InvestmentNews is proud to salute 100 local heroes — the best of the best in their respective regions.
The winners of the inaugural Top Regional Fee-Only RIAs were selected based on ensuring exemplary client service and expertise, and on data reported to the Securities and Exchange Commission on Form ADV. The full methodology can be viewed here.
Prowell Financial Management is an award winner in the Northeast region. The $6.4 billion AUM firm, based in Exton, Pennsylvania, is a family-run, family-focused business.
“We understand families,” says Courtney Kauffman, certified financial planner at Prowell, which was started more than three decades ago by Kauffman’s father, Mark.
“We get the difficulty of managing family relationships while running a company because that’s not always the easiest thing in the world. We bring a sense of comfort to our clients," Kauffman said.
Part of being a trusted firm to its clients is their awareness of its limitations. It’s not because of the size of their team or because they can’t do something but because they might have someone better suited for the client.
“We’ve made sure that we have surrounded ourselves with amazing professionals in the field,” Kaufmann says. “Whether that’s legal work, accounting or whatever a high-net-worth family would need, so that any recommendation we give, we truly believe in.”
In terms of a state-by-state comparison, California leads the way with 447 firms that manage $407.8 billion in AUM. In second place was Texas with 208 firms and $313.7 billion in AUM. In third and fourth place were New York and Illinois, with 145 firms and 121 firms, and $160.7 billion and $94.6 billion in AUM, respectively.
New report shows dimmed outlook for benefits to retirees and disabled Americans, creating further pressure for federal tax hikes or more borrowing.
Open letter to SEC Chair Paul Atkins questions whether the Ivy League university withheld material information prior to its $750 million taxable bond offering.
The Las Vegas-based hybrid RIA overseeing $8.8 billion in assets has named Andy Kalbaugh president to help scale its advisor platform.
The wealth tech giant – in collaboration with Fidelity, BlackRock, State Street, and Franklin Templeton – is offering its advisor and wealth firm users more ways to diversify.
Deal volume increased post-election but now caution has taken over.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
