LBMC Investment Advisors, a CNBC designated top 25 fee-only wealth management firm and member of the LBMC Family of Companies, proudly announces it has been named an InvestmentNews 2016 Best Practice Award winner for excellence in practice management and financial performance. This initiative recognizes the twelve top-performing and most innovative firms in the financial advice industry.
"The Best Practices winners truly approach their businesses as CEOs and not just as advisers," said Mark Bruno, associate publisher at InvestmentNews and head of InvestmentNews Research. "All of these firms are run by people with a long-term vision for their organization – and an ongoing commitment to improving and enhancing their businesses. Their accomplishments and stories will help educate, inform and influence the growth of this industry.”
To identify the 2016 Best Practices Award winners, InvestmentNews Research created composite scores that examined the rate of growth, profitability and productivity levels for all of the participants in the 2016 InvestmentNews Financial Performance Study. The “Best Practices” were those who ranked among the top-quartile of all participants; in addition, the final firms were selected after qualitative interviews conducted by the InvestmentNews Best Practices Committee.
“I am humbled to be recognized as one of the 2016 Best Practices for our innovative approach and 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, who recently crossed the $100,000,000 in Assets Under Management threshold, 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.
LBMC Investment Advisors, LLC is a $1B in Registered Investment Advisory firm based in Tennessee. 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.
Investment News has been delivering news, analysis and research essential to the business of financial advisers since 1998. Readers have come to rely on InvestmentNews for up-to-date information on the stories and events affecting their clients' investments, their industry and their practices, making it the number one source of news and information to the financial adviser community. The InvestmentNews main office is located in New York, with bureaus in Boston, Irvine, Chicago, San Francisco and Washington, DC. InvestmentNews is part of Crain Communications.