LPL Financial is proud to announce that 68 of its affiliated advisors were recently ranked among the top advisors in their respective states in the 2020 Best-in-State Wealth Advisors report published by Forbes.
“We congratulate each advisor who earned this distinction as being among the most successful in their state. This recognition is a testament to their commitment to providing personalized financial advice that helps clients pursue their long-term financial goals,” said Andy Kalbaugh, LPL managing director and divisional president, National Sales and Consulting. “With increasing demand for advice from a trusted financial advisor, we applaud these advisors for raising the bar in our industry and demonstrating the value of the independent model to build valued and lasting relationships with clients. LPL is proud to support these esteemed advisors and we thank them for the work they do to support their clients.”
According to Forbes, the annual list spotlights the nation’s top-performing advisors, evaluated based on a methodology developed by SHOOK Research. Advisors are also evaluated based on personal interviews, industry experience and revenue trends, among other criteria.
LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker-dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.
View the complete list of Best-In-State Wealth Advisors at Forbes.com.
LPL Financial, Forbes magazine and the advisor firms referenced in this article are all separate entities.
The Forbes Best-In-State Wealth Advisor ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings.
*Based on total revenues, Financial Planning magazine June 1996-2019