It is an honor and privilege to be named a 2015 Five Star Wealth Manager. In conjunction with clients, we practice a consultative approach to financial planning and prepare personalized solutions to satisfy the clients’ specific needs.
Chicago, IL (PRWEB) October 07, 2015
Five Star Professional is pleased to announce James W. Lohse, Independence Capital Financial Partners, has been chosen as one of Chicago’s Five Star Wealth Managers for 2015.
Five Star Professional partnered with Chicago magazine to recognize a select group of Chicago-area wealth managers who provide quality services to their clients. James W. Lohse will be featured, along with other award winners, in a special section of the November issue.
“It is an honor and privilege to be named a 2015 Five Star Wealth Manager. In conjunction with clients, we practice a consultative approach to financial planning and prepare personalized solutions to satisfy the clients’ specific needs. By providing direction, instilling confidence and constantly improving upon our process, we strive to facilitate a lifetime of growth,” says James W. Lohse of Independence Capital Financial Partners.
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 do everything in my power to foster a partnership with my clients for their future by implementing comprehensive financial plans and wealth management programs,” says James.
“It is a privilege to present exceptional wealth managers with the Five Star award each year. These select wealth managers have worked hard to get where they are with a deep knowledge of their industry and care for their clients,” stated Lynn Hargreaves, VP, Research and Services Operations, Five Star Professional.
James W. Lohse’s Five Star award profile can be viewed here.
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. 5,833 Chicago wealth managers were considered for the award; 716 (13% of candidates) were named 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 http://www.fivestarprofessional.com.