MAI is thrilled to announce that three key team members at the firm have been recognized on Cincinnati’s Five Star Wealth Managers list for 2022. Regional President John Dovich and Senior Wealth Advisors Tom Lalley and Bill Bruns continue to do outstanding work for their clients and the firm, and we are proud of their accomplishments and recognition on this list.
All three wealth managers have previously placed on the Five Star Wealth Managers list; this will be John and Tom’s eleventh and Bill’s tenth consecutive placement.
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 1,375 Cincinnati-area wealth managers for the award and 230 (17% of candidates) were named 2022 Five Star Wealth Managers.
Our team is committed to providing quality service to clients and having an impact on their lives. We are beyond excited that three of our individual team members have been recognized for their efforts in these areas and commend them for their stellar contributions to our firm. MAI remains focused on our clients and the advice and guidance we offer them, and look forward to future recognitions that our advisors achieve.
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.
This award was issued on 9/1/22 by Five Star Professional (FSP) for the time period 01/3/2022 through 07/1/2022. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 1357 Cincinnati-area wealth managers were considered for the award; 230 (17% of candidates) were named 2022 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2021: 1357, 216, 16%, 9/1/21, 12/14/20 – 7/9/21; 2020: 1406, 216, 15%, 9/1/20, 12/2/19 – 6/12/20; 2019: 1371, 238, 17%, 9/1/19, 11/19/18 – 6/28/19; 2018: 1413, 239, 17%, 9/1/18, 12/20/17 – 7/19/18; 2017: 985, 288, 29%, 9/1/17, 12/21/16 – 6/29/17; 2016: 918, 368, 40%, 8/1/16, 2/10/16 – 7/25/16; 2015: 1667, 427, 26%, 9/1/15, 2/10/15 – 7/25/15; 2014: 2082, 483, 23%, 9/1/14, 2/10/14 – 7/25/14; 2013: 1367, 509, 37%, 9/1/13, 2/10/13 – 7/25/13; 2012: 1265, 477, 38%, 9/1/12, 2/10/12 – 7/25/12.Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA 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 FSP, 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 FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’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. FSP does not evaluate quality of services provided to clients. The 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 clients’ 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 FSP 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 FSP in the future. Visit www.fivestarprofessional.com.
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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