Rankings & Awards
Barron's Magazine - 2019 America's Top 100 Independent Wealth Advisors
Forbes - 2019 America's Top Wealth Advisors
Forbes - 2020 Best-In-State Wealth Advisors
Forbes is a registered mark of Forbes LLC. Stack Financial Management Inc. (SFM) is not affiliated with Forbes. Data for the Forbes “Best-In-State Wealth Advisors” is developed by SHOOK Research. Each advisor considered for the award was nominated by their respective firm, then vetted and ranked by SHOOK Research. James Stack applied for consideration, and the result was independently granted. The Forbes “Best-In-State Wealth Advisors” ranking is based on an algorithm of qualitative criteria mostly gained through telephone and in-person due diligence interviews, and quantitative data. An advisor would meet basic requirements for consideration based on having a minimum of seven years experience, a minimum of one year at the current firm (with exceptions based on acquisitions, etc.), being nominated and recommended by a firm, completion of an online survey, over 50% of revenue/production must be with individuals, and an acceptable compliance record. The algorithm weights factors like revenue trends, assets under management, compliance record, industry experience, and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.
In developing its applicant pool, SHOOK sets thresholds to limit nominations for consideration. For “Best-In-State Wealth Advisors” as of January 2020, Forbes and SHOOK received nearly 32,000 nominations (based on SHOOK thresholds), invited 7,556 candidates to complete the online survey, conducted 11,864 telephone interviews, and conducted 2,336 in-person interviews at the Advisor’s location. Forbes recognized more than 4,000 top advisors in 2020, in which James Stack was ranked #1 in Montana.
Neither Forbes nor SHOOK receive a fee or require membership in exchange for rankings. Accordingly, neither SFM, James Stack, nor any other participating advisors paid a fee to be eligible for the “Best-In-State Wealth Advisors” ranking. Based on its stated methodology, SHOOK does not name advisors if the ratings are not statistically valid; and there are no facts that would call into question the validity of the inclusion on the “Best-In-State Wealth Advisors” ranking or the appropriateness of SFM advertising the same. By considering the compliance record, eligibility to appear on the ranking seeks to ensure that a participating advisor has an established and significant history and record free from regulatory sanctions. SFM is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the above ranking. By virtue of disclosing the ranking, SFM is disclosing favorable ratings (to the extent that Mr. Stack is ranked above other advisors) and unfavorable ratings (to the extent that Mr. Stack is ranked below other advisors). The ranking may not be representative of any one client’s experience because of the way in which it is calculated. The ranking is absolutely not indicative of SFM’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments, nor should it be construed as a current or past endorsement by any of its clients. Additional information regarding the above ranking for 2020 is available at the following links: