Accounting Today Names Hewins Financial | Wipfli Hewins the Seventh-Largest "Wealth Magnet" for 2016
REDWOOD CITY, Calif., June 29, 2016 /PRNewswire/ -- Hewins Financial | Wipfli Hewins (Hewins), a national, CPA-based financial advisor, has been recognized as the seventh-largest CPA financial planner in the nation by Accounting Today.
For nearly two decades, Hewins has collaborated with its affiliate Wipfli LLP, a leading, Midwest-based CPA firm, to provide clients with an integrated approach to wealth management.
As part of its report, Accounting Today chronicled the top challenges currently facing the advisory industry, including the familiar topics of technology, talent acquisition and volatile markets. But this year, the publication brought a new concern to the forefront: the Department of Labor (DOL)'s fiduciary rule, which was released in April.
The legislation, which requires all retirement plan advisors to abide by the fiduciary standard of care, is a major game-changer for the industry at large; under the rule, advisors who weren't previously required to uphold the fiduciary responsibility to their clients will be forced to redefine their services, overhauling the ways in which they currently do business.
But for Hewins, the rule does the exact opposite — it only emphasizes the standard of service the firm has provided clients since it opened for business in 1999. "As a registered investment advisor, our firm proudly upholds the fiduciary standard," says Erika Young, Director of Employer Plan Services at Hewins. "We've always provided objective advice solely focused on our clients' best interests, not sales or commissions."
To qualify, companies must be CPA firms that have a financial planning practice (including subsidiaries and affiliates). At minimum, one of the advisors in the practice must be a licensed CPA. For the full list and ranking criteria, please view the original report. The award discussed herein is not indicative of future performance or representative of any client experience.
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