Madison Receives Distinguished Recognitions

Madison has more good news to share on the heels of being recognized by the Business Courier as a finalist for its 2021 Best Places to Work awards! Several leading publications, including the Financial Advisor, Five Star Wealth Professional, Advisory HQ, The Cincinnati Business Courier, and the Washington Business Journal, have recognized Madison this year.

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

Financial Advisor magazine recognized Madison in their annual ranking of Registered Investment Advisors, in the top 330 firms in the nation. As an independent Registered Investment Advisor (RIA), Madison is a fiduciary and has a fiduciary duty to act in the best interest of our clients and to disclose any possible conflicts of interest. Ethically, legally and philosophically, our interests are aligned with our clients.

Several of our advisors are multi-year Five Star Wealth Managers including Joe Hack, CFP®, Alan Henning, CFA, Sally Humphrey, MBA, Ed Kuresman, CFA,  James McDermott, CFP® and Brad Meeks, CFA. 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 2021, a total of 1,357 Cincinnati wealth managers were considered for this award and 216 (only 16% of candidates) were named Five Star Wealth Managers.

Our guiding principles have factored into being named a top Cincinnati RIA for several years in a row by the online news media site AdvisoryHQ, which independently researches and ranks financial advisory and wealth management firms.

AdvisoryHQ states: “Madison Wealth is fully committed to serving its clients and takes its fiduciary duty very seriously. The team’s collaborative approach addresses and anticipates each client’s needs, making a great base for a long-term relationship built upon understanding, trust, and mutual respect. With a highly experienced and dedicated team, in-depth financial planning services, and a strong client commitment, Madison Wealth Management easily solidifies its 5-star rating as one of the best wealth management firms in Cincinnati to consider partnering with this year.”

On the home front, Madison was named in two distinguished lists. The Cincinnati Business Courier ranked Madison among the Top 25 Largest Greater Cincinnati Money Management Firms by locally managed assets. Madison was also ranked among the Washington Business Journal’s Top 25 Wealth Management Firms by metro-area financial planners.

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

Disclosure:  SEC registration does not constitute an endorsement of Madison by the Commission nor does it indicate that Madison has attained a particular level of skill or ability.

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 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.