SOURCE: BrightScope

BrightScope

December 07, 2011 09:00 ET

BrightScope Announces the Top 25 Philadelphia Area-Based Registered Investment Advisor Firms With the Most Assets Under Management

With More Than $5B in Total Assets Under Management Each, Penn Capital Management Company, Inc. and MyCIO Wealth Partners, LLC Top the List

SAN DIEGO, CA--(Marketwire - Dec 7, 2011) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the Top 25 Registered Investment Advisors in the Philadelphia area, focused on individual money management, with the greatest amount of assets under management. BrightScope identifies firms that primarily manage money for individuals based on the client types information firms provide in their ADV filings. This is the seventh list in a series that BrightScope will regularly release to highlight data contained within its Advisor Pages™, a breakthrough way for people to discover, research, and select a financial advisor.

"Our goal in creating BrightScope Advisor Pages is to significantly increase transparency in the broader wealth management industry by displaying publicly available data on financial advisors in a consumer-friendly manner," said Shaloha Aires, GM of Advisor Pages at BrightScope. "With our robust database, it is incredibly easy for investors to research financial advisors online. Advisors increasingly recognize the importance of maintaining an online presence and utilize our platform to build their brand and grow their business."

By aggregating hard-to-discover but publicly available information on advisors, BrightScope has created a free, easy-to-use database that is searchable from multiple dimensions. BrightScope Advisor Pages™ features the data most critical to investors tasked with making an informed decision on which financial professional best meets their needs, including location, qualifications, amount and types of assets under management, area of specialty, legal disputes, formal complaints and more.

Top 25 Philadelphia area-based advisors by total assets under management:

Company - Total assets under management

1. Penn Capital Management Company, Inc. - $5.9B

2. MyCIO Wealth Partners, LLC - $5.3B

3. Wescott Financial Advisory Group, LLC - $1.3B

4. Hillview Capital Advisors, LLC - $1.2B

5. McCabe Capital Managers, Ltd. - $1.0B

6. Radnor Financial Advisors, Inc. - $1.0B

7. Abacus Wealth Partners - $622.6M

8. Trinity Investment Advisors, LLC - $601.4M

9. RTD Financial Advisors, Inc. - $538.1M

10. Conestoga Capital Advisors, LLC - $471.1M

11. Roffman Miller Associates, Inc. - $451.4M

12. Coho Partners, Ltd. - $445.2M

13. West Capital Management, Inc. - $436.5M

14. Stillwater Capital Advisors, LLC - $382.0M

15. Northstar Asset Management, LLC - $368.7M

16. Lehman Financial Resources, Inc. - $337.7M

17. Persimmon Capital Management,LP - $240.9M

18. TGS Financial Advisors - $235.5M

19. Obrien Greene & Co, Inc. - $225.4M

20. Adare Asset Management, LLC - $164.0M

21. Godshalk Eric M & Co. - $160.8M

22. Spartan Capital Management, LLC - $157.1M

23. Kades Financial, Inc. - $145.6M

24. Financial Freedom - $115.2M

25. Benchmark Asset Managers, LLC - $75.2M

BrightScope obtains its data directly from publicly available sources, including required regulatory filings from the Securities Exchange Commission. Financial advisors can augment these primary sources by claiming their BrightScope Advisor Page™. By analyzing and interpreting this data, BrightScope now provides unparalleled insight into the financial management industry.

For more information about BrightScope Advisor Pages™ or to find information on a financial advisor, please visit http://www.brightscope.com/financial-planning/find/advisor/.

About BrightScope
BrightScope is a financial information company that brings transparency to opaque markets through independent research and analysis. Delivered through web-based software, BrightScope data drives better decision-making for individual investors, corporate plan sponsors, asset managers, broker-dealers, and financial advisors. The BrightScope Rating™, developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines plan quality at the company level. In April 2011, the company launched BrightScope Advisor Pages™, the first comprehensive and publicly available directory of financial advisors designed to help consumers discover information and conduct due diligence on wealth management professionals. BrightScope also markets a suite of data analytics software products to Fortune 1000 companies, asset managers, broker-dealers, financial advisors, and other market participants. Public ratings for more than 46,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 450,000 financial advisors are available for free at www.brightscope.com.

Contact Information

  • Katie Carlson
    Atomic PR for BrightScope
    415-593-1400
    Email Contact