Rehmann Financial named to Forbes’ Top Wealth Managers 2015 list
Tuesday, May 19, 2015
Posted by: Michelle Rahl
Contact: Steve Tschirhart
TROY, MI – Rehmann Financial has been named to Forbes’ Top Wealth Managers 2015 list.
“We work tirelessly to serve our clients, and the results we achieve for them bear this out,” said Fred Schaard, president of Rehmann Financial. “That alone is very rewarding. But being named to the Forbes list is also great recognition for what everyone at Rehmann Financial strives to achieve.”
The Forbes appearance follows last year’s appearances in the Financial Times 300 (recognizing the top registered investment adviser, or RIA, firms across the country) and Financial Advisors 2014 Registered Investment Advisor Ranking (ranking firms based on total assets under management and other measures such as total assets per client).
Making the Forbes list meant meeting several criteria that looked at, among other things, assets under management and managing at least 50 percent of assets on behalf of retail clients.
“The basics of wealth management largely remain constant, but in recent years we’ve seen many issues that could have impacted our clients’ wealth,” said Jeff Phillips, Rehmann Financial’s chief investment officer. “It takes a lot to stay on top of that, but the work – and the results – is very gratifying.”
Candidate firms qualify based on both quantitative and qualitative criteria, and are ranked by assets under management for year-end 2014, reported as of March 31, 2015.
Members of the list:
· Must manage at least 50 percent of their assets on behalf of retail clients
· Must perform wealth management services
· Cannot run a broker-dealer (though they can be affiliated with one)
· Cannot be a bank (trust companies are permitted)
· Cannot have any regulatory, civil or criminal disclosures
The list looks beyond exclusively fee-only advisors because the RIA industry is evolving to incorporate more hybrid models as more reps break way from broker-dealers but carry along old business that includes some commission-based work.
Rehmann is a fully-integrated financial services firm of CPAs & Consultants, Wealth Advisors and Corporate Investigators dedicated to providing clients proactive ideas and solutions to help them prosper professionally and personally. The firm offers a cross-functional team approach that gives clients direct access to a professional in any available service. Rehmann is ranked as the 29th largest firm in the United States, with 800 associates in 19 offices located in Michigan, Ohio, Florida and Indiana. Rehmann is a member of Nexia International, allowing them to provide a global approach for their clients. Online at rehmann.com.
Securities offered through Royal Alliance Associates, member FINRA/SIPC. Investment advisory services offered through Rehmann Financial, a Registered Investment Advisor not affiliated with Royal Alliance Associates.1500 W Big Beaver Rd., Troy, MI 480844 | 248.952.5000.