Newsletter June 2017 – Visionary Wealth Advisors

 

 

 

 

 

 

 

How Our Independence

Gives You Financial Freedom

 

 

 

 

This Summer we are excited to share great news with you


 

Visionary Wealth Advisors Launch NEW WEBSITE 
to provide even more transparency & access.

 

Visionary Wealth Advisors, LLC, named as one of 2017 Financial Times 300 Top Registered Investment Advisors!

 

Visionary Wealth Advisors are among the nation’s 300 top RIAs in 37 states and Washington, D.C. It's quite a group. The "average" FT 300 firm on the list has 24 years in the business, and manages an impressive $2.7 billion in assets.

This fourth edition of the FT 300 assesses registered investment advisers (RIAs) on desirable traits for investors.

To ensure a list of established companies with substantial expertise, we examine the database of RIAs registered with the US Securities and Exchange Commission and select those that reported to the SEC that they had $300m or more in assets under management (AUM). The Financial Times’ methodology is quantifiable and objective. The RIAs had no subjective input.

The FT invited qualifying RIA companies — more than 2,000 — to complete a lengthy application that gave us more information about them. We added this to our own research into their practices, including data from regulatory filings. Some 725 RIA companies applied and 300 made the final list.

The formula the FT uses to grade advisers is based on six broad factors and calculates a numeric score for each adviser. Areas of consideration include adviser AUM, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility. The reasons these were chosen are as follows:

  • AUM signals experience managing money and client trust.
  • AUM growth rate can be a proxy for performance, as well as for asset retention and the ability to generate new business. We assessed companies on one- and two-year growth rates.
  • Companies’ years in existence indicates reliability and experience of managing assets through different market environments.
  • Compliance record provides evidence of past client disputes; a string of complaints can signal potential problems.
  • Industry certifications (CFA, CFP, etc) shows the company’s staff has technical and industry knowledge, and signals a professional commitment to investment skills.
  • Online accessibility demonstrates a desire to provide easy access and transparent contact information.

AUM comprised roughly 65 to 70 per cent of each adviser’s score, while asset growth accounted for an additional 10 to 15 per cent.

Additionally, the FT caps the number of companies from any one state. The cap is roughly based on the distribution of millionaires across the US.

We present the FT 300 as an elite group, not a competitive ranking of one to 300. This is the fairest way to identify the industry’s elite advisers while accounting for the companies’ different approaches and different specializations.

The research was conducted on behalf of the Financial Times by Ignites Research, a Financial Times sister publication.

VISIONARY WEALTH ADVISORS is
ahead of the game with New Federal Regulations. 


 

 The Federal Government recently enacted a new investor protection rule, which took effect June 9.  It aims to protect retirement savings and requires financial advisors to work in your best interest.

The rule covers 401(k) plans and individual retirement accounts (IRAs). Starting on June 9, your financial advisor and his or her firm will need to comply with the "impartial conduct standard."

This requires financial advisors to charge no more than reasonable compensation, avoid misleading statements and, perhaps most importantly, provide advice that's in the best interest of the investor.

VWA is already your FIDUCIARY, which means that we have always worked in your best interest as a Registered Independent Financial Investment Firm. 

We have been practicing the five fiduciary principles long before the new regulations went into effect:

FIVE FIDUCIARY PRINCIPLES

  • ALWAYS put your best interests first.

  • ACT with prudence; that is, with the skill, care, diligence, and good judgment of a professional.

  • WILL not mislead clients, and will provide conspicuous, full and fair disclosure of all important facts.

  • AVOID conflicts of interest.

  • FULLY disclose and fairly manage, in your favor, any unavoidable conflicts.

If you have questions about the new regulations, just call us and we are happy to discuss with you.

podcast-01

 

Have Questions? Send us a message.

We will get back to you as soon as we can.

  • This field is for validation purposes and should be left unchanged.