Congratulations to Bob Mellon, CPWA®; Chris Odem, CIMA®; Pete Forras, AWMA®; Peter Wicklund, CFA, CFP®; Robb Carter, CFA; Christine Opp, CFA, CFP®; Andrew Erisman, CIMA®; and Bobby Gentry, CFP®. Each advisor has been recognized by Five Star Professional as a 2021 Five Star Wealth Manager.
According to Five Star Professional, 2,938 award candidates in the Seattle area were considered for the Five Star Wealth Manager award and 284 (approximately 10 percent of candidates) were named 2021 Five Star Wealth Managers. The Five Star Wealth Manager and Investment Professional awards are based on ten objective criteria. Please see the disclosures below for the complete list.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future.
For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com.
2,938 Seattle-area wealth managers were considered for the award; 284 (10% of candidates) were named 2021 Five Star Wealth Managers. 2020: 2,735 considered, 273 winners; 2019: 2,752 considered, 290 winners. 2018: 2452 considered, 266 winners; 2017: 1785 considered, 436 winners; 2016: 1678 considered, 412 winners; 2015: 2023 considered, 530 winners; 2014: 2649 considered, 424 winners; 2013: 2732 considered, 664 winners; 2012: 2697 considered, 682 winners.
Investment Management Consultants Association® (IMCA®) is the owner of the certification marks “CIMA®”, “CPWA®,” “Certified Investment Management Analyst®,” and “Certified Private Wealth Advisor®." Use signifies that the user has successfully completed IMCA’s initial and ongoing credentialing requirements for certification. For additional information regarding CPWA requirements, visit http://www.imca.org/cima or https://www.freestonecapital.com/important-disclosures.
Accredited Wealth Management Advisor SM and AWMA® are trademarks or registered service marks of the College for Financial Planning in the United States and/or other countries.
CFA Institute is the owner of the certification marks “CFA®”. Use signifies that the user has successfully completed the CFA Institute initial and ongoing credentialing requirements for certification. For additional information regarding CFA requirements visit https://www.cfainstitute.org/en/programs/cfa/charter or https://www.freestonecapital.com/important-disclosures.