Nick Chlumsky.jpgNick Chlumsky Receives Five Star Wealth Manager Award

Crescendo Business Services, LLC has once again conferred  a Fort Myers financial advisor. Nick Chlumsky, CFP®, CRPC®, First Vice President - Investment Officer for Nolte Wealth Management Group of Wells Fargo Advisors, has received the Five Star Wealth Manager award for 2019. 

“I’m honored to be chosen”,” Chlumsky said. “At the Nolte Group, we focus our dedication to the people we serve.”
The Five Star award program is the largest and most widely published wealth management award program in North America, covering more than 45 major markets. Award winners cannot pay a fee to be included in the research or the final list of award recipients.

This is the fifth time in six years that Chlumsky has won the award. He was also selected as a Wells Fargo Advisors Premier Advisor in 2019, a designation held by a select group of Financial Advisors within the Firm as measured by three or more of the following: length of service with the firm, completion of educational components, business production and professionalism.
“A lot of people have questions about the investment climate these days, so it’s important now more than ever to have an advisor you can trust,” Chlumsky said. “I relish the opportunity to share what I’ve learned and help clients feel more confident about their future.”

Chlumsky joined A.G. Edwards, a predecessor firm of Wells Fargo Advisors, in 2007. He’s a graduate of Stetson University with a bachelor’s degree in business administration, and he earned his Master of Science in business management with honors from Hodges University. He and his wife Lisa have been married for 18 years and have three children, ranging in age from 9 to 18.

About Five Star Wealth Advisors

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba 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 5 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. 707 Southwest Florida wealth managers were considered for the award; 68 (10 percent of candidates) were named 2019 Five Star Wealth Managers. *To qualify as having a favorable regulatory and complaint history, the person cannot have: 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. In 2014, 883 Southwest Florida wealth managers were considered for the award; 142 (approximately 17 percent of the award candidates) were named Five Star Wealth Managers. In 2015, 685 Gulfshore wealth managers were considered for the award; 161 (24 percent of candidates) were named Five Star Wealth Managers. In 2016, 426 Southwest Florida wealth managers were considered for the award; 128 (31 percent of candidates) were named Five Star Wealth Managers. In 2017, 477 Southwest Florida area wealth managers were considered for the award; 124 (26 percent of candidates) were named 2017 Five Star Wealth Managers.



James Nolte named Five Star Wealth Manager

James A. Nolte.jpg

James Nolte, CFP®, Managing Director-Investment Officer and founder of Nolte Wealth Management Group of Wells Fargo Advisors, has been named a Five Star Wealth Manager for the seventh time in eight years. Five Star Professional is the largest and most widely published wealth management award program in North America, covering more than 45 major markets.

“It’s always affirming to receive an honor like this”, Nolte said. “I want to make sure every client of the Nolte Group knows we’re committed to helping them set and exceed their goals."
Five Star awards are based on a rigorous selection process derived from peer nomination and a multi-tiered review. Award winners cannot pay a fee to be included in the research or the final list of award recipients. Two of the criteria Five Star uses involve client retention, a key component for Nolte, who takes pride in nurturing long-term client relationships.
“I’m proud to say we have multiple generations of families who have all become clients of our group,” Nolte said. “I wanted to create a family office atmosphere where clients are comfortable calling me to ask any questions they have pertaining to their finances.”

Nolte began his financial services career in 1975 in Fort Myers. In 1979, he became the second Certified Financial Planner in Lee County. He continued to grow his career from there, becoming a regional branch manager for A.G. Edwards. In 2006, James retired from management and founded the Nolte Wealth Management Group.

About Five Star Wealth Advisors

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba 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 5 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. 707 Southwest Florida wealth managers were considered for the award; 68 (10 percent of candidates) were named 2019 Five Star Wealth Managers. *To qualify as having a favorable regulatory and complaint history, the person cannot have: 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. In 2012, 590 Gulfshore (FL) wealth managers were considered for the award; 164 (approximately 28 percent of the award candidates) were named Five Star Wealth Managers. In 2013, 651 Gulfshore (FL) wealth managers were considered for the award; 158 (approximately 25 percent of the award candidates) were named Five Star Wealth Managers. In 2014, 883 Southwest Florida wealth managers were considered for the award; 142 (approximately 17 percent of the award candidates) were named Five Star Wealth Managers.  In 2015, 685 Gulfshore wealth managers were considered for the award; 161 (24 percent of candidates) were named Five Star Wealth Managers. In 2017, 477 Southwest Florida area wealth managers were considered for the award; 124 (26 percent of candidates) were named 2017 Five Star Wealth Managers. In 2019, 707 Southwest Florida wealth managers were considered for the award; 68 (10 percent of candidates) were named 2019 Five Star Wealth Managers.