FP Financial Services Recognized by Leading Financial Advice Industry Media as a Top Wealth Management Firm
Posted on: Tuesday, 28 July 2009, 08:00 CDT
Local Independent Advisory Firm Achieves Distinction in Recent Surveys in Wealth Manager, Financial Advisor Magazines
PALATINE, Ill., July 28 /PRNewswire/ -- FP Financial Services, Inc., a provider of financial advisory services to the communities of Northern Illinois, today announced that it was named a top provider of wealth management services by two leading financial services industry publications. Wealth Manager listed FP Financial Services as one of the nation's top 500 wealth managers (1) and Financial Advisor listed the firm in its top Registered Investment Advisor (RIA) ranking.
"Our firm is honored to receive national recognition from the experts who most closely follow our industry for providing sound financial advice and steady counsel during turbulent times to the citizens of Northern Illinois," said Frank Patzke, President of FP Financial Services. "Despite the difficult economic climate, our business continues to prosper, which we believe is a strong validation of our clients' continued trust that we will help them weather the storm. This is a trust that forms the cornerstone of our commitment to provide nothing less than the highest quality of advice and support to the clients we are privileged to serve."
According to the July/August edition of Wealth Manager, the strongest wealth management firms have grown their business despite the recession. The magazine's ninth annual survey determined that although market conditions were extremely challenging and a majority of firms' overall assets under management (AUM) were lower, about 12 percent of firms gained in total AUM as reported through December 31, 2008.
Financial Advisor published it's the fourth annual ranking of independent advisory firms that offer financial planning and related services in its July issue. The magazine's goal is to identify the largest independent advisory firms in the country and to spotlight the characteristics and practices that have made them successful.
About FP Financial Services, Inc.
FP Financial Services, Inc. is a Registered Investment Advisory firm that was founded in 1993. Based in Palatine, Ill., FP Financial Services specializes in financial consulting and advising for retirees and single adults across Northern Illinois. The firm is comprised of seven investment professionals who serve over 200 clients. As of July 2009 the firm had $115 million in assets under management.
Securities offered through LPL Financial, Member FINRA/SIPC
Financial Planning offered through FP Financial Services
(1) Ranking based on average assets under management per client.
Contact: Danielle Ackerman (847) 330-9911 danielle.ackerman@lpl.comSOURCE FP Financial Services, Inc.
Source: PR Newswire
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