Lake Oswego, Oregon (PRWEB) June 02, 2014
AKT Wealth Advisors LP, an independent wealth advisory firm serving high net worth individuals, families and corporate retirement plans representing over $760 million of assets under management, has recently been named as one of CNBC's "Top Fee-Only Wealth Management Firms". The list includes the top 100 firms nationally based on the CNBC rankings.
CNBC's ranking methodology is based on the following criteria: 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 Meridian/AdviceIQ team then applied the formula to the Meridian-IQ database of all registered investment advisors (RIAs) to create the list.
The final step to in the evaluation process was to apply the AdviceIQ Regulatory Compliance Review (RCR) to the master list and eliminate any firm that failed the RCR process. The RCR database contains 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.
Darin Richards, Chief Investment Officer of AKT Wealth Advisors LP comments, "We are extremely proud to be included in the CNBC Top Fee-Only Wealth Management Firm listing because it takes into consideration the professional backgrounds of our team in addition to the financial criteria of size and assets of the firm. This provides a broader and more complete picture to consider."
"We are very pleased to receive this recognition. It provides additional evidence that our fee-only business model, which brings multi-disciplinary expertise together, provides a unique client experience," added Scott Barchus, President of AKT Wealth Advisors LP
AKT Wealth Advisors LP is a fee-only wealth management firm, which specializes in financial planning, investment management and tax strategy to most effectively guide wealth planning for individuals and corporate retirement plans. The firm is a member of the AKT Family of Companies which includes the Top 100 Accounting firm, AKT LLP; AKT Benefit Advisors LP, providing employee benefit solutions; AKT Business Transitions LP, handling business succession and transition work, and AKT Retirement Plan Services LP, providing corporate retirement plan design and compliance. AKT currently has six offices serving clients across Alaska, California and Oregon.
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to more than 395 million homes worldwide, including more than 100 million households in the United States and Canada.