Financial Times ranking includes top retirement plan advisors
FT. LAUDERDALE, FL – Sept. 27, 2017 – Provenance Wealth Advisors today announced that Financial Times has included Sean Deviney on its FT 401 list of top retirement plan advisors. Honorees were chosen based on information in eight categories, including plan assets under advisement exceeding $75 million, growth of assets, industry certification, employee plan participation and compliance record.
“We are proud that Sean was once again recognized by Financial Times,” said PWA Managing Director and Registered Representative, RJFS, Eric Zeitlin. “He has led the practice and its growth by serving as an advisor to plan sponsors and their employees. He and his team are valued by clients and we are pleased to see his recognized on a national scale.”
Deviney has led PWA’s retirement plan consulting team since 2005 and works with a wide range of privately held companies to offer benefits plans for employees. He leads a team that provides a variety of plan choices, compliance and advice to companies and their employees. The firm currently has more than $1.9 billion in total assets under advisement.
Provenance Wealth Advisors provides comprehensive financial planning, estate planning and insurance services to entrepreneurs, professionals and business owners. The firm has been recognized as a leading advisory firm by Barron’s, Accounting Today and Financial Times.
PWA has offices in Miami, Ft. Lauderdale, Boca Raton, West Palm Beach, Cincinnati and New York.
Sean Deviney is director of retirement plan consulting for Provenance Wealth Advisors located at 515 E. Las Olas Boulevard Fort Lauderdale, Florida 33301. He can be reached at (954) 712-8888 or firstname.lastname@example.org.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Advisors, Inc., and Provenance Wealth Advisors. Provenance Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services.
The Financial Times FT 401 Top Retirement Advisors award has about 74.3 percent of the 540 advisor applicants being recognized as a Top Retirement Advisor. The FT asked large US brokerages, independent advisors and other wealth managers to identify qualified Direct Contribution (DC) plan advisor applicants. It partnered in research with Broadridge Financial Solutions, which provided data from its proprietary databases that helped identify advisors who specialize in serving DC plans, including 401k, pensions and other DC accounts. Advisor applicants must have 20% or more of their total client assets in DC plans. Qualifying filled out an online application and questionnaire that gave the FT more information about their practices. The FT augmented that information with its own research on the candidates, including data from regulatory findings. The FT generated an internal score for each applicant based on seven broad factors: DC plan assets under management, DC plan AUM growth rate, DC plan growth rate, experience advising DC plans, the advisor’s industry certifications (CFP, etc.), compliance record, degree to which advisor specializes in the DC business, and estimated participation rate at client DC plans. Roughly 80 to 80 percent of the final score is based DC plan AUM and growth in the DC plan business (as measured by plan numbers and plan assets). Additionally, to provide a diversity of advisors, the FT places a cap on the number of advisors from any one state that’s roughly correlated to the distribution of millionaires across the U.S. Neither the firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 401 list. Inclusion in the FT 401 Top Retirement Advisor list is no guarantee as to future investment success. The award is not representative of any one client’s experience, is not an endorsement and is not indicative of advisor’s future performance. Raymond James is not affiliated with the Financial Times.