These Are the No. 1 Advisors in Each State: Forbes
February 17, 2018 by Emily Zulz
Forbes has released its ranking of Best-In-State Wealth Advisors.
This year’s Best-In-State Wealth Advisors list spotlights over 2,000 top-performing advisors across the country who were nominated by their firms — and then researched, interviewed and assigned a ranking within their respective states.
The advisors that are considered have a minimum of seven years of experience.
Click HERE to read the original story via ThinkAdvisor.
The ranking, which is developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. According to Forbes, the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients.
Here are the No. 1-ranked advisors for each state, according to Forbes’ Best-In-State Wealth Advisors. Check out the full lists for each state at Forbes.
Alabama
Tony Smith
Company: UBS Financial Services
City: Birmingham
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $2.3 billion
Typical Size Of Household Accounts: $2-20 million
Alaska
Tom Konop
Company: Morgan Stanley Wealth Management
City: Anchorage
Minimum Account Size For New Business: $100,000
Team Assets (Custodied): $224 million
Typical Size Of Household Accounts: $500,000-5 million
Arizona
Allan Flader
Company: RBC Wealth Management
City: Phoenix
Minimum Account Size For New Business: $1 million
Team Assets (Custodied): $566 million
Typical Size Of Household Accounts: $1-10 million
Arkansas
Hardy Winburn
Company: UBS Financial Services
City: Little Rock
Minimum Account Size For New Business: $1 million
Team Assets (Custodied): $452 million
Typical Size Of Household Accounts: $2.5 million
California (North)
Andy Chase
Company: Morgan Stanley Private Wealth Management
City: Menlo Park
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $10.1B
Typical Size Of Household Accounts: $25 million
California (South)
David Hou
Company: First Republic Investment Management
City: Los Angeles
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $12.4B
Typical Size Of Household Accounts: $100 million
Colorado
Shawn Fowler
Company: Morgan Stanley Private Wealth Management
City: Denver
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $1.9B
Typical Size Of Household Accounts: $33 million
Connecticut
Jeff Erdmann
Company: Merrill Lynch – Private Banking & Investment Group
City: Greenwich
Minimum Account Size For New Business: $2.5 million
Team Assets (Custodied): $6.2B
Typical Size Of Household Accounts: $36.7 million
Delaware
Thomas Weisenfels
Company: Merrill Lynch Wealth Management
City: Wilmington
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $371 million
Typical Size Of Household Accounts: $1.5 million
District of Columbia
Marvin McIntyre
Company: Morgan Stanley Private Wealth Management
City: Washington
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $2.7B
Typical Size Of Household Accounts: $2-100 million
Florida (North)
Michael Valdes
Company: Merrill Lynch – Private Banking & Investment Group
City: Tampa
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $2.8B
Typical Size Of Household Accounts: $20 million
Florida (South)
Patrick Dwyer
Company: Merrill Lynch – Private Banking & Investment Group
City: Miami
Minimum Account Size For New Business: $10 million
Team Assets (Custodied): $3.1B
Typical Size Of Household Accounts: $20 million
Georgia
Rod Westmoreland
Company: Merrill Lynch – Private Banking & Investment Group
City: Atlanta
Minimum Account Size For New Business: $10 million
Team Assets (Custodied): $4.5B
Typical Size Of Household Accounts: $10-75 million
Hawaii
Peter Backus
Company: Graystone Consulting
City: Honolulu
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $729 million
Typical Size Of Household Accounts: $1-10 million
Idaho
Brian King
Company: RBC Wealth Management
City: Eagle
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $750 million
Typical Size Of Household Accounts: $2-40 million
Illinois
Steve Hefter
Company: Wells Fargo Advisors
City: Highland Park
