I love helping individuals plan for retirement and to be recognized for my industry commitment.
Scottsdale, AZ (PRWEB) November 02, 2015
Five Star Professional is pleased to announce Stephen Lomsdalen, Lomsdalen Wealth Management, has been chosen as one of Phoenix’s Five Star Wealth Managers for 2015.
Five Star Professional partnered with PHOENIX magazine to recognize a select group of Phoenix-area wealth managers who provide quality services to their clients. Stephen Lomsdalen is featured, along with other award winners, in a special section of the September issue.
"I love helping individuals plan for retirement and to be recognized for my industry commitment,” says Stephen Lomsdalen of Lomsdalen Wealth Management. “It's a privilege to be included in this year's prestigious list of award-winning wealth managers. I have been serving the needs of retirement-minded investors for more than 20 years, and I take great pride in helping my clients become clear about their goals, create a vision for the future and establish a retirement income plan they can have confidence in. I accomplish this through education, guidance and open communication."
The Five Star Wealth Manager award program is the largest and most widely published 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,” says Johnathan Wesser, Research Director, Five Star Professional.
Stephen Lomsdalen’s Five Star award profile can be viewed here.
About the research process:
Now entering its 13h year, Five Star Professional conducts in-depth, market-specific research in more than 45 markets across the United States and Canada to identify premium service professionals.
Wealth manager award candidates are identified through firm nominations, peer nominations and industry qualifications, and then evaluated on 10 objective eligibility and evaluation criteria including; client retention rates, client assets administered, firm review and a favorable 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. 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 custom¬er 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. 2,728 Phoenix wealth managers were considered for the award; 254 (approximately 10 percent of candidates) were named 2015 Five Star Wealth Managers.
Stephen Lomsdalen is registered with, and securities and investment advisory services are offered through, Brokers International Financial Services, LLC. Panora, IA. Member FINRA/SIPC. Brokers International Financial Services, LLC and Lomsdalen Wealth Management are not affiliated companies.