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InvestmentNews names the financial advice industry's 2017 “Best Practices”

Fifth annual awards program recognizes firms for excellence in practice management, technology

October 17, 2017, Boston, Mass. – InvestmentNews today named Nvest Financial Group, LLC a winner of the 2017 Best Practices Awards, an important initiative that recognizes the top-performing and most innovative firms in the financial advice industry.

The winners of the InvestmentNews Best Practices Awards were identified through their participation in the 2017 Adviser Compensation & Staffing and the 2017 Adviser Technology Study. The winning firms were officially recognized today at InvestmentNews’ Best Practices Award and Workshop, which was hosted at The Colonnade Hotel in Boston.

"The Best Practices winners are some of the most strategic and successful firms in the advice business," said Mark Bruno, associate publisher at InvestmentNews and head of InvestmentNews Research. "Their leaders have a clear plan and vision for growing their firms and managing elite organizations. Acknowledging their accomplishments and telling their stories will help educate, inform and influence the growth of the overall industry.”

To identify the 2017 Best Practices Award-Excellence inTechnology winners, InvestmentNews Research created composite scores that examined several key metrics from a qualitative and quantitative screen. The technology Best Practices were first identified by looking at the top-performing firms in InvestmentNews’ 2017 Adviser Technology Study. Top performers are the top 10% of participating firms in the study, and performance is based on a composite score that examines 2016 vs 2015 asset and revenue growth, as well as adviser and firm productivity metrics. Over 300 firms participated in the study. These top performers were then interviewed by InvestmentNews’ Best Practices committee and were specifically questioned on the strategies and approaches that contributed to their outperformance. At the end of the interview process, we identified the 10 firms that were named the 2017 Technology Best Practices.  This award is not indicative of an advisor’s future performance.

The 2017 Best Practices Award Winners are:

Excellence in Technology

Nvest Financial Group, LLC

Asset Management Group, Inc.           

Balasa Dinverno Foltz LLC,

Center for Financial Planning, Inc.

Etesian Wealth Advisors Inc.

Fierston Financial Group

Sensible Financial Planning and Management, LLC

Strategic Wealth Management Group, LLC

The Burney Company (Burney Company Investment Management)
 

Excellence in Compensation & Staffing

ACG Wealth

Accredited Investors Wealth Management  

CJM Wealth Advisers, Ltd.

Dowling & Yahnke Wealth Management

EisnerAmper Wealth Management & Corporate Benefits

Foster & Motley, Inc.

JMG Financial Group, Ltd.

Johnson Investment Counsel

Private Vista LLC

Roof Advisory Group, Inc.

Sage Financial Group

Wacker Wealth Partners

 

 

About InvestmentNews Research

InvestmentNews Research, a division of InvestmentNews, provides financial advisers with the industry’s most informative practice management studies and benchmarking reports. InvestmentNews’ benchmarking studies are a leading source of market intelligence for advisory firms and industry partners, such as custodians, broker-dealers, service providers and professional organizations. In 2009, InvestmentNews acquired two bellwether benchmarking studies from Moss Adams LLP — the Adviser Compensation and Staffing Study and the Financial Performance Study of Advisory Firms. InvestmentNews has since added a technology study to its benchmarking reports. In addition to the regular benchmarking studies, InvestmentNews Research provides custodians, broker-dealers and RIAs with custom benchmarking reports and white papers that leverage our deep data and industry expertise.

Join us for the 2017 YCEATF Annual Conference!

Registration is now open! Space is limited.

The York County Elder Abuse Task Force invites you to join us for our Annual Conference on November 17, 2017 at the Nonantum Resort in Kennebunkport!

Please visit here for all the details: https://www.eventbrite.com/e/york-county-elder-abuse-annual…

The Agenda for the day is as follows:

9-9:15am: Welcome: Candice Simeoni: York County Elder Abuse Task Force President
9:15-10am: Keynote speaker:
10-10:45am: Overview on current stats, current trends and future projections, problems and what can help? Judith M. Shaw, Esq., Securities; Administrator, Maine Office of Securities
10:45-11am: Break
11-11:30am: A presenter on the current specific Elder Abuse-related laws in Maine. Barriers, what needs to be changed? Successes? Ricker Hamilton-Acting Commissioner, Maine Department of Health
& Human Services and Detective Seth Blodgett, Investigation Division, Office of the Attorney General
11:30am-12pm: Power of Attorney rights: Myths and truths presentation regarding Power of Attorney rights, conservatorship & Guardianship Mary Kathryn Brennan and Smilie Rogers
12-12:45pm: Lunch, networking, raffles
12:45-1:30pm: "Time to Unleash Your Inner Superhero": Barbara Anne Cookson, LMT,CHC-International Best Selling Collaborative Author: http://barbaraannecookson.com/
1:30-2pm: Policy Specific Expert-steps to change policy/law/statute, etc: Greg Zinser, County Manager of York County
2-3pm: Professional Bank Panel- Various bank representatives collaborate to present on financial exploitation of seniors:
           -Kathleen M. Keneborus:Director of Government Relations and Compliance, Maine Bankers Association
           -Nichole D. Raftopoulos, CFP®, CDFA™, AIF®, MPAS℠, President: Nvest Financial Group, LLC , Nichole
                       was named to Forbes’ Top Women Wealth Advisors list for 2017*
           -Karyn Labrie, Compliance Specialist and Bill Kany, Director of Legal & Government Affairs from Saco/Biddeford Savings
3-3:15pm: Break
3:15pm: YCEATF wrap up- Happenings with YCEATF, Ideas to inspire, awards, raffles and thank you.

