Private Advisor Group’s Steve Kennedy of Albany Financial Named Among Forbes America’s Top Next-Gen Wealth Advisors

MORRISTOWN, NJ, Friday, September 1, 2023 /

Private Advisor Group, one of the largest and fastest-growing independent wealth management firms in the country*, announced Financial Advisor, Steve Kennedy has been recognized on Forbes’ America’s Top Next-Gen Wealth Advisors list.

Kennedy is an advisor with New York state-based Albany Financial Group. He joined Albany Financial Group in 2016 and has been in the financial services industry for over 15 years. Prior to joining Albany Financial Group, Kennedy had previous experience in wealth management, financial advisory and insurance services.

According to Forbes, a recent J.D Power study noted that the average age of a financial advisor is now 56 years old, and about 20% of the workforce indicates that they are five years or less away from retirement. Furthermore, Forbes states that succession is a big issue for many wealth management firms and for many, finding a good financial advisor that won’t retire before you do can be difficult. The Forbes/SHOOK Top Next-Gen Advisors list features 100 top flight practitioners that were born in 1984 or later, thus most are under 40 and have long careers ahead of them.

Kevin Sullivan, Private Advisor Group’s Director of Enterprise Growth, shared “Steve is certainly one to watch and this recognition serves as a testament to his exceptional abilities and career ahead. Congratulations to Steve, and all advisors featured on the Next-Gen list.”

The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion—mostly gained through telephone, virtual, and in-person due diligence interviews—and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Read more and see the full ranking by visiting Forbes.

About Private Advisor Group

Founded in 1997 in Morristown, NJ, Private Advisor Group is one of the nation’s leading financial services firms. Managing over $30 billion in assets under management, the firm leverages its resources to deliver strategies that strive to improve financial outcomes for individual investors and inspire growth, fiduciary adherence, legacy planning and a client-centric approach for independent financial advisors’ practices. Barron’s has recognized Private Advisor Group as a top ten registered investment advisory firm since 2019.

*Barron’s “Top 100 RIA Firms” ranking is based upon quantitative and qualitative criteria including: regulatory records, client retention reports, assets managed, revenue generated, technology spending, number of clients, size and diversity of staff, placement of a succession plan, and more. Investor experience and returns are not considered. Neither Private Advisor Group nor its financial advisors pay a fee to Barron’s in exchange for the ranking.

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Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through Private Advisor Group, a registered investment advisor and separate entity from LPL Financial.

The Forbes Best-In-State Wealth Advisor ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings.

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