CLA Wealth Advisors (CliftonLarsonAllen Wealth Advisors, LLC), an SEC-registered investment advisor, announced today that it continues its winning ways. For the third consecutive year, CLA Wealth Advisors appears on the Financial Times 300 Top Registered Investment Advisors (RIA) list. It was also named one of the 2020 Top Firms by Assets Under Management (AUM) by Accounting Today.
“CLA Wealth Advisors is honored to be recognized again this year,” said Clayton Bland, chief wealth advisory officer. “We work hard to improve and offer clients best-in-class services and this recognition shows we are on the right track.”
CLA Wealth Advisors works with thousands of privately held business owners, senior corporate executives, professionals, families, and institutions. Multidisciplinary teams with vast financial planning, investment, tax, and risk management experience offer planning and guidance to help clients reach their professional and personal goals.
At the time of the Accounting Today survey, CLA Wealth Advisors had $7.56 billion in AUM, placing it fourth on the prestigious list of “wealth magnets.” The Accounting Today annual report, now in its 14th year, ranks the top CPA financial advisors by AUM. It also shares some of the firms’ major challenges and achievements from the past year. Digital communication was a clear theme, with many firms embracing virtual meetings, video conferencing, and other forms of remote contact to serve their clients during the pandemic.
“Like many firms on this list, we’re finding innovative ways to support our clients,” said Bland. “Our success is a team effort to add value for our clients, no matter the economic environment.”
The Financial Times (FT) is one of the world’s leading business publications. The FT 300 list, now in its seventh year of publication, recognizes the top independent RIA firms from across the United States. FT produces the list independently in collaboration with Ignites Research, a subsidiary of FT that provides business intelligence on the asset management industry.
While RIA firms must apply for consideration, they must also meet certain minimum criteria. This year’s applicants were evaluated on six key factors:
- Assets under management (AUM)
- Long-term (three-year) AUM growth
- Years in existence
- Advanced industry credentials of the firm’s advisors
- Online accessibility
- Compliance records
According to FT, the list identifies the industry’s elite advisors, accounting for different approaches and specializations. The final list includes advisors from 39 states, and Washington, D.C. The median AUM for the FT 300 advisors rose from $1.2 billion to $1.9 billion in the past year.
For more information about CLA Wealth Advisors, visit claconnect.com/services/wealth-advisory.
Accounting Today’s “The Top 150 Firms by AUM” 2020 ranking was assembled using data from Audit Analytics. Submissions were received from over 150 firms. In most cases, firm names are those of the financial planning/advisory subsidiary, not the CPA firm. Firms were ranked by their total assets under management (“AUM”). The AUM figures were for a variety of dates, but none earlier than year-end 2019. CliftonLarsonAllen Wealth Advisors did not pay a fee to participate in this ranking.
Financial Times “Top 300 RIA Firms” 2020 ranking was assembled using data from Ignites Distribution Research, its affiliate. Of the more than 2000 Registered Investment Advisory (RIA) firms that met a minimum set of eligibility criteria for the list, 760 RIA firms applied for consideration and 300 made the final list. Applicants were graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.
These publications and their research firms independently set their ranking criteria and CLA Wealth Advisors has no influence on the criteria. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of a firm’s future performance nor do they evaluate the quality of services provided to clients or guarantee that he/she will experience a certain level of results if CLA Wealth Advisors is engaged, or continues to be engaged, to provide investment advisory services, nor should they be construed as a current or past endorsement of CLA Wealth Advisors by any of its clients.
CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. With more than 8,500 people, nearly 130 U.S. locations, and a global vision, we promise to know you and help you. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.