John Dovich, Tom Lalley and Bill Bruns of MAI named Five Star Wealth Managers for 2021
October 27, 2021 - MAI is pleased to announce Regional President John Dovich and Senior Wealth Advisors Tom Lalley and Bill Bruns were named to Cincinnati's Five Star Wealth Managers list for 2021. This is Tom and John’s tenth consecutive nomination and Bill’s ninth.
The Five Star Wealth Manager award administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. The criteria includes: Assets under management, client retention rates, a five year minimum as a registered investment advisor or as a principal of a registered investment advisor, a firm review based on internal standards, and more. Organizers considered 1,357 Cincinnati-area wealth managers for the award and 216 (16% of candidates) were named 2021 Five Star Wealth Managers.
Our team remains committed to providing quality service to our clients and it is especially exciting when individual team member contributions and efforts are recognized in this way. We are focused on our mission to deliver quality service and advice to help clients navigate their financial lives.
To view this year’s list, please visit: https://www.fivestarprofessional.com/awardwinners/CINWM
Five Star winners do not pay to win or to be considered for the award. Professionals showing up in Featured Results, however, may have paid a fee to appear there.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 1,357 Cincinnati-area wealth managers were considered for the award; 216 (16% of candidates) were named 2021 Five Star Wealth Managers. 2020: 1,406 considered, 216 winners; 2019: 1,371 considered, 238 winners; 2018: 1,413 considered, 239 winners; 2017: 985 considered, 288 winners; 2016: 918 considered, 368 winners; 2015: 1,667 considered, 427 winners; 2014: 2,082 considered, 483 winners; 2013: 1,367 considered, 509 winners; 2012: 1,265 considered, 477 winners.
In the case above, MAI responded to a survey from the sponsoring organization. In no case does MAI pay a fee to be considered for an award or to participate in rankings. Further, MAI is not required to be a subscriber to any other group to be included in their rankings or awards.
Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance results. These rankings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.
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