Again this year, HBKS Wealth Advisors (HBKS) has been recognized as among the nation’s most prominent registered investment advisories (RIAs) by multiple industry surveys. Most recently, Barron’s, one of the most respected financial publications worldwide, has HBKS as the nation’s 75th ranked firm in its 2024 survey of independent U.S. RIAs, up from 76th in the 2023 survey. The industry estimates a total of more than 15,000 RIAs in the U.S. as of 2022, an increase of nearly 50 percent since 2012 (source: Statista 2023).
According to the publication, its 9th annual ranking of independent advisory companies is based on “assets managed by the firms, growth, technology spending, succession planning, and other metrics. We verify that data with the advisors’ firms and with regulatory databases, then we apply our rankings formula to the data to generate a ranking. The formula features three major categories of calculations: 1) assets, 2) revenue, and 3) quality of practice.”
“The goal is to shine a spotlight on the nation’s best financial advisors, with an eye toward raising standards in the industry,” Barron’s editors wrote. “For investors, the rankings are a tool that can help in the process of finding financial guidance.”
“It’s an honor to be recognized as a top U.S. financial advisory,” HBKS Managing Principal and CEO Christopher M. Allegretti said. “It’s a tribute to our commitment to our clients’ financial success and maintaining their interests as our primary concern.”
IMPORTANT DISCLOSURES
HBKS® Wealth Advisors did not compensate the named organizations to earn any of these rankings, either directly or indirectly. Responses collected July 29, 2024 – August 1, 2024.
Investment advisory services are offered through HBK Sorce Advisory LLC, doing business as HBKS Wealth Advisors. Not FDIC Insured – Not Bank Guaranteed – May Lose Value, Including Loss of Principal – Not Insured By Any State or Federal Agency.
