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Essex Financial Named a Top 100 RIA Firm by Forbes

Submitted by Donna Glaras, Essex Financial

(November 2, 2022) —On October 25, 2022, SHOOK Research announced that Essex Financial has been selected as one of the Top 100 Registered Investment Advisory Firms in the United States for 2022 by Forbes.­

“We could not be happier and be more honored with the recognition of our firm by Forbes. The inclusion in this very comprehensive and competitive list is a testament to the hard work done each day by our financial advisors and staff on behalf of our clients,” stated Chuck Cumello, President and CEO of Essex Financial.

The Forbes ranking of America’s Top RIA Firms, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. The algorithm weighs factors such as revenue trends, assets under management, compliance records, industry experience and those that encompass best practices and approach to working with clients. Portfolio 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.

Since 2003, Essex Financial has distinguished itself by providing value to its clients through a hands-on, highly personalized approach to their wealth management and financial planning needs. Today, it is one of the largest independent Registered Investment Advisory firms in Connecticut with $2.9 billion in assets under management or administration. Essex Financial operates as a subsidiary of Essex Savings Bank, with twenty financial advisors and office locations in Essex, Farmington, Madison and Southport, providing comprehensive financial planning and wealth management services to more than 2,500 households & businesses in Connecticut and beyond.

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