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Financial firms land in 'FT 300'

July 3, 2019
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FormulaFolios Grand Rapids office interior
FormulaFolios' Grand Rapids office is located downtown. Photo via formulafolios.com

A group of firms with a West Michigan presence have been named among the top registered investment advisers in the nation.

Financial Times last week published its 2019 “Top 300 Registered Investment Advisers” list, or FT 300, and four firms with West Michigan offices are on the list:

Advance Capital Management, based in Southfield with a Grand Rapids location

FormulaFolio Investments, based in Grand Rapids

Norris, Perne and French, based in Grand Rapids

RMB Capital, based in Chicago with a St. Joseph location

Methodology

The sixth-annual list rated investment advisers registered with the Securities and Exchange Commission that reported $300 million or more in assets under management, or AUM, on “traits desirable to investors.”

In partnership with its sister entity, Ignites Research, Financial Times invited 2,000 RIAs to fill out an application providing more information about their firm.

The responses, completed by 740 RIAs, were graded alongside data from regulatory filings to determine the 300 honorees.

The firms were scored on adviser assets AUM, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility.

The results form an unranked list FT refers to as an “elite group” of RIAs.

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