Kovitz Named a 2023 Top RIA Firm by Financial Advisor Magazine
CHICAGO, IL (26 July 2023) – Kovitz Investment Group Partners, LLC (“Kovitz”), a value-based wealth management firm headquartered in Chicago, proudly announces its inclusion in the list of the top Registered Investment Advisor (RIA) firms by Financial Advisor magazine. Kovitz ranked #61 out of 521 firms.
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 2022.
We are honored to receive this recognition, which serves as a testament to the exceptional performance of our advisors and client service associates. Their dedication to excellence has propelled Kovitz to the forefront of the industry. Thank you to Financial Advisor Magazine for their recognition and, above all, we express our profound appreciation to our clients.
Ted Rupp, Principal and Co-President
Kovitz has grown in many ways over the past year, despite a difficult year in the markets. The firm has made more than 17 hires to bolster its wealth management and asset management services to clients nationwide. Kovitz has also promoted five others from within the firm.
Additionally, On March 1, 2023, Kovitz acquired Newman & Schimel, LLC (“Newman Schimel”), a wealth management firm based in Deerfield, Illinois. On the same date, Kovitz also formed a strategic partnership with Origin Holding Company, LLC (“Origin”), a private real estate investment firm based in Chicago, Illinois, which was acquired as a wholly owned subsidiary of Focus Financial Partners.
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 over $7 Billion in client assets as of June 30, 2023.
Source: Financial Advisor (FA) Magazine (July 2023). FA's RIA survey is a ranking based on assets under management at year-end (2022) of independent RIA firms that file their own ADV with the SEC and was awarded in July 2023. 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, 2022, to be included in the print edition of Financial Advisor magazine's 2023 RIA survey. Firms with under $500 million will be included the FA's expanded 2023 online RIA survey. Kovitz Investment Group did not pay FA Magazine to participate in the survey. For more information, see here.