Largest Fee-Only RIAs (2019)
Savant was named by financial trade publication InvestmentNews as one of its 2019 nationwide ranking of leading RIA firms. Savant ranked #32 on the comprehensive list of more than 2,200 firms, climbing 15 spots from 2018. The list is based on total AUM and is the twelfth time Savant has been recognized.
According the ranking methodology notes: “InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after Jan. 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.”
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Best Places to Work for Financial Advisers (2018)
Financial trade publication InvestmentNews named Savant to their inaugural list of the top-50 “Best Places to Work for Financial Advisers” in 2018. Based on employer and employee surveys delving into everything from company culture, benefits, career paths and more, the list is a first of its kind for the financial advice industry. Savant ranked #11 for large firms.
InvestmentNews partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to compile the inaugural survey and recognition program. Through online employee and employer surveys, Best Companies Group collected information to determine the strengths of each of the firms that voluntarily participate in the program and each workplace is ranked on this data. The fifty organizations that made the cut scored the highest all around when InvestmentNews evaluated their internal practices and surveyed their employees. InvestmentNews focused their assessment on a number of key areas, including the quality of leadership, pay and benefit practices and work-life balance issues. InvestmentNews also looked at how firms valued diversity and inclusion among their ranks.
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Rankings and/or recognition by InvestmentNews rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Savant is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Savant by any of its clients. Rankings published by InvestmentNews, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers.. After being recognized, Savant did purchase six framed awards and a one year logo license for $3,500 for “Best Places to Work.”