I take great pride in what I do for my clients, and have been in the industry for more than 23 years. I feel very privileged to be among this year’s prestigious list of award-winning wealth managers. I am very dedicated to serving my clients through guidance, education and open communication
SAN DIEGO (PRWEB) February 14, 2018
Five Star Professional is pleased to announce Thomas Trax, LPL Financial, has been chosen as one of San Diego’s Five Star Wealth Managers for 2018.
Five Star Professional uses its own proprietary research methodology to name outstanding professionals, then works with publications such as San Diego Magazine to get word out about award winners. Thomas Trax is featured, along with other award winners, in a special section of the January issue.
“I take great pride in what I do for my clients, and have been in the industry for more than 23 years. I feel very privileged to be among this year’s prestigious list of award-winning wealth managers. I am very dedicated to serving my clients through guidance, education and open communication,” said Thomas A. Trax of LPL Financial. “I assist individuals, families and businesses in their pursuit of durable income strategies, tax minimization and wealth accumulation.”
The Five Star Wealth Manager award program 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.
“The research behind this award is extensive with each wealth manager being thoroughly vetted from numerous angles. We are proud to showcase these distinguished professionals,” stated Jonathan Wesser, VP of Operations, Five Star Professional.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 1,498 San Diego wealth managers were considered for the award; 228 (15 percent of candidates) were named 2018 Five Star Wealth Managers.
For research methodology information visit http://www.fivestarprofessional.com.
Thomas Trax is an LPL Registered Principal with securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.