Destination Wealth Management was included in the 2020 Financial Times “FT 300: Top Registered Investment Advisers” (FT 300) list, which recognizes top independent RIA firms from across the U.S. Over 2,000 qualifying SEC registered RIA companies were invited to participate in the review process. Some 760 firms applied and were considered for inclusion in the FT 300 list, meeting the following minimum criteria: manage at least $300 million assets under management (AUM) as of 12/31/19; no more than 75% of its practice’s assets be institutional; and the RIA must be independent (it cannot be the RIA arm of a broker-dealer, for example). The final list was comprised of the top 300 RIA firms listed by state and alphabetically by business name. The Financial Times placed a cap on the number of advisers from any one state, corresponding to the distribution of millionaires across the US.
Research for this seventh annual FT 300 ranking list was produced on behalf of the Financial Times by Ignites Research, a division of Money-Media, Inc. and a Financial Times sister publication that conducts research and analysis on the investment management industry. The FT 300 rankings were determined by an internal score generated for each applicant, based data gathered from RIA firms, regulatory disclosures, and the Financial Time’s research. Six primary factors were considered: AUM; AUM growth rate; years the firm has been in existence; industry certifications of staff; SEC compliance record; and online accessibility. AUM comprised approximately 72% of each advisor’s score, while asset growth accounted for an average of 15%.
Ranking on this list is not representative of the quality of services provided to clients and is not indicative of DWM’s future performance. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a certain level of results or satisfaction if DWM is engaged. These ratings should not be construed as a current or past endorsement by DWM or any DWM clients.
DWM is not aware of any facts that would call into question the validity of the ranking or the appropriateness of advertising inclusion in this list. Neither DWM nor DWM employees paid a fee to the Financial Times or Ignites Research to apply to or to be included in the FT 300 list. No organizational memberships were required of DWM or related individuals. The Financial Times LTD 2020, FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. All rights reserved.