For more information on the Forbes Top 100 RIA ranking, visit: https://www.forbes.com/lists/top-ria-firms/?sh=46b1696c3cd5
“We are especially proud of this recognition which took into account an understanding of the overall client experience, among other criteria,” said KAR Executive Managing Director Stephen A. Rigali. “The entire KAR wealth management team has the best interest of their clients at the forefront of their work, and it is an honor that we have ranked this highly out of over 36,000 nominations.”
According to R.J. Shook, President of Shook Research, the Forbes Top RIA ranking is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data such as revenue, assets under management, and client-related data including retention rates.
Kayne Anderson Rudnick’s wealth management team also appeared on Barron’s 2022 list of the Top Independent Advisors, Top 1,200 Advisors by State and Forbes’ 2022 list of Best-In-State Wealth Advisors.
Forbes’ Top RIA Firms 2022 and Forbes’ 2022 Best-In-State Wealth Advisors: Forbes includes wirehouses along with RIAs in their ranking. The Forbes rankings, developed by SHOOK Research, are based on an algorithm of qualitative criteria, gained through telephone, virtual and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years’ experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their approach to working with clients. Each variable is graded and represents a certain value for each measured component. The algorithm measures thousands of advisors against each other. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. KAR has not paid a fee to participate in the rankings but has paid fees for a license to reprint and distribute the results of the rankings. For additional information on the Forbes’ Top RIA Firms 2022, please visit here. For additional information on the Forbes’ 2022 Best-In-State Wealth Advisors Ranking, please visit here.
For the Barron’s “Top 100 Independent Advisors” Barron’s utilizes the results from a 102-question survey that is completed by advisors who wish to be ranked. Barron’s verifies that data with the advisors’ firms and with regulatory databases and then applies its rankings formula to the data to generate a ranking. The formula features three major categories of calculations: (1) Assets (2) Revenue (3) Quality of practice. Barron’s also measures the growth of advisors’ practices and their client retention along with a wide range of qualitative factors, including the advisors’ experience, their advanced degrees and industry designations, the size, shape, and diversity of their teams, their charitable and philanthropic work, and their compliance records. KAR has not paid a fee to participate in the rankings but has paid fees for a license to reprint and distribute the results of the rankings.
For more information on the ranking, visit: https://www.barrons.com/advisor/report/top-financial-advisors/independent?mod=faranking_subnav.