WESCAP Group Named Top Adviser for 2014 by the Financial Times
The Financial Times, the world-renowned global financial newspaper (in existence since 1888), recently released their list of Top 300 Financial Advisers for 2014. WESCAP Group is named as one of the Top 300.
Read by over 1.3 million people in 140 countries, The Financial Times invited 2,000 qualified firms to apply for consideration and selected their top 300 firms from 37 states and the District of Columbia. Neither the RIA firms nor their employees pay a fee to The Financial Times for their inclusion in the FT 300.
In its report, The Financial Times points out that the “average” firm on the Top 300 list manages $2.8 billion in assets. As a boutique investment management firm with just over $925 million in assets under management (as of September 30, 2014), the inclusion of our firm is a great honor. By using sophisticated technology and advanced investment and financial planning techniques, we are able to provide holistic wealth management services that are typically found at the largest advisory firms.
From the Financial Times:
“The principle behind the Financial Times 300 is to center the criteria on the affluent and wealthy investors who tend to be readers of the Financial Times. We assessed the registered investment adviser (RIA) practices from the perspective of current and prospective investors.
The Financial Times’ methodology is quantifiable and objective. We went through the database of RIAs who are registered with the US Securities and Exchange Commission, and selected those practices reporting to the SEC that they had $300m or more in assets under management. That ensured a list of firms with established and institutionalized investment processes. The RIA firms had no subjective input. The FT then invited qualifying RIA firms – more than 2,000 – to fill in a lengthy application that gave more information about their practices. We augmented that information with our own research into the practices, including data from regulatory filings.”
Learn More: Financial Times 300 Ranking Criteria
For the first time, The Financial Times included Registered Investment Advisors (RIAs) in their national rankings. In the past, their annual rankings only included advisors registered with a broker-dealer. The distinction is significant because RIAs such as WESCAP Group have a fiduciary duty to act in the best interest of their clients, while registered representatives (brokers) are held to the much lower standard of making “suitable” investment recommendations, often with disregard for higher fees and commissions.
We would like to sincerely thank our clients for their ongoing commitment and trust and look forward to partnering with them for many years to come.
WESCAP Group Ranked Top RIA Firm for 2014 by Financial Advisor Magazine
WESCAP Group was ranked as one of the top Registered Investment Advisory firms in the nation again this year by Financial Advisor magazine.
WESCAP Group Ranked Top 5 Money Management Firm on “THE LIST”
WESCAP Group was recognized as a Top 5 Money Management Firm in the May 5th 2014 edition of the San Fernando Valley Business Journal. “THE LIST” ranked WESCAP Group as the second largest Registered Investment Advisory firm and the fifth largest money manager in the San Fernando Valley.