We are also accepting donated items for our raffle table. Proceeds go to our “Wishing Well” project.
For more information about the Wishing Well visit:
www.yceatf.org

We look forward to seeing you and making the 2017 Annual Conference a great success!

*The ranking of Forbes' Top Wealth Advisors(1) (Top Women Advisors) is based on an algorithm of qualitative and quantitative criteria, including a minimum of seven years of experience, a minimum of $1 million in production, and the weighing of factors including revenue trends, AUM, compliance records, industry experience, and best practices (gathered through telephone and in-person due-diligence interviews). Shook Research also employs an opinion-based weighting system that prioritizes its preferred "best practices," which include business models, activities, processes, and structure. Overall, 2,723 advisors were considered, and 200 (7.3 percent of candidates) were recognized. For the full methodology(2) that Forbes developed in partnership with SHOOK Research, please visit here.(1)This recognition and the due-diligence process conducted are not indicative of the advisor's future performance. Your experience may vary. As your specific needs and circumstances may vary, you are encouraged to conduct your own due diligence. (2) Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings

Investment Advisor Is Certified For Fiduciary Excellence

PITTSBURGH, SEPTEMBER 26, 2017 – CEFEX, the Centre for Fiduciary Excellence, LLC, an Fi360 company, has certified, Nvest Financial Group, LLC in Kennebunk, ME to the standard described in the handbook “Prudent Practices® for Investment Advisors”. Nvest Financial Group, LLC (Nvest) joins the elite group of Investment Advisors to successfully complete the independent certification process. 

The standard describes how an Investment Advisor assumes the responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and de-selection of investment managers, as well as developing processes to implement investment strategies and fiduciary practices on an ongoing basis.  According to the General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to investors, both institutional and individual, that Nvest has demonstrated adherence to the industry’s best fiduciary practices.   This indicates the firm’s interests are aligned with those of investors.”

Nvest is certified for individuals, families, businesses and ERISA 401k / DB plans advising on all aspects of finance including investment management as investment advisor representatives of the Commonwealth Financial Network. Nvest is registered at www.cefex.org, where its certificate can also be viewed.

The standard is substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S. 

A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Nvest on-line CEFEX certificate. 

___________________________________________________________________________________________________________________________________________________________________________

About CEFEX®:

CEFEX®, Centre for Fiduciary Excellence, LLC, an Fi360® company, is an independent certification organization.  CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers.  CEFEX has offices in Pittsburgh, PA and Toronto, Canada.

About Fi360®:

Fi360’s mission is to help institutions and advisors gather, grow, and protect assets through better investment and business decision-making. Fi360’s capabilities include professional development, software applications, and research and practice management. Fi360 is the home of the AIF® designation and the Fi360 Toolkit®, and is the parent company of Ann Schleck & Co. and CEFEX. For more information about Fi360, please visit www.Fi360.com.

Support Staff Attend Conference In Boston

Nvest Financial support staff members attended Commonwealth Financial Network's Advanced Topic Symposium (ATS) in Boston, MA this August. The two day training session focused on the newest changes in the finance industry that impacts support staff and helps staff perform at a higher level for their respective offices.

While there, attendees also participated in a community service project with the organization Birthday Wishes. Birthday Wishes provides homeless children throughout New England a birthday party on their special day. 

 
ATS Birthday Boxes

 

While at the conference, Amanda Petersen was recognized as one of three staff members in the country awarded Staff Person of the Year by Commonwealth Financial Network. Staff members were nominated by their respective advisors, with Nichole Raftopoulos nominating her, and are awarded this recognition based on various criteria.

Amanda recently celebrated 3 years with Nvest Financial Group. As Director of Client Administration and Registered Paraplanner, she oversees both of Nvest's offices and provides direct assistance to Nichole on her clients' financial planning cases.

