Here’s how we figure out the FA 100 ranking for 2022

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Here's how we determine the FA 100 ranking for 2022

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CNBC employed information service provider AccuPoint Solutions to help with the ranking of signed up financial investment consultants for this year’s FA 100 list.

The approach included very first evaluating a range of core information points from AccuPoint Solutions’ proprietary database of signed up financial investment consultants. This analysis began with a preliminary list of 39,818 RIA companies from the Securities and Exchange Commission regulative database. Through a procedure, the list was ultimately cut to 904 RIAs, with those companies fulfilling CNBC’s exclusive requirements.

CNBC personnel sent out a substantial e-mail study to all those companies that satisfied the preliminary requirements to collect more information. In turn, those advisory companies wanting to be ranked submitted the detailed application in regard to their practice. The CNBC group confirmed that information with those companies and with the SEC regulative database. AccuPoint when again used CNBC’s exclusive weighted classifications to more improve and rank the companies, eventually developing the list of the top 100.

CNBC does not charge any kind of cost to consultants to be noted in the yearly ranking.

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The main information points utilized in the analysis were evaluated, either as a minimum standard or within a variety, removing those companies that did not satisfy CNBC’s requirements. Once the preliminary list was put together, weightings were likewise used appropriately. These information points consisted of:

  • Advisory company’s regulatory/compliance record (editor’s note: Any company that had a disclosure on its SEC ADV was instantly disqualified from the ranking)
  • Number of years in business
  • Number of accredited monetary organizers
  • Number of staff members
  • Number of financial investment consultants signed up with the company
  • The ratio of financial investment consultants to overall variety of staff members
  • Total properties under management
  • Percentage of discretionary properties under management
  • Total accounts under management
  • Number of states where the RIA is signed up
  • Country of residence.