Visionary Ranked 4th Fastest-Growing Financial Advisor Firm in the United States
March 16, 2021 —Visionary Wealth Advisors was recently ranked in the Top 5 of the “Top 50 Fastest – Growing Financial Advisor Firms – 2021 Edition” by SmartAsset. Visionary tied for 4th along with Integrated Advisors Network LLC out of Palos Verdes Estates, CA.
The recognition was based on the change in number of client accounts and the change in assets under management (AUM). According to SmartAsset, Visionary has more than doubled its clients between 2017 and 2020, growing 118%. At the end of 2020, Visionary’s total AUM had grown by 80.19% since 2019, and 92.42% since the end of 2017. [1]
“We are extremely humbled by the national recognition as one of the fastest growing financial advisory firms in the United States. Our advisors, and the rest of our team at Visionary Wealth Advisors, show up and work hard every day to serve the communities in which we live and work. Recognition like this suggests that our business model of non-biased, fiduciary advice is what the marketplace is looking for when choosing an advisor,” states Visionary Co-Founder and CEO, Brett Gilliland.
Tim Hammett, CFP®, AEP®, President and Co-founder of Visionary adds, “During the last seven years, Visionary has worked hard to serve its client’s needs in an unbiased and objective manner. We believe the foundation of a relationship is understanding the client’s core values. Everyone at Visionary feels incredibly honored to be recognized by SmartAsset as one of the fastest growing financial advisor firms.”
Additional details on the ranking and full list of financial advisor firms can be found on yahoo!finance or on the SmartAsset Blog.
[1] The increased growth is not attributable in its entirety to investment performance. The primary source of the firm’s client and asset growth during the relevant period was net new assets related to its employment or engagement of Investment Advisor Representatives.
Important Disclosures:
Smart Asset’s “Top 50 Fastest – Growing Financial Advisor Firms – 2021 Edition” (the “List”) is based on information obtained from Registered Investment Advisory firm’s 2017-2020 Form ADV data. Firms with less that $500 million in assets under management as of December 2017, with disclosures listed on their Form ADV, not offering financial planning services, or not headquartered in the United States were excluded from consideration.
To isolate organic growth, SmartAsset eliminated firms who took part in mergers and acquisitions during the time frame by cross referencing Fidelity’s annual M&A reports and through SmartAsset’s own research and due diligence.
With that criteria, SmartAsset compared more than 600 firms across the following four metrics:
- One-year percentage change in number of client accounts. Data comes from the SEC and is for December 2019 and December 2020.
- Three-year percentage change in number of client accounts. Data comes from the SEC and is for December 2017 and December 2020.
- One-year percentage change in assets under management. Data comes from the SEC and is for December 2019 and December 2020.
- Three-year percentage change in assets under management. Data comes from the SEC and is for December 2017 and December 2020.
SmartAsset ranked each advisory firm in every metric, giving all metrics an equal weighting. They calculated each firm’s average ranking and used the average to determine a final score. The firm with the highest average ranking received a score of 100. The firm with the lowest average ranking received a score of 0.
Visionary Wealth Advisors did not pay a fee to be considered or placed on the List. In the past, some of Visionary’s Investment Advisor Representatives have utilized SmartAsset as a client lead generation source. SmartAsset did not evaluate the quality of services Visionary provided to clients; and selection for the List is not indicative of the Firm’s asset management performance. Working with a Firm named on the List is no guarantee as to future investment success.