RED BANK, N.J. -
Jan. 21, 2018 -
PRLog -- Wells Fargo Advisors, the nation's third largest brokerage firm, recently announced that Joseph Xerri, AAMS, First Vice President-Investment Officer has once again received the FIVE STAR Wealth Manager(sm) award. Xerri is a financial advisor in the firm's Red Bank, New Jersey office.
A graduate of Brooklyn College, and formerly a CPA, Xerri has been a financial advisor for over thirty years. He joined A.G. Edwards & Sons, Inc. a predecessor firm of Wells Fargo Advisors, in 1994. Xerri is Past-President of the Rotary Club of South River-East Brunswick. He and his wife Connie, reside in Freehold. Visit www.JosephXerri.com for further information.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional)
, is based on 10 objective criteria: Eligibility criteria - required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative;
2. Actively licensed as a registered investment advisors or as a principal of a registered investment advisor for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star professional, the wealth manager has not: A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional's consumer complaint process, Unfavorable feedback may have been discovered through a check of complaints registered with regulatory authority or complaints registered through Five Star professional's consumer complaint process; feedback may not be representative of any one client's experience; C. individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the last 11 years; E. Been terminated from a financial services firm within the last 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered;
9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client's assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 4,383 New Jersey area wealth managers were considered for the award; 415 (<10 % of candidates) were named 2018 Five Star Wealth Managers.
About Wells Fargo Advisors
With $1.69 trillion in client assets as of December 31, 2017, Wells Fargo Advisors provides investment advice and guidance to clients through 14,544 full-service financial advisors and referrals from 4,534 licensed bankers. This vast network of advisors, one of the nation's largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. All data includes Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, as of December 31, 2017.www.wellsfargoadvisors.com
About Wells Fargo
Wells Fargo & Company (NYSE WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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