Boise, ID. February 25, 2014 —Robert Rathbone was ranked among Barron’s Top 1,200 Financial Advisors for 2014, as announced in the weekly magazine’s February 24th issue. Rathbone was ranked #1 in the state of Idaho.
Rathbone's serious about taking care of his clients-even when he's no longer around to do it personally. The 33-year-veteran advisor is actively grooming several 20- and 30-something successors to ensure clients won't miss a beat after his eventual retirement. "The best thing we've done here is to set a generational transition in motion," says Rathbone, 54. "After I get old and can't make it in to the office anymore, our clients are going to have continuity." Not that Rathbone is slowing down anytime soon: He's busy preparing clients for the double whammy of taxes and the inflation that he sees ahead. These days, Rathbone and his 12-person team like "parts of the market that have been, or are being, clobbered." That includes mining stocks, which Rathbone purchased at the end of last year. Rathbone's team manages portfolios in-house, both to save clients’ money and to raise accountability. "The buck stops on our desk," he says.
Winner's Circle, a Barron’s research organization, produced the rankings based on data provided by over 4,000 of the nation’s most productive advisors. Among the factors considered for the rankings are assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Institutional assets are given less weight in the scoring. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment –picking abilities. The number of advisors shown for each state is based on the total population of the state, so larger states have larger listings. The rankings reflect assets under management, revenues, quality of the advisors’ practices and other factors. Total assets are all assets overseen by the advisor’s team, including some that are held at other institutions. Assets managed for institutions are given less weight in the scoring. Portfolio performance is not a criterion because most advisors do not have audited track records. Criteria was based on more than 3000 filtered nominations from more than 100 investment, insurance, banking and other related independent financial service firms.