Altium Wealth has been recognized as one of Financial Advisor Magazine’s “Top 50 Fastest-Growing Firms” in the magazine’s annual RIA survey and rankings for firms with more than $250M of assets under management. Altium Wealth is ranked 13th on the list with $911.42M in assets under management as of December 31, 2017. The firm has experienced asset growth exceeding 82% from its prior year-end numbers.
“We are honored to be recognized on Financial Advisor Magazine's list of Top 50 Fastest-Growing RIAs,” said Managing Director, Anthony DeStefano. “No firm can achieve true long-term growth without loyal and trusted relationships, along with a hardworking and dedicated team. We are fortunate to have both.”
Altium Wealth continues to see growth in 2018. Midway through this year, Altium Wealth has grown another 21% and has surpassed $1B in assets under management.
Financial Advisor Magazine is a leading monthly publication for financial professionals. The July 2018 issue features its list of the Top 50 Fastest-Growing Firms with more than $250M in assets under management. Registered Investment Advisors reported their 2017 asset growth directly to the magazine. In total, 707 firms submitted their data and were ranked by percentage growth of their assets under management.
Click here to see the complete list of Top 50 Fastest-Growing Firms.
Financial Advisor Magazine’s (“FA”) Top 50 Fastest-Growing RIAs is an independent listing (“FA Top 50”) produced annually by FA (July 2018). To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $50 million in assets under management as of December 31, 2017. Corporate RIA firms, investment advisor representatives (IARs) and hybrids are not eligible for this survey.
FA is not affiliated with Altium Wealth. FA’s Top 50 is presented as “an elite group,” not a competitive ranking of one to 50. The results are not based upon information or opinions of participating Registered Investment Advisers’ (“RIA’s”) clients. Therefore, inclusion on the FA Top 50 is not representative of any participating RIA’s clients’ experiences. Neither the participating RIAs nor their employees pay a fee to FA in exchange for inclusion in FA Top 50.
The FA Top 50 is based on data gathered from RIAs, regulatory disclosures, FA’s research, and/or research conducted on FA’s behalf. The FA indicates that the methodology used to evaluate inclusion on the FA Top 50 is quantifiable and objective, and that the participating RIAs had no subjective input in the analysis.
Approximately 700 RIAs were part of the FA’s survey, of which only 50 made the FA Top 50 list. Areas of consideration include assets under management, asset growth, RIA age, and online accessibility. Assets under management and asset growth are largely determinative as to a surveyed RIA’s inclusion on the FA Top 50 list.
To the best of Altium Wealth Management’s knowledge: FA does not include RIAs on the FA Top 50 list 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 FA Top 50 or the appropriateness of McAdam advertising the same.
Inclusion on the FA Top 50 is absolutely not indicative of Altium Wealth'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 Altium Wealth is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of Altium Wealth by any of its clients.
More information about the FA Top 50 and a ranking of all 707 surveyed RIAs is available here: https://www.fa-mag.com/news/ria-survey---ranking-2018-39594.html