The PLANADVISER Top 100 Advisers is an annual listing of
the retirement plan advisers and adviser teams that stand out in the industry
in terms of a series of quantitative measures.
Advisers are asked to submit their information in one of
three categories: individual adviser, adviser team and multioffice team. An
individual adviser is a single adviser with one group of clients; a team is a
group of two or more advisers in one office location who collectively serve one
group of clients, sharing relationships and sales and using the same client
support team; a multioffice team is a group of two or more advisers across
multiple office locations who share support staff and follow the same
guidelines and procedures to serve their clients.
In the pages that follow, we highlight the quantitative
standouts according to the dollar value of qualified plan assets under
advisement (AUA) as well as the number of plans under advisement. We also call
attention to those who have more than 20% of their practice focused on 403(b)
plans, 457 plans, defined benefit (DB) plans or nonqualified plans.
This year’s qualification standards—which rise nearly
every year—were quite high. Individuals had to have 65 or more plans or at least
$500 million in AUA; teams needed to advise at least $1.5 billion in assets or a
minimum of 125 plans; and multioffice teams needed to oversee $2.5 billion in
plan assets or 200 or more plans.
To be considered for this list, advisers had to either
submit information and references or be nominated and enter the award process
for 2014 PLANSPONSOR Retirement Plan Adviser of the Year—individual, team or
multioffice team. Award nominations were solicited online from retirement plan
advisers, their employers and/or broker/dealers, and plan sponsors, as well as
from working partners of the advisers, such as investment vendors, accountants,
attorneys and pension administrators. Nominees were then asked to complete a
form, providing various details about their practice, some of which appear
here. Advisers could also, for the first time, submit such information
unsolicited, although not to be considered for the awards. The PLANSPONSOR
Retirement Plan Adviser and Adviser Team of the Year awards are based on both
qualitative and quantitative factors. The most successful lists are drawn
solely from a smaller set of quantitative factors and information supplied by
the advisers themselves.
*Due to the differences in evaluation factors, finalists for the PLANSPONSOR Retirement Plan Adviser and Adviser
Team of the Year awards are not necessarily included on the "Top 100" listing.