Being included as a multiyear award-winning wealth manager is a true honor. Serving clients and fostering relationships have been my passion for over 20 years.
The Woodlands, TX (PRWEB) June 23, 2016
Dan P. Michalk, Waterway Wealth Management, featured in a special section of the August issue of Texas Monthly as a 2016 Five Star Wealth Manager award winner.
Five Star Professional partnered with Texas Monthly to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.
“Being included as a multiyear award-winning wealth manager is a true honor. Serving clients and fostering relationships have been my passion for over 20 years. I also have the support of a great team who firmly believes in the principles of relationship building and superior customer service — the cornerstones of Waterway Wealth Management,” says Dan P. Michalk of Waterway Wealth Management.
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.
“Waterway Wealth Management is an independent financial planning firm that provides comprehensive financial planning and asset management. Our mission is to provide direction and leadership to professionals, small-business owners and their families. Our commitment is to build and maintain strong relationships and empower clients to focus on what is truly important to them,” says Dan. “Thank you to all of my clients who have trusted and believed in me over my entire career. You have inspired me and allowed me to grow and learn with you. I am blessed by the experiences we have shared.”
“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.
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. 1,763 Houston wealth managers were considered for the award; 437 (25 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.