Ferguson Wellman Capital Management Ranked 22 on Forbes Magazine’s Top 50 Wealth Managers List
PORTLAND, Ore. – April 29, 2014 – Ferguson Wellman Capital Management was recently notified that the firm was named by Forbes Magazine as a top wealth management firm. This is the second year that Ferguson Wellman was represented on the Forbes list.
Specifically, Forbes named Ferguson Wellman 22nd on the “Top Fifty Wealth Managers” list. The data for the rankings is provided by RIA Database and is based on the total discretionary assets under management. The firm moved up from its previous position of 40th on the list in 2013.
“This is an honor earned by everyone at Ferguson Wellman. While it is always gratifying to be ranked highly among your peers – what is most meaningful to us is earning the confidence of clients who entrust us with their assets,” said Jim Rudd, principal and chief executive officer.
According to Forbes, the top 50 list represents 15 percent of the entire registered investment adviser (RIA) industry, collectively managing $224 billion in assets. Over the past five years, Forbes has worked closely with RIA Database to identify “true wealth management” criteria for its readers.
Founded in 1975, Ferguson Wellman Capital Management is a privately owned registered investment adviser that serves over 650 clients with assets starting at $3 million. The firm works with individuals and institutions in 35 states with a concentration of those clients in the West. Ferguson Wellman manages $3.9 billion that comprises union and corporate retirement plans; endowments and foundations; and separately managed accounts for individuals and families. In 2013, West Bearing Investments was established, a division of Ferguson Wellman, that serves clients with assets starting at $750,000. All company information listed above reflects 3/31/14 data.
Methodology RIA Database compiled the 2013 FORBES Top Wealth Manager Ranking based on total assets under management as of March 31, 2014. Registered investment advisors (RIAs) were included if they provide wealth management services to high net worth individuals. RIAs were excluded if they own and/or manage a mutual fund, hedge fund or broker/dealer. Firms with regulatory, civil or criminal disclosures were also excluded. RIA Database is a Labworks, LLC company: http://www.RIADatabase.com.
“Forbes Top 50 Wealth Managers 2014” http://www.forbes.com/top-50-wealth-managers/
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