NABCAP Launches Objective, Unbiased Process to Evaluate Financial Advisory Practices

PRLog (Press Release) - Jan 28, 2010 -
Participation now open in Jacksonville, FL
Deadline to Complete the Review Process is March 31, 2010

Jacksonville, FL. – January 28, 2010 — NABCAP, a 501(c)(3) registered nonprofit created to add transparency to the financial services industry, today announced its Jacksonville market launch of the most unbiased, verifiable and comprehensive process available to evaluate entire financial advisory practices, regardless of firm affiliation or assets under management.
   The results of the comprehensive review will help to empower and educate investors and financial advisors through objective information and resources. The process incorporates a comprehensive verification system and corroborates a substantial amount of the information provided by participating advisory practices. The rich content collected will be utilized to evaluate and identify quality advisory practices on a local and national level. The NABCAP Premier Advisors lists are exclusive to contracted publications and distributors.    
      “Given the conditions of the financial services industry, investors require an objective way to identify and differentiate between advisory practices — and advisors require an unbiased process that allows them to distinguish their skills and capabilities from the massive pool of advisors locally and nationally,” said Dr. Chuck King, Board President of NABCAP. “Our board of directors is comprised of industry experts, members of the investing public, coupled with academia and professionals who are dedicated to achieving our mission.”
   For the launch in Jacksonville, NABCAP is publishing the list with Jacksonville Magazine locally and on Forbes.com nationally.  NABCAP’s objective process adheres to strict standards of confidentiality and is independent, unbiased, and reliable. NABCAP’s methodology was developed with input from both industry professionals and investors to measure the overall ability of a financial advisory practice to meet investor needs. The evaluation process offers multiple benefits for investors and financial advisory practices:

•   Help bridge the gap between investors and financial advisory practices as they utilize NABCAP’s “black box” approach that assesses 20 categories of practice management

•   Help investors clearly discern among top quality advisory practices through NABCAP’s objective and unaffiliated process

•   Opportunity for financial advisory practices to be showcased and published locally versus peer groups based on measurements of merit and objectivity

•   Open for all financial advisory practices to participate regardless of their firm, Assets Under Management (A.U.M.) or revenues generated

•   Financial advisory practices can distinguish skills, capabilities and practice management from the massive pool of advisors if published.

To be considered for evaluation and publication in Jacksonville Magazine financial advisory practices must complete the entire process by March 31, 2010. All participants will be evaluated and reviewed on an annual basis to maintain the highest quality data. To learn more about NABCAP and the  review process visit: www.NABCAP.org or email info@NABCAP.org