Beaird Harris, a Dallas-based Certified Public Accounting and fee-only Wealth Management firm, is pleased to announce that Jacob King, CFP® was recognized in the February edition of Fortune’s Five Star Wealth Managers Under 40 list for 2021.
Jacob began his career in finance in 2004 by serving as an Intern for Beaird Harris and joining the Firm as a Financial Planner the following year. In 2012, after a series of advancements, Jacob became the youngest Partner admitted to the firm. Today, he is a member of the Firm’s Investment, Compliance and Executive Committees, and serves as a Wealth Manger.
“A Wealth Manager is more than someone who manages portfolios – it is someone who helps clients plan for their future, and their children’s future. The advisor-client relationship is a vital piece of the puzzle, which is why it’s important to find the right Wealth Manager to work with for the long haul,” according to Fortune.
“Jacob is a talented advisor and a consummate professional. We’re proud of his accomplishments in the industry and within our Firm,” said Pat Beaird, Managing Partner of Beaird Harris Wealth Management. “This recognition by Fortune is a reflection of Jacob’s ongoing commitment to excellence and dedication to the clients he serves.”
Research Disclosures
In order to consider a broad population of high-quality wealth managers, award candidates are identified by one of three sources: firm nomination, peer nomination or prequalification based on industry standing. Self-nominations are not accepted. Award candidates were identified using internal and external research data. Candidates do not pay a fee to be considered or placed on the final lists of Five Star Wealth Managers; however, Beaird Harris did pay a fee for Jacob to be included in the Fortune publication.
Determination of Award Winners
Award candidates who satisfied 10 objective eligibility and evaluation criteria were named 2021 Five Star Wealth Managers. Eligibility Criteria – Required: Credentialed as a registered investment advisor or a registered investment advisor representative. 2. Actively employed as a credentialed professional in the financial services industry for a minimum of five years. 3. Favorable regulatory compliant history review. 4. Fulfilled their firm review based on internal firm standards. 5. Accepting new clients. Evaluation Criteria – Considered: 6. One-year client retention rate. 7. Five-year client retention rate. 8. Non-institutional discretionary and/or non-discretionary client assets administered. 9. Number of client households served. 10 Education and professional designations.
Regulatory Review: As defined by Five Star Professional, the wealth manager has not: been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; individually contributed to a financial settlement of a customer compliant; been convicted of a felony. Within the past 11 years the wealth manager has not: been terminated from a wealth management or financial services firm, filed for bankruptcy; had more than a total of three settled or pending complaints filed against them (and no more than five total pending, dismissed or denied) with any regulatory authority.
Five Star Professional conducts a regulatory review of each nominated wealth manager using the Investment Advisor Public Disclosure (IAPD) website. Five Star Professional also uses multiple supporting processes to help ensure that a favorable regulatory and complaint history exists. Data submitted through these processes was applied per the above criteria; each wealth manager who passes the Five Star Professional regulatory review must attest that they meet the definition of favorable regulatory history based upon the criteria listed above. Five Star Professional promotes via local advertising the opportunity for consumers to confidentially submit complaints regarding a wealth manager.
4,374 Dallas-Fort Worth wealth managers were considered for the award; 335 (8% of candidates) were named 2020 Five Star Wealth managers.
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