Important Information About Awards and Rankings
Neither rankings and/or recognition by unaffiliated rating services, publications, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Athena is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers. No ranking or recognition should be construed as a current or past endorsement of Athena by any of its clients.
Largest Independent Advisors in MA: Boston Business Journal
The Boston Business Journal (BBJ) Top 25 Largest Investment Advisors in MA ranking is based on the total assets under management as of June 1 of the prior calendar year. The list includes firms that are headquartered in Massachusetts. To be considered for inclusion, Athena submitted a survey, which was supplied and reviewed by the BBJ.
Athena does not pay a fee to be considered for or included in the BBJ’s ranking.
Top Largest Fee-Only RIAs: InvestmentNews
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 January 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) or one who is an insurance company or agency.
Athena does not pay a fee to InvestmentNews for inclusion in the survey.
Top RIAs: FA Magazine
The FA Magazine Top RIA Ranking includes firms that are 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, 2018. Corporate RIA firms, investment advisor representatives (IARs) and hybrids are not eligible for this survey.
Athena does not pay a fee to Financial Advisor Magazine in exchange for inclusion in the ranking.
300 Top RIAs: Financial Times
The formulae the Financial Times uses to grade advisors is based on six broad factors and calculates a numeric score for each advisor. Areas of consideration include: AUM, asset growth, firm’s years in existence, industry certifications of key personnel, SEC compliance record, and online accessibility. To be considered for inclusion, Athena submitted a survey, which was supplied and reviewed by The Financial Times.
Athena does not pay a fee to be considered for or included in The FT300 ranking.
Asset Managers – Corporate Social Responsibility/Diversity: WealthManagement.com
The WealthManagement.com Industry Awards for Asset Managers, Corporate and Social Responsibility recognize a new initiative, program, platform, charity, environmentally responsible, or industry content that will enhance the industry’s image, give back to the community, improve society as well as promote diversity and the next generation of advisors. Initiatives can include areas such as diversity programs, charitable endeavors, women’s initiatives, training programs, etc. Criteria include both quantitative measures, such as specific feature set, usage, potential, scope, scale, etc. along with qualitative measures such as innovation, creativity, new methodologies, etc.