Loring Advisory Group, a wealth management firm in Smithfield, RI, today announces that its Principal, Nick Loring, CFP®, CIMA®, MBA, CRPC®, CRPS®, has been named to the Forbes’ Best-In-State Next-Gen Wealth Advisors list for 2019. The list was published on Forbes.com.
Nick joined Loring Advisory Group in 2013 after being previously affiliated with Merrill Lynch. Prior to his time with Merrill, he was on active duty serving in the US Army, where he was awarded a bronze star for his service during Operation Iraqi Freedom. Nick primarily works with individuals, families, business owners, non-profit corporations and millennials to craft holistic, comprehensive strategies in order to help them meet their financial goals. Nick has been previously recognized by InvestmentNews in their 2018 40 under 40 list*, Forbes in their 2017 Top 500 Next-Gen Advisors list, and as a Five Star Wealth Manager in 2017, 2018, and 2019**.
Wayne Bloom, CEO of Commonwealth Financial Network®, Loring Advisory Group’s Registered Investment Adviser–broker/dealer, said, “Congratulations to Nick Loring on being recognized by Forbes. The future of the financial advice industry is bright, and Nick—and Loring Advisory Group—will undoubtedly continue to make a positive impact. We remain committed to providing the solutions the next generation of financial advisors need to power their journey and add time back into their day so they can focus on their clients.”
Nick said “I would like to take this opportunity to thank our clients. Without their unwavering commitment to our process and our firm, none of this would be possible. I would also like to thank the team at Loring Advisory Group. This award is as much of a reflection of their hard work and dedication as it is mine, and I very much appreciate the support and enthusiasm that they bring to the firm on a day to day basis.”
The 2019 ranking of Forbes’ Best-In-State Next-Gen Wealth Advisors(1) recognizes advisors born in 1980 or later with a minimum of four years of experience. Advisors were rated based on a proprietary algorithm of qualitative and quantitative criteria: assets under management, revenues generated for their firms, client retention, industry experience, credentials, and compliance records. SHOOK Research also employs an opinion-based weighting system that prioritizes its preferred “best practices,” which include business models, activities, processes, and structure. Overall, 6,389 advisors were considered, and 1,495 (23 percent of candidates) were recognized. Visit https://www.forbes.com/sites/rjshook/2019/06/25/2019-top-next-gen-wealth-advisors-methodology/#6a6974d55630 for the full methodology(2) that Forbes developed in partnership with SHOOK Research.
About Loring Advisory Group
Loring Advisory Group has been providing individuals and organizations with financial guidance since 1996. Located at 600 Putnam Pike Greenville, RI 02828 + (401) 949-4196, the firm prides itself on crafting unique strategies for each client. For more information, please visit www.loringadvice.com. Securities and Advisory Services offered through Commonwealth Financial Network; Member FINRA/SIPC; A Registered Investment Advisor.
(1)This recognition and the due-diligence process conducted are not indicative of the advisor’s future performance. Your experience may vary. You are encouraged to conduct your own research to determine if the advisor is right for you.
(2)Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings.
*2018 InvestmentNews: 40 under 40 List: Nominations were solicited from InvestmentNews readers and financial planning industry professionals. Nominees must be 39 or younger and are judged, by the editors of InvestmentNews, on their accomplishments, industry contributions, leadership, and promise (passion, enthusiasm, and ideas). Approximately 1,000 advisors were considered. 4% of candidates were named to the list. Individuals were selected solely based on the subjective opinions of InvestmentNews’ editors and are not indicative of the advisor’s future performance. Your experience may vary. For more information, please visit https://www.investmentnews.com/section/40-under-40/2018/about
**Five Star Wealth Manager Award is based on 10 objective eligibility and evaluation criteria, including a minimum of 5 years as an active credentialed financial professional, favorable regulatory and complaint history, accepts new clients, client retention rates, client assets administered, education, and professional designations. 568 Rhode Island Wealth managers were considered for the award; 131 (23% of candidates) were named 2019 Five Star Wealth Managers (The criteria provided reflects the most recent year for which advisor received the award. The criteria used, the number of wealth managers considered for the award, and the percentage of those who receive the award, may vary from year to year). These awards are not indicative of the wealth managers’ future performance. Your experiences may vary. For more information, please visit www.fivestarprofessional.com.