We are very proud to announce that Michael Joyce has been included in Barron’s list of 2024 Top 1,200 U.S. Financial Advisors for the tenth consecutive year. This is a prestigious distinction and Michael is honored to be included.
The following is an excerpt from the Barron’s announcement:
“The rankings are based on data provided by around 6,000 of the nation’s most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Investment performance isn’t an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities.”
Barron’s Ranking Methodology
Below is more information from Barron’s about its ranking methodology:
“The goal is to shine a spotlight on the nation’s best financial advisors, with an eye toward raising standards in the industry. The rankings serve two distinct types of Barron’s readers. For wealth management professionals, they serve as an industry scorecard. For investors, the rankings are a tool that can help in the process of finding financial guidance.
Advisors who wish to be ranked fill out a 102-question survey about their practice. We verify that data with the advisors’ firms and with regulatory databases and then we apply our rankings formula to the data to generate a ranking. The formula features three major categories of calculations: (1) Assets (2) Revenue (3) Quality of practice. In each of those categories we do multiple subcalculations.
For instance, we take into account not just the amount of assets an advisor manages, but also the type of assets—are they private-wealth assets or institutional? If they’re institutional, are they for a foundation or an endowment, or are they corporate assets? We measure the growth of advisors’ practices and their client retention. We also consider a wide range of qualitative factors, including the advisors’ experience, their advanced degrees and industry designations, the size, shape, and diversity of their teams, their charitable and philanthropic work and, of course, their compliance records.”
On March 12, 2024, Barron’s released its list of 2024 Top 1,200 U.S. Financial Advisors. The ranking is based on information from September 30, 2022, through September 30, 2023. Agili did not pay to participate in this ranking. Agili’s inclusion in this list is no indication of future investment performance.