Frank S. Arvai of Mutual Fund Management Co. Recognized for Professional Excellence by Five Star Professional With the 2016 Five Star Wealth Manager Award

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Award winners represent a select group of wealth managers in the Detroit area.

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I feel very grateful to have received this recognition again and want to thank our clients and my team for all their help and support

Five Star Professional is pleased to announce Frank S. Arvai, Mutual Fund Management Co., has been chosen as one of Detroit’s Five Star Wealth Managers for 2016.

Five Star Professional partnered with HOUR Detroit and DBusiness magazines to recognize a select group of Detroit-area wealth managers who provide quality services to their clients. Frank S. Arvai is featured, along with other award winners, in a special section of the June issue.

Mutual Fund Management Co. is a fee-only Registered Investment Advisor firm in Troy, Michigan, that was established in 1992. The goals of Mutual Fund Management Co. (MFMC) are mirror images of the client’s investment and planning goals, objectives, and needs.

“We have constructed several investment strategies, ranging from conservative to aggressive,” says Frank Arvai of Mutual Fund Management Co. “Each strategy has different risk and return characteristics. Through our process, we help our clients select an appropriate portfolio that is consistent with their goals, objectives, and tolerance for volatility. The investment style that is used is very disciplined and based on rational decision rules and fundamental analysis, reducing emotionally based decision errors. We are fiduciaries for our clients and always act in the client’s best interest.”

“We believe communication with our clients is essential. While our clients receive quarterly performance summaries and a quarterly market commentary, we encourage face-to-face meetings or other communication if a meeting is not possible. Should there be a change in our client’s goals, objectives, or tolerance for volatility, we will make adjustments to the portfolio strategy we have in place for them,” says Frank.

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.

“I feel very grateful to have received this recognition again and want to thank our clients and my team for all their help and support,” says Frank.

“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,” says Jonathan Wesser, Research Director, 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: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Favorable regulatory and complaint history review (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*); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients; 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 awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. 1,961 Detroit wealth managers were considered for the award; 630 (33 percent of candidates) were named 2016 Five Star Wealth Managers.

*To qualify as having a favorable regulatory and complaint history, the person cannot have: 1. been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine, 2. had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, 4. filed for bankruptcy, or 5. been convicted of a felony.

For research methodology information visit

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