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 was to apply the AdviceIQ Regulatory Compliance Review process to the master list and eliminate any firm that failed the RCR process.

CNBC Award_Page_2

Derek Oxford, Portfolio Analyst, for CPS Investment Advisors recently attended the Fidelity Investments Conference in Boston, MA. Derek met with asset allocation experts on portfolio construction and met with multiple fund managers to hear about current economic conditions.

The goal of income tax planning is to minimize your federal and state income tax liability; the less money that you send to the government, the more cash you have in your pocket, hopefully to save for the future and spend.  The income tax code is complicated so it is best to consider deduction planning with your CPA or qualified advisor to review all strategies to lower your  income tax burden. (more…)

Unless you expect to win the lottery or inherit the money the only way to accumulate wealth is to do it the old fashion way….save, save, save.  Budgeting generally does not work, but living below your means and saving money does.  The most effective method of saving money is to simply “pay yourself first.”   If you don’t bring the money home, you can’t spend it.  That is why the employer sponsored 401(k) is the easiest and most effective way to accumulate wealth. (more…)

Most Americans need a little nudge to start the financial planning process.  Even for the ones that have a financial plan in place, research from a 2012 survey conducted by the University of Chicago shows that just 33% were happy with their current plan.  Many Americans spend their lives pursuing financial goals that they are not excited about or are not motivated enough to start since most of those goals are long-term, such as saving for a down payment on a house, children’s college savings accounts, and even their own retirement. (more…)

Over the years, the one financial “plan” that most parents must deal with is how to handle all of their most immediate needs first, and assume everything else will just work out somehow.  New parents often reorganize their lifetime financial priorities as follows:

  • Live in a nice home and provide a comfortable standard of living for their family
  • Pay for their children’s education
  • Pay for their weddings……..if they are girls
  • Collapse, after all of that, into retirement with some measure of financial security


Nolen Bailey of CPS Investment Advisors and his wife, Ashley, participated in 2015 Lakeland Derby Swan Race in an effort to raise money for Lakeland Volunteers in Medicine. 

nolen and ashley

Over $61,000 was raised for the Lakeland Volunteers in Medicine enabling them to provide healthcare services to the working uninsured of Polk County. 

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