Michael Olivia has been recognized by Five Star Professional and awarded the 2018 Five Star Wealth Manager Award, as published in the Wall Street Journal and San Diego Magazine.
Letter from Mike Dear colleagues, clients and friends, Over the past 19 years, the focus of our practice has been to help families achieve their wealth objectives by striving to mitigate risk and volatility, reduce taxes and minimize fees and costs. Our practice was founded by building long-term relationships with our clients, providing service, advice and consult that impacts the lives of our clients and their families. In light of this objective, I have been recognized by Five Star Professional and awarded the 2018 Five Star Wealth Manager Award, which is published in the Wall Street Journal and our local publication, San Diego Magazine. Candidates who qualify for the award must satisfy 10 criteria, including a regulatory and complaint history review, one and five-year client retention rate, total client assets administered, households served, and a thorough assessment of education and professional designations. It is a great honor to be nominated by my peers and selected for this award. As always, I appreciate your time as well as your confidence in me and my team as we continue to serve our clients, families and communities. We look forward to our continued relationship and our next conversation together. Warm regards, Mike
See the digital announcement here: http://publications.fivestarprofessional.com/books/eaxd/
Five Star Wealth Manager Criteria
Determination of Award Winners
Award candidares who satisfied 10 objective eligibility and evaluation criteria were name 2018 Five Star Wealth Managers.
Eligibility Criteria – Required
Credentialed as a registered investment adviser or a registered investment adviser representative
Actively employed as a credetialed professional in the financial services industry for a minimum of five years
Favorable regulatory and complaint history review
Fulfilled their firm review based on internal firm standards
Accepting new clients
Evaluation Criteria – Considered
One-year client retention rate.
Five-year client retention rate
Non-institutional discretionary and/or non-discretionary client assets administered
Number of client households served
Education and professional designations
As defined by Five Star Professional, the wealth manager has not:
Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine
Individually contributed to a financial settlement of a customer complaint
Been convicted of a felony
Within the past 11 years:
Been terminated from a wealth management or financial services firm
Filed for personal bankruptcy
Had more than a total of three settled or pending complaints filed against them (and no more than five total pending, dismissed, or denied) with any regulatory authority
Five Star Professional conducts a regulatory review of each nominated wealth manager using the Investment Adviser Public Disclosure (IAPD) website. Five Star Professional also uses multiple supporting processes to help ensure that a favorable regulatory and complain history exists. Data submitted through these processes was applied per the above criteria:
Each wealth manager who passes the Five Star Professional regulatory review must attest that they meet the definition of favorable regulatory history, based upon the criteria listed above.
Five Star Professional promotes via local advertising the opportunity for consumers to confidentially submit complaints regarding a wealth manager.
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2017-48319 Exp. 10/19