MORRISTOWN, N.J., June 16, 2016 /PRNewswire/ — Private Advisor Group, LPL Financial’s largest enterprise and a $9.6B RIA, announced today that it has been named to the Financial Times 300 Top Registered Investment Advisers for the third year in a row. The list recognizes top independent RIA firms from across the U.S.
This is the third annual FT 300 list, produced independently by the Financial Times Ltd. in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry.
The “average” FT 300 firm has been in existence for 22 years and manages $2.6 billion in assets.
The 300 top RIAs hail from 34 states and Washington, D.C.
More than 1,500 pre-screened RIA firms were invited to apply for consideration, based on their assets under management (AUM). Applicants that applied were then graded on six criteria: AUM; AUM growth rate; years in existence; advanced industry credentials of the firm’s advisors; online accessibility; and compliance records. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.
The FT 300 is one in series of rankings of top advisers the FT produces in partnership with Ignites Research, including the FT 401 (DC retirement plan advisers) and the FT 400 (financial advisers from traditional broker-dealer firms).
“We are delighted to receive such an honor and recognition in our industry” said Abby Salameh, Chief Marketing Officer of Private Advisor Group. “We work hard every day to earn our advisors’ business and continue to evolve to support their ever changing needs. In light of the changes in regulations, technology and financial planning, we provide the infrastructure that independent advisors need to grow and manage their practice.”
Currently, Private Advisor Group has over 600 advisors in 34 states across the country.