Submitted by Atensia Dal Pra
(October 12, 2023) — On October 10, 2023, SHOOK Research announced that Essex Financial has been selected as one of its Top Registered Investment Advisory Firms in the United States for 2023 by Forbes.
“We are honored to be recognized among the nation’s top Registered Investment Advisory firms for the second consecutive year by Forbes,” said Chuck Cumello, President and CEO of Essex Financial. “This achievement is a wonderful reflection of our financial advisors and our entire team’s unwavering commitment to our clients’ financial well-being and our relentless work on their behalf. We look forward to continuing to provide innovative and personalized financial solutions that empower our clients to achieve their financial goals.”
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 like 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 receive 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 $3.2 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 2,700 households and businesses in Connecticut and beyond.
