CNBC News Releases



List Celebrates Firms Uncovering New Ways to Help Clients Navigate Complex Financial Lives

ENGLEWOOD CLIFFS, N.J., October 10, 2019 – CNBC, First in Business Worldwide, today announced the CNBC FA 100, a ranked list of forward-thinking financial advisory firms that continue to find new and better ways to assist clients to meet their financial goals.

Given the increased complexity of our financial lives, investors are seeking more guidance and education regarding income investment planning and advisors can play a key role in helping them increase and protect their wealth.

Over the next 25 years, according to a report from research firm Cerulli Associates, the U.S. will see the biggest generational wealth transfer with 45 million households passing $68 trillion to their children. The top-ranked advisory firms on the CNBC FA 100 list are using consumer-focused strategies from developing creative client segmentation practices to intergenerational engagement, which helps advisors serve their client's children, to further connect with their clients.

The list was selected from more than 1,000 qualifying firms using a proprietary methodology developed by CNBC in partnership with data provider AccuPoint Solutions. Key categories in the methodology include years in business, average account size and total accounts under management, among others. CNBC and AccuPoint Solutions determined the weighting for each category, further refining and ranking the firms, ultimately creating the list of CNBC FA 100. The complete methodology can be found here.

CNBC revealed the list across the network's platforms and will have special coverage throughout Business Day programming and on CNBC Digital.'s special report,, features articles that include a closer look at how the advisory firms were selected, insights from the investment professionals whose firms ranked and how they got into the financial advisory business, and how technology is shaping the future of financial planning, among others. Additionally, David Rea, President of Salem Investment Counselors, which earned the top spot on the CNBC FA 100, will be interviewed on CNBC's "Fast Money Halftime Report" (M-F, 12PM-1PM ET) today, Thursday, October 10th.

Following are the top ten 2019 CNBC FA 100:

  1. Salem Investment Counselors
  2. Montag & Caldwell
  3. Dana Investment Advisors
  4. Century Management Financial Advisors
  5. NorthStar Asset Management
  6. NewSouth Capital Management
  7. California Financial Advisors
  8. Richmond Capital Management
  9. Tom Johnson Investment Management
  10. Richard C. Young & Co.

For more information regarding the CNBC FA 100, visit

Follow @CNBC on Twitter and join the conversation using #FA100.

For more information contact:

Jennifer Dauble
t: 201.735.4721
m: 201.615.2787

Erin Kitzie
t: 201.735.4739
m: 201.753.8107

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