Madison Recognized in RIA Industry

Madison Wealth Management has some good news to share! Several leading industry publications, including the Financial Times and Financial Advisor, have again recognized us in their respective annual rankings of Registered Investment Advisors (RIAs).

It is estimated that there are more than 10,000 RIAs in the nation. And we are proud to stand apart. Here are some recent examples:

The Financial Times published its seventh annual edition of the 300 Top Registered Investment Advisers. Their 2020 report names Madison as part of an elite group of 300 Registered Investment Advisors (RIAs) in the U.S.  The FT focused upon six broad factors that they believe provide insight into a firm’s experience in managing assets through different market environments, establishing client trust, possessing industry knowledge, and a professional commitment to investment skills. They noted that “breadth of service is a key theme in this year’s list” and Madison is pleased to be among those recognized.  Please click here to view the full report and methodology used.

Madison was also ranked in 2020 by Financial Advisor as 19th in the nation in terms of Assets Under Management for firms in the $500 million < $1 billion asset category. Overall, Madison ranked 333 Financial Advisor in terms of managed assets.

And several of our advisors are multi-year Five Star Wealth Managers, including Sally Humphrey, principal and senior wealth advisor, who joined Madison in January 2019. There are multiple objective criteria in order to be chosen as a Five Star Wealth Manager, including the education and professional designations of an advisor, as well as being actively licensed for at least five years and having a favorable regulatory and complaint history review. In 2020, a total of 1,406 Cincinnati wealth managers were considered for this award and 216 (only 16% of candidates) were named Five Star Wealth Managers.

On the home front, Madison was ranked among the Cincinnati Business Courier’s Top 25 Largest Greater Cincinnati Money Management Firms by locally managed assets. And, our guiding principles have factored in to being named a top Cincinnati RIA for several years in a row by online news media site AdvisoryHQ, who independently researches and ranks financial advisory and wealth management firms. AdvisoryHQ states: “With a highly experienced team, in-depth financial planning, and a strong client commitment, Madison Wealth Management solidifies their 5-star rating as one of the best financial advisors in Cincinnati to consider partnering with this year.”

 Madison is deeply grateful to its clients and team members as our success is a reflection of you. One of our main priorities is to form long-lasting relationships with our clients and team members, where we build upon a base of understanding, trust, communication, and mutual respect.

Disclosure: The awards mentioned above should not be construed as a guarantee that a client or prospective client will experience a certain level of results if Madison is engaged, or continues to be engaged; nor should they be construed as a current or past endorsement of Madison or any of its representatives by any of its clients. Investment performance is not a criterion for any of the above listed awards. Neither Madison nor any of its employees pay a fee in exchange for inclusion of the awards.
Financial Times Ranking:  The Financial Times 300 Top Registered Investment Advisors is an independent listing produced annually by the Financial Times. The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility.
Financial Advisor Ranking:  The “2020 Financial Advisor Magazine RIA Survey & Ranking” comes from Financial Advisor magazine—a publication covering the investment advisory industry— surveys and publishes an annual list of independent registered investment advisers, ranked by assets under management. To be eligible to participate, firms must be registered investment advisers and provide financial planning and related services to individual investors. Only advisers that complete and submit Financial Advisor magazine’s survey are included in the rankings. In 2020, 551 firms were ranked. Financial Advisor magazine has not disclosed how many firms were invited to participate.
Advisory HQ Ranking:  The selection methodology applies certain initial criteria to a list of advisers and wealth managers developed by AdvisoryHQ through public sources.  This initial criteria includes: fee structure; fiduciary duty; independence; and scale of innovation.  After limiting the initial list using this criteria, AdvisoryHQ utilizes the following final selection filters:  resource availability; experience level; transparency; customized service; quality of website; open door policy; and audience.
Five Star Wealth Manager:  Five Star Professional has partnered with Cincinnati Magazine to help consumers find wealth managers and investment professionals in their area. A research process is used to identify a broad population of candidates. The award is based on 10 objective criteria: 1) Credentialed as a RIA or RIA rep 2) Actively licensed as an RIA or as a principal of an RIA firm for minimum of 5 years 3) Favorable regulatory and complaint history review 4) Fulfilled firm review based on internal standards 5)Accepting new clients 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.