It’s always special to be recognized for excellence in the industry. What’s more rewarding to me is developing long-term relationships with my clients and helping them pursue their goals.
Scottsdale, AZ (PRWEB) February 03, 2016
Darren M. Tosetto of WealthPro Financial is featured in a special section of the September issue of PHOENIX magazine as a 2015 Five Star Wealth Manager award winner.
“My parents were in the unfortunate position of receiving some very poor investment advice just prior to their retirement. It was a financially devastating blow to them,” says Darren. “I got into the business of managing money with the idea that I would build a business based on knowledge, integrity and prudent stewardship of my clients’ assets. It’s been a very rewarding journey! My primary goal is to protect my clients’ assets and grow their net worth by sifting through the ‘market noise’ and making sound decisions based on a holistic approach to their financial portfolios.”
Five Star Professional partnered with PHOENIX magazine to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.
“It’s always special to be recognized for excellence in the industry. What’s more rewarding to me is developing long-term relationships with my clients and helping them pursue their goals. Ultimately, accolades mean very little to me if my clients aren’t successful,” says Darren.
The 2015 Five Star Wealth Manager award winners have been carefully selected for their commitment to providing quality services to their clients. The award is based on an in-depth research process incorporating peer and firm feedback with objective criteria such as client retention rates, client assets administered, industry experience, and regulatory and complaint history.
“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 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. 2,728 Phoenix wealth managers were considered for the award; 254 (approximately 10 percent of candidates) were named 2015 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.
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