Woodstock Named to CNBC’s List of “Top 100 Fee Only Wealth Management Firms for 2015

April 4, 2017Blog, News, News Archive

CNBC top 100 fee-only wealth asset management firmWe are excited to announce that Woodstock Corporation was named to CNBC’s list of “Top 100 Fee Only Wealth Management Firms for 2015.” Notably, Woodstock Corporation was the only Boston-based firm selected, and one of only four wealth and asset management firms from New England.

The CNBC Digital editorial team, along with Meridian-IQ, used the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at the rankings:

  • Assets management (under).
  • Having staff with professional designations such as a CFP or CFA.
  • Working with third-party professionals such as attorneys or CPAs.
  • Average account size.
  • Growth of assets.
  • Years in business.
  • Number of advisory clients.
  • Providing advice on insurance solutions.

As a final step to create the “Top 100 Fee-Only Wealth Management Firms” list, CNBC.com applies an AdviceIQ Regulatory Compliance Review process to the master list. The RCR process is a due-diligence process whereby each advisory firm is compared to the RCR database of all regulatory actions from all for primary regulators: SEC, FINRA, state regulators and state insurance commissioners. In order to pass the RCR process, an advisory firm cannot have any complaints, actions or disclosures from any of the above regulators.

For more information, please see the full article at CNBC’s web page: http://www.cnbc.com/cnbc-charts-the-top-100-firms/

For more than eighty-five years, we have built Woodstock by fostering long-term relationships with our clients. While we are pleased to receive recognition on a national level, we are steadfast in our commitment to meet or exceed our clients’ expectations in achieving their goals and securing their financial future. Knowing that our client relationships span years and generations is the best affirmation we could receive. We wish to extend our sincerest thanks to our asset management clients for the trust they place in us, and we look forward to continuing to provide them with superior asset management and financial services.