New York, NY (July 25, 2017) – Forbes released today its inaugural list of America’s Top Next-Generation Wealth Advisors. In partnership with SHOOK Research, Forbes compiled the first-ever list of the top 500 millennial wealth advisors who are leading wealth management into the future.
Luke Aull of Aull Wealth Team is #187 of 500.
“Wealth management isn’t an easy place to succeed, but these millennial financial advisors have done that in the midst of the biggest economic downturn since the Great Depression,” said Halah Touryalai, Deputy Editor of Investing at Forbes Media. “Many of the 500 on our list are managing billions in assets as they guide clients towards a comfortable retirement. They are the future of the wealth-management industry.”
“The list features 500 resilient millennials who entered the workforce amid the Great Recession. Most of them started their careers in or around 2008, at the peak of the financial crisis, in finance no less, and are now some of the top-performing young advisors at their firms. Many were newbies on the job when many Wall Street firms were shutting down the advisor training programs they had just joined,” continued Touryalai. “For years, firms like Merrill Lynch, Morgan Stanley and UBS were breeding grounds for financial advisors in training. Their programs have created some of the country’s top financial advisors. But that all came to a halt when the housing market collapsed and financial services were faced with major cutbacks. In a time of uncertainty, these young wealth advisors – innovative and tech-savvy—found new ways to grow and serve their clients and are now viewed as the future of their respective firms.”
For the complete list and more, visit: https://www.forbes.com/top-millennial-advisors/#7c5275c75aed
The Forbes ranking of America’s Top Next-Generation Millennial Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of individuals with a minimum of four years of relevant experience and acceptable compliance records. Nominations were accepted from three types of practitioners:
- Advisors who have built and lead their own teams;
- Advisors who have joined teams of specialists, and are acting in an advisor-type role—planners, analysts, relationship managers, etc.
- Those who are hybrids of these two models.
The qualitative due diligence examines best practices—client-service models, investing process, business types, leveraging a team and firm resources, etc. This information is learned through telephone and in-person interviews. Also built into the model: experience levels, credentials and more. Quantitatively, weighed factors include revenue produced, assets under management, compliance records and industry experience. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.
Neither Forbes nor SHOOK Research receives compensation in exchange for placement on this ranking.
Raymond James Financial Services, Inc. does not endorse and is not associated with SHOOK Research, LLC.
Data provided by SHOOK™ Research, LLC Data as of 3/31/17.
SHOOK Research considered advisors born in 1980 or later with a minimum 4 years relevant experience. Advisors have built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Ranking algorithm is based on qualitative measures derived from telephone and in-person interviews and surveys: service models, investing process, client retention, industry experience, review of compliance records, firm nominations, etc.; and quantitative criteria, such as assets under management and revenue generated for their firms. Investment performance is not a criteria because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC. For more information see www.SHOOKresearch.com.
This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience.