Discover the trends and success stories of the top financial advisors in the industry

  • Average assets under management for the Top 1,200 advisory teams rose 21% to $4.6 billion in 2023
  • 15% of the Top 1,200 advisors are new to the ranking this year
  • Advisors who adapted to unforeseen circumstances during the Covid years succeeded
  • Average size of a Barron’s Top 1,200 Advisor team has grown 25% in the past 10 years
  • Many advisors in the industry are expected to retire in the coming years
  • Lead advisors play a key role in a team’s culture, investment approach, and work ethic
  • The Top 1,200 ranking is determined by a 100-plus-question survey completed by advisors
  • Client assets managed and revenue numbers are used to evaluate the health of a practice
  • Qualitative elements such as regulatory records and team structure are also considered
  • Contact email for Barron’s advisor rankings: rankings@barrons.com

After a short pause in 2022, America’s Top 1,200 advisors experienced growth in 2023, with average assets under management rising by 21% to $4.6 billion. The ranking welcomed 15% new advisors, and those who adapted to the challenges of the Covid years found success. The average size of advisor teams has grown by 25% in the past decade, indicating increased sophistication and better customer service. However, the industry is also facing the retirement of many senior advisors. Lead advisors play a crucial role in a team’s success, and understanding the transition plan is important for investors. The Top 1,200 ranking is determined through a comprehensive survey and considers both quantitative and qualitative measures. Contact Barron’s at rankings@barrons.com for more information.

Factuality Level: 7
Factuality Justification: The article provides detailed information about America’s Top 1,200 advisors, their growth trends, and the factors contributing to their success. The information is specific and relevant to the topic, with no obvious misleading information or sensationalism. However, the article could benefit from more diverse perspectives and a more critical analysis of the data presented.
Noise Level: 2
Noise Justification: The article provides detailed information about America’s Top 1,200 advisors, their growth trends, and the factors contributing to their success. It includes specific examples and data to support its claims. However, the article is focused on a specific industry and may not be relevant to a general audience.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about the growth of America’s Top 1,200 advisors and the average assets under management for these advisory teams. This information may be of interest to investors and individuals in the financial industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the growth of America’s Top 1,200 advisors and provides insights into the wealth management industry. While there is no mention of any extreme events or events impacting financial markets, the information may still be relevant to individuals in the financial industry.
Public Companies: J.P. Morgan (N/A), Merrill Lynch (N/A), UBS (N/A), Edward Jones (N/A), Raymond James (N/A), Ameriprise Financial (N/A)
Key People: Catherine Evans (J.P. Morgan in San Francisco), Joni Abalos (Merrill Lynch in Houston), William Schoff (UBS in Rochester, N.Y.), Sandy Dalton (UBS), James Stack (Stack Financial Management), Kelly Rae Haskell (Edward Jones), Jeff Leonard (Raymond James), Joey Small (Ameriprise Financial)

Reported publicly: www.marketwatch.com