Minimum Account Size For New Business: $3 million
Team Assets (Custodied): $2B
Typical Size Of Household Accounts: $5-50 million
Indiana
Eric Payne
Company: Merrill Lynch Wealth Management
City: Indianapolis
Minimum Account Size For New Business: $0
Team Assets (Custodied): $1.5B
Typical Size Of Household Accounts: $1-8 million
Iowa
Bryan Boesen
Company: Morgan Stanley Wealth Management
City: Des Moines
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $439 million
Typical Size Of Household Accounts: $1-25 million
Kansas
Rick Homuth
Company: Merrill Lynch Wealth Management
City: Leawood
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $904 million
Typical Size Of Household Accounts: $2-20 million
Kentucky
Thomas Perrone
Company: Morgan Stanley Wealth Management
City: Louisville
Minimum Account Size For New Business: $250,000
Team Assets (Custodied): $673 million
Typical Size Of Household Accounts: $1.3 million
Louisiana
James Spiro
Company: Morgan Stanley Wealth Management
City: New Orleans
Minimum Account Size For New Business: $100,000
Team Assets (Custodied): $1.7 billion
Typical Size Of Household Accounts: $1 million
Maine
Gibson Wilkes
Company: HighTower Advisors
City: Portland
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $457 million
Typical Size Of Household Accounts: $500,000-2 million
Maryland
Martin Eby
Company: WMS Partners
City: Towson
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $2.7 billion
Typical Size Of Household Accounts: $15-80 million
Massachusetts
James Atwood
Company: Merrill Lynch – Private Banking & Investment Group
City: Boston
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $4 billion
Typical Size Of Household Accounts: $20-50 million
Michigan
Charles Zhang
Company: Zhang Financial
City: Portage
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $2.6 billion
Typical Size Of Household Accounts: $1-5 million
Minnesota
Christina Boyd
Company: Merrill Lynch Wealth Management
City: Wayzata
Minimum Account Size For New Business: $3 million
Team Assets (Custodied): $1.2 billion
Typical Size Of Household Accounts: $3-30 million
Mississippi
Mike Dowell
Company: Morgan Stanley Wealth Management
City: Jackson
Minimum Account Size For New Business: $100,000
Team Assets (Custodied): $1.1 billion
Typical Size Of Household Accounts: $4 million
Missouri
Bud King
Company: UBS Financial Services
City: St. Louis
Minimum Account Size For New Business: $0
Team Assets (Custodied): $990 million
Typical Size Of Household Accounts: $2-100 million
Montana
James Stack
Company: Stack Financial Management
City: Whitefish
Minimum Account Size For New Business: $750,000
Team Assets (Custodied): $1.2 billion
Typical Size Of Household Accounts: $250,000-20 million
Nebraska
Ron Carson
Company: Carson Wealth Management Group
City: Omaha
Minimum Account Size For New Business: $0
Team Assets (Custodied): $8.5 billion
Typical Size Of Household Accounts: $500,000
Nevada
Randy Garcia
Company: The Investment Counsel Company
City: Las Vegas
Minimum Account Size For New Business: $1 million
Team Assets (Custodied): $944 million
Typical Size Of Household Accounts: $3.5 million
New Hampshire
Sean Doyle
Company: Merrill Lynch Wealth Management
City: Manchester
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $384 million
Typical Size Of Household Accounts: $1.6 million
New Jersey
Frank Seminara
Company: Morgan Stanley Private Wealth Management
City: Florham Park
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $965 million
Typical Size Of Household Accounts: $5-25 million
New Mexico
Nathan Armstrong
Company: Merrill Lynch Wealth Management
City: Albuquerque
Minimum Account Size For New Business: $10 million
Team Assets (Custodied): $421 million
Typical Size Of Household Accounts: $20-30 million
New York City
Christopher Errico
Company: UBS Financial Services
City: New York
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $2 billion
Typical Size Of Household Accounts: $5 million-1 billion
New York State
