Jeffrey Fratarcangeli, managing principal of Fratarcangeli Wealth Management of the Wells Fargo Advisor Financial Network, was ranked third in Michigan on Forbes’ 2020 Best-In-State Wealth Advisor list. Fratarcangeli rose four spots from 2019, and his practice is recognized in the state.
Fratarcangeli was included in the Forbes Top Wealth Advisor list for three consecutive years. The list includes 250 advisors in the U.S.
“We have seen tremendous growth, with our assets under management increasing 200 percent in the past five years,” Fratarcangeli says. “I attribute our practice’s growth to our team’s commitment to creating a customized approach and building a foundation of trust to help the individuals, businesses, and families we work with attain their financial goals.”
The Forbes ranking, developed by SHOOK research, is based on an algorithm of qualitative criteria gained through telephone and in-person due diligence interviews and quantitative data. More than 32,000 nominations were received.
Advisors that are considered have a minimum of seven years of experience, and the algorithm weighs factors such as revenue trends, assets under management, compliance records, industry experience, and those that encompass suitable practices in their practices and approach to working with clients.
As of January, Fratarcangeli and his team manage more than $1.8 billion in assets. Clients include high net-worth families, athletes and entertainers, publicly traded companies, foundations, government agencies, and more. The practice in comprised of 14 individuals.