Recognition

InvestmentNews names the financial advice industry’s 2016 “Best Practices”
Fourth annual awards program recognizes firms for excellence in practice management, financial performance

New York, NY – October 18, 2016 InvestmentNews today named the winners of the 2016 Best Practices Awards, an important initiative that recognizes the top-performing and most innovative firms in the financial advice industry.

The 12 winners of the InvestmentNews Best Practices Awards were identified through their participation in the 2016 Financial Performance Study of Advisory Firms, and recognized today at The Best Practices Award and Workshop, hosted at the New York Athletic Club.

“The Best Practices winners truly approach their businesses as CEOs and not just as advisers,” said Mark Bruno, associate publisher at InvestmentNews and head of InvestmentNews Research. “All of these firms are run by people with a long-term vision for their organization – and an ongoing commitment to improving and enhancing their businesses. Their accomplishments and stories will help educate, inform and influence the growth of this industry.”

To identify the 2016 Best Practices Award winners, InvestmentNews Research created composite scores that examined the rate of growth, profitability and productivity levels for all of the participants in the 2016 InvestmentNews Financial Performance Study. The “Best Practices” were those who ranked among the top-quartile of all participants; in addition, the final firms were selected after qualitative interviews conducted by the InvestmentNews Best Practices Committee.

The 2016 Best Practices Award Winners are:
Balentine LLC
Berman McAleer, LLC
Botsford Financial Group
Capital Advisors, Ltd.
Financial Development Systems, LLC
HTG Investment Advisors Inc.
LBMC Investment Advisors
Rinvelt & David, LLC
Sage Financial Group
Singer Xenos Wealth Management
Tolleson Wealth Management
WMS Partners, LLC

This is the fourth consecutive year that InvestmentNews has recognized the industry’s top-performing firms as part of the Best Practices program. All of the firms honored have participated in InvestmentNews’ primary benchmarking studies: The Advisers Compensation & Staffing Study, The Financial Performance Study of Advisory Firms and The Adviser Technology Study.

About InvestmentNews
Since 1998, InvestmentNews has been delivering news, analysis and research essential to the business of financial advisers. Readers have come to rely on InvestmentNews for up-to-date information on the stories and events affecting their clients’ investments, their industry and their practices, making it the number one source of news and information to the financial adviser community. The InvestmentNews main office is located in New York, with bureaus in Boston, Irvine, Chicago, San Francisco and Washington, DC. InvestmentNews is part of Crain Communications.

For more information, please contact:
Mark Bruno
Associate Publisher
InvestmentNews
mbruno@investmentnews.com

The 2016 Best Practices Award from InvestmentNews is initially based on a voluntarily survey submitted by industry professionals. The survey also included the following to benchmarks to be included in the Financial Performance study which is used as a basis for consideration for the Best Practices Award: to be a firm established prior to January 1, 2015 and to have $100,000 or more in revenue. Per InvestmentNews 222 firms participated in the study.