Comprehensive Financial Advisor Evaluations
Obtaining an independent, unbiased assessment of one’s current financial advisor is important given the complex and opaque nature of the wealth management industry. With extensive industry insight and expertise in the evaluation of financial advisors and wealth management firms, SpringReef conducts detailed reviews of clients’ existing advisors, assessing them on twenty (20) critical factors that include regulatory history, industry experience, quality of investment process, breadth and depth of investment solutions, strength of investment performance, and fairness of fees.
Searches for Best-in-Class Financial Advisors
Finding the right wealth management provider, particularly one who can meet the complex needs of a high net worth family or nonprofit organization, can be challenging. Between the staggering size of the wealth management industry in the United States – over 350,000 financial advisors and advisory firms – and the sales-centered nature of the business, identifying best-in-class professionals can quickly become a difficult and confusing endeavor.
SpringReef helps clients separate exceptional wealth management providers from their less capable counterparts. Using our comprehensive due diligence process, we conduct evaluations on financial advisors from broker-dealers, registered investment advisers (RIAs), private banks and trust companies, and recommend professionals who not only have outstanding investment experience, knowledge and capabilities, but who are also well-matched with our clients’ needs, goals and values.
Ongoing Monitoring and Management of Advisor Relationships
SpringReef also offers clients continued monitoring and management of advisor relationships to ensure advice, performance and service remain aligned with their needs, goals and expectations. As part of this offering, we participate in periodic investment performance reviews with financial advisors, acting as an independent partner and advocate for our clients.
Client-Specific Wealth Management Consulting
For clients who seek wealth management guidance that falls outside of our traditional offerings, SpringReef provides customized consulting services to meet their specific needs. Our unique insight into the industry allows us to provide an objective and unbiased perspective on a wide array of important wealth management matters, including overall investment management strategy and vehicles, asset allocation, passive versus active investing, and discretionary versus non-discretionary management.