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Wealth adviser is No. 2 on Barron’s ‘Top 100’ ranking

September 20, 2019
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Charles Zhang
Charles Zhang.

An investment strategist in the region has been ranked second in a ranking of the nation’s top independent wealth advisers by Barron’s.

The investment-focused publication owned by Dow Jones & Company, a division of News Corp., named Charles Zhang the No. 2 wealth adviser on its 2019 “Top 100 Independent Wealth Advisors” ranking, up from No. 6 in 2018.

The 13th-annual ranking was published last week.

Zhang is founder, CEO and a wealth adviser at Portage-based Zhang Financial, a fee-only advisory firm with total assets of over $3.5 billion.

The typical net worth of Zhang’s clients is $3 million.

Barron’s ranked Spuds Powell, of Kayne Anderson Rudnick Investment Management in Los Angeles, the No. 1 adviser this year. His firm oversees $29.5 billion in assets, and the firm’s typical client has a net worth of $20 million.

Methodology

The ranking reflects the volume of assets overseen by the advisers and their teams, revenue generated for the firms and the quality of the advisers’ practices.

The scoring system assigns a top score of 100 and rates the rest by comparing them with the top-ranked adviser.

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