Sowell Management has been named to Forbes inaugural list of America’s Top Registered Investment Advisor (RIA) Firms. The 2022 list recognizes the leading RIA firms across the U.S. with decades of experience and a proven record of accomplishment seeing clients through market turmoil and preserving their wealth.
Sowell Management ranked 94th in the prestigious annual report, produced independently by Forbes. The inaugural Forbes Top RIA list has 100 advisory firms with cumulative assets of $730 billion.
Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank member firms. Their algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and considers firms that encompass best practices and approaches to working with clients, the report stated.
In its report, Forbes noted that RIA firms, which are legally bound by a fiduciary standard, remain one of the fastest-growing segments in the wealth management business because they are committed to working in a client’s best interest rather than for such things as high commission products.
Bill Sowell, CEO of Sowell Management, said, “Sowell Management has been fortunate to be recognized in numerous high-profile honors, but being part of Forbes’ list that singles out RIAs for considerations including best practices working with clients is particularly rewarding.
“Ours is a relationship business, and we put clients first. This recognition is a testament to our exceptional clients and team members in every department of our firm,” Sowell added.
“Though 2022 has been a challenging year in many respects, we’ve found a way to improve our offerings, distinguish our brand and grow our business. We are proud to be considered a leader in the industry alongside the best names in the business,” he added.
The Forbes publication is more than 100 years old and features articles on finance, industry, investing and marketing topics. The 2022 Top 100 RIA Firms list can be found at Forbes America’s Top RIA Firms.
*Regulatory assets under management are assets where Sowell provides continuous and regular supervisory or management services to client portfolios. Assets under administration is a measure of the total assets for which Sowell provides administrative services.
Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor or by any client, nor are they representative of any one client’s evaluation. Generally, rankings and recognition are based on information prepared and submitted by the advisor. No fee was paid for consideration of this award and consideration for the Forbes 2022 Top 100 RIAs was conducted by interview on June 29, 2022. The report was published in October, 2022.