Contributed by: Center for Financial Planning, Inc.®
Southfield, MI – Nick Defenthaler, CFP®, Financial Planner at Center for Financial Planning, Inc.®, was recently named to the inaugural Forbes list of “America’s Top Next-Generation Wealth Advisors.” The list, which recognizes advisors from national, regional and independent firms, was released online July 25, 2017.
"It’s an honor and humbling to be recognized as one of the top next-generation financial planners in the country," Defenthaler said. "I’m grateful for the amazing team I’m surrounded by each and every day that has helped me to continually progress in my career."
The Forbes ranking of “America’s Top Next-Generation Wealth Advisors,” developed by Shook Research, is based on an algorithm of qualitative and quantitative data, rating thousands of advisors with a minimum of four years of experience and weighing factors like telephone and in-person interviews, client retention, industry experience, credentials, review of compliance records, firm nominations and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor Shook receives a fee in exchange for rankings.*
Defenthaler, who specializes in working with nearly and newly retired individuals and families, is also director of financial planning at The Center. He also sits on the board of directors at Michigan Financial Planning Association where he is the leader of the chapters Next Generation focus group.
Center for Financial Planning, Inc. is a wealth management and financial planning registered investment advisor located in Southfield, Michigan. Founded in 1985, the firm has seven financial planners and 24 total team members who work with more than 800 clients, the firm manages more than $1 billion in assets under management.
Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Center for Financial Planning, Inc. is not a registered broker/dealer and is independent of Raymond James Financial Services.
* Past performance is not indicative of future results. Individual experiences may vary. Shook – Data provided by SHOOKTM Research, LLC. Data as of 3/31/17. SHOOK considered advisors born in 1980 or later with a minimum 4 years relevant experience. 2,356 Millennial advisors were considered based on high thresholds from which 500 were chosen. Advisors have: built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Ranking algorithm is based on qualitative measures: telephone and in-person interviews, client retention, industry experience, credentials, review on compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criteria because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. For more information see www.SHOOKresearch.com.