Northwest Asset Management is excited to announce it has been named to the 2021 edition of SmartAsset's Top 50 Fastest-Growing Financial Advisor Firms. This list recognizes independent RIA firms from across the U.S., ranking them by fastest organic growth.
With the quantity of Registered Investment Advisors (RIAs) growing rapidly in the U.S., including the amount of clients served and AUM (Assets Under Management), SmartAsset has put together a study identifying those RIA Firms who are growing quicker than the rest. To conduct this study, financial advisors were compared across four metrics:
One-year percentage change in number of client accounts
Three-year percentage change in number of client accounts
One-year percentage change in AUM
Three-year percentage change in AUM
More than 600 qualified firms were compared for this study with all data coming from the SEC. Qualifications included having more than $500 million in AUM as of December 2017 and not having took part in a merger or acquisition during the study’s time frame. Firms were ranked equally across the study’s four metrics and given an average ranking to compute a final score. The top firm on the list scored 100, and the lowest average ranked firm scored a 0.
Northwest Asset Management placed 23rd on the list and finished with a final score of 91.21! Our total number of clients have nearly doubled since 2017 and AUM has grown over $700 million in that same time frame.
“Please note, this study does not evaluate the quality of services provided to clients and is not indicative of the financial advisor firms’ future business performance. Neither the RIA firms nor their employees paid a fee to SmartAsset in exchange for inclusion in our rankings.” – Stephanie Horan - SmartAsset