To read more about Five Star Professional's methodology for determining winners,
Managing Personal and Corporate Wealth
Dan Becraft, 2013 – 2016 Five Star award winner, leads The University Group at Morgan Stanley as a financial advisor with a vision for growth and performance in the midst of a volatile and uncertain global marketplace.* Dan provides an investment philosophy and premier service that have proved invaluable for clients. The University Group focuses on customizing investment portfolios and retirement plans for high-net-worth individuals and businesses.
Five Star Professional identified pre-qualified award candidates based on industry data and contacted all identified broker dealers, Registered Investment Advisor firms and FINRA-registered representatives in the Seattle area (including Island, King, Kitsap, Pierce, Snohomish and Thurston counties in the state of Washington) to gather wealth manager nominations. Self-nominations were not accepted.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria:
1. Credentialed as a registered investment adviser or a registered investment adviser representative;
2. Active as a credentialed professional in the financial services industry for a minimum of 5 years;
3. Favorable regulatory and complaint history review*;
4. Fulfilled their firm review based on internal standards;
5. Accepting new clients;
6. One-year client retention rate;
7. Five-year client retention rate;
8. Non-institutional discretionary and/or non-discretionary client assets administered;
9. Number of client households served;
10. Education and professional designations.
Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client‘s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or Seattle Magazine. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future.
2649 Seattle wealth managers were considered for the award; 424 (17 percent of candidates) were named 2014 Five Star Wealth Managers.
* As defined by Five Star Professional, the wealth manager has not:
A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine;
B. Had more than a total of three customer complaints filed against them [settled or pending] with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process;
C. Individually contributed to a financial settlement of a customer complaint filed with a regulatory authority;
D. Filed for personal bankruptcy;
E. Been convicted of a felony.
For more information on the Five Star award and the research/selection methodology, go to http://www.fivestarprofessional.com/wm_program.