InvestmentNews named Balasa Dinverno Foltz 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 Technology Study. The winning firms were officially recognized October 17, 2017 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 winners, InvestmentNews Research created composite scores that examined several key metrics from its core benchmarking studies – including a firm’s rate of growth, profitability and productivity level. The data was obtained from over 700 independent advisory firms that participated in the 2017 Adviser Technology Study. The “Best Practices” were those who ranked among the top-quartile of all participants; in addition, the final firms were selected after qualitative interviews conducted by the InvestmentNews Best Practices Committee.