Rob Clarfeld
Company: Clarfeld Financial Advisors
City: Tarrytown
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $6.1 billion
Typical Size Of Household Accounts: $20 million
North Carolina
Larry Carroll
Company: Carroll Financial Associates
City: Charlotte
Minimum Account Size For New Business: $0
Team Assets (Custodied): $692 million
Typical Size Of Household Accounts: $500,000-2 million
North Dakota
Loren Melvie
Company: Ameriprise Financial
City: Bismarck
Minimum Account Size For New Business: $300,000
Team Assets (Custodied): $1.4 billion
Typical Size Of Household Accounts: $300,000-1 million
Ohio
David Singer
Company: Merrill Lynch – Private Banking & Investment Group
City: Cincinnati
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $2.5 billion
Typical Size Of Household Accounts: $10-30 million
Oklahoma
Matt Monger
Company: Merrill Lynch Wealth Management
City: Tulsa
Minimum Account Size For New Business: $250,000
Team Assets (Custodied): $751 million
Typical Size Of Household Accounts: $1-15 million
Oregon
Judith McGee
Company: McGee Wealth Management, Inc./Raymond James
City: Portland
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $514 million
Typical Size Of Household Accounts: $1 million
Pennsylvania
Saly Glassman
Company: Merrill Lynch Wealth Management
City: Blue Bell
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $4.8 billion
Typical Size Of Household Accounts: $5 million
Rhode Island
Malcolm Makin
Company: Professional Planning Group/Raymond James
City: Westerly
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $962 million
Typical Size Of Household Accounts: $1.5-10 million
South Carolina
Hagood Ellison Jr.
Company: Merrill Lynch Wealth Management
City: Columbia
Minimum Account Size For New Business: $2 million
Team Assets (Custodied): $2.7 billion
Typical Size Of Household Accounts: $5 million
South Dakota
David Olson
Company: Merrill Lynch Wealth Management
City: Sioux Falls
Minimum Account Size For New Business: $1 million
Team Assets (Custodied): $541 million
Typical Size Of Household Accounts: $1-10 million
Tennessee
Timothy Pagliara
Company: CapWealth Advisors
City: Franklin
Minimum Account Size For New Business: $750,000
Team Assets (Custodied): $836 million
Typical Size Of Household Accounts: $1-30 million
Texas
Nestor Vicknair
Company: Merrill Lynch Wealth Management
City: Houston
Minimum Account Size For New Business: $3.5 million
Team Assets (Custodied): $4.9 billion
Typical Size Of Household Accounts: $3.5-15 million
Utah
Dane Runia
Company: Merrill Lynch – Private Banking & Investment Group
City: Provo
Minimum Account Size For New Business: $10 million
Team Assets (Custodied): $2.9 billion
Typical Size Of Household Accounts: $10-62 million
Vermont
Tim Stotz
Company: Morgan Stanley Wealth Management
City: Colchester
Minimum Account Size For New Business: $1 million
Team Assets (Custodied): $669 million
Typical Size Of Household Accounts: $1-30 million
Virginia
Ric Edelman
Company: Edelman Financial Services
City: Fairfax
Minimum Account Size For New Business: $5,000
Team Assets (Custodied): $19.5 billion
Typical Size Of Household Accounts: $577,000
Washington
Terry Cook
Company: UBS Financial Services
City: Bellevue
Minimum Account Size For New Business: $10 million
Team Assets (Custodied): $977 million
Typical Size Of Household Accounts: $10-60 million
West Virginia
Chris Hall
Company: Wells Fargo Advisors
City: Parkersburg
Minimum Account Size For New Business: $25,000
Team Assets (Custodied): $472 million
Typical Size Of Household Accounts: $500,000-5 million
Wisconsin
Andy Burish
Company: UBS Financial Services
City: Madison
Minimum Account Size For New Business: $500,000
Team Assets (Custodied): $4 billion
Typical Size Of Household Accounts: $1-10 million
Wyoming
Lester Brunker
Company: UBS Financial Services
City: Teton Village
Minimum Account Size For New Business: $5 million
Team Assets (Custodied): $315 million
Typical Size Of Household Accounts: $5-50 million
