Organic Growth Fuels Expansion -Wealth Management Firm Opens Fourth Office.
SEATTLE, May 2, 2011 /PRNewswire/ -- Brighton Jones, an independent wealth management firm based in Seattle, Washington, continues to expand its reach beyond the Pacific Northwest. Since opening its Seattle office in 1999, the firm has added offices and staff in three additional cities, including San Francisco, Scottsdale and, most recently, Washington D.C. In contrast to recent trends in the industry, their expansion has been driven by new client acquisition, not through the acquisition of competitor firms.
"We're extremely pleased in the growth of our business and the enthusiasm shown for our client service model. We have always served clients from coast to coast from our Seattle headquarters, but as demand grows in specific regions, it's important for us to have a physical presence," explains Brighton Jones Co-CEO, Jon Jones. "A local office and staff allows us to be even more responsive to our clients and honor our commitment to being involved with those communities where we do business."
Brighton Jones is a true wealth management firm with a comprehensive, personal CFO approach that entails providing objective advice combined with disciplined execution around investments and advanced planning. In just 10 years, Brighton Jones has grown to over $1.7 Billion in Assets Under Management. They have been recognized as a national leader in the Independent Advisory market, winning multiple recognitions like:
Forbes Top 50 Independent Advisors
Barron's Top 100 Independent Advisors
Investment News Top 50 Independent Advisors
National Association of Board Certified Advisor Practices (NABCAP) Premier Advisor
So, both nationally and in every geography where they have an office, Brighton Jones has been recognized as the top 1% of all advisors. It would appear their approach is working.
According to CEG Worldwide, a leading research firm serving the financial services industry, only 7% of financial advisory firms nationally actually fit the definition of true "Wealth Managers," meaning those firms that offer a combination of investment consulting, advanced, long-term planning and an overall understanding of the dynamic interplay of the various facets within a client's global financial situation. Most firms (93%) only qualify as "investment generalists." Brighton Jones appears to fall into CEG's 7% category.
"We looked at acquisitions as a means to growth in regions where we didn't yet have a strong presence," says Charles Brighton, Co-CEO. "What we've discovered is that our company culture, including our business model and overarching philosophy, is still unique. Conflicts of interest, profiteering at a client's expense and other, what I would call "old-school" attitudes, are still fairly pervasive."
Investors nationally are moving billions of dollars in assets from the giant wire houses to independent financial advisory firms in search of truly objective financial advice. For decades investors have relied on big brand name firms, with the assumption that bigger is better and safer. But the recent financial crisis and books like "The Big Short" and "More Money than God" have revealed the conflicting agendas and exorbitant fees that can harm the very clients these firms claim to serve.
About Brighton Jones LLC
Brighton Jones provides personalized, comprehensive wealth management services to individuals and families. The firm serves as a personal CFO for its clients and develops objective, highly customized strategic advice in the areas of investments, estates, tax planning, cash management, and overall life planning. Since its founding in 1999, the company has grown to more than $1.7 billion in assets under management and represents 550+ clients in 39 states and the District of Columbia. Their offices are located in Seattle, San Francisco, Scottsdale and Washington, D.C.
Brighton Jones LLC |
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Seattle – San Francisco – Washington DC - Scottsdale |
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Contact:
David O'Neal
206/329-5546, Ext. 215
[email protected]
SOURCE Brighton Jones
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