The National Association of Plan Advisors has published its 2020 list of the nation’s top defined contribution (DC) Advisor Teams and we are pleased to report that Advanced Capital Group appears at number 11. Unlike other lists, this focuses on individual firms, or what may, in a wirehouse environment, be referred to as a team, or office, and the assets under advisement related to their defined contribution (DC) practice, specifically in a single physical location. The inaugural list was published in 2017.
“Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and retirement plan advisors,” noted Nevin Adams, Chief Content Officer of the American Retirement Association, and Editor-in-Chief of NAPA-Net, the nation’s leading online resource for retirement plan advisors. “This latest chapter – the NAPA Top DC Advisor Teams, ranked by self-reported DC assets under advisement – presents a compelling case for the positive impact on the nation’s private retirement system”.
The list, which highlights teams with at least $100 million in AUA, this year represents more than $1.3 trillion in DC assets under advisement – the retirement savings of some 30 million working Americans. Significantly, those teams include nearly 1,600 advisors – and many more support personnel – working to help Americans prepare for a financially satisfying retirement in 40 states and Washington, D.C. “As the nation’s leading voice for retirement plan advisors, we are once again pleased to highlight the contributions and commitment of these teams,” noted Adams.
Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. This year, there were 305 submissions and 300 were on the final list.