Forbes Top RIA List
Savant Capital Management has been recognized as one of the "Top 50 fee-only Registered Investment Advisors (RIA)" in the nation by Forbes magazine. As of September 2010, Savant was listed at number 41 on the list, and was one of only three firms from Illinois named. Savant was also recognized by Forbes on the Top 50 Firms list in 2008 and 2009. The Forbes list recognizes firms that are Registered Investment Advisors and are ranked based on discretionary assets under management as defined by the Security and Exchange Commission as of September 30, 2010.
To qualify, firms must have more than 50% of their business serve the retail marketplace, advisors must provide financial planning services or portfolio management for individuals or conduct due diligence on third-party advisors, they must not be doing business as a broker/dealer, bank or insurance company, they can neither charge commissions nor have registered representative employees at the firm, and a majority of the RIA's business must not be invested in proprietary products.