|Local Wealth Adviser Named to List of Best-in-State|
|11:35AM / Friday, March 22, 2019|
PITTSFIELD, Mass. — Stephen G. Sykes, managing director and senior vice president of wealth management with Raymond James & Associates, was among the Raymond James-affiliated advisers named to the Forbes list of Best-In-State Wealth Advisors.
The list, which recognizes advisors from national, regional and independent firms, was released online Feb. 20. The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews and quantitative data. Those advisers that are considered have a minimum of seven years' experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data.
Neither Forbes nor SHOOK receives a fee in exchange for rankings. This ranking is not indicative of adviser's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its financial advisers or RIA firms pay a fee in exchange for this award/rating.
Sykes, whose office is located at 7 North St. in Pittsfield, currently manages more than $295 million in client assets and specializes in providing comprehensive financial advisory and investment management services.