SANTA MONICA, Calif.--(BUSINESS WIRE)--David C. Wright, Managing Director of Sierra Investment Management, Inc., was named to Barron’s list of the “Top 100 Independent Financial Advisors” in its August 26, 2013 issue. This is the financial magazine’s seventh annual ranking of top independent advisors. The group’s assets under management grew an average of 16% over the past 12 months through June 30, the result of solid investment returns and new business. That growth rate is up from the 12% annual pace posted for advisors on Barron’s 2012 list. These ranked advisors, typically backed by sizeable teams of financial-service professionals, increased average assets under management to $3.6 billion in 2013, up from $3.1 billion one year ago.
“Barron’s goal in publishing its rankings is to shine a spotlight on the best advisors”
In response to being named one of Barron’s “Top 100 Independent Financial Advisors,” Mr. Wright said, “I am deeply gratified to be included on Barron's prestigious list. Since 1987, the team at Sierra Investment Management has been helping conservative investors to preserve and grow their wealth. Through the years, we have fine-tuned an investment approach specifically designed to help our clients enjoy a relaxing, worry-free future. We strive to deliver peace of mind through unusually broad diversification, our risk mitigation disciplines and exceptional client service.”
To be nominated for listing, advisors must complete a 102-question survey about their practice. The resulting pool of nominated advisors is then screened to determine the top 100 practitioners. The editors at Barron’s focus on total assets under management and revenue generated by the advisor’s team, as well as the overall quality of the practice. Investment performance is not an explicit criterion, because clients’ investment goals vary. In many cases, the objective is preservation of wealth, rather than market-trouncing returns.
“Barron’s goal in publishing its rankings is to shine a spotlight on the best advisors,” said Ed Finn, editor and president of Barron’s, “with an eye toward raising standards in the industry. The rankings serve two types of Barron’s readers. For wealth management professionals, who comprise about one-quarter of our readership, they serve as an industry scorecard. For individual investors, who make up about three-quarters of our readership, our advisor rankings are a tool to help them in the process of finding financial guidance.”
Founded in 1921, Barron’s is published by Dow Jones, which is owned by News Corp.
Barron’s (www.barrons.com) is America’s premier financial brand, known for its market-moving stories. Published by Dow Jones & Company since 1921, it reaches an influential audience of professional fund managers, financial advisors, affluent individual investors, financial-services professionals and senior corporate executives. With new content available every business day in digital form and every week in print, Barron’s provides readers with an intelligible recap of recent market action coupled with insights on what’s likely to happen in the market in the days and weeks to come. In addition, its annual series of exclusive conferences for financial advisors and investors is dedicated to identifying, enhancing and expanding best practices in investing. As a result of these initiatives, Barron’s is the trusted financial-publishing brand that people actively in the market turn to for information, ideas and insights they can use to increase their professional success and enhance their personal financial well-being.
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