Five Star Professional Recognizes Michael R. Paris of Paris International Corporation as a 2016 Five Star Wealth Manager Award Winner
New York, NY (PRWEB) January 14, 2016 -- Five Star Professional is pleased to announce Michael R. Paris, Paris International Corporation, has been chosen as one of New York’s Five Star Wealth Managers for 2016.
Five Star Professional partnered with New York magazine to recognize a select group of New York-area wealth managers who provide quality services to their clients. Michael R. Paris is featured, along with other award winners, in a special section of the January issue.
“Our firm has over 45 years of experience in this industry and helping people has been our driving force,” says Michael R. Paris of Paris International Corporation.
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.
“We would like to thank our clients for allowing us to be their partner in success,” says Michael. “We understand that there are many options in the financial services arena and, while we believe we differentiate ourselves from the pack, we are grateful to each and every client who puts their trust in our team.”
“Five Star Wealth Managers are more than knowledgeable in their field. They maintain a sharp focus on building enduring relationships and demonstrate tremendous dedication to the families and individuals they serve,” says Lynn Hargreaves, VP, Research and Services Operations, Five Star Professional.
Michael R. Paris’s Five Star award profile can be viewed here.
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. 2,169 New York City wealth managers were considered for the award; 154 (8 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.
Securities and advisory services offered through NPC of America (NPCOA), member FINRA/SIPC, a Registered Investment Adviser. Additional advisory services offered through ACI Partners, LLC (ACI), a Registered Investment Adviser. Paris International, ACI and NPC are separate and unrelated companies.
Alicia Streiber, Five Star Professional, http://www.fivestarprofessional.com, +1 (651) 259-1965, [email protected]
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