Posted on June 30, 2015 in

CPS Investment Advisors ranked 3rd

CPS Investment Advisors was recently ranked 3rd in the country by CNBC in their 2015 list of the Top 100 Fee-Only Wealth Management Firms!

CPS Investment Advisors rose to 3rd place this year after debuting in the inaugural ranking last year as 17th! The entire list can be seen here!

The methodology for ranking was provided from CNBC to include:

The CNBC Digital editorial team, along with Meridian-IQ, created the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at a final total rank:

  • Assets under management.
  • Having staff with professional designations such as a CFP or CFA.
  • Working with third-party professionals such as attorneys or CPAs.
  • Average account size.
  • Growth of assets.
  • Years in business.
  • Number of advisory clients.
  • Providing advice on insurance solutions.

Firms with greater AUM totals were given a higher ranking in the case of numerical ties of the above formula. The Meridian/AdviceIQ team then applied the formula to the Meridian-IQ database of all RIAs to create the list. The final step to create the Top 100 Fee-Only Wealth Management Firms list for CNBC.com was to apply the AdviceIQ Regulatory Compliance Review process to the master list and eliminate any firm that failed the RCR process.

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