Source: The Financial Times Ltd. (“The FT”). “FT” and “Financial Times” are trademarks of The Financial Times Ltd. The Financial Times 300 Top Registered Investment Advisers is an independent listing (“The FT 300”) produced annually by the Financial Times (June, 2018). The FT is not affiliated with Reilly Financial Advisors (“RFA”). The FT 300 is presented as “an elite group,” not a competitive ranking of one to 300. The results are not based upon information or opinions of participating Registered Investment Advisers’ (“RIA’s”) clients. Therefore, inclusion on The FT 300 is not representative of any participating RIA’s clients’ experiences. Neither the participating RIAs nor their employees pay a fee to The Financial Times in exchange for inclusion in The FT 300.
The FT 300 is based on data gathered from RIAs, regulatory disclosures, The FT’s research, and/or research conducted on The FT’s behalf by “Ignites Distribution Research,” a Financial Times sister publication. The FT invited RIAs reporting $300 million or more in client assets under management to complete a lengthy application, which was analyzed along with data available from regulatory filings. The FT indicates that the methodology used to evaluate inclusion on The FT 300 is quantifiable and objective, and that the participating RIAs had no subjective input in the analysis.
Approximately 520 RIAs applied and 300 made the final list. The formula utilized to evaluate participating RIAs for inclusion on The FT 300 is based on six factors and calculates a numeric score for each participating RIA. Areas of consideration include: assets under management, asset growth, RIA age, industry certifications of key employees, SEC compliance record, and online accessibility. By considering the “SEC compliance record,” eligibility to appear on The FT 300 is designed to ensure that a participating RIA has an established and significant history and record free from regulatory sanctions. Assets under management and asset growth, combined, comprised roughly 80 to 85 per cent of each participating RIA’s score. 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.
To the best of RFA’s knowledge: The FT does not include RIAs on The FT 300 if the ratings are not statistically valid with respect to any RIA; and there are no facts that would call into question the validity of the inclusion on The FT 300 or the appropriateness of RFA advertising the same.
Inclusion on the FT 300 is absolutely not indicative of RFA’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if RFA is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of RFA by any of its clients.
More information about FT 300 is available here: https://www.ft.com/content/a07f2b38-4d54-11e8-97e4-13afc22d86d4