Managing Director at Speck-Caudron Investment Group of Wells Fargo Advisors, David Speck, was recognized in the 2015 edition of the Financial Times 400 Top Advisers in the US.
The prestigious list includes advisors from 43 states and scores candidates based on brokerage data, survey responses from the advisor candidates and the research of Ignites Distribution Research, an FT sister company. Attributes include assets under management (AUM), AUM growth rate, years of experience, financial certifications and the firm’s online information accessibility.
A minimum of $200 million in assets under management was required for candidates with the median FT 400 advisor managing more than $850 million.
The reporting that accompanied the FT’s March 25th Special Report announcing the list notes that assets under management have grown by 30% according to surveyed firms and the popularity of “do-it-yourself investing” from the late 90s has shrunk. More investors of varying ages and affluence levels are seeking professional advice.
The article further states, “As the investing landscape becomes more complex, wealthy investors demand even more from a financial adviser. Elite advisers must be part psychologist, part economist, part coach, and part financialese-to-English translator.”
David is among only twelve advisors on the list from Virginia, of which nine work in the DC metro area. The list of 400 is not ranked.