I take great pride in helping clients grow, preserve and enjoy their wealth. I have developed and refined a process that guides my clients as their life unfolds and as their needs evolve.
Fairfield, NJ (PRWEB) June 12, 2017
Five Star Professional is pleased to announce Jim McCarthy, CFP®, Directional Wealth Management, LLC, has been chosen as one of New Jersey’s Five Star Wealth Managers for 2016.
Five Star Professional partnered with New Jersey Monthly to recognize a select group of New Jersey-area wealth managers who provide quality services to their clients. Jim McCarthy, CFP®, was featured, along with other award winners, in a special section of the January issue.
“I take great pride in helping clients grow, preserve and enjoy their wealth,” says James McCarthy, CFP®, of Directional Wealth Management. “I have developed and refined a process that guides my clients as their life unfolds and as their needs evolve. Serving a select group of successful business owners and professionals, we focus on the four key areas of life — family, occupation, recreation and, finally, money. We equip people to lead better financial lives through an integrated framework of educational resources, collaborative tools, and personal one-to-one advice. We believe money can be organized and multiplied for the betterment of our clients’ and their families.”
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.
Directional Wealth Management, LLC and Securities America are separate entities. They are independently owned and operated. Securities offered through Securities America, Inc., Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc.
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. 4,143 New Jersey wealth managers were considered for the award; 626 (16 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.