SOURCE: BrightScope

BrightScope

May 16, 2012 12:00 ET

BrightScope Releases List of Top 15 Las Vegas Area-Based RIA Firms

Summit Portfolio Management Inc. and Investment Management Consultants Come in at No. 1. and No. 2 With Nearly $110M Each in Total Assets Under Management

SAN DIEGO, CA--(Marketwire - May 16, 2012) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the Top 15 Registered Investment Advisor (RIA) firms in the Las Vegas area, focused on individual money management, with the greatest amount of assets under management. This list is part of the series that BrightScope regularly issues to highlight data contained within its Advisor Pages™, a breakthrough way for people to discover, research, and select a financial advisor.

"With BrightScope Advisor Pages we have accelerated the growth of the financial services industry and increased its legitimacy immensely," said Mike Alfred, CEO and co-founder of BrightScope. "Combining the popularity of social media and the vast amounts of government data we have collected over the years, investors can now find the information they need to choose the best financial advisor."

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's 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 15 Las Vegas area-based advisors by total assets under management:

Company - Total assets under management

1. Summit Portfolio Management Inc. - $108.9M

2. Investment Management Consultants - $107.1M

3. Strategic Portfolio Advisors - $79.6M

4. Capstone Capital Group - $59.4M

5. Red Rock Wealth Management LLC - $45.0M

6. Applied Investment Technology, Inc. - $23.0M

7. Elysien Private Wealth - $18.5M

8. Meritage Financial Group - $15.5M

9. Lantz Wealth Partners, Ltd. - $15.0M

10. Mandel Investment Management, Inc. - $13.6M

11. Wittman Capital Group - $12.6M

12. Financial Solutions Inc. - $12.0M

13. Holm & Cawley Financial Group LLC - $10.8M

14. Key Management Group, Inc. - $10.7M

15. Wilcox Advisors, Inc. - $9.3M

BrightScope obtains its data directly from publicly available sources, including required regulatory filings from the Securities and 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 700,000 financial advisors and 45,000 advisory firms are available for free at www.brightscope.com.

Contact Information

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