Raffa Ranked 19th in the Nation; 1st Among DC-Based Firms
Washington, D.C. – Raffa Wealth Management has been named to CNBC’s 2015 list of Top 100 Fee-Only Wealth Management Firms.
After eight years in business and with more than $560 million in assets under management, Raffa Wealth Management ranked 19th in the nation on CNBC’s scale. Among firms who made CNBC’s list from the Washington, D.C. region, Raffa was at the top.
“We strive to deliver transparent, trustworthy, valuable investment advice to our nonprofit, business and individual clients and we think this recognition by CNBC speaks to our success in reaching that goal,” said Dennis Gogarty, President at Raffa Wealth Management.
The CNBC Digital editorial team, along with Meridian-IQ, created the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at a final total rank:
- Assets under management (AUM)
- Having staff with professional designations
- Working with third-party professionals
- Average account size
- Growth of assets
- Years in business
- Number of advisory clients
- Providing advice on insurance solutions
Firms with greater AUM totals were given a higher ranking in the case of numerical ties of the above formula. The Meridian/ Advice IQ team then applied the formula to the Meridian-IQ database of all registered investment advisers (RIAs) to create the list. The final step to create the Top 100 Fee-Only Wealth Management Firms list for CNBC.com was to apply the AdviceIQ Regulatory Compliance Review (RCR) process to the master list and eliminate any firm that failed the RCR process. Learn more about the methodology from CNBC.com.
About Raffa Wealth Management
Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services. We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets. Visit us at www.raffawealth.com
While CNBC has categorized Raffa Wealth Management as a “Fee-Only” Wealth Management firm, CNBC’s use of the term “Fee-Only” does not match the CFP Board’s definition of the term. Raffa Wealth Management’s owners and affiliates include CFP® professionals that are licensed insurance agents receiving insurance commissions and are not deemed “Fee Only” by the CFP Board. To learn more, download RWM’s disclosure brochure
Founded in 1984, Raffa is an accounting, consulting and technology firm based in Washington, D.C. dedicated to service and community. As a B-Corp certified, national Top 100, “Best of the Best” CPA advisory firm specializing in nonprofits and socially-responsible businesses, Raffa performs high-quality audits annually and provides support to help organizations across the country effectively and efficiently manage their most critical processes. The firm’s highly specialized professionals provide planning, consulting and compliance services to entrepreneurs, families, nonprofits and social enterprises. Offering a deep bench of expertise across an array of services, including accounting and tax, human resources, technology and consulting, Raffa’s client-centric, customized approach helps each client meet its potential and ensures each client’s success is sustained and maintained. Learn more at www.raffa.com