LOS ANGELES – Spuds Powell, Managing Director of Kayne Anderson Rudnick (KAR) Wealth Advisors, and the KAR Wealth Advisory team have ranked among Barron’s Top 100 Independent Advisors for 2021.
This marks the ninth consecutive year that Powell and team have been recognized by Barron’s among the Top 10 Independent Advisors, including a four year stretch from 2017-2020 in which they were ranked first overall.
“Spuds Powell and the KAR Wealth Advisory team have demonstrated great ability to nourish client relationships even during the most uncertain of times,” said KAR Executive Managing Director Stephen A. Rigali. “We would like to thank our clientele for their earned trust, and we are honored to be recognized once more in this prestigious ranking.”
The Barron’s ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, and the quality of the advisors’ practices. The scoring system assigns a top score of 100 and rates the rest by comparing them with the top-ranked advisor.
Members of Kayne Anderson Rudnick’s wealth management team also appeared on Barron’s 2021 list of the Top 1,200 Advisors by State and Forbes’ 2021 lists of Top Wealth Advisors and Best-In-State Wealth Advisors.
At Kayne Anderson Rudnick, you can trust our wealth management advisors to build and protect your wealth with integrity and discipline. Contact us today.
About Kayne Anderson Rudnick
Kayne Anderson Rudnick is an investment and wealth advisory firm founded in 1984 by John Anderson (a Forbes 400 billionaire and the benefactor of UCLA’s Anderson School of Management). Based in Los Angeles, the firm has $61.2 billion in assets under management as of June 30, 2021. The company manages assets for corporations, endowments, foundations, public entities and high net worth individuals. With over 30 years of experience, the firm is known for its commitment to high quality in its business practices, investment strategies and wealth solutions.
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Ranking Criteria
Barron’s “Top 100 Independent Advisors” and “2021 Top Advisor Rankings by State”: The rankings are based on data provided by individual advisors and their firms. Advisor data is confirmed via regulatory databases, cross-checks with securities firms and conversations with individual advisors. The formula Barron’s uses to rank advisors is proprietary. It has three major components: assets managed, revenue produced, and quality of practice. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by the risk tolerance of clients. The quality-of-practice component includes an evaluation of each advisor’s regulatory record. KAR has not paid a fee to participate in the rankings, but has paid fees for a license to access reprints and distribute links to the results of the rankings via email, social media, and KAR’s website for a prescribed period of time.
For additional information on the ranking, please visit here.
For additional information on the ranking, please visit here.
Forbes’ 2021 Top Wealth Advisors and 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 that 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’ 2021 Top Wealth Advisors ranking, please visit here.
For additional information on the Forbes’ 2021 Best-In-State Wealth Advisors Ranking, please visit here.
