San Mateo (PRWEB) June 12, 2008
The Golub Group (http://www.golubgroup.com), a San Mateo investment management firm for high net-worth individuals and institutional clients, today announced that Founder Michael Golub was ranked 20th among all San Francisco Bay Area wealth managers for 2008 by the San Francisco Business Times.
"This is a terrific honor and it speaks to the commitment we have made to our clients," said Mr. Golub. "At the Golub Group, our rapid growth and strong investment performance come from our unrelenting focus on building lasting relationships by providing competent, thoughtful, responsive and caring service and investment management to our family of clients."
The list of top Bay Area independent wealth advisors was developed by the Winner's Circle, LLC, an independent organization that ranks advisors across the country, and was published in the May 23 edition of the San Francisco Business Times.
The Winner's Circle is recognized as the preeminent resource for unbiased rankings of wealth managers and investment advisors. The rankings are based on both qualitative and quantitative measures, including professional experience, client satisfactions, assets under management and revenues. The Winner's Circle awards the most outstanding financial advisors in the business and each Winner's Circle advisor represents the highest levels of ethical standards, professionalism and success in the business.
The top San Francisco Bay Area ranking follows several other recent honors for the Golub Group. The firm, which has averaged 30 percent annual growth n assets under management over the past 5 years, was ranked one of the top wealth managers in 2007 by the San Jose Business Journal. In addition, the firm's Equity, Equity-Income and Balanced separately managed accounts (SMA) received Morningstar's highest 5-star rating in 2008, placing the Golub Group ahead of 90% of all money management firms tracked by Morningstar in these categories, and is based on 3- and 5-year records for the accounts.
"Our clients mean everything to us and we are thrilled to have achieved these milestones on their behalf," said Mr. Golub. "These are the first of many markers in our focus on being a uniquely valuable resource in the lives of our clients."
About Winners Circle
With more than 7,000 nominations received every year, rankings are based on criteria that are quantitative (assets and revenues) as well as qualitative (compliance records, discussions with management and peers, and telephone and in-person interviews). For more information, visit http://www.WCorg.com.
About The Golub Group
The Golub Group is a leading provider of investment management solutions for high net-worth individuals and institutional clients in Northern California and across the country. Founded in 2003 as a continuation of Mr. Golub's 37-year investment management practice, the firm takes a long-term disciplined approach to investing that seeks growth of capital and minimization of risk through careful management of well-diversified portfolios consisting of high quality assets purchased at attractive valuations. Each portfolio is constructed with the individual's unique objectives in mind. With offices in San Mateo, CA and Pasadena, CA, The Golub Group manages more than $650 million in assets. For more information, visit http://www.golubgroup.com.
For each separate account with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a separate account's monthly performance placing more emphasis on downward variations and rewarding consistent performance. The top 10% of separate accounts in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a separate account is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Golub Group Equity and Golub Group Equity Income composites were rated against the following numbers of U.S.-domiciled Large Blend separate accounts over the following time periods: 256 separate accounts in the last three years, and 226 separate accounts in the last five years. With respect to these Large Blend separate accounts, Golub Group Equity and Golub Group Equity Income received a Morningstar Rating of five stars and five stars for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
© 2007 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Compliance with the GIPS standards has been verified for the period December 1, 2003 through June 30, 2007 by Ashland Partners & Company, LLP. In addition, a performance examination was conducted on the Equity, Equity-Income and Balanced Composites beginning December 1, 2003.