Evaluation Criteria - Wealth Management - Financial Planning
Best of Luxury evaluates and ranks the best wealth management firms which help high net-worth individuals plan for the distribution of their estate amongst beneficiaries. Each of the wealth management firms in the rankings have undergone a meticulous evaluation of their professional services carried out by the independent research team overseen by professionals and experts which maintain years of experience in the wealth management industry. The rankings represent the best based on the results of the evaluations to help those looking for financial planning services catering to high net-worth individuals.
Top 5 Criteria
Maximum Score
Our methodology for research and evaluating wealth management services featured on our website is a meticulous process in which our research team evaluates various critical and vital aspects of the luxury market. Our network of professionals and enthusiasts of wealth management services provides us with a wealth of information, personal experiences, and resources for identifying each of the best financial planning services. Our comprehensive evaluations of financial planning consultation services are based on experience, historical performance, management, growth, and communication.
Experience focuses on the quality and quantity of years of experience professionals of each firm generally maintain while providing financial planning consultation services. Professionals are queried based on the types of accounts which they generally handle currently compared to their history of experience.
Historical performance focuses on the performance of the firm as a whole in the past in order to compare them to other financial planning firms. Their history of successful services and overall value provided to their customers are compared.
Management is based on the overall efficiency and ability for each financial planning service to manage the finances of their clients to help them meet their individual goals.
Growth is based on how the wealth management firm has grown in the past, how their financial planning services have played a part in the growth, and the future outlook for growth.
Communication is based on the efficiency and overall ability for the wealth management firm to effectively communicate with their clientele on a timely basis.
Our process for evaluating and ranking wealth management services is meticulous in examining the most vital aspects of the financial planning services. Our evaluation covers financial planning consultation services. We continue to monitor the market for changes in styles, performance, expectations, and new offerings that improve upon the expectations and results of each asset protection service.
