As a CERTIFIED FINANCIAL PLANNER™ professional, I enjoy helping clients achieve financial independence and growing their wealth
Washington, D.C. (PRWEB) November 05, 2015
Five Star Professional is pleased to name Jean Jacques Borno, Private Wealth CFOs, as one of Washington D.C.’s Five Star Wealth Managers for 2015.
Borno is one of a select group of wealth managers in the Washington, D.C., area to attain this prestigious award.
“I am honored to be named as a Washington, D.C., Five Star Wealth Manager. I have been very fortunate to advise successful professionals,” states Jean Jacques Borno.
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. Borno is featured, along with other award winners, in a special section of the Oct. 25 issue.
“As a CERTIFIED FINANCIAL PLANNER™ professional, I enjoy helping clients achieve financial independence and growing their wealth,” says Borno. “Over the course of long-term client relationships, it’s exciting to help clients navigate the ever-changing tax laws, financial
markets and estate planning laws.”
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.
Jean Jacques Borno’s Five Star award profile can be viewed here.
About Private Wealth CFOs
Private Wealth CFOs LLC is a boutique Registered Investment Advisory firm located in Bethesda, Maryland. The firm manages diversified investment portfolios and provides financial advisory services to successful professionals. Private Wealth CFOs helps clients make smart money decisions, and the firm helps clients grow and protect their wealth.
About Jean Jacques Borno, CFP®
Jean Jacques Borno is the managing principal of Private Wealth CFOs. Borno is enrolled in the MBA for Executives program at the University of Virginia Darden School of Business, and he is scheduled to graduate in 2017. He earned a B.S. in business from Florida International University. Borno holds the Certified Investment Management Analyst designation. The CIMA® training program is conducted jointly with the Investment Management Consultant Association and the Wharton School of the University of Pennsylvania. Borno has served as the Miami Herald’s Financial Expert of the Week and contributed to the following articles: “Heading Into the Home Stretch” (for the ABA Journal website; appeared Oct. 1, 2007), and “Common $ense $aving” (for the ABA Young Lawyers Division in February 2007). He has authored a white paper for attorneys titled “Building Long-Term Wealth in Turbulent Financial Times: Guide for Law Firm Partners, Counsel & Senior Attorneys.”
Borno was selected to co-lead an elite group of financial planning professionals and subject matter experts to write questions for the March 2015 and subsequent CFP® Exams, and to test and troubleshoot Prometric’s My Item Writer™ software. He worked with other financial planning professionals to develop examination questions during an intensive and rigorous two-day session at CFP Board headquarters in Washington, D.C.
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. 1,837 Washington, D.C., wealth managers were considered for the award; 227 (13 percent of candidates) were named 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.