Associations
**To qualify for the annual WealthManagement.com 2019 Thrive Awards list, applicants had to be based in the U.S., offer financial services to individual clients, and have a minimum revenue of $100,000. Applications were accepted from individuals, teams, and companies of all types and sizes—including solo advisors, ensembles, practices, family offices, registered investment advisor and Independent broker-dealer reps. Craig Jolfs paid a $90 application fee to participate. Waddell & Reed is not affiliated with WealthManagement.com and the award is not representative of any client experience and is not a guarantee of the advisor’s future revenue performance.
***The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, gained through telephone, virtual and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings. For 2020 there were 32,000 nominations received, based on high thresholds and qualifications, 7,556 invited to complete an online survey, 11,864 telephone interviews, 2,336 in-person interviews. For 2021 there were 32,725 nominations received, based on high thresholds and qualifications, 15,854 invited to complete an online survey, 13,114 telephone interviews, 2,085 in-person interviews and 619 web-based interviews. Neither Forbes nor SHOOK receive a fee in exchange for rankings.
For more complete information visit https://www.forbes.com/sites/rjshook/2020/01/16/forbes-best-in-state-wealth-advisors-methodology-2020 and https://www.forbes.com/sites/rjshook/2021/02/11/forbes-best-in-state-wealth-advisors-methodology-2021/?sh=519d72a86d22
Finalists in DBJ's Fast 50 were nominated and had to submit three full years of revenue for audit while meeting the following criteria:
The company must be privately held, locally owned and for-profit.
It must be headquartered in the seven-county Denver-metro region (Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas or Jefferson counties).
It must have a three-year sales history (fiscal years 2019, 2020 and 2021) with revenue gains from 2019 to 2021.
It must have an average of at least $1 million in sales for the three most recent years, with no year less than $200,000.
Financial data was audited by DBJ's Fast 50 accounting partner and presenting sponsor, RSM, and qualifying companies were ranked by percentage growth within size categories determined to ensure maximum competition:
Extra-small: Companies with $1 million to $5.9 million in annual revenue
Small: Companies with $6 million to $13.9 million in annual revenue
Medium: Companies with $14 million to $30.9 million in annual revenue
Large: Companies with $31 million to $89 million in annual revenue
Extra-large: Companies with more than $90 million in annual revenue
*Colorado-based investment managers ranked by total assets managed. Information on The List was supplied by individual companies through questionnaires and could not be independently verified by Denver Business Journal. Only companies that replied to our inquiries were included on the list.
