2023 CNBC FA 100 Disclosure
The "CNBC FA100" is published by CNBC LLC, (“CNBC”). The 2023 list is based on a proprietary methodology developed by CNBC in partnership with “AccuPoint Solutions,” which is a data provider (“AccuPoint”). Foster & Motley Inc. (“Foster & Motley”) is not affiliated with CNBC or AccuPoint. The ranking methodology consisted of first analyzing a variety of core data points from AccuPoint’s database of over 40,600 registered investment advisory firms. Consideration for the ranking is therefore limited to advisers for which AccuPoint had access to relevant data. AccuPoint then applied weighted categories to further refine and rank the firms, ultimately creating the list of the top 100. The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included: advisory firm's regulatory/compliance record; number of years in the business; number of certified financial planners; number of employees; number of investment advisors registered with the firm; the ratio of investment advisors to total number of employees; total assets under management; percentage of discretionary assets under management; total accounts under management; number of states where the firm is registered; and country of domicile.
Foster & Motley paid no fees to be included in this ranking. Foster & Motley was ranked 46th out of 100. By disclosing this ranking, Foster & Motley is disclosing favorable ratings (to the extent that Foster & Motley or its representatives are ranked above other advisers) and unfavorable ratings (to the extent that Foster & Motley or its representatives is ranked below other advisers). By considering the “disclosures,” Foster & Motley believes CNBC / AccuPoint seek to ensure that an identified nominee has an established and significant history and record free from regulatory sanctions. This ranking is not indicative of investment performance and should not be construed as a guarantee that client or prospective client will experience a certain level of investment performance or any other result if Foster & Motley is engaged or continues to be engaged to provide services. This ranking should not be construed as a current or past endorsement of Foster & Motley or its representatives by any clients. This ranking was independently granted and is not representative of any one client’s experience because of the way in which it is calculated. Foster & Motley is unaware of any undisclosed facts that could potentially invalidate the appropriateness of this ranking. Based on the stated methodology for the ranking, Foster & Motley does not believe advisers are ranked if their respective ratings are not statistically valid. Foster & Motley provided firm data as of May 31, 2023 to CNBC.
View the "CNBC FA 100" ranking and selection methodology for further details.