Financial Advisor magazine ranking recognizes firm's business growth
CHICAGO, IL (28 July 2022) – Kovitz Investment Group Partners, LLC (“Kovitz”), a value-based wealth management firm headquartered in Chicago, has been named as one of the top 100 RIA firms in the country by Financial Advisor magazine.
The magazine’s annual survey of the top RIAs ranks the firms from largest to smallest, based on year-end assets reported by the firms for 2021. From 2020 to 2021, Kovitz’s client assets grew by 21.14%.
“This recognition confirms what we’ve known all along – that our advisors and client services specialists are at the top of their game. We appreciate Financial Advisor’s reporting and want to especially thank our clients for their continued trust and partnership.”
Ted Rupp, Co-President and Principal
Not only has Kovitz’s business grown, but the firm itself has expanded. Earlier this year, Kovitz named four new principals and promoted six others within the firm. Over the past year, Kovitz has made more than 20 hires to bolster its wealth management and asset management services to clients nationwide.
Kovitz is an independently-managed registered investment adviser providing advisory services since 2003. Based in Chicago, IL, with offices in Madison, WI, and Orange County, CA, Kovitz connects high-net-worth individuals, institutions, and financial professionals to sound asset management and financial advisory strategies. The firm manages approximately $6.7 billion in client assets as of June 30, 2022.
FA's RIA survey is a ranking based on assets under management at year-end of independent RIA firms that file their own ADV with the SEC. FA's RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA's survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2021, to be included in the print edition of Financial Advisor magazine's 2022 RIA survey. Firms with under $500 million will be included the FA's expanded 2022 online RIA survey.