CHICAGO -
May 10, 2018 -
PRLog --
Michael L. Haynes, Morgan Stanley is featured in a special section of the November issue of Chicago Magazine as a 2017 Five Star Wealth Manager award winner.
Five Star Professional partnered with Chicago Magazine to identify and showcase an exclusive group of wealth managers who have demonstrated excellence in their field.
"I believe your retirement years can be the best ones of your life, but making the most of your financial opportunities takes careful planning and getting help when you need it. My business is based on three core values: trust, competence, and service," said Michael L. Haynes of Morgan Stanley.
The 2017 Five Star Wealth Manager award winners have been carefully selected for their commitment to providing quality services to their clients. The award is based on an in-depth research process incorporating peer and firm feedback with objective criteria such as client retention rates, client assets administered, industry experience and regulatory and complaint history.
"Based on our evaluation, the wealth managers we recognize are committed to pursuing professional excellence and have a deep knowledge of their industry. They strive to provide exemplary care to the people they serve," stated Dan Zdon, CEO, Five Star Professional.
Michael L. Haynes's Five Star award profile can be viewed
here.
"What I enjoy most about my work is helping clients get to that
aha moment when their retirement goals become both visible and achievable,"
said Michael L. Haynes of Morgan Stanley.
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 adviser or as a principal of a registered investment adviser firm 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 a 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 past 11 years; E. Been terminated from a financial services firm within the past 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. 3781 Chicago area wealth managers were considered for the award; 438 (12 percent of candidates) were named 2017 Five Star Wealth Managers. 2016: 3411 considered, 725 winners; 2015: 5833 considered, 716 winners; 2014: 8161 considered, 744 winners; 2013: 3998 considered, 772 winners; 2012: 2970 considered, 780 winners.
For research methodology information visit www.fivestarprofessional.com.
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