Denver, CO (PRWEB) October 19, 2016
Five Star Professional is pleased to announce Steven W. Harp, CFP® ChFC® AIF® CLU® CLTC, of Colorado Wealth Group has been chosen as one of Denver’s Five Star Wealth Managers for 2016.
Five Star Professional partnered with 5280 magazine and ColoradoBiz magazine to recognize a select group of Denver-area wealth managers who provide quality services to their clients. Steven Harp is featured, along with other award winners, in a special section of the November issue.
“I got into this profession to help people. Financial planning is a topic that is often hard for people to discuss and sometimes the whole idea can wind up on the backburner. It is our goal to thoroughly understand what kind of legacy each client hopes to leave. We hope to educate each and every one of our clients so that they understand why they should have confidence in their financial plan,” said Steven Harp of Colorado Wealth Group.
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.
“Colorado Wealth Group is more than a wealth management and financial planning firm. We are passionate about helping people, and at our core we understand that personal finance is a journey beyond spreadsheets and market analytics. It's personal and unique, so financial plans should be as well. We consult with people to prepare for and implement life-changing solutions that deliver customized, meaningful results,” said Steven Harp.
“Based on our evaluation, the wealth managers we recognize are committed to pursuing professional excellence and have a deep knowledge of their industry. They strive to provide exemplary care to the people they serve,” stated Dan Zdon, CEO, 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. 1,552 Denver wealth managers were considered for the award; 509 (33% 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.