I’m very grateful and appreciative to be recognized. I pride myself in being able to educate and empower my clients to understand where they are, where they need to go, and how best to get there.
Greenville, RI (PRWEB) December 05, 2016
Five Star Professional is pleased to announce Nick Loring, Loring Advisory Group, has been chosen as one of Rhode Island’s Five Star Wealth Managers for 2017.
“I’m very grateful and appreciative to be recognized. Every day, our financial lives are becoming ever more complicated, with more choices and distractions than ever before. I pride myself in being able to educate and empower my clients to understand where they are, where they need to go, and how best to get there. I look forward to continuing to serve them and helping them achieve their goals of a comfortable, confident lifestyle,”said Nick Loring of Loring Advisory Group.
Five Star Professional partnered with Rhode Island Monthly to recognize a select group of Rhode Island-area wealth managers who provide quality services to their clients. Nick Loring will be featured, along with other award winners, in a special section of the January issue.
“At Loring Advisory Group we employ a comprehensive approach to your financial situation in order to deliver meaningful results. This not only includes your investments, but many other parts of your financial lifestyle that tend to be overlooked. With your future goals in mind, we will help develop a customized strategy that ensures you and your loved ones are protected and on the path to achieving financial independence,” said Nick Loring.
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.
“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.
“There is nothing more rewarding than the look on a client’s face when you help them recognize and provide the solution to a worry that’s been weighing on them heavily. That look, and the knowledge that you helped them achieve that peace of mind is what got me into this profession, and sparks my passion on a daily basis,” said Nick Loring
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 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 (As defined by Five Star Professional, the wealth manager has not: A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three customer complaints filed against them [settled or pending] with any regulatory authority or Five Star Professional’s consumer complaint process. 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; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint filed with a regulatory authority; D. Filed for personal bankruptcy; E. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 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 placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 476 Rhode Island wealth managers were considered for the award; 188 (40 percent of candidates) were named 2017 Five Star Wealth Managers.
For research methodology information visit http://www.fivestarprofessional.com.
Securities and advisory services offered through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser.
Loring Advisory Group
600 Putnam Pike, Suite 4
Greenville, RI 02828