Five Star Professional Honors Giovanni S. Astorino of GSA Wealth Management with the 2016 Five Star Wealth Manager Award

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

It is a privilege to accept this award. Thank You! This is quite an honor for me.

Giovanni (John) Astorino of GSA Wealth Management is featured in a special section of the December issue of Philadelphia magazine as a 2016 Five Star Wealth Manager award winner.

Five Star Professional partnered with Philadelphia magazine to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.

“It is a privilege to accept this award. Thank You! This is quite an honor for me. The fact that Philadelphia magazine included me in its selection of 2016 Five Star Wealth Managers signals that my constant effort to deliver excellent work has paid off. It is gratifying to be recognized in this way,” said Giovanni (John) Astorino of GSA Wealth Management.

The 2016 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.

“I am a Financial Advisor in the Maple Glen office. As a Financial Advisor, I assist clients in determining long-term financial goals. I specialize in implementing wealth management strategies with an emphasis on generating retirement income and constructing portfolios designed to reduce risk and maximize return. I hold the professional designation of "Chartered Retirement Planning Counselor℠" (CRPC®),” said Giovanni (John) Astorino.

“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.

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. 2,677 Philadelphia wealth managers were considered for the award; 557 (25 percent 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.

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Giovanni (John) Astorino
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