NEW ORLEANS, June 22, 2017 /PRNewswire/ -- GWM Advisors, a recently founded New Orleans and Baton Rouge based company, is pleased to announce it has been named to the 2017 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.
This is the fourth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry.
As notable as the distinction itself, is the speed in which the firm has accomplished it. The firm, founded in June 2014, has rapidly grown to service over 1.5 Billion* in brokerage and advisory assets. The "average" firm in this year's list has been in existence 24 years.
Neil Turner, President of GWM Advisors says, "We are honored and delighted our firm has been recognized by Financial Times. It is a privilege to be recognized by one of the world's leading business news organizations, and to accomplish this in Louisiana and Gulf South makes it even more special for us."
RIA firms applied for consideration, having met a minimum set of criteria. Applicants were then graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm's advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.
The final FT 300 represents an impressive cohort of elite RIA firms, as the "average" practice in this year's list has been in existence for 24 years and manages $2.7 billion in assets. The FT 300 Top RIAs hail from 37 states and Washington, D.C.
The FT 300 is one in a series of rankings of top advisers by the Financial Times, including the FT 401 (DC retirement plan advisers) and the FT 400 (broker-dealer advisers).
* Figures as of June 7, 2017.
** The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times (June, 2017). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT's research. The listing reflected each practice's performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice's future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.
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SOURCE GWM Advisors