In a survey conducted recently by ABF, individual companies provided the total assets under their management.Â REDW Wealth, which began business in Albuquerque in 1997, reported $753.88 million in the total assets it manages â€“ which also makes the firm the largest locally owned firm participating in the survey. The two companies that reported total assets greater than REDW Wealth are headquartered elsewhere.
â€œWith our emphasis on developing long-term, collaborative partnerships with clients, we often receive requests for services that extend well beyond traditional investment management,â€ said Paul Madrid, Principal and Head of REDW Wealth. â€œOur deep local roots were established more than 60 years ago, and today our founders still inspire individuals, families and business owners in the Southwest to seek us out because of our credibility and inherent understanding.â€ He continued: â€œBut our growth is more than simply a numbers game. To us, the size or ranking of a firm is a confirmation of trust; that is, our clients trust our dedication to improving their financial well-being and enhancing their financial knowledge.â€
Steve Cogan, REDW Managing Principal, said: â€œIt is very gratifying to see our Wealth division continue to grow and stack up well against national firms. Beyond specific rankings, however, the inclusion on this list shows that our team is leading the way in client service and in adapting rapidly to an ever-changing demographic landscape with distinct needs and preferences.â€
*Albuquerque Business First disclosure:
Albuquerque Business First (ABF) annual survey is a ranking based on total assets under management at year-end of independent financial planners in the state of New Mexico. Only firms that fill out the invitation survey are included in the list; ABF does not guarantee that every firm in the state was included. The list is entirely done through ABF and American City Business Journals; no third parties or outside groups are involved. The main criteria to be included in the list is that the organization has to do the majority of their business as financial planning services, and that they have a presence in New Mexico.
This award does not evaluate the quality of services provided to clients and is not indicative of the practiceâ€™s future performance. It does not represent a client endorsement. Neither the firms nor their employees pay a fee to Albuquerque Business First in exchange for inclusion in the 2020 New Mexico Financial Planners ranking, nor was membership in any organization required.