Madison Receives Industry Recognition

Madison has good news to share! A few leading publications, including the Financial Advisor, Five Star Wealth Professional, the Washington Business Journal, and The Cincinnati Business Courier, have recognized Madison recently 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 of our latest examples:

On the home front, Madison was ranked among a few distinguished lists. The Washington Business Journal’s Top 25 Largest Wealth Management Firms based on the number of Washington, DC metro-area financial planners. The Cincinnati Business Courier ranked Madison among the Top 25 Largest Greater Cincinnati Area Money Management Firms by locally managed assets.

The Cincinnati Business Courier also recognized Madison as a finalist for its 2023 Best Places to Work awards. This is the third year Madison has been included. The program recognizes organizations in Greater Cincinnati that rank the highest at keeping employees happy and engaged. Employees were anonymously surveyed, and companies were then ranked by an independent third party and scored in multiple areas, including senior leadership, team effectiveness, work recognition, and benefits. This nomination is a reflection of the values Madison was founded on and aspires to achieve each and every day.

Financial Advisor magazine again recognized Madison in its 2023 annual Registered Investment Advisors ranking in the top 300 firms in the nation. As an independent Registered Investment Advisor (RIA), Madison 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.

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: 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. For more information on these awards and their methodology, please visit our website at https://www.madisonadvisors.com/important-disclosure-information/

Financial Advisor Ranking:  The “2023 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. Over 500 firms were ranked. Financial Advisor magazine has not disclosed how many firms were invited to participate.

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.

Washington Business Journal: Largest Wealth Management Firms (2023)
The Washington Business Journal’s Largest Wealth Management Firms list is based on the number of metro-area financial planners, metro-area employees, and 2022 Revenue. In 2023, Madison ranked in the top 25 in the Washington Metro-area based on the number of metro-area financial planners. For more information please see https://www.bizjournals.com/washington/subscriber-only/2023/07/14/largest-wealth-management-firms-in-greater-washington.html

Cincinnati Business Courier: Largest Cincinnati Area Money Management Firms (2023)
The Cincinnati Business Courier ranks the top 25 local money management firms annually by size. Rankings are based on the amount of assets under management at both the local level (Cincinnati Branch) as well as total firm assets under management. These numbers are firm-reported and are current as of 5/1/2023. For more information please see  https://www.bizjournals.com/cincinnati/subscriber-only/2023/07/21/largest-cincinnati-area-money-management-firms.html

Cincinnati Business Courier: Top Places to Work Finalist (2023)
The Cincinnati Business Courier ranks “best places to work” by administering employee surveys through a third party, Quantum Workplace. Companies are rated by their employees in areas such as senior leadership, team effectiveness, work recognition and benefits. Quantum then scores the companies and ranks the “best places to work” in five size categories as determined by employee size. For more information, please see https://www.bizjournals.com/cincinnati/news/2023/06/29/2023-best-places-to-work-awards-finalists.html