We are pleased to report that East Coast Asset Management was recently selected by CNBC as one of the Top 100 Fee-Only Wealth Management firms in the country, and we are honored that East Coast was the highest ranked firm in New England.
The list can be found on CNBC’s web site at the following link:
The ranking methodology scored firms using a proprietary formula that included criteria such as assets under management, professional designations (CFA and CFP), working with third-party professionals such as attorneys and CPAs, average account size, growth of assets, and years in business.
We appreciate the objective criteria used by CNBC and their focus on fee-only firms. We often look at these professional lists with a skeptical eye as many solicit a fee and are little more than advertisement, comingling fee-only wealth management firms, like East Coast, with commissioned brokers. We also appreciate that the rankings highlight firms working with third-party professionals, as the quality and depth of our working partnerships have been integral to helping our clients achieve their wealth management objectives.