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Forbes Names Erin Hay, CFA, Nate Tonsager, CIPM, and Jessica Gibbs, CFP® Among the Top Next-Gen Wealth Advisors in Virginia
Monument Wealth Management is pleased to announce that three of our wealth advisors, Nate Tonsager, CIPM, Jessica Gibbs, CFP®, and Erin Hay, CFA, have been awarded by Forbes as Top Next-Gen Wealth Advisors Best-In-State!
According to Forbes, “Robo-Advisors and artificial intelligence may not be the biggest threat to the wealth management business but aging advisors with inadequate succession plans may very well be.” In fact, J.D. Power found that the average age of a financial advisor is 56 years old, with 20% of the workforce planning to retire within the next five years. This means that wealth advisors must prioritize succession planning to serve the best interests of their clients.
In August 2023, Forbes recognized 1464 advisors under forty years old that stand out in the industry. Nate was listed 17th in Virginia with Jessica ranked 18th. This is the second Forbes recognition this year for Jessica after appearing on the Forbes Best-In-State Women Advisors 2023 list in March. Erin was ranked 24th in the state.
You can view the full list of Forbes’ Top Next-Gen Wealth Advisors Best in State, here.
The Methodology:
Formulating the list of the most impactful next-generation advisors comes from both quantitative and qualitative components by Forbes and SHOOK Research. The qualitative data was conducted by interviewing, surveying, and calling thousands of individual advisors across the country. Quantitative data from an algorithm studied the length of experience in the industry, the portfolio of assets managed, and trends in growth and revenue. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.
SHOOK sets thresholds to ensure it receives only the highest quality – they’re not looking for hundreds of thousands of nominations. As such, the research consisted of:
- 42,108 nominations received, based on high thresholds and qualifications
- 22,874 invited to complete online survey
- 17,996 telephone interviews
- 3,859 in-person interviews at advisors’ locations
- 1,487 web-based interviews
- 3,738 individuals considered for our Next-Gen ranking
For all of the details on the methodology used by SHOOK Research, click here.
Beyond the Rankings
It’s an amazing honor to be recognized by Forbes but at the end of the day, it’s our clients’ opinions that mean the most. Check out our Google Reviews to see what our clients have to say about us, in their own words. Helping high-performing business owners and executives untap their potential for wealth is what we do, and their success is what matters most to us.
Want to keep up with our Next-Gen leaders? You can find Jessica, Nate, and Erin on LinkedIn.
IMPORTANT DISCLOSURE INFORMATION
Please remember that past performance is no guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Monument Capital Management, LLC [“Monument”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Monument. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. No amount of prior experience or success should be construed that a certain level of results or satisfaction will be achieved if Monument is engaged, or continues to be engaged, to provide investment advisory services. Monument is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice.
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