LOS ANGELES, March 10, 2017 /PRNewswire/ -- Barron's #1 Independent Financial Advisor for 2016, Fred Fern, has been ranked on "America's Top 1200 Financial Advisors List" in Barron's for the state of California for 2017. Mr. Fern is proud to be ranked among top advisors in California. While Mr. Fern's firm provides services to the entire US, Churchill Management's headquarters has always been centered in Los Angeles, CA. Mr. Fern grew up in L.A.'s Hancock Park and always wanted to serve his community. As Mr. Fern puts it "I want to build personal relationships with my clients and shake their hands when we meet their investment goals." Churchill's humble beginnings in 1963 originated with Mr. Fern's close family members and has now grown to including over 5,000 clients with over $4 billion in assets under management as of March 10, 2017. While Mr. Fern still shakes many hands, he has an outstanding team that helps serve his growing client base.
The firm blends both Fully Invested and Tactical equity strategies tailored to a client's unique goals, typically with the aim of preservation of capital. For example, the firm largely avoided the pain of the 2008 bear market within its Tactical strategies. "When the market exhibits risky signs, we like to take a step back. Then we try to take advantage of the low hanging fruit and capture our gains in perceived low risk markets," says Mr. Fern.
* The Barron's ranking is for Fred Fern of Churchill Management Group ("CMG"). The rating may not be representative of any one client's experience because the rating reflects a quantitative and qualitative analysis of factors that may include only a sample of the experience of CMG's clients. The rating is not indicative of future performance. CMG did not pay a fee to participate in the Rankings, but did purchase reprints of the Barron's article.
According to Barron's:
Independent Financial Advisor: The formula Barron's uses to rank advisors is proprietary. The rankings are based on data provided by individual advisors and their firms. Advisor data is confirmed via regulatory databases, cross-checks with securities firms and conversations with individual advisors. The formula Barron's uses to rank advisors is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an advisor's returns are dictated largely by the risk tolerance of clients. The quality-of-practice component includes an evaluation of each advisor's regulatory record.
America's Top 1200 Financial Advisors List: The formula Barron's uses to rank advisors is proprietary. In evaluating advisors, Barron's examines regulatory records, internal company documents, and data provided by the advisors themselves. The rankings for all states are based on data provided by over 4,000 of the nation's most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Investment performance isn't an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment-picking abilities. The quality-of-practice component includes an evaluation of each advisor's regulatory record.
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SOURCE Churchill Management Group