LBMC Investment Advisors, a CNBC1 designated top 25 fee-only wealth management firm and member of the LBMC Family of Companies, proudly announces it has crossed the $1,000,000,000 in Assets Under Management threshold.
LBMC Investment Advisors opened its doors eighteen years ago with the value proposition of providing coordinated tax and investment advice. Today, they serve more than 300 clients and continue to grow at a rapid clip working with clients in the areas of investment strategy development, asset allocation planning, integrations of investments with tax planning, and portfolio analysis.
“I am humbled by the confidence our clients, coworkers and referral sources place in us,” said Greg Herman, LBMC Investment Advisors Managing Partner. “ I believe our success can be attributed to putting the client’s interest first, retaining our employee talent, interacting with clients on a fee and not commission basis, avoiding the investment market noise of the day as well as our geography and strong positioning of LBMC as a Firm.”
LBMC Investment Advisors, LLC is a Registered Investment Advisory firm based in Tennessee with $1 Billion of Assets Under Management. LBMC’s mission is to provide financial peace of mind for our clients. For more information, visit www.lbmcinvestmentadvisors.com.
The LBMC Family of Companies has over 500 employees, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, Tenn. Specific services offered by the LBMC “Family of Companies” include: accounting and assurance services, business and personal tax consulting, investment advisory services, professional staffing, human resources outsourcing, transaction advisory services, payroll services, technology solutions, IT security, healthcare consulting, planning services, litigation support, business valuations, and mergers and acquisitions. For more information, visit www.lbmc.com.
1The CNBC Digital editorial team, along with Meridian-IQ, created the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at a final total rank:
- Assets under management
- Having staff with professional designations such as a CFP or CFA
- Working with third-party professionals such as attorneys or CPAs
- Average account size
- Client segmentation
- Growth of assets
- Years in business
- Number of advisory clients
- Providing advice on insurance solutions
Firms with greater AUM totals were given a higher ranking in the case of numerical ties of the above formula. The Meridian/AdviceIQ team then applied the formula to the Meridian-IQ database of all RIAs to create the list. The final step to create the Top 100 Fee-Only Wealth Management Firms list for CNBC.com was to apply the AdviceIQ Regulatory Compliance Review (RCR) process to the master list and eliminate any firm that failed the RCR process. The RCR process is a due-diligence process whereby each advisory firm was compared with the RCR database of all regulatory actions from all four primary regulators: SEC, FINRA, state regulators and state insurance commissioners. In order to pass the RCR process, an advisory firm cannot have any complaints, actions or disclosures from any of the above regulators.
For further information, visit http://www.cnbc.com/top-100-fee-only-wealth-management-firms/#bottom