Press Release

Spuds Powell and Tom Connaghan Recognized by Forbes as Best-in-State for 5th Year in a Row

April 29, 2022

KAR is proud to announce that Spuds Powell, Managing Director, and Tom Connaghan, Senior Wealth Advisor, have both been recognized on the Forbes 2022 Best-in-State Wealth Advisors list. Spuds was recognized at No. 4 in Los Angeles for high-net-worth clients and Tom was recognized at No. 6 for high-net-worth clients in San Francisco.

Please see the full list and coverage in Forbes here.


According to the authors of the list, Forbes and SHOOK Research, each advisor “is chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews; industry experience; compliance records; revenue produced; and assets under management.”


Within the methodology write up, Forbes comments, “Here’s what our research has found: the very best advisors are laser focused on having a positive impact on their clients’ lives, they want to add meaning and help them live better lives.”


The full list features more than 6,500 advisors managing a collective $10 trillion.


Commenting on the recognition, Stephen Rigali, KAR Executive Managing Director said: “The KAR team is proud to congratulate Spuds and Tom on this achievement. Being recognized among this esteemed list showcases the professionalism and acumen of Spuds and Tom and highlights the commitment of the firm to all of our clients.”


To view Spud’s featured profile within the list, click here: Spuds Powell (
To view Tom’s featured profile within the list, click here: Thomas Connaghan (


Learn more about our Wealth Advisory Services and contact Spuds and Tom today.



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.