been picked for Forbes’ inaugural list of “America’s Top RIA Firms.” The Forbes list, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews and quantitative data.
“SHOOK’s focus on quality skews its recommendations towards firms in which we can thoroughly understand how each client is actually treated,” wrote R.J. Shook, who oversaw selection for the list. “[We] measure aspects like processes that are inherent in each client relationship, what is the team’s purpose, and what is the underlying culture that we see throughout all levels of employees.”
Out of more than 36,000 nominations received, 100 firms were selected for the Forbes list.
“We are honored to be acknowledged by Forbes as a top RIA,” said Adviser CEO Mario Ramos. “The firm is on a path to become one of the country’s most recognized independent advisers as we continue our ambitious period of rapid growth and expanded client services, while maintaining our foundational focus on customized wealth management with a personal touch.”
SHOOK Research described honorees on the list as “role model” firms that are “leading the way” with “best practices” and “providing a high-quality experience for clients.”
“When we meet with a firm or an adviser for a due diligence meeting, we are always thinking to ourselves, ‘Would we recommend this firm (or individual) to a friend or family member?’” Shook continued. “Quality is always first, if we’re going to include a firm (or advisor) on our rankings, we have to make sure everyone is of the highest quality.”
The Forbes recognition was just the latest accolade for Adviser. In September, Barron’s selected the firm as a “Top 100 RIA Firm” for 2022. The Boston Business Journal named Adviser among the “Largest Independent Investment Advisers in Massachusetts.” The company was also named a finalist on ThinkAdvisor’s LUMINARIES list of leaders in “Thought Leadership & Education.”
Adviser received numerous workplace awards in the past year. The firm was named among the “Best Places to Work in Money Management” by Pensions & Investments magazine, a “Best Place to Work for Financial Advisers” by InvestmentNews and among America’s “Best and Brightest Companies to Work For” by the National Association for Business Resources.
The firm has also garnered praise for its commitment to employee wellness. It was named among “The Nation’s Best and Brightest for Wellness” for 2022 and the company also earned a 2021 “Best Wellness Employer Bronze Certification” from Wellness Workdays, awarded in collaboration with experts from Harvard Medical School.
The Barron’s rankings serve as a benchmark for participating for wealth management professionals and a resource for individual investors seeking financial guidance and wealth management. To be nominated, advisers complete a detailed survey about their practice. Barron’s then conducts its own due diligence analysis and the resulting pool of candidates is then further screened to determine the Barron’s list of the country’s top 100 advisers.
Adviser is a full-service wealth management firm, offering investment management, financial and tax planning, managed individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trustsA legal document that functions as an instruction manual to how you want your money managed and spent in your later years as well as how your assets should be distributed after your death. Assets placed in a trust are generally safe from creditors and can be sold by the trustee in short order, avoiding the lengthy and costly probate process., institutions and foundations since 1994. Adviser Investments and its subsidiaries have over 5,000 clients across the country and over $8 billion in assets under management. Our portfolios encompass actively managed funds, ETFsA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index., socially responsible investments and tactical asset allocation strategies, and we’re experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To. To see a full list of our awards and recognitions, click here, and for more information, please visit www.adviserinvestments.com or call 800-492-6868.
Forbes’ “America’s Top Registered Investment Advisor Firms” ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerance vary, and advisors rarely have audited performance reports. Neither SHOOK nor Forbes receive compensation in exchange for its Registered Investment Advisor Firm placements or rankings, which are determined independently (see methodology above). Participation in this directory is limited to ranked firms; once placed on a ranking, firms may choose to pay fees to Forbes and Shook for premium listing features.Adviser Investments did not pay any fees. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor or firm and not indicative of future performance or representative of any one client’s experience. Investors must carefully choose the right advisor or firm for their own situation and perform their own due diligence. Past performance is not an indication of future results. For more information and a complete list of recipients, please visit www.forbes.com/sites/rjshook/2022/10/25/methodology-americas-top-ria-firms-2022 and www.SHOOKresearch.com, SHOOK is a registered trademark of SHOOK Research, LLC.
Year Recieved: 2022
The Barron’s “Top 100 RIA Firms” is based on assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. Advisors who wished to be ranked fill out a 102-question survey about their practice. The data is verified by Barron’s via regulatory databases and then a rankings formula is applied to the data. The formula features three major categories of calculations: (1) assets (2) revenue (3) quality of practice. In each of those categories multiple sub-calculations are performed. This recognition is not indicative of future investment performance nor represents client experience. A fee was not paid to for this ranking. For additional information and a complete list of recipients visit www.barrons.com/articles/barrons-methodology-for-ranking-financial-advisors.
