Forbes' 2024 Best-In-State Wealth Advisors Team
The Forbes Best-in-State Wealth Advisors rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a rating. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Forbes Best-in-State Wealth Advisors
2024 Forbes Best-In-State Wealth Advisors: Awarded April 2024; Data compiled by SHOOK Research LLC based on the time period from 6/30/22 - 6/30/23 (Source: Forbes.com). 2023 Forbes Best-In-State Wealth Advisors: Awarded April 2023; Data compiled by SHOOK Research LLC based on the time period from 6/30/21 - 6/30/22 (Source: Forbes.com). 2022 Forbes Best-In-State Wealth Advisors: Awarded April 2022; Data compiled by SHOOK Research LLC based on the time period from 6/30/20 - 6/30/21 (Source: Forbes.com). The Forbes Best-in-State Wealth Advisors rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
America's Top Women Advisors
The Forbes Top Women Wealth Advisors Best-in-State rating algorithm is based on the previous year's industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Forbes Top Next-Gen Wealth Advisor
Pari was named in 2022 & 2023 Forbes Top Next-Gen Wealth Advisors!
The Forbes Top Next-Gen Wealth Advisors rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a rating. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Platinum Council
2024 Wells Fargo Advisors Platinum Council (WFA Version) - new name as of 1/1/2023, previously Premier Advisor. Robert has achieved a Sapphire level.
2023 Wells Fargo Advisors Platinum Council (WFA Version) - new name as of 1/1/2023, previously Premier Advisor. Robert has achieved an Emerald level, and Pari has achieved a Pearl level.
The Platinum Council (previously known as Premier Advisor) distinction is held by a select group of Financial Advisors within Wells Fargo Advisors as measured by completion of educational components, business production based on the past year, and professionalism. Additional criteria, best practices and team structure, may also be used to determine recipients.
Each level of the Platinum Council is based on gross revenue as of December 31 the previous year. All levels must complete the same requirements otherwise. Levels are defined, from top to bottom, as: Diamond – Top 25 Financial Advisors, Ruby – Top 2% (including Diamond recipients), Emerald – Next 5%, Sapphire – Next 8%, Pearl – Best Practice Adopters with a minimum production $750k.
Premier Advisors
Both Robert and Pari have received the Premier Advisor recognition throughout their careers at Wells Fargo Advisors. Robert has received it every year from 2013–2022, and Pari has been named a Premier Advisor from 2018–2022. The Premier Advisor distinction is held by a select group of Financial Advisors within Wells Fargo Advisors as measured by completion of educational components, production based on either of the past two years, and professionalism. Additional criteria, including length of service, may also be used to determine recipients.
Five Star Wealth Manager
2023 FIVE STAR WEALTH MANAGER
The Five Star Wealth Manager award was issued on 11/01/2023 by Five Star Professional (FSP) for the time period 2/13/2023 through 8/31/2023. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 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. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future . 3,885 Philadelphia-area wealth managers were considered for the award; 328 (8% of candidates) were named 2023 Five Star Wealth Managers.
2022 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2022 by Five Star Professional (FSP) for the time period 02/21/22 through 08/19/22. 3604 Philadelphia wealth managers were considered for the award; 305 (8% of candidates) were named 2022 Five Star Wealth Managers.
2021 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2021 by Five Star Professional (FSP) for the time period 01/18/2021 through 09/03/2021. 3576 Philadelphia wealth managers were considered for the award; 310 (9 % of candidates) were named Five Star Wealth Managers.
2020 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2020 by Five Star Professional (FSP) for the time period 02/10/2020 through 09/11/2020. 4148 Philadelphia wealth managers were considered for the award; 366 (9 % of candidates) were named Five Star Wealth Managers.
2019 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2019 by Five Star Professional (FSP) for the time period 02/11/2019 through 09/20/2019. 3910 Philadelphia wealth managers were considered for the award; 437 (11 % of candidates) were named Five Star Wealth Managers.
2018 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2018 by Five Star Professional (FSP) for the time period 02/20/2018 through 09/19/2018. 3721 Philadelphia wealth managers were considered for the award; 439 (12 % of candidates) were named Five Star Wealth Managers.
2017 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2017 by Five Star Professional (FSP) for the time period 1/20/2017 through 09/08/2017. 3022 Philadelphia wealth managers were considered for the award; 437 (14 % of candidates) were named Five Star Wealth Managers.
2016 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 10/01/2016 by Five Star Professional (FSP) for the time period 03/05/2016 through 10/07/2016. 2671 Philadelphia wealth managers were considered for the award; 660 (25 % of candidates) were named Five Star Wealth Managers.
2015 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2015 by Five Star Professional (FSP) for the time period 03/05/2015 through 09/09/2015. 4696 Philadelphia wealth managers were considered for the award; 805 (17 % of candidates) were named Five Star Wealth Managers.
2014 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon and Pari Magura on 11/1/2014 by Five Star Professional (FSP) for the time period 03/05/2013 through 09/9/2013. 4438 Philadelphia wealth managers were considered for the award; 856 (19 % of candidates) were named Five Star Wealth Managers.
2013 FIVE STAR WEALTH MANAGER
Award issued to Robert Salon on 10/1/2013 by Five Star Professional (FSP) for the time period 03/05/2012 through 09/09/2012. 3354 Philadelphia wealth managers were considered for the award; 934 (28 % of candidates) were named Five Star Wealth Managers.
Robert is also a Senior PIM Portfolio Manager,2 a designation that gives him the ability to conduct discretionary investment management on behalf of his clients.
Pari is an experienced public speaker in the financial arena, some of her speaking engagements include: Wharton’s MBA Program, Independence Blue Cross, Hangley Aronchick, Wells Fargo, 100 Women in Hedge Funds, National Multiple Sclerosis Society, Morgan Stanley’s Best Practices Conferences, University of Pennsylvania, National Association of Women Business Owners, The Junior League, Women in Investment Services, The Walnut Club & The Philadelphia Bar Association.
The Salon Magura Wealth Management team is available for public speaking events, for more information contact us.
Upcoming Events
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1 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. For 2021, 3,576 Philadelphia wealth managers were considered for the award; 310 (9% of candidates) were named 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.
2020: 4,148 Philadelphia wealth managers were considered for the award; 366 (9% of candidates) were named Five Star Wealth Managers. 2019: 3,910 considered, 437 winners (11% of candidates); 2018: 3,721 considered, 439 winners (12% of candidates); 2017: 3,022 considered, 437 winners (14% of candidates); 2016: 2,671 considered, 660 winners (25% of candidates); 2015: 4,696 considered, 805 winners (17% of candidates); 2014: 4,438 considered, 856 winners (19% of candidates); 2013: 3,354 considered, 934 winners (28% of candidates); 2012: 2,847 considered, 773 winners (27% of candidates).
2 The PIM program is not designed for excessively traded or inactive accounts, and may not be suitable for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. The minimum account size for this program is $50,000.