The first week of October was a busy week for BCS Wealth Management. Not only did we hold our annual client appreciation event, but the next day Managing Partner Nick Clay flew to Austin, TX to participate in a CityWire RIA investment retreat. Through its magazine and events programs, CityWire RIA delivers analysis and resources for Registered Investment Adviser (RIA) firms.
At the event, CityWire RIA recognized BCS Wealth Management as one of CityWire’s “Future 50 Firms.” Nick accepted the award on the firm’s behalf. According to CityWire RIA magazine, the Future 50 RIA firms represent a group of finance professionals who are collectively creating the new investment landscape. They are firms that have their own unique story to tell. These firms are comprised of finance professionals who are driven to succeed on their own terms and, most importantly, are in charge of their own investment decisions.
The scoring system evaluated firms based on their growth trajectory, degree of independent ownership, percentage of fee-based business, approaches to sustainability, diversity initiatives, processes in place for maintaining and attracting talent, succession planning, staff professional credentials, investment offerings/capabilities, service offerings to clients, client education, and charitable work in the community. For firms to qualify, they must be registered with the Securities and Exchange Commission with between $250 million and $2 billion in assets under management.
Receiving recognition is not why we do what we do. Helping our clients is. Nonetheless, we are proud of this accolade because it signifies that our team’s hard work remains a foundation for continued growth.
While in Austin, Nick participated in many round table discussions with peers in the industry. He also had the opportunity to speak with portfolio managers and economists from around the world. As the investment landscape continues to change, we believe information gleaned from events like this allow us to stay up to date.
The Future 50 RIA award is not designed to be a list of the biggest RIAs by AUM or those growing at the fastest rate. Rankings are not indicative of a firm’s future performance nor do they evaluate the quality of services provided to clients. BCS Wealth Management did not pay a fee to participate in this ranking.