Press Release

KAR Ranked as Barron’s Top Independent Advisor For 2022

September 30, 2022

Spuds Powell, Managing Director of Kayne Anderson Rudnick (KAR) Wealth Advisors, and the KAR Wealth Advisory team have ranked first on Barron’s Top 100 Independent Advisors list for 2022.

This marks the fifth time Powell has ranked first overall among Barron’s top independent advisors and the tenth consecutive year within the top 10, including a four year stretch as number one from 2017-2020. Powell is the only independent advisor to hold the number one ranking for five or more years. His ten-year milestone achievement automatically triggered the Hall of Fame induction.


Spuds Powell and the KAR Wealth Advisory team’s capability to maintain their presence on this prominent list for the past decade is a testament to their consistency in developing and sustaining client relationships,” said KAR Executive Managing Director Stephen A. Rigali. “Our ranking at number one is reflective of the team’s commitment to client communication and their work during a tumultuous year.


The Barron’s Top Independent Advisor 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. KAR has not paid to participate in the ranking or for the ranking itself.


Kayne Anderson Rudnick’s wealth management team also appeared on Barron’s 2022 list of the Top 1,200 Advisors by State and Forbes’ 2022 list of Best-In-State Wealth Advisors.


For more information on the ranking, visit:


For more information on the Barron’s Hall of Fame, visit:


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.

The Barron’s Hall of Fame Advisor Award is an award honoring a group of advisors who exemplify long-term success and commitment to their clients.  Each member of the Hall of Fame has appeared in Barron’s annual Top 100 Advisor rankings for 10+ years, and their long-looking commitment to excellence is a hopeful example for the industry to follow. KAR has not paid a fee to participate in the award or to reprint and distribute the result of the award. 

Forbes’ 2022 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’ 2022 Best-In-State Wealth Advisors Ranking, please visit here.


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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.
Past performance is no guarantee of future results.