At Bartlett Wealth Management, we constantly strive to demonstrate smart growth, both organically and through strategic mergers and acquisitions. That’s one reason we are pleased to announce Bartlett has been recognized among firms across the nation as one of Barron’s prestigious Top 50 RIA (Registered Investment Advisor) Firms.
This distinction, a first for Bartlett, comes on the heels of our expansion to Chicago after acquiring Lodestar Investment Counsel, LLC in July 2019. That move was part of a strategic growth plan to expand our capabilities while continually providing top-notch service and offerings to clients across the Midwest and beyond.
Barron’s notes that last year was one of significant growth for RIAs; the top firms on their list grew more than 40 percent since last year’s ranking. The publication also expanded the list from the Top 40 Firms in 2018 to the Top 50 in 2019 to reflect the change.
“It’s an honor to be recognized by Barron’s as one of the top RIA firms in the nation,” said Bartlett President and CEO Kelley Downing. “Our team works diligently every day for our clients to help them identify the purpose of their wealth and what goals they have for their financial future in order to develop a custom plan to help them succeed. The success we have as a firm is important to all of us, because it means success for our clients and they are our top priority.”
In order to qualify as one of Barron’s Top 50 RIAs, candidates must meet the following criteria:
- The firm is a formal legal entity (Corporation, LLC or LLP) and employs a formal CEO, along with other C-suite executives.
- The firm’s advisors are client-facing representatives who provide both fee-based investment advice and financial planning services.
- The firm’s advisors are formal employees of the firm, not consultants or affiliates.
- The firm’s advisors report their regulatory assets under management through the firm’s corporate ADV.
- The firm provides advisors with technology, compliance, and investment resources that foster a consistent client experience throughout the firm’s individual advisory practices.
- The firm serves primarily private-wealth clients. Specifically, 50 percent or more of the firm’s regulatory assets under management (AUM) should be attributable to some combination of these three categories of client: 1) individual investors (including mass affluent, high net worth, and ultra-high net worth); 2) charitable organizations/foundations; 3) endowments. For reference, these three categories are captured in the SEC’s form ADV as choices (a), (b) and (h) under Item 5.D. Question 2.
Participation in the ranking is by invitation only. Barron’s invites approximately 200 hand-picked firms, who are pre-screened for eligible AUM and revenue levels.
As always, Bartlett thanks our wonderful clients, partners, and friends who allow us to continually strive for excellence in our research and service delivery.