I would like to thank my clients for their business. I have always done my best to treat my clients like they are family. I always put their needs first and always think of what is best for them.
Chicago, IL (PRWEB) October 07, 2015
Five Star Professional is pleased to announce Russell Luce, Planning Legacies Financial Group, has been chosen as one of Chicago’s Five Star Wealth Managers for 2015.
“I would like to thank my clients for their business. I have always done my best to treat my clients like they are family. I always put their needs first and always think of what is best for them,” said Russell Luce of Planning Legacies Financial Group. Securities and advisory services offered through Foresters Equity Service, Inc., Member FINRA/SIPC.
Five Star Professional partnered with Chicago magazine to recognize a select group of Chicago-area wealth managers who provide quality services to their clients. Russell Luce will be featured, along with other award winners, in a special section of the November issue.
“I take a proactive approach to financial situations. I have great programs for retirement that can protect my clients for life. I stay up to date with my information and love helping people in their developments in the area of personal finance,” says Russell.
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.
“Five Star Wealth Managers are more than knowledgeable experts in their field. They maintain a sharp focus on building enduring relationships and demonstrate tremendous dedication to the families and individuals they serve,” stated Lynn Hargreaves, VP, Research and Services Operations, Five Star Professional.
Russell Luce’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.
Investment Advisor Representative of and offering securities and advisory services through Foresters Equity Service, Inc./Member FINRA/SIPC/6640 Lusk Boulevard, Suite A202, San Diego, CA 92121, 1-858-550-4844.
Planning Legacies Financial Group and Foresters Equity Services are unaffiliated entities.