January 2024 | Page 140

SPECIAL ADVERTISING SECTION WEALTH MANAGERS — INVESTMENT PROFESSIONALS

All award winners are listed in this publication .

Certified Financial Planner Board of Standards Inc . owns the certification marks CFP ®, Certified finanCial Planner™ and federally registered CFP ( with plaque design ) in the U . S ., which it awards to individuals who successfully complete CFP Board ’ s initial and ongoing certification requirements . The Chartered Financial Consultant ® credential [ ChFC ®] is a financial planning designation awarded by The American College .

This award was issued on 12 / 01 / 2023 by Five Star Professional ( FSP ) for the time period 02 / 13 / 2023 through 08 / 31 / 2023 . Fee paid for use of marketing materials . Selfcompleted questionnaire was used for rating . This rating is not related to the quality of the investment advice and based solely on the disclosed criteria . 703 Rhode Island-area wealth managers were considered for the award ; 120 ( 17 % of candidates ) were named 2024 Five Star Wealth Managers .

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers . The award is based on 10 objective criteria . Eligibility criteria – required : 1 . Credentialed as a registered investment adviser ( RIA ) or a registered investment adviser representative ; 2 . Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years ; 3 . Favorable regulatory and complaint history review ( As defined by FSP , the wealth manager has not ; A . Been subject to a regulatory action that resulted in a license being suspended or revoked , or payment of a fine ; B . Had more than a total of three settled or pending complaints filed against them and / or a total of five settled , pending , dismissed or denied complaints with any regulatory authority or FSP ’ s consumer complaint process . Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP ’ s consumer complaint process ; feedback may not be representative of any one client ’ s experience ; C . Individually contributed to a financial settlement of a customer complaint ; D . Filed for personal bankruptcy within the past 11 years ; E . Been terminated from a financial services firm within the past 11 years ; F . Been convicted of a felony ); 4 . Fulfilled their firm review based on internal standards ; 5 . Accepting new clients . Evaluation criteria – considered : 6 . One-year client retention rate ; 7 . Five-year client retention rate ; 8 . Non-institutional discretionary and / or non-discretionary client assets administered ; 9 . Number of client households served ; 10 . Education and professional designations . FSP does not evaluate quality of services provided to clients . The award is not indicative of the wealth manager ’ s future performance . Wealth managers may or may not use discretion in their practice and therefore may not manage their clients ’ assets . The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication . Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success , nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future . This year , we honored 3 Rhode Island-area investment professionals with the Five Star Investment Professional award .

FS-16 — LEARN MORE AT FIVESTARPROFESSIONAL . COM