In the News | May 03, 2016
D.B. Root Advisors named as Pittsburgh 5-Star Wealth Managers for 2016
D.B. Root & Company is pleased to announce that David Root, CFP®CEO, David Hoffmann CFP®, Vice President and Steven Kohler CFP® Senior Financial Advisor have been named as Pittsburgh Five Star Wealth Managers for 2016.
Five Star Professional partnered with Pittsburgh Magazine to recognize a select group of Pittsburgh-area wealth managers who provide quality services to their clients.
“It is an honor to be named for this award along with David Hoffmann and Steve Kohler. Our goal at D.B. Root & Company has always been to serve our clients with sound guidance and responsive communication. That said, these awards are also testament to the outstanding teams supporting our efforts within the firm to offer the ultimate client experience.” said CEO David Root.
The Five Star Wealth Manager award program is the largest and most widely published wealth manager award program in the financial services industry. The award is based on a rigorous, multifaceted research methodology, which incorporates input from peers and firm leaders along with client retention rates, industry experience and a thorough regulatory history review.
Root, Hoffmann and Kohler are multiple winners of the award. Stated Hoffmann: “Even though I have been awarded 5-star status for 7 years running, I never lose sight of the fact that we have to continue to earn our clients business every day.”
Steve Kohler sees the award as confirmation of the firm’s commitment to comprehensive Financial Planning: “Our clients rely on us to continually provide them with advice that is transparent, low cost and always in their best interest. Our disciplined Financial Planning process, LifePlan 20/20™ provides a natural framework to accomplish this with each and every client.”
It is a privilege to present exceptional wealth managers with the Five Star award each year. These select wealth managers have worked hard to get where they are with a deep knowledge of their industry and care for their clients,” stated Lynn Hargreaves, VP, Research and Services Operations, Five Star Professional.
About the 5-Star Wealth Manager Award
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Be active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Have favorable regulatory and complaint history review 4. Fulfilled their firm review based on internal standards; 5. Having accepted new clients; 6. Their one-year client retention rate; 7. Their five-year client retention rate; 8. Having non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations.
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