The Boston Business Journal’s “Largest Independent Investment Advisers in Massachusetts” ranking is based on each participating firms’ assets under management as of June 1, 2022. Only firms that choose to participate are ranked and included on the top 25 list. The award sponsor has not disclosed how many firms were survey or considered for this recognition, nor the percentage of total participants that ultimately received recognition. Award is not indicative of future investment performance nor represents client experience. For more information and a complete list of recipients, visit www.bizjournals.com/boston/subscriber-only/2022/07/07/largest-independent-investment-advisers-in-massachusetts.html.
ThinkAdvisor’s LUMINARIES recognition program is judged by an editorial team chosen by ThinkAdvisor. Individuals, teams or organizations may be nominated and up to four entries per company may be submitted. Adviser Investments did not pay a fee in connection with this entry but was required to submit a description of the firm’s strategic initiatives as they relate to providing thought leadership and education to the organization, clients and broader financial community. ThinkAdvisor only disclosed that hundreds of entries were submitted within the Thought Leadership & Education category and 40 were chosen as finalists. This recognition is not indicative of client experience or future investment performancefor more information, visit event.thinkadvisor.com/luminaries-awards/criteria.
Pensions & Investments’ “Best Places to Work in Money Management” award is conducted by research firm Best Companies Group (BCG). Participating firms and their employees complete surveys assessing corporate leadership, 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, which must have an office in the United States, at least 20 employees and $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/best-places-work/10-years-success-and-record-100-winners.
Years Recieved: 2018, 2019, 2020, 2021
InvestmentNews’ “Best Places to Work for Financial Advisers” award is conducted in partnership with employee survey firm Best Companies Group. Winners are selected from a two-part survey completed by employers and employees. Employers report their organization’s workplace policies, practices and demographics. Employees complete a survey designed to measure the employee experience in areas such as leadership and planning, pay and benefits, corporate culture and communications and work environment. Scores from the employee survey represent three-quarters of the weight of the final rankings. Firms do not pay a fee to participate. 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 the list; in 2019–2022, 75 were 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. For more information and a complete list of recipients, visit https://bestplacesforadvisers.com.
Years Recieved: 2018, 2019, 2020, 2021, 2022
The Boston’s Best and Brightest Companies to Work For in the Nation® competition recognizes organizations displaying a commitment to human resource practices and employee enrichment. Only companies that voluntarily participate are considered for recognition. The competition assesses participating organizations based on categories such as communication, work-life balance, employee education, diversity, recognition, retention and more. Participation is not limited to companies in the financial services industry. In order to participate, an organization must have at least 20 employees, be in business for at least one year, complete the required surveys and pay any applicable fees. Participating organizations pay an analysis fee of $275. Participants are then benchmarked against participants both regionally and nationally. Also, certain fees are assessed to participants requesting specific analysis and reports on their application. Award is not indicative of future investment performance, nor does it represent client experience. For more information and a complete list of recipients, visit 2020 Best and Brightest Companies to Work For in the Nation® — The Best and Brightest.
Year Recieved: 2020
The Nation’s Best and Brightest Companies in Wellness® Program—in conjunction with their scoring partner SynBella—surveys and evaluates each participating organization’s efforts in employee wellness. Participation is not limited to companies in the financial services industry. In order to participate, an organization must have at least 10 employees; be in business for at least one year, complete the required surveys, and pay any applicable fees. Certain fees are assessed to participants requesting specific analysis and reports on their application. Participants are not required to pay any particular fee or purchase any particular analyses or reports. For more information and a complete list of recipients visit https://thebestandbrightest.com/programs/participation/.
Years Received: 2018, 2019, 2020, 2021, 2022
The Best Wellness Employer Bronze Certification, is sponsored by Wellness Workdays. Applicants 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 $129 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. For more information visit Best Wellness Employer | Certification & Research Wellness | Wellness Workdays.
Years Recieved: 2020, 2021
Awards referenced above do not consider client experience and are not indicative of such. Nor are awards indicative of future performance. Unless otherwise noted, Adviser Investments does not pay a fee to participate in any of these awards. Additionally, awards typically only consider and recognize participants that choose to participate; and are often based on information supplied by the participants—such information should not be assumed to be verified by the sponsor of the award.
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