Today, J.M. Egan Wealth Advisors, LLC serves over 300 families in 15 states.
Madison, NJ (PRWEB) January 22, 2016
Five Star Professional is pleased to announce John Egan, CFP®, J.M. Egan Wealth Advisors, 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. John Egan, CFP® is featured, along with other award winners, in a special section of the January issue.
John M. Egan is a CERTIFIED FINANCIAL PLANNER™ professional and president of J.M. Egan Wealth Advisors, LLC. John founded J.M. Egan Wealth Advisors, LLC more than 25 years ago to provide comprehensive financial and wealth planning for individuals and families. Today, with John’s leadership, J.M. Egan proudly serves over 300 families in 15 states. John holds various security licenses and a life and health insurance license, and he is a registered investment advisor representative.
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.
“I founded J.M. Egan Wealth Advisors, LLC more than 25 years ago to provide comprehensive financial and wealth planning for individuals and families,” says John Egan, CFP® of J.M. Egan Wealth Advisors LLC. “Today, J.M. Egan Wealth Advisors, LLC serves over 300 families in 15 states.”
“Based on our evaluation, the wealth managers we recognize are committed to pursuing professional excellence and have a deep knowledge of their industry. They strive to provide exemplary care to the people they serve,” stated Dan Zdon, CEO, Five Star Professional.
John Egan’s Five Star award profile can be viewed here.
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 authorNew Jersey or Five Star Professional’s consumer complaint process, 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authorNew Jersey, 4. filed for bankruptcy, or 5. been convicted of a felony.
For research methodology information visit http://www.fivestarprofessional.com.