On April 11 the Financial Times, FA-IQ’s parent company, introduced the inaugural FT 400 list, which recognizes top advisors across the U.S.
To make the cut, practitioners had to have at least $250 million in assets under management and 10 years of experience. Qualifying candidates were then scored on six attributes: AUM, AUM growth rate, compliance record, experience, industry certifications and online accessibility.
“This inaugural edition of the FT 400 is meant to empower high-net-worth investors to choose among the industry’s top advisors, at a time when it is so critical for investors to get good advice,” says Gavin Daly, director of financial publishing for the Financial Times. "The investing landscape has evolved since the financial crisis, and with it, the demands on financial advisors. That is why we decided it was time to offer a new way to look at what makes a top advisor."
The FT 400 advisors come from 37 states and Washington, D.C. They represent 16 broker-dealer firms, including the four largest. The average advisor on the list has 26 years of experience in the industry and manages an impressive $1.3 billion. And more than two-thirds of the money managed by FT 400 advisors is in fee-based accounts.
For a special report with the full list of FT 400 advisors by name, location, company and investor segment served, click here. The report appeared on FT.com and in the April 11 edition of the Financial Times newspaper.