This award means a lot to me and tells me that the way I do business, the way I treat my clients and the quality of my work is recognized. Thank you, I am humbled, honored, and will always strive to do my best on the behalf of my clients.
Oak Lawn, IL (PRWEB) December 14, 2016
Russell G. Luce, Planning Legacies Financial Group is featured in a special section of the November issue of Chicago magazine as a 2016 Five Star Wealth Manager award winner.
“This award means a lot to me and tells me that the way I do business, the way I treat my clients and the quality of my work is recognized. Thank you, I am humbled, honored, and will always strive to do my best on the behalf of my clients. It is an honor to serve my clients whom I consider extended family,” said Russell G. Luce.
Five Star Professional partnered with Chicago magazine to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.
“I got into this profession to make an impact on the people I serve to make their lives better from their relationship with me. Planning Legacies Financial Group is a wealth management, special needs planning and full service insurance company,” said Russell G. Luce of Planning Legacies Financial Group.
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.
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. 3,411 Chicago wealth managers were considered for the award; 726 (22 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.
For research methodology information visit http://www.fivestarprofessional.com.
Investment Advisor Representative of and offering securities and advisory services through Foresters Equity Service, Inc./Member FINRA/SIPC/6640 Lusk Boulevard, Suite A202, San Diego, CA 92121, 1-858-550-4844.
Planning Legacies Financial Group and Foresters Equity Services are unaffiliated entities.