STEPHENVILLE — Five Star Professional is pleased to announce Doug McLemore, McLemore Financial Group, has been chosen as one of the Dallas/FortWorth’s Five Star Wealth Managers for 2016.
Five Star Professional partnered with Texas Monthly to recognize a select group of Dallas/Fort Worth-area wealth managers who provide quality services to their clients. Doug McLemore is featured, along with other award winners, in a special section of the August issue.
“We work primarily with individuals and small business owners to help them in three areas: Simplify their financial lives and achieve their dreams, generate the necessary income to sustain the lifestyle they deserve now and in retirement, and build a legacy for the ones they love and the things they care about,” says Doug McLemore of McLemore Financial Group.
“The Five Star Wealth Manager award program is the largest and most widely published wealth manager award program in North America. The award is based on a rigorous, multifaceted research methodology, which incorporates input from peers and firm leaders along with client retention rates, industry experience and a thorough regulatory history review.
“I feel that this profession is truly about helping people and it means a great deal to be recognized for providing that kind of service,” says McLemore. “I take great pride in what I do and it is a true honor to receive this award. My focus is on providing excellent service to my clients, helping them to balance the realities of today and work toward their hopes and dreams for tomorrow.”
“The research behind this award is extensive with each wealth manager being thoroughly vetted from numerous angles. We are proud to showcase these distinguished professionals,” stated Jonathan Wesser, research director, Five Star Professional.
The Fie Star Wealth Manager award, administered by Crescendo Business Services, LLC (dab Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of five years; 3. Favorable regulatory and complaint history review (unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients; 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations.
Wealth managers do not pay a fee to be considered or awarded. Once awarded wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. There were 2,471 Dallas/Fort Worth wealth managers considered for the award; 678 (28 percent of candidates) were named 2016 Five Star Wealth Managers.
To qualify as having a favorable regulatory complaint history, the person cannot hav: 1. been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine; 2. had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five star Professional’s consumer complaint process; 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authority; 4. filed for bankruptcy, or; 5. been convicted of a felony.
For research methodology information, visit www.fivestarprofessional.com.