Forbes | Shook top Advisor Summit 2024 | SHOOK® Research, LLC. | 14 October 2024 | Encore Las Vegas, 3121 S Las Vegas Blvd, Las Vegas, NV 89109, USA

Shook Research's rankings of top advisors is based on one simple notion: "Would we recommend these Advisors to a family member or a friend?" Unlike other rankings we will not recommend Advisors based on the numbers, such as how much money someone makes. We want to evaluate both qualitative and quantative criteria. When considering a surgeon, there are qualitative traits like education, reputation, credentials and is this person someone that is trustworthy, and quantitatively, how many operations has this surgeon performed-is it her first or thousandth...and what is the surgeon's success rate?

Evaluating Advisors is a similar process, whether Wealth Advisors or Financial Security Professionals (FSPs). We interview Advisors by telephone, Zoom and in-person, in the Advisors' offices. After receiving 33,000 nominations-from banks, securities firms, custodians, insurance companies, clearing firms and others-based on our high thresholds, we check compliance records and review every 140-question survey, paying attention to such details as team structures, credentials, expertise and community involvement. The next step is understanding business models and measuring best practices through telephone, Zoom and in-person meetings. We are measuring best practices, such as client service models, investing process and team structures. We may be old-fashioned, but there's nothing like in-person meetings. It's not easy visiting thousands of Advisors, but there's no substitute for looking someone in the eyes, meeting teams and better understanding the client experience.

But most importantly, we are measuring impact, which we call "SHOOK Impact." In short, every client and family is entrusting their Advisor with their family's wealth and even health. That's a pretty big responsibility! So we believe Advisors will be ultimately valued based on how they are impacting their clients' lives. There are countless ways we have found in which Advisors are impacting their clients' lives. And while portfolio performance is important, this is not a criterion due to varying client objectives and lack of audited data-almost every client has different objectives, risk profiles and, consequently, portfolio performance. Quantitative factors include revenues, revenue trends, and assets under management. (For FSPs, we also look at premiums, persistency rates and death benefits on the books.)
Our deep due diligence and attention to data verifications is especially vital because data for all rankings are self-reported. Every Advisor is assigned values on key quantitative and qualitative metrics, including a SHOOK Impact rating. The quantitative and qualitative criteria we measure are assigned numerical values. Mathematically, each Advisor is indexed against all other Advisors, and an algorithm assigns ratings for each Advisor, and a ranking is modeled.

2024 Speakers

MODERATORS:

Alex Shahidi
Co-CIO, Evoke Advisors

David Bahnsen
The Bahnsen Group

Bert White
SVP, Western Division Director, Raymond James & Associates Private Client Group

John Moninger
Head of U.S. Distribution, Allspring Global Investments

Alvin Spencer
Stifel

Ron Insana
CEO of i-Fi AI, Senior Analyst for CNBC

Charles Day
UBS Private Wealth Management

SPEAKERS:

John Hoffman
Head of Distribution & Partnerships, Grayscale

Jason Bogardus
Morgan Stanley Private Wealth Management

Joel Greenblatt
Managing Principal & Co‐Chief Investment Officer, Gotham Asset Management

Richard Bernstein
CEO & CIO, Richard Bernstein Advisors

Tom Lee
Managing Partner & Head of Research, Fundstrat Global Advisors

Tracey Gluck
J.P. Morgan Wealth Management

Don d'Adesky
Raymond James & Associates

Cheryl Young
Rockefeller Global Family Office

Andy Timmerwilke
Merrill Wealth Management

Jay Wyckoff
Managing Director and National Sales Manager, Blue Owl

Treavor Mosbaugh
Regional Market Leader, Southern California, Blue Owl

James Taylor
Morgan Stanley Wealth Management

Craig Findley
Venture Visionary Partners

Josh Pristaw
Head of Real Estate, Pretium

Brian Abdoo
Managing Director, Business Development, Pretium

Liz Shook
Co-Founder & COO, SHOOK Research

Allison Bonds Mazza
Head of Intermediary, Americas Wealth, State Street Global Advisors

R.J. Shook
Co-Founder & President, SHOOK Research, Senior Forbes Contributor

Ronald Temple
Chief Market Strategist, Lazard Financial Advisory & Asset Management

2024 Partners

PLATINUM PARTNERS:
• Manulife John Hancock
• JP Morgan Asset Management

TITLE PARTNER:
• Calamos
• Grayscale

PRESENTING PARTNERS:
• Allspring Global Investments
• ARES Wealth Management Solutions
• BlackRock
• Blackstone
• Blue Owl
• BNY Investments
• Brookfield Oaktree
• Capital Group American Funds
• Fidelity Investments
• First Eagle Investments
• First Trust
• Franklin Templeton
• FS Investments
• Global Atlantic Financial Group
• Global X by Mirae Asset
• Golub Capital
• Gotham Asset Management
• Hartford Funds
• Invesco
• Janus Henderson Investors
• KKR
• Lazard Asset Management
• PGIM Investments
• PIMCO
• Pretium
• State Street Global Advisors
• TPG

PARTNERS:
• Balerion Space Ventures
• Fundstrat
• Patient Capital Management
• ARK Invest Resolute Investment Managers
• Richard Bernstein Advisors
• WisdomTree