Staff of The Year Winners
 
 

Nichole and George Attend George H.W. Bush Celebrity Classic

On Tuesday, June 20th, Nichole and her husband, George, attended the annual George H.W. Bush Celebrity Golf fund-raiser.  Held each year at the historic Cape Arundel Country Club, the celebrity classic carries our 41st president’s name.  President G.H.W. Bush, or 41 as he’s commonly referred to, is a staunch supporter of the fund-raiser and has been attending the event since its inception in 2002.  Also attending this year was President George W. Bush, or 43, who showed up for pictures and a brief talk with guests and attendees before the event.

The event raises money each year for Gary’s House, which is operated by Mercy Hospital as an affordable hospitality home for families and individuals with loved ones receiving medical treatment in any greater Portland medical facility.  The facility is a safe and comfortable home-away-from-home for families who cannot afford to stay at a hotel while traveling for their loved one’s medical care.  Gary’s House is a tribute to the life of Gary Pike, a well-loved Kennebunk resident who passed at a young age from a rare cancer.



Nichole D. Raftopoulos of Nvest Financial Group Honored in Forbes' Top Women Wealth Advisors List

March 01, 2017

Kennebunk, ME (February 28, 2017)—Nvest Financial Group, LLC, a Financial Planning and Investment Advisory firm, with offices in Kennebunk, ME and Portsmouth, NH, today announces that its founder, Nichole D. Raftopoulos, CFP®, AIF®, CDFA™, MPAS℠, has been named to Forbes’ Top Women Wealth Advisors list for 2017. The inaugural list was published on Forbes.com earlier today.

In 1995, Nichole began her career in the financial services industry before establishing Nvest in 2003. As a CERTIFIED FINANCIAL PLANNER™ Practitioner, Accredited Investment Fiduciary® and Master Planner in Advanced Studies, Nichole works closely with Nvest’s clients regarding all aspects of the personal financial life by taking a sincere and holistic approach. This approach helps educate clients through all steps of the planning process thereby allowing a person to make informed decisions and helping achieve financial security. Nichole attributes her comprehensive and holistic style to her success.

Wayne Bloom, CEO of Commonwealth Financial Network®, Nvest’s independent broker/dealer–RIA, said, “Congratulations to Nichole on being recognized among this list of dynamic financial advisors. Nichole is a distinguished leader, dedicated to her practice and committed to bettering the financial livelihood of her clients. We value our partnership with Nichole and her individual contributions to the Commonwealth community, and we will continue to offer the support her business demands.”

“This honor is not only about me” states Nichole, “but rather it takes a team of professionals who are committed each and every day in working so diligently with all of our clients. I’m fortunate to have wonderful people as part of the Nvest team.”

The ranking of Forbes' Top Wealth Advisors(1) (Top Women Advisors) is based on an algorithm of qualitative and quantitative criteria, including a minimum of seven years of experience, a minimum of $1 million in production, and the weighing of factors including revenue trends, AUM, compliance records, industry experience, and best practices (gathered through telephone and in-person due-diligence interviews). Shook Research also employs an opinion-based weighting system that prioritizes its preferred “best practices,” which include business models, activities, processes, and structure. Overall, 2,723 advisors were considered, and 200 (7.3 percent of candidates) were recognized. For the full methodology(2) that Forbes developed in partnership with SHOOK Research, please visit: Forbes ranking methodology. 

Securities offered through Commonwealth Financial Network; Member FINRA/SIPC. Investment Advisory Services may be offered through Commonwealth Financial Network, a Registered Investment Adviser and/or Nvest Financial Group, LLC, a Maine and New Hampshire-licensed Investment Adviser. Advisory Services, Fixed Insurance Products and Services offered by Nvest Financial Group, LLC are separate and unrelated to Commonwealth.
(1)This recognition and the due-diligence process conducted are not indicative of the advisor's future performance. Your experience may vary. As your specific needs and circumstance may vary, you are encouraged to conduct your own due diligence.
(2) Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings.


Thieves skimming data from York County ATM users, sheriff warns

The York County Sheriff’s Office is warning people who use ATM machines that criminals using sophisticated skimming devices are stealing personal identification numbers and card data from bank customers.

Sheriff William L. King Jr., in a warning posted on the department’s Facebook page Sunday, said deputies found skimming devices on ATMs at bank locations in Wells, Sanford and Waterboro.

“The devices are sophisticated and the perpetrator used two devices to capture the PIN and card data of unsuspecting customers,” King wrote.

King said one device mimicked the card slot and actually fit over the existing card slot, which made the machine look unaltered. A second device was a small camera hidden above the keypad that took a picture of the PIN.

“We believe the thieves planned to burn the data onto a blank card to access the victim’s funds,” King said. So far, no customers have reported their funds were accessed.

King offered a few security tips to ATM users.

Cover your password with your hand.

Use familiar ATM machines and limit your visits.

Check your balances frequently.

Inspect the ATM and if something looks out of place, do not use it and alert bank officials.

Article can be found here.



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