Industry Accolades

FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA's survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2020 to be included in the print edition of Financial Advisor magazine’s 2021 RIA survey. Firms with under $500 million will be included the FA’s expanded online RIA survey. For more information, visit the FA website at www.fa-mag.com.

Pensions & Investments’ “Best Places to Work in Money Management” award is conducted by research firm Best Companies Group (BCG). Participating firms and their employees complete surveys assessing corporate leadership, culture and communications, role satisfaction, work environment, relationship with supervisor, training, development and resources, pay and benefits and overall engagement. BCG analyzes the results and ranks participating firms, which must have an office in the United States, at least 20 employees and $100 million in discretionary regulatory assets under management, and have been in business for at least one year. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition. For more information and a complete list of recipients, visit https://www.pionline.com/best-places-work/10-years-success-and-record-100-winners.

The Boston Business Journal’s “Largest Investment Advisers in Massachusetts” ranking is based on each participating firms’ assets under management as of June 1, 2021. Only firms that choose to participate are ranked and included on the top 25 list. The award sponsor has not disclosed how many firms were survey or considered for this recognition, nor the percentage of total participants that ultimately received recognition. Award is not indicative of future investment performance nor represents client experience. For more information and a complete list of recipients, visit https://www.bizjournals.com/boston/subscriber-only/2021/07/08/largest-independent-investment-advisers.html.

In 2014, Financial Planning recognized Larry Glazer as Pro Bono Planner of the Year. Financial Planning Magazine created and conducted the survey for Pro Bono Planner of the Year. The award is presented to a financial advisor who has made a leadership contribution to a nonprofit organization by arranging for the group to receive dedicated professional financial services, including pro bono advice and financial life skills. Among other efforts, Larry was recognized for his founding and role as volunteer Chairman role of the Massachusetts Jump$tart Coalition for Personal Financial Literacy, membership on the Massachusetts State Treasurer’s Financial Literacy Task Force. Financial Planning does not disclose data related to the total candidate pool surveyed for this recognition.

For 2017-2020, the National Association of Plan Advisors (NAPA) included Mayflower Advisors on its national list of top defined contribution (DC) advisor teams. The “Top DC Advisor Teams” list is created and conducted by NAPA. Nominees must be individual advisor team/offices with a defined contribution (DC) book of business, in a single physical location. For consideration, firms submit self-reported responses, notably DC assets under advisement (AUA), with AUA threshold of $100 million. In 2020, 305 submissions were received and 300 were selected (98%). In 2019, 282 submissions were received; 265 were selected (94%). In 2018, 279 submissions were received; 257 were selected (92%). In 2017, 300 submissions were received; 275 were selected (92%). The full list of NAPA’s 2020 Top DC Advisor Teams is available at https://www.napa-net.org/news-info/daily-news/announcing-napa-top-dc-advisor-teams.

Forbes included advisors from the Mayflower team on its Best in State Wealth Advisors list 2018-2020. Forbes created and conducted the survey for the Forbes Best in State Wealth Advisors. Award nominees are identified by ranking algorithm is based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. In 2018, 25,732 candidates were considered for the award and more than 2,000 candidates received the award (approximately 8%). In 2019, 6,389 candidates were considered for the award and 250 candidates received the award (approximately 4%). In 2020, 32,000 candidates were considered for the award and more than 4,000 candidates received the award (approximately 13%).

In 2009, PlanSponsor recognized Steve Dimitriou as Retirement Plan Adviser of the Year. PlanSponsor created and conducted the survey for PlanSponsor Retirement Plan Adviser of the Year. Award nominations are solicited from advisors, their employers, plan sponsors and working partners (investment vendors, pension administrators, accountants, attorneys, etc.) and evaluated by qualitative factors, including input from clients, and quantitative factors that include the ability to impact plan participation, cost savings and service enhancements. PlanSponsor created and conducted the survey for Top 100 Retirement Plan Advisers. Advisers included in PlanAdviser Top 100 are taken from entries for the PlanSponsor Retirement Plan Adviser of the Year awards, with nominees evaluated solely on quantitative factors submitted during the same process, including ability to impact plan participation, cost savings and service enhancements.

Steve Dimitriou was included on Financial Times’ Top Financial Advisors (FT 401) ranking from 2015-2020. Financial Times created the Top Financial Advisors (FT 401) survey; Financial Times and Ignites Research contacted large U.S. brokerages, independent advisors and other wealth managers to identify qualified applicants. Broadridge Financial Solutions provided data that helped to identify candidates specializing in serving companies sponsoring DC plans, including 401(k) plans and other DC accounts. To qualify for the list, advisors must have 20% or more of their total client assets in DC plans. Qualified advisors are identified and evaluated by Ignites Research using a ranking algorithm based on seven broad factors: DC assets under management, growth in DC plans and assets, degree of specialization in the DC business, experience, participation rate in DC plans advised, industry certification and compliance record. In 2020, a total of 855 advisors applied for the award, of which 401 were selected (47%). In 2019, a total of 678 advisors applied for the award, of which 401 were selected (59%). In 2018, a total of 600 advisors applied for the award, of which 401 were selected (67%).

In 2019 and 2015-2017, the National Association of Plan Advisors (NAPA) included advisors from the Mayflower team on its annual list of Young Guns: Top Plan Advisers Under 40. Lowell Lyon was recognized in 2015, Joe Kendall in 2016 and Justin Londergan in 2017 and 2019. NAPA created and conducted the survey for its “Young Guns” award. Nominees are solicited and voted on by NAPA members with evaluation criteria that include current and new defined contribution assets under management and the number of defined contribution plans for the past 12 and 24 months. In 2015 and 2016, approximately 500 candidates were considered and 50 candidates received the award. In 2017, approximately 500 candidates were considered and 75 candidates received the award. In 2019, approximately 650 candidates were considered and 100 candidates received the award.

In 2019, Lowell Lyon was added to Forbes’ Top Next-Generation Wealth Advisor list. Forbes created and conducted the survey for the Forbes Top Next-Generation Wealth Advisors. Award nominees are evaluated with assistance from SHOOK Research and identified based on an algorithm of qualitative and quantitative criteria, including the following: in-person interviews, industry experience, compliance records, revenue produced and assets under management. In 2019, 6,389 candidates were considered for the award and 250 candidates received the award (approximately 4%).

Mayflower Advisors was included on the 2020 list of Boston’s Best and Brightest Companies to Work For®. On behalf of Best and Brightest Programs, an independent research firm evaluates participants in various categories that include human-resources related attributes, community initiatives, strategic company performance and more. Only companies that choose to voluntarily participate are considered for recognition, and participating companies are benchmarked against local and national participants. Best and Brightest programs does not disclose details about the total number of candidates and recipients of this award.

In 2015, Research Magazine recognized Larry Glazer with its Community Leadership Award. Among other efforts, Larry was recognized for his founding and role as volunteer Chairman role of the Massachusetts Jump$tart Coalition for Personal Financial Literacy, membership on the Massachusetts State Treasurer’s Financial Literacy Task Force.

Awards and recognitions evaluate neither client experience nor previous investment performance and are not indicative of future performance. No payment of fees was required in exchange for participation with any of the items noted above.