Father-Son Duo of Garber Wealth Management Team Recognized By Forbes

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Barry and Zack Garber have earned the prestigious recognition by Forbes as the only father‐son duo from the Baltimore metropolitan area to be named to its national wealth advisor lists for 2020 – Barry as one of the “America’s Top Wealth Advisors” and Zack as one of “America’s Top Next‐Gen Advisors”.

Barry and Zack Garber

Barry and Zack Garber have received national recognition by Forbes as the only father‐son duo from the Baltimore metropolitan area to be named to its wealth advisor lists for 2020.

Individually and collectively, we have worked hard to deliver results for our clients, and it is particularly gratifying to be recognized in the national arena.

Like Cal Ripken, Jr., Tiger Woods and Payton Manning – all of whom learned their trade from their fathers and reached the pinnacle of their careers as a result – the Baltimore‐based father‐son team of Barry and Zack Garber are also a prime example of generational success. Recently, they earned the prestigious recognition by Forbes as the only father‐son duo from the Baltimore metropolitan area to be named to its wealth advisor lists for 2020 – Barry as one of the “America’s Top Wealth Advisors” and Zack as one of “America’s Top Next‐Gen Advisors”.

For nearly three decades, Baltimore‐based wealth manager Barry Garber has been advising institutions and high net‐worth individuals with the best practices in financial investment. Having earned accolades over the years for his performance in the industry, Garber recognized in recent years that there was a unique generational opportunity and encouraged his son Zack to join him as a partner. In 2015, having spent four years gaining industry experience in London and New York and then successfully completing his MBA at Wharton prior, Zack joined the Garber Wealth Management Team of Alex. Brown, A Division of Raymond James.

“What could be better than sharing one of the industry’s most prestigious awards than with your son,” said Barry Garber. “Individually and collectively, we have worked hard to deliver results for our clients, and it is particularly gratifying to be recognized in the national arena.”

This is the fifth year that Barry Garber has been featured on the Top Wealth Advisors list, which includes 250 advisors who manage nearly $1 trillion in client assets. Zack Garber has been recognized on the Top Next‐Gen list, which includes 500 rising advisors who help manage over $1 trillion in client assets, each year since 2017. Both were nominated by their firm, then vetted and ranked by SHOOK Research.

“Barry is my father and biggest supporter as well as my mentor,” said Zack Garber. “Working together, I have the opportunity to learn so much from him, and I am inspired by his vision and ability to tackle the everyday tasks without losing sight of the longer‐term picture. It’s an honor to be recognized by Forbes alongside my father. I’m proud of what we’ve accomplished and look forward to continuing to serve our clients and community together.”

The Garber Wealth Management team is made up of a strong bench of seven qualified professionals with over 100 years of combined firm experience. The younger Garber, along with Christopher Conway a CERTIFIED FINANCIAL PLANNER (CFP), bring the voice of the millennials and an approach to investing that reflect the ambitions and sensibilities of that generation.

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ABOUT BARRY GARBER
For 29 years, Barry has provided advisory services to a wide range of clients, including institutions and high‐net‐worth individuals. He combines his years of experience with the vast resources of Alex. Brown, a division of Raymond James, to deliver customized strategies that help meet clients’ unique financial needs.

Barry specializes in custom portfolios with expertise in overlaying alternative investments, including private equity, hedge funds, real estate and structured solutions. He provides suitable investments based on a client’s goals and risk profile and utilizes open architecture solutions – all with unwavering professionalism and attentive service.

Over the course of his career, Barry has received a number of accolades. He has been recognized on Barron’s annual list of Top Financial Advisors since 2009. He has been recognized by the Financial Times as both a Top 400 Financial Advisor in 2017 and as a Top 401 Retirement Advisor in 2015, distinguishing top financial advisors who specialize in servicing defined contribution retirement plans. Additionally, Barry Garber has been recognized as one of America’s Top Wealth Advisors by Forbes in 2016, 2017, 2018, 2019 and 2020 and Best‐In‐State Wealth Advisors by Forbes in 2019.

Barry graduated magna cum laude from Syracuse University School of Management with a B.S. in marketing, and later went on to earn his M.B.A. from New York University. He holds Series 7, 63, 65 and Health, Life, Variable Life, & Variable Annuity insurance licenses. Barry began his career in 1991 at Alex. Brown & Sons, which is now Alex. Brown, a division of Raymond James.

Barry is a founder and recent chair of a men’s leadership society, The Solomon Society, and a trustee of the University of Maryland Foundations Board and Vice Chair/Chair‐elect of the Finance Committee. Barry has also been involved with The Associated Jewish Community Federation of Baltimore in various leadership capacities over the past two decades.

ABOUT ZACHARY GARBER
Zack has extensive experience serving a wide range of clients, from large retirement plans and endowments to high‐net‐worth individuals. He specializes in custom portfolios with expertise in overlaying alternative investments, including private equity, hedge funds, real estate and structured solutions. Zack infuses enthusiasm and thoughtfulness into his work and strives to help clients seamlessly navigate all aspects of their financial well‐being.

Zack was initially driven to the industry by his desire to serve business and community leaders while also stimulating his intellectual curiosity. Today, he makes full use of the tools available at Alex. Brown, a division of Raymond James, to help provide suitable investments based on a client's goals and risk profile and offer strategies customized to his clients' needs.

Before joining the team, Zack was an associate on Deutsche Bank's structured solutions desk. He graduated Beta Gamma Sigma from Emory University Goizueta School of Business with a B.B.A. in finance, and later participated in Deutsche Bank's global analyst training program. He then went on to graduate with honors from the University of Pennsylvania's Wharton School of Business with an M.B.A.

He has met the CFA® Program requirements and Zack is a CFA® charterholder. In addition to this, he has Series 7, 63, 66 and Health, Life, Variable Life & Variable Annuity insurance licenses.

Recent accolades include Zack being recognized as one of America's Top Next Generation Wealth Advisors by Forbes in 2017, 2018, 2019 and 2020.

When he's not in the office, Zack stays active as a member of a number of community organizations, including The Associated: Jewish Community Federation of Baltimore, where he is a board member and serves on the real estate committee, young impact committee, and is social chair of the National Young Leadership Cabinet. Zack is also a JNFuture who serves on JNF national water task force. In 2016, Zack launched the Francis Scott Key Society, a young leadership networking group driven to make change in the Baltimore community. Shortly after in 2018, he launched Charm City Dreamers, a podcast that highlights visionary leaders making an impact in Baltimore with national implications.

ABOUT THE GARBER WEALTH MANAGEMENT TEAM
The Garber Wealth Management Team serves a variety of clients by providing investment consulting and complete financial planning. Our team works to understand each client’s unique circumstances to ultimately create a distinctive plan that provides a roadmap for their financial journey. We advocate for your long‐term financial success, through persistent management and on‐going guidance. By utilizing the full bandwidth of our firm’s knowledge and expertise, we provide the service and counsel necessary to enhance your financial outlook and propel you toward your goals. More information can be found at https://www.alexbrown.com/garberwealthmanagementteam.

ABOUT ALEX. BROWN
Since its founding in 1800, Alex. Brown has embodied a signature approach to wealth management, leveraging our extensive experience, expertise and resources to steadfastly focus on each individual, family and institution we serve. That legacy empowers us to provide a higher degree of investment insight and an uncommon level of customized service as we address our clients’ diverse and unique needs. As the nation’s first investment bank, we are proud of our strong heritage, but we prefer to raise the bar higher.

Alex. Brown is a division of Raymond James & Associates, Inc., Member New York Stock Exchange/SIPC.

Alex. Brown, a Division of Raymond James
100 International Drive, 22nd Floor
Baltimore, MD 21202

America’s Top Wealth Advisors (Forbes.com Aug. 2020). Data provided by SHOOKTM Research, LLC. Data as of 3/31/20. The ranking, developed by SHOOK Research, is based on in‐person and telephone due diligence meetings and a ranking algorithm that includes: a review of best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. Research Summary (as of August 2020): 32,325 Advisor nominations were received based on high thresholds. 15,577 Advisors were invited to complete the online survey. SHOOK has conducted over 12,456 telephone interviews with advisors. 2,646 Advisors were interviewed in‐person at the Advisors' location. Final list of the top 250 Advisors was then compiled based an algorithm that considers both quantitative and qualitative criteria. For more information, please visit https://www.forbes.com/top-wealth-advisors/#3771d1c81a14.

The Forbes Next‐Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in‐person due diligence interviews, and quantitative data. Those advisors that are considered are under 40, have a minimum of four years' experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Rankings are based on the opinions of SHOOK Research, LLC. Research Summary (as of April 2020): Out of 32,000 nominations received, 500 made the final list in 2020. Please visit https://www.forbes.com/top-next-gen-advisors/#3fe84ac46df0 for more info.

The Forbes ranking of Best‐In‐State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in‐person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 32,000 nominations, more than 4,000 advisors received the award. Please visit https://www.forbes.com/best-in-state-wealth-advisors/#122561f6291d for more info.

Barron’s Top 1,200 Financial Advisors - Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.

The Financial Times 400 Top Financial Advisors is an independent listing produced annually by Ignites Research, a division of Money‐Media, Inc., on behalf of the Financial Times (2017). To qualify for the list, advisers had to have 10 years of experience and at least $300 million in assets under management (AUM) and no more than 60% of the AUM with institutional clients. The FT reaches out to some of the largest brokerages in the U.S. and asks them to provide a list of advisors who meet the minimum criteria outlined above. These advisors are then invited to apply for the ranking. Only advisors who submit an online application can be considered for the ranking. In 2017, roughly 790 applications were received and 400 were selected to the final list (50.6%). The 400 qualified advisers were then scored on six attributes: AUM, AUM growth rate, compliance record, years of experience, industry certifications, and online accessibility. AUM is the top factor, accounting for roughly 60‐70 percent of the applicant’s score. Additionally, to provide a diversity of advisors, the FT placed a cap on the number of advisors from any one state that's roughly correlated to the distribution of millionaires across the U.S.

The Financial Times FT 401 Top Retirement Advisers award had 401 of the 550 advisor applicants being recognized as a Top Retirement Adviser. Advisers award had 401 of the 550 advisor applicants being recognized as a Top Retirement Adviser. The FT asked large U.S. brokerages, independent advisors, and other wealth managers to identify qualified Direct Contribution (DC) plan advisor applicants. They partnered in research with Broadridge Financial Solutions who provided data from its proprietary databases that helped identify advisors who specialize in serving DC plans, including 401k, pensions and other DC accounts. Advisors have on average 81% of their total client assets in DC plans. Qualifying advisors filled out an online application and questionnaire that gave the FT more information about their practices. The FT augmented that information with their own research on the candidates, including data from regulatory filings. The FT generated an internal score for each applicant based on six primary factors: DC plan assets under management, DC plan AUM growth rate, DC plan growth rate, experience advising DC plans, the advisor’s industry certifications (CFP, etc.), compliance record, and degree to which advisor specializes in the DC business. Roughly 80 to 85 percent of the final score is based on DC plan AUM and growth in the DC plan business (measured by plan numbers and plan assets). Additionally, to provide a diversity of advisors, the FT places a cap on the number of advisors from any one state that's roughly correlated to the distribution of millionaires across the U.S.

These rankings are not indicative of advisor's future performance, are not an endorsement, and may not be representative of individual clients' experience. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for these awards/ratings. Raymond James is not affiliated with Forbes, Shook Research, LLC, Barrons’, The FT, Ignite Research, or Money‐Media, Inc.

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