Richard M. Welch, JR (Rick), of Academy Wealth Advisers, Receives the 2016 Five Star Wealth Manager Award

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Rick Welch accomplishes what only a small percentage of wealth managers in the Philadelphia-area have achieved.

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To each of my valued clients I would like to express my deepest appreciation for the confidence you place in me each and every day. Without you, I would not be in the position to receive this important recognition amongst my peers.

Rick Welch of Academy Wealth Advisers was featured in a special section of the December issue of Philadelphia magazine as a 2016 Five Star Wealth Manager award winner.

“I am truly honored to receive this recognition. To each of my valued clients I would like to express my deepest appreciation for the confidence you place in me each and every day. Without you, I would not be in the position to receive this important recognition amongst my peers,” said Rick Welch of Academy Wealth Advisers.

Five Star Professional partnered with Philadelphia magazine to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.

“I founded Academy Wealth Advisers in 2011 with the intention of changing the investment management and financial planning experience. Though I have over 20 years of investing and wealth management experience, my path to today is vastly different than the typical wealth advisor. Each day I rely on my investment expertise and a wealth of successful business building experiences to help our clients fulfill their wealth planning goals. Our slogan is ‘We provide clear direction in a world of uncertainty,” said Rick Welch.

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.

“Based on our evaluation, the wealth managers we recognize are committed to pursuing professional excellence and have a deep knowledge of their industry. They strive to provide exemplary care to the people they serve,” stated Dan Zdon, CEO, Five Star Professional.

“I see my role as more than just your advisor, but as a partner in achieving your retirement dreams. Working together you can rest assured that I will have an in depth understanding of your vision of what a happy, healthy and prosperous retirement is. Though our approach is a consultative one, this does not mean that the burden of strategizing, preparing, implementing and monitoring an investment plan is a shared one. That is our job!“ said Rick Welch.

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. 2,677 Philadelphia wealth managers were considered for the award; 557 (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.

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Brianna Klapperich

Richard M. Welch, Jr. (Rick)
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