Barron's Ranks Kayne Anderson Rudnick Advisor #5 Among "America's Top 100 Independent Financial Advisors"

LOS ANGELES, Sept. 5, 2013 /PRNewswire/ -- Kayne Anderson Rudnick's Spuds Powell was ranked #5 on Barron's list of "Top 100 Independent Financial Advisors" in the financial magazine's August 26, 2013 issue. To be considered for inclusion, advisors had to complete a 102-question survey about their practice. The resulting pool of nominated advisors was then screened to determine the top 100 practitioners.

The editors at Barron's focused on the overall quality of the practice, total assets under management, and revenue generated by the advisor's team. Investment performance was not an explicit criterion, because clients' investment goals vary, and in many cases, the objective is preservation of wealth rather than market-trouncing returns.

In response to his firm being highlighted so prominently on the prestigious Barron's list, Kayne Anderson Rudnick's Executive Vice President Steve Rigali said, "This ranking reflects not only the recent growth of our business but also our continued focus on delivering outstanding client service and high-quality investment strategies and wealth solutions. We truly appreciate Barron's recognition of the exceptional work being done by our advisors."

This is the seventh annual ranking by Barron's, and thanks to solid investment returns and new business, this year's group of top independent financial advisors grew assets under management an average of 16 percent over the past 12 months through June 30 (up from 12 percent for the advisors on Barron's 2012 list). In particular, they increased average assets under management to $3.6 billion in 2013 from $3.1 billion one year ago.

Kayne Anderson Rudnick's wealth advisors are a team of highly experienced and well-credentialed relationship experts who pride themselves on offering the level of proactive client attention that they would expect for themselves. The firm is large enough to have a broad team of knowledgeable investment professionals, excellent research resources, and a diversified menu of product offerings, yet small enough to offer exceptional service and client communication with uncommon access to the firm's senior management and investment professionals.

About Kayne Anderson Rudnick

Kayne Anderson Rudnick is a boutique investment advisory firm founded in 1984 to manage capital for its founders, including John Anderson, the benefactor of UCLA's Anderson School of Management and a member of the Forbes 400 list. With offices in Los Angeles and San Francisco, the company manages assets for both high-net-worth individuals and institutions. Disciplined risk management and diversification are key components in helping clients achieve their goals. Accordingly, the company's comprehensive platform offers proprietary investment strategies and a range of carefully-selected, externally-managed investment solutions. With thirty years of experience blending traditional and alternative investments, Kayne Anderson Rudnick is known for a commitment to high-quality business practices, investment strategies, and wealth solutions. For more information, please visit www.kayne.com.

SOURCE Kayne Anderson Rudnick Investment Management