My knowledge of investing and financial planning is extensive but I think what sets me apart is my commitment to understanding each client’s situation and aspirations and then tailoring an approach to help them get there.
Chicago, IL (PRWEB) March 13, 2017
Five Star Professional is pleased to announce Brad Phillips, Lakeshore Financial, has been chosen as one of Chicago’s Five Star Wealth Managers for 2017.
Five Star Professional partnered with Chicago magazine to recognize a select group of Chicago-area wealth managers who provide quality services to their clients. Brad Phillips is featured, along with other award winners, in a special section of the November issue.
“I am honored and humbled to receive this recognition for the third consecutive year. I have been in the financial services industry for over thirty years. During that time it has always been my goal to serve my clients with sound guidance and open communication. My knowledge of investing and financial planning is extensive but I think what sets me apart is my commitment to understanding each client’s situation and aspirations and then tailoring an approach to help them get there,” said Brad Phillips of Lakeshore Financial.
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.
“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,” stated Jonathan Wesser, Research Director, Five Star Professional.
Brad Phillips’ Five Star award profile can be viewed here.
“The complexity of the current financial marketplace makes it more important than ever to have a balanced approach to investing, guided by expert counsel and experience. I have built a reputation for providing trustworthy, well-researched advice to my clients. I use a proprietary planning model that allows me to create a highly customized plan to meet each investor’s needs,” said Brad Phillips of Lakeshore Financial.
Lakeshore Financial was founded in 1950 as a full-service financial services firm built on a foundation of trust and respect. Over the decades it has remained on the forefront of providing sophisticated wealth management solutions and advice to grow, manage, preserve and transfer wealth. Lakeshore Financial has a tradition of excellence that has helped establish and maintain its good name in the community for decades.
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; 780 (14% of candidates) were named 2017 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.