We hope everyone enjoys the holiday season and has a wonderful Thanksgiving celebration this week. As we reflect and take the time to give thanks, we of course want to express our gratitude to our clients and blog readers. 2014 has been a great year for Fort Pitt Capital Group, as we were able to expand our AUM by more than $100 million. We also have hired five new associates, including Pete Jannetta, who is directing business development initiatives on our behalf and Bill Engel, who has been working with our top clients.
Additionally, we’ve been recognized by a number of industry rankings, including The Financial Times’ inaugural list of “Top 300 RIAs.” We were one of only 15 Pennsylvania firms honored on the ranking.
We are so appreciative of your loyalty and trust in our services and are looking forward to a successful 2015!
Rankings and recognitions by unaffiliated publications should not be construed by a client or prospective client as a guarantee that Fort Pitt Capital Group will provide a certain level of results in client accounts nor should they be construed as current or past endorsements of Fort Pitt by clients. Such publications base their selections on information prepared and/or submitted by the recognized entities. Additional details regarding the criteria and process utilized in formulating these rankings are described below.
The Financial Times’ methodology is quantifiable and objective. FT goes through the database of RIAs who are registered with the U.S. Securities and Exchange Commission, and selects practices reporting to the SEC that they had $300 million or more in assets under management. The RIA firms had no subjective input. Qualifying RIA firms –totaling more than 2,000 –filled out an application that gave FT more information about their practices. FT augmented that information with their own research into the practices, including data from regulatory filings. The formula FT uses to grade advisors is based on six broad factors and calculates a numeric score for each advisor, including AUM, AUM growth rate, firm’s years in existence, etc. The Top 300 RIAs are presented as an elite group, not a competitive ranking of 1 to 300. Fort Pitt Capital Group was recognized alongside 14 other Pennsylvania firms.