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Rathbone Warwick Investment Management named to the FT 300

Rathbone Warwick Investment Management was named to the FT 300: 2017 list of top US registered investments advisers published by Financial Times.

This fourth edition of the FT 300 assesses registered investment advisers (RIAs) on desirable traits for investors.

Rathbone Warwick is honored to represent Idaho on the 2017 FT 300 list. To read more about the assessment and see the full listing, click here.

 

Selection Criteria: The fourth edition of the Financial Times 300 has assessed registered investment advisers (RIAs) on desirable traits for investors. To ensure a list of established companies with deep institutional expertise, we examine the database of RIAs registered with the US Securities and Exchange Commission and select those that reported to the SEC that they had $300m or more in assets under management (AUM). The Financial Times’ methodology is quantifiable and objective. The RIAs had no subjective input. The FT invited qualifying RIA companies – more than 1,500 – to complete a lengthy application that gave us more information about them. We added to this with our own research into their practices, including data from regulatory filings. Some 520 RIA companies applied and 300 made the final list. The formula the FT uses to grade advisers is based on six broad factors and calculates a numeric score for each adviser. Areas of consideration include adviser AUM, asset growth, the company’s age, industry certifications of key employees, SEC compliance record, and online accessibility. The reasons these were chosen are as follows: *AUM signals experience managing money and client trust. *AUM growth rate can be a proxy for performance, as well as for asset retention and the ability to generate new business. We assessed companies on both one-year and two-year growth rates. *Companies’ years in existence indicates reliability and experience of managing assets through different market environments. *Compliance record provides evidence of past client disputes; a string of complaints can signal potential problems. * Industry certifications (CFA, CFP, etc) shows the company’s staff has technical and industry knowledge, and signals a professional commitment to investment skills. Online accessibility demonstrates a desire to provide easy access and transparent contact information. Assets under management and asset growth, combined, comprised roughly 80 to 85 percent of each adviser’s score. Additionally, the FT caps the number on companies from any one state. The cap is roughly based on the distribution of millionaires across the US. We present the FT 300 as an elite group, not a competitive ranking of one to 300. This is the fairest way to identify the industry’s elite advisers while accounting from the firms’ different approaches and different specializations. The research was conducted on behalf of the Financial Times by Ignites Distribution Research, a Financial Rimes sister publication.

Role of a Retirement Plan Advisor

Plan fiduciaries must act as prudent experts under ERISA, and are therefore held to a high standard of care with respect to plan-related decisions regarding investments, service providers, plan administration and general ERISA compliance issues.

Most prudent plan sponsors hire a plan advisor to help them adhere to ERISA’s rigorous standards and to meet their objective of offering a best practices retirement plan to their employees. ERISA rules are clear — every decision you make as a fiduciary must be in the best interests of plan participants and their beneficiaries, and certain relationships may result in prohibited transactions.

Attributes of a Good Advisor

Why You Should Hire One

Independence

Ability to help evaluate funds and providers objectively and without conflict of interest

Familiarity with ERISA

Ability to keep the committee updated on litigation, legislation and regulations impacting plans and fiduciaries

Prudent Expert

ERISA section 404(a) requires fiduciaries to act with the skill, knowledge and expertise of a prudent expert

Expertise with Plan Design

Ability to help plans maintain qualified status while continuing to meet the goals and objectives of our organization

Knowledge of the Provider Marketplace

Ability to ensure that our plan is being administered in the most efficient manner and for a reasonable price

Qualified Plan Investment Expertise

Ability to evaluate, select and monitor fund performance

Documentation Skills

Ability to demonstrate procedural prudence in a well-documented manner

Communication Skills

Ability to educate employees regarding plan highlights and how to create an appropriate investment strategy

Acceptance of Role as a Co-Fiduciary

Willingness to acknowledge in writing that they’re a co-fiduciary to our plan with respect to the investment advice being delivered

Full and Open Disclosure

Fully and openly discloses all sources of fees being received on a direct and/or indirect basis

 

About Retirement Plan Advisory Group

Retirement Plan Advisory Group (RPAG) is an alliance of accomplished retirement focused advisors representing over 400 member firms, serving 28,000 plan sponsors with more than $200 billion in collective assets under influence. Learn more at rpag.com.

 

Retirement Plan Advisory Group ACR#176770 03/16

Why Work with a CFA® Charterholder?

A charterholder can help you meet your specific financial goals.

No credential is as widely regarded in the global financial industry for its rigorous focus on current investment knowledge, analytical skill, and ethical standards as the Chartered Financial Analyst® designation. With more than 100,000 CFA charterholders in over 135 countries and territories and an increasing demand worldwide for the CFA Program, the charter has become the global professional investment credential.

 

What Guides a Charterholder?

  • A strict code of ethics and professional standards. A charterholder not only has the technical knowledge to make investment decisions but also adopts and is held to the highest ethical standards.

 

  • Global best practices and real-world experience. The CFA Program curriculum is based on an extensive and ongoing global practice analysis process, which ensures that the program stays current and relevant in relation to the ever-changing dynamics of global professional investment practice.

 

  • Breadth of knowledge and expertise. A comprehensive, global view and up-to-date practical skills give these investment professionals the tools and deep understanding necessary to effectively analyze the risks and rewards of a variety of investment types, enabling them to address a client’s specific investment needs.
 

Robert Rathbone Among BARRON’S TOP 1,200 FINANCIAL ADVISORS IN AMERICA FOR 2014

Boise, ID. February 25, 2014 —Robert Rathbone was ranked among Barron’s Top 1,200 Financial Advisors for 2014, as announced in the weekly magazine’s February 24th  issue.  Rathbone was ranked #1 in the state of Idaho.

