(PRWEB) July 07, 2012
Pozzuolo Rodden, PC, Counselors at Law, is pleased to announce that Joseph R. Pozzuolo, Esquire was designated as a 2011 Philadelphia Five Star Wealth Manager, Business Planning by Philadelphia Magazine. Mr. Pozzuolo was selected after an independent survey was conducted by Philadelphia Magazine of 120,500 registered financial services professionals, high‐net‐worth households and subscribers of Philadelphia Magazine all of whom have an income of greater than $190,000.
Five Star Professional partnered with Philadelphia Magazine to determine the wealth managers in the Philadelphia area who provide exceptional service and overall satisfaction. The Five Star Professional research team contacted clients, peers and industry experts and asked if they had experience working with a wealth manager. Those who participated in the research provide the name of a wealth manager and rated that individual according to criteria such as integrity, value for fee charged and quality of recommendations. The survey data was collected and scored, resulting in the list of 2011 Philadelphia Five Star Wealth Managers. The research methodology allows no more that 7 percent of wealth managers to be named a Five Star Wealth Manager.
The following questions are the five commonly asked questions on how a Five Star Wealth Manager is chosen:
1. How are Five Star Wealth Managers selected?
Five Star Professional surveyed 1 in 4 high-net-worth households (more than 120,500 households) and more than 9,000 registered financial service professionals in the Philadelphia area. Participants in the survey were asked to evaluate only those wealth mangers they know through personal experience.
2. How many wealth managers receive the Five Star Award?
The final list of 2011 Philadelphia Five Star Wealth Managers is a select group, representing less than 3 percent of licensed wealth managers in the area.
3. Can wealth managers pay to be listed?
No. Wealth managers cannot pay to be included in the research or on the final list. The evaluation process and the results are driven by research conducted with clients, peers and industry experts.
4. What criteria do you evaluate?
The Five Star Wealth Manager research surveys focus on nine criteria: customer service, integrity, knowledge/expertise, communication, value for fee charged, meeting of financial objectives, post-sale service, quality of recommendations and overall satisfaction. Wealth managers, broadly defined, are those individual who help you manage your financial world and/or implement aspects of your financial strategies.
5. How are the surveys scored?
Both positive and negative evaluations are included in the scoring. Only wealth managers with more than five years of experience in the financial service industry are considered. Each wealth manager is reviewed for regulatory actions, civil judicial actions and customer complaints as reported by FINRA, the SEC, the State Board of Accountancy and the State Bar. The list is reviewed by a panel of industry experts before it is finalized. Safeguards are built into the review process to reduce the ability to influence the final list on the basis of company affiliation.