Chicago Magazine Publishes Brad Phillips and Sam Edwards of Lakeshore Financial in the exclusive list of 2017 Five Star Wealth Managers

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Award winners represent a select group of wealth managers in the Chicago area.

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Sam Edwards and Brad Phillips of Lakeshore Financial

I am honored and humbled to receive this recognition for the third consecutive year.

Five Star Professional is pleased to announce Brad Phillips and Sam Edwards, Lakeshore Financial, have been chosen as two 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 and Sam Edwards are 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. Sam Edwards and I have won the award in 2015, 2016 and 2017. 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.

“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.

“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 Sam Edwards 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 2017Five 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.

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Five Star Representative

Brad Phillips
Lakeshore Financial