Rathbone’s serious about taking care of his clients-even when he’s no longer around to do it personally. The 33-year-veteran advisor is actively grooming several 20- and 30-something successors to ensure clients won’t miss a beat after his eventual retirement. “The best thing we’ve done here is to set a generational transition in motion,” says Rathbone, 54. “After I get old and can’t make it in to the office anymore, our clients are going to have continuity.” Not that Rathbone is slowing down anytime soon: He’s busy preparing clients for the double whammy of taxes and the inflation that he sees ahead. These days, Rathbone and his 12-person team like “parts of the market that have been, or are being, clobbered.” That includes mining stocks, which Rathbone purchased at the end of last year. Rathbone’s team manages portfolios in-house, both to save clients’ money and to raise accountability. “The buck stops on our desk,” he says.

Winner’s Circle, a Barron’s research organization, produced the rankings based on data provided by over 4,000 of the nation’s most productive advisors.  Among the factors considered for the rankings are assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Institutional assets are given less weight in the scoring. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment –picking abilities. The number of advisors shown for each state is based on the total population of the state, so larger states have larger listings. The rankings reflect assets under management, revenues, quality of the advisors’ practices and other factors. Total assets are all assets overseen by the advisor’s team, including some that are held at other institutions. Assets managed for institutions are given less weight in the scoring. Portfolio performance is not a criterion because most advisors do not have audited track records. Criteria was based on more than 3000 filtered nominations from more than 100 investment, insurance, banking and other related independent financial service firms.

IBR Accomplished Under 40 – Benjamin Warren

IBR Accomplished Under 40“I always wanted to be a baseball player,” says Benjamin Warren. And, up until he played on a not-so-winning team at Northwest Nazarene University, he thought he would be. But, “It was hard to be a really competitive person and put up with losing.” He says. Lucky for Warren, he had a little insurance in his back pocket.

In high school he remembers a project all about choosing a career path. “In the course of that assignment, it occurred to me it would be a good idea to have a back-up plan,” he says. Warren grew up in Leavenworth, Washington, a tourist town in the heart of the Cascade Mountains, fashioned after a picturesque Bavarian village. “I worked on paper routes, rented parking spaces, worked at Bavarian bratwurst stands, at Dairy Queen – managing money was always an interest of mine,” he says.

So, after Warren graduated from NNU with a degree in business administration, he entered the financial industry in 2004 as an advisor for Modern Woodmen of America. In 2007, “I jumped at the opportunity to join the team at Rathbone Warwick & Daly.”

Then, because he wanted a “deeper level of investment and industry knowledge,” Warren tackled a monumental challenge – to become a Chartered Financial Analyst charterholder, “what I consider the gold standard in the financial industry,” he says. After a grueling four years of studying for hours after work and on weekends, “I completed the self-study program and three exams to earn the right to call myself a charterholder. I can easily say it is the most difficult project I have ever undertaken,” Warren says.

Today, he is the lead advisor for over 120 families. He helps chart the direction of client portfolios and holds workshops for business owners on meeting fiduciary responsibilities and retirement plans. Warren also teaches core financial skills throughout the Treasure Valley, professionally and as a community service.

“More often than not, financial is an intimidating topic for people,” he says. “My goal is to bring clarity and peace to people’s financial lives.”

Warren lists as inspiration figures: Tim Onofeo, his head baseball coach at NNU, Bob Rathbone, a mentor who taught Warren the value of putting the client first, and his father. “My dad has been a phenomenal example as a family man, proficer and leader. He’s been the biggest impact I my life.”

Warren and his wife, Kirsten, have two girls, Boston, 7, and London, 5, and are expecting another girl, Brighton, in July. “Two more and we’ll have a Yahtzee,” Warren says with a laugh.

Idaho Business Review recognizes 40 accomplished men and women younger than 40. Past recipients score applicants on a 1-to-5 scale in four categories: professional accomplishments, leadership skills, community involvement and long-term goals. The 40 with the highest total scores are the year’s honorees.

IBR Accomplished Under 40 – Ryan Warwick

IBR Accomplished Under 40Ryan Warwick not only invests privileged clients’ money, he also invests his personal time and money to provide medical attention to underprivileged people in his community and around the world.

By day, he’s an investment adviser for Rathbone, McReynolds & Daly Investment Consulting of Wachovia Securities. In that role, he manages the relationship and portfolios of clients ranging from wealthy individuals to corporations, foundations, and nonprofits.

By night, he sits on the board of the Genesis World Mission and the Garden City Community Clinic. He accepted a board position after he joined his wife, Shannon, on a medical mission to Bangalore, India. The mission was a joint effort between Calvary Chapel and Genesis World Mission.

While in India, he learned of a practice of placing burned hands in cow dung to fight infection – something that made the infections even worse. He saw opportunities to help people save lives simply providing modern medical treatments and establishing healthy environments.

He said he didn’t see many people smiling in India, and that simply touching someone was rare.

“These are people who are normally not touched by others,” Warwick said. “Patients would often comment, ‘You touched us. Our own doctors don’t even touch us because of our caste.” (Caste refers to a Hindu social class separated from others by hereditary, professional or financial differences)/

Warwick got his start with Rathbone, McReynolds & Daly as an intern while completing business administration and accounting degrees at Northwest Nazarene University. He is now a CPA, a chartered financial analyst and an accredited asset management specialist.

He gives back to his community by providing financial and budget counseling to those in difficult situations.

“Each day, I have the ability to impact lives around me,” he said. “I am driven by this opportunity and when all is said and done, I hope to be someone who gave more than I took.”

Idaho Business Review recognizes 40 accomplished men and women younger than 40. Past recipients score applicants on a 1-to-5 scale in four categories: professional accomplishments, leadership skills, community involvement and long-term goals. The 40 with the highest total scores are the year’s honorees.