It’s truly rewarding to gain recognition for building long term relationships with clients and helping those clients design and implement the retirement experience they’ve always dreamed of.
Washington, D.C. (PRWEB) November 10, 2016
Five Star Professional is pleased to announce Steven E. Richardson, CPA, CFP®, CRPS®, Potomac Financial Private Client Group, LLC, has been chosen as one of City’s Five Star Wealth Managers for 2016.
“It’s truly rewarding to gain recognition for building long term relationships with clients and helping those clients design and implement the retirement experience they’ve always dreamed of. It is such a privilege to work with people I respect and enjoy and to be appreciated for the work I do with them. Thank you!” said Steven Richardson of Potomac Financial Private Client Group, LLC.
Five Star Professional partnered with The Washington Post Magazine to recognize a select group of Washington, D.C.-area wealth managers who provide quality services to their clients. Steven Richardson is featured, along with other award winners, in a special section of the October issue.
“I am so fortunate to have been working with my partners at Potomac Financial for so many years. It is our team approach, our dedication to this profession and our commitment to delivering truly personal service and sound advice that has provided me the opportunity to be recognized in this way,” said Steven Richardson.
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.
“Potomac Financial Private Client Group, LLC located in McLean, Virginia is a wealth management firm specializing in personal and business retirement planning. Steve, A CERTIFIED FINANCIAL PLANNER™ professional since 2008, has been with Potomac Financial Private Client Group from its very beginning and has nearly 15 years of experience providing comprehensive and independent retirement and business planning services to individuals, executives, families and businesses,” said Steven Richardson.
“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. 1,665 Washington, D.C. wealth managers were considered for the award; 208 (13% 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 http://www.fivestarprofessional.com.
Potomac Financial Private Client Group, LLC
6723 Whittier Avenue, Suite 305
McLean, VA 22101
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