July 8, 2019 – Capital Advisors, Ltd. is pleased to announce it has been named to the 2019 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S. Neil Waxman and Mark Ciulla are Managing Directors of Capital Advisers.
This is the sixth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry, and assesses registered investment advisers (RIAs) on traits desirable to investors. To ensure a list of established companies with substantial expertise, a database of RIAs registered with the US Securities and Exchange Commission was examined with those selected that reported $300M or more in assets under management (AUM). The Financial Times invited more than 2,000 qualifying RIA companies to complete a lengthy application that provided detailed information. Some 740 RIA companies applied and 300 made the final list.
The formula FT uses to grade advisers is based on six broad factors and calculates a numeric score for each adviser. Areas of consideration include adviser AUM, asset growth, the company’s age, industry certifications of key employees (CFA, CFP, etc.), SEC compliance record and online accessibility. The reasoning behind FT’s belief that this is the fairest way to identify the industry’s elite advisers while accounting for the companies’ different approaches and different specialization are as follows:
- AUM signals experience managing money and client trust.
- AUM growth rate can be a proxy for performance, as well as for asset retention and the ability to generate new business.
- Companies’ years in existence indicates reliability and experience of managing assets through different market environments.
- Compliance record provides evidence of past client disputes — a string of complaints can signal potential problems, for example.
- Industry certifications (CFA, CFP, etc) show the company’s staff has industry knowledge and signals a professional commitment to investment skills.
- Online accessibility demonstrates a desire to provide easy access and transparent contact information.
AUM accounted for an average of 70 to 75 per cent of each adviser’s score. Also, asset growth accounted for an average of 15 per cent. This year, to emphasize long-term client satisfaction, FT also used a three-year growth rate instead of the one- and two-year growth rates used in the past. Additionally, FT caps the number of advisory companies from any one state, based roughly on the distribution of millionaires across the US. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.
Please Note: Limitations: Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Capital Advisors is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see link as to participation data/criteria, to the extent applicable). Unless expressly indicated to the contrary, Capital Advisors did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Capital Advisors by any of its clients. ANY QUESTIONS: Capital Advisors’ Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking.