pbmares wealth management listed in top 100 fee only wealth management firms by cnbc
DESCRIPTION
PBMares Wealth Management, LLP, announced today that it has been named to CNBC’s inaugural list of the Top 100 Fee-Only Wealth Management Firms.TRANSCRIPT
FOR IMMEDIATE RELEASE
Contact: Jessica Trzyna or Ray Weiss
[email protected] or 443-621-7690
PBMARES INCLUDED IN CNBC’S LIST OF TOP 100
FEE-ONLY WEALTH MANAGEMENT FIRMS
WILLIAMSBURG, VA (7/3/14) --- PBMares Wealth Management, LLP, a registered investment
advisory firm, announced today that it has been named to CNBC’s inaugural list of the Top 100 Fee-Only
Wealth Management Firms. Out of the 100 firms listed, PBMares Wealth Management was ranked 32nd
.
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 for the ranking:
− 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;
− Client segmentation;
− Growth of assets;
− Years in business;
− Number of advisory clients; and
− Providing advice on insurance solutions.
The final step was to apply the AdviceIQ Regulatory Compliance Review (RCR) process to the master
list and eliminate any firm that failed. The RCR process is a due-diligence process whereby each advisory
firm was compared with the RCR database of all regulatory actions from all four primary regulators:
SEC, FINRA, state regulators and state insurance commissioners. In order to pass the RCR process, an
advisory firm cannot have any complaints, actions or disclosures from any of the above regulators.
“We could not be more proud to be recognized on CNBC’s prestigious list of top
wealth management firms,” said David Bush, CPA, CFP®, PFS, and Managing
Director of PBMares Wealth Management. “The PBMares Wealth Management
philosophy of investing is distinctive. Rather than actively selecting investments or
attempting to time the market, we rely on decades of academic research and follow a
passive asset-class investment strategy for our investors.”
In business for 14 years, PBMares Wealth Management has $400 million total assets
under management. It routinely is recognized as a top wealth management firm
nationally, having received a variety of awards including Accounting Today’s Top
AUM Firms and the BAM Advisor Services Achievement Award. PBMares, LLP, an accounting and
business consulting firm, is the parent company of PBMares Wealth Management.
About PBMares Wealth Management, LLC
PBMares Wealth Management, LLC is an independent,
registered investment advisory firm providing fee-based
wealth strategy services. An affiliate of PBMares, LLP, the
firm is a full-service provider specializing in customized
investment management and financial planning for high net worth individuals, retirement plans, not-for-
profit organizations, endowments, corporations and institutions. More information available at:
www.PBMaresWealth.com.
About PBMares, LLP
PBMares, LLP, a Virginia-based accounting and business consulting firm, provides clients a broad range
of business services in the areas of audit and accounting, tax planning and preparation, pension plan
design/administration, merger and acquisition consulting and investment management. With offices in
Fairfax, Fredericksburg, Harrisonburg, Newport News, Norfolk, Richmond, Warrenton, and
Williamsburg, the firm provides additional services through its two affiliates, Artifice Forensic Financial
Services, LLC, a financial consulting division specializing in fraud investigations and forensic
accounting, and PBMares Wealth Management, LLC, a registered investment advisor. More information
available at: www.PBMares.com
# # #
Disclosure:
The "Top 100 Fee-Only Wealth Managers" is granted by CNBC, an independent entity unaffiliated with
PBMares Wealth Management. Third party rankings and recognition from ratings services are no
guarantee of future investment success. Working with a highly rated adviser does not ensure that a client
or prospective client will experience a higher level of performance or results. Ratings should not be
considered an endorsement of the advisor by any client nor are they representative of any one client's
evaluation.