Coastal Bridge Advisors’ Founding Partner Wins Five Star Wealth Manager Award
WESTPORT, CT – 29 September 2022 – Coastal Bridge Advisors, a bicoastal boutique independent Registered Investment Advisor with offices in Connecticut and California, is pleased to announce that Founding Partner, Bill Loftus, has been selected as a Five Star Wealth Manager Award winner for 2022. This prestigious accolade recognizes financial professionals for outstanding service and overall satisfaction.
As the nation’s largest award program, the Five Star Wealth Manager award is a competitive process. To receive this honor, a wealth manager must satisfy 10 objective eligibility and evaluation criteria1 that are associated with wealth managers who provide quality service to their clients. Candidates undergo thorough regulatory and compliance reviews. Other considerations include assets under management and client retention rates.
“We are thrilled to see that one of our Founding Partners has won such a distinguished industry award,” said Coastal Bridge President Jeff Fuhrman. “It is proof of how committed we are to delivering the highest level of financial advice and customer service to our clients.”
Coastal Bridge is dedicated to “uncomplicating” the experience and process of investing for its clients. This makes it simpler and easier to identify and plan for the way our clients – individuals, families and business owners – want to live their lives and manage their wealth.
About Coastal Bridge Advisors:
Coastal Bridge Advisors is an independent registered investment adviser founded in 2008 with the aim of providing better client service, personalized and sophisticated guidance, as well as coordinated advice delivery. Its goal is to “Uncomplicate It” for clients, which means explaining even the most complex concepts in a way that delivers the simple clarity clients deserve. The firm is focused on helping its clients more clearly plan for retirement, more simply transfer wealth to future generations and more effortlessly enjoy the lifestyle they want today.
More information about the firm, including its disclosures, can be found at www.coastalbridgeadvisors.com. Contact: Deirdre Childs, Director of Marketing, at 203-683-1530 or firstname.lastname@example.org.
1 Five Star Professional Disclosure and Methodology: This award was issued by Five Star Professional (FSP) on September 29, 2022 for the time period 2/28/2022 through 9/2/2022. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 2,950 Connecticut-area wealth managers were considered for the award; 289 (9% of candidates) were named 2022 Five Star Wealth Managers. 2021: 3,191 considered, 272 winners, 9% of candidates; 2020: 3,048 considered, 285 winners; 2019: 3,147 considered, 289 winners; 2018: 3,178 considered, 293 winners; 2017: 2,218 considered, 283 winners; 2016: 1,985 considered, 417 winners; 2015: 2,398 considered, 468 winners; 2014: 3,926 considered, 515 winners; 2013: 2,263 considered, 531 winners; 2012: 2,204 considered, 503 winners. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.
Logo disclosure: This award was issued by Five Star Professional on September 29, 2022 for the time period 2/28/2022 through 9/2/2022. Fee paid for use of marketing materials. No fee paid to participate in the survey.