Three area financial professionals are on Forbes’ roster of America’s Top Millennial Advisors.
The magazine said the presentation features its first list of “500 resilient millennials.”
“Why resilient? Most of the names on this list entered the workforce amid the Great Recession. They started their careers at the peak of the financial crisis — in finance no less—when markets were crumbling, financial firms struggled to stay alive and the economy was on the brink of collapse. Today they represent the top-performing young advisors at their firms, and the future of the industry,” wrote Halah Touryalai of the Forbes staff.
Named to the list were:
• Ryan Flurie of Wells Fargo Advisors in Hagerstown.
• Derek McGee of Morgan Stanley Wealth Management in Frederick.
• K. Richard Holzapfel of Wells Fargo Advisors in Hagerstown.
In an email message, Flurie said the recognition was “rewarding.”
“It feels really rewarding when you work so hard in your craft and the work you do gets recognized nationally in the most respected financial publication in the country, but also very humbling at the same time as I have always been a competitive person and it’s a long way to the top,” he wrote.
“However the more success I achieve in my profession means that I am doing my job correctly, which is helping my clients, and that’s the most satisfying feeling.”
Holzapfel expressed similar sentiments.
“I’m honored to be recognized by Forbes as one of America’s Next Generation Wealth Advisors,” he said. “I feel privileged to work with the professionals in the Holzapfel Investment Group of Wells Fargo Advisors. Without their support, the advice and service I
provide my clients would not be possible.”
Wells Faro Advisors is a trade name used by Wells Fargo Clearing Services LLC, member SIPC.
The ranking was developed by SHOOK Research Inc. “Millennials” were defined as those born in 1980 or later.
R.J. Shook wrote that the ranking is based on an algorithm of qualitative and quantitative data, rating thousands of individuals with a minimum of four years relevant experience and acceptable compliance records. Investment performance is not a criterion.
SHOOK Research does not receive compensation from the advisers or their firms in exchange for placement on a ranking.
“Most important is our qualitative due diligence, which examines best practices — client service models, investing process, business types, leveraging a team and firm resources, etc. — learned through telephone and in-person interviews. Also built into the model: experience levels, credentials and more. Overall, we’re looking at quality of the practitioner and practice,” he wrote.
“Quantitatively, we weigh factors like revenue produced, assets under management, compliance records and industry experience.”