Experienced financial advisor Micah Scheinberg serves as the managing director of Alex Brown, A Division of Raymond James. Raymond James is a financial advisory based in St. Petersburg, Florida. An expert in alternative investments, private equity, and hedge funds, Micah Scheinberg has consistently been among Barron’s Top 1200 Advisors. He was listed at No. 101 in California in the 2020 Top 1200 Advisors.
Every year, Barron’s publishes updated lists of the country’s top financial advisors in four categories: the Top 100, the Top 100 Women Advisors, the Top 100 Independent Advisors, and the Top 1200 Advisors. The rankings seek to raise the industry’s standards for financial advisors, and to help members of the public identify the country’s best financial advisors. Wealth management professionals use the rankings as an industry scorecard, while investors use the rankings as a tool to help them find appropriate financial guidance.
Financial advisors who wish to be included in the rankings fill out a comprehensive survey composed of 102 questions about their practice. The answers are then applied to a ranking formula that features three major areas of calculation: the volume of assets that the applicant and his or her team oversees, the revenues that these assets generate for the firms, and the overall quality of the advisor’s practice.
The ranking also uses other multiples for each major area of calculation stated above. For example, the system looks into the types of assets that the advisors manage, such as whether these assets are institutional or private assets. Regarding quality of practice, client retention is also considered. Qualitative metrics are also looked into, such as the applicants’ depth of experience, philanthropic activities, and compliance with regulations. The ranking system assigns 100 points to the highest ranking advisor. The rest of the applicants are ranked according to how each one compares to the top-ranked advisor.
Every year, Barron’s publishes updated lists of the country’s top financial advisors in four categories: the Top 100, the Top 100 Women Advisors, the Top 100 Independent Advisors, and the Top 1200 Advisors. The rankings seek to raise the industry’s standards for financial advisors, and to help members of the public identify the country’s best financial advisors. Wealth management professionals use the rankings as an industry scorecard, while investors use the rankings as a tool to help them find appropriate financial guidance.
Financial advisors who wish to be included in the rankings fill out a comprehensive survey composed of 102 questions about their practice. The answers are then applied to a ranking formula that features three major areas of calculation: the volume of assets that the applicant and his or her team oversees, the revenues that these assets generate for the firms, and the overall quality of the advisor’s practice.
The ranking also uses other multiples for each major area of calculation stated above. For example, the system looks into the types of assets that the advisors manage, such as whether these assets are institutional or private assets. Regarding quality of practice, client retention is also considered. Qualitative metrics are also looked into, such as the applicants’ depth of experience, philanthropic activities, and compliance with regulations. The ranking system assigns 100 points to the highest ranking advisor. The rest of the applicants are ranked according to how each one compares to the top-ranked advisor.
