FMP Wealth Advisers (“Company”) is a registered investment adviser located in Austin, Texas. Company’s web site is limited to the dissemination of general information pertaining to its advisor services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Company’s web site on the Internet should not be construed by any consumer and/or prospective client as Company’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Company with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Company does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party whether linked to Company web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Moreover, no client or prospective client should assume that any such information serves as the receipt of, or a substitute for, personalized advice from Company, or from any other investment professional. Company is neither an attorney nor an accountant, and no portion of the web site content produce by FMP Wealth Advisers should be interpreted as legal, accounting or tax advice.
Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Company), will be profitable or equal any historical performance level(s).
Each client and prospective client agrees, as a condition precedent to his/her/it’s access to Company’s web site, to release and hold harmless Company, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/it’s receipt of personalized advice from Company.
Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by client or prospective client as a guarantee that he or she will experience a certain level of results of FMP is engaged or continues to be engaged to provide investment advisory Services, nor should it be construed as a current or past endorsement of FMP by any of its clients. Rankings published by magazines and others generally base their selections exclusively on information prepared and/or submitted by the recognized advisor.
Medical Economics used the following criteria to help doctors make the best possible decision in choosing a financial advisor. Qualifications such as professional designations, good standing with regulatory authorities, fee arrangements with clients and minimum portfolio. The advisor does not pay a fee to be on the list. However, the advisor pays a fee for a listing in the publication and any reprints of the article ordered.
Financial Times Top Financial Advisers is based on data gathered from RIA firms, regulatory disclosures, and independent research. It reflects each firm’s performance in six areas, including assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. In 2017 for example FT invited qualifying RIA companies – more than 2000 – to complete a lengthy application. Some 725 RIA companies applies and 300 made the final list. No fee is paid for inclusion in this list.
To receive the Five Star Wealth Manager award, a wealth manager must satisfy 10 objective eligibility and valuation criteria. Those criteria include being credentialed as a registered investment advisor, actively employed in the financial services industry for a minimum of five years, favorable regulatory and complaint history review, fulfill their firm review based on internal firm standards, accepting new clients, one-year client retention rate, five-year client retention rate, assets administered, number of client households serves, education and professional designation. 1,102 award candidate in the Austin, San Antonio and Central Texas region were considered for the Five Star Wealth Manager award. 161 (approximately 15 percent of the award candidates) were named 2018 Five Star Wealth Managers. Five Star wealth manager award winners do not pay a fee to be in the research or on the final list of award winners. An advisor can pay for a digital profile. Securing this profile provides the advisor permission to display the award on various media.
AdvisoryHQ uses a multi-step selection methodology for identifying, researching, and generating its list of top ranked firms. AdvisoryHQ’s review and ranking articles are always 100% independently researched and objectively written.
Firms do not pay for their ranking. In fact, most firms do not even realize that they are being reviewed and ranked by AdvisoryHQ until after their reviews have been completed and published to the public. Below is a step-by-step overview of AdvisoryHQ’s methodology process.
Step 1: Using publicly available sources, AdvisoryHQ identifies a wide range of firms that are providing services in a designated area (city, state, or local geographic location).
Step 2: AdvisoryHQ’s review team then applies initial methodology filters to narrow down the list of identified firms/products. These filters include company strengths, trustworthiness, transparency, professional reputation, managed asset, ROI/ROA effectiveness, fees structure, what customers/clients are saying about the organization, and many more.
Step 3: After trimming down the initial list, AdvisoryHQ then conducts a deep-dive assessment of the remaining firms.
The award criteria takes into account a range of factors, including experience level, level of customization, site quality, resources, features, range of provided services, innovation, value-added, and many more factors, to build up a broad picture of what each firm or product has to offer, before the final selection process occurs.
Step 4: Based on the results of the performed assessment, AdvisoryHQ’s research and selection team then finalizes the list of entities that make it into its top rated publications, which are then published to the general public.
Every effort was made by FMP Wealth Advisors (“FMPWA”) to determine the number of advisers in Austin, TX reviewed by AdvisoryHQ during the development of this article as well as what percentage of those advisors received the same ranking score as FMPWA. This information was not provided to FMPWA by AdvisoryHQ prior to the posting/publication of this article. FMPWA believes this information is important in properly evaluating a ranking to ensure it is not false and/or misleading. Readers of this article should consider contacting AdvisoryHQ directly in an effort to obtain this information.
TEAM OF PROFESSIONALS
Certified Financial Planner® (CFP®)
The program is administered by the Certified Financial Planner Board of Standards Inc. Those with the CFP® designation have demonstrate competency in all areas of finance related to financial planning. Candidates complete studies on over 100 topics, including stocks, bonds, taxes, insurance, retirement planning and estate planning. In addition to passing the CFP certification exam, candidate must also complete qualifying work experience and agree to adhere to the CFP Board’s code of ethics and professional responsibility and financial planning standards.
Chartered Financial Analyst (CFA®)
This designation is offered by the CFA Institute (formerly the Association for Investment Management and Research [AIMR]). To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least three (3) years of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management and security analysis.
Chartered Retirement Planning Counselor (CRPC®)
This designation is offered by the College for Financial Planning. Individuals may earn the CRPC designation by completing a study program and passing a final multiple-choice examination. The study program to become a CPC includes the entire retirement planning process, meeting multiple financial objectives, sources of retirement income, personal saving, employer-sponsored retirement plans, income taxes, retirement cash flow, asset management, estate planning and more. Every two years, CRPC professionals must complete 16 hours of continuing education and pay a small fee to continue using the designation.