Goldline Research Sees Intense Competition in Northern California Wealth Management Market

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 24, 2009 -- Goldline Research has recently completed an in-depth review of the wealth management market in Northern California. The survey revealed that the wealth management market in Northern California is more competitive than nearly any other region in the U.S. This research was compiled from data collected between April 2009 and July 2009 through evaluations and interviews of nearly 2,900 wealth management professionals in Northern California.

“The Northern California region has more households earning more than $100,000 per year than most other areas of the U.S.,” said Ryan Kluft, President, Goldline Research. “This level of affluence has attracted a substantial number of wealth management professionals. There are almost 3,000 wealth management professionals in the region that hold the CFP® designation. This equates to approximately 1 CFP® for every 4,500 people, the highest per capita concentration of financial planners in any area of the U.S.”

Goldline Research’s report reveals the following about the typical wealth management firm in Northern California:
• Median Years of Experience: 21.0 years
• Median AUM: $48.0 million
• Median Number of Investment Advisors/Firm: 1
• Median Number of Support Staff: 3
• Median Number of Clients: 60
• Median Client: Advisor Ratio: 45:1
• Median Assets Managed/Client: $1.5 million

“From a consumer perspective, the high concentration of wealth management professionals can be a double-edged sword. On one hand, a large number of wealth management professionals empowers consumer choice. On the other hand, the abundance of options and a lack of differentiation among many of these firms can add a level of complexity to the decision-making process,” added Mr. Kluft.

Additional information is available in the Goldline Research report entitled “2009 Research Findings Report – Wealth Managers – Northern California”. This report provides a comprehensive overview of the wealth management market in Northern California and is designed to provide both consumers and wealth management professionals and firms with key industry benchmarks and market trends.

About Goldline Research

Goldline Research is a third-party, independent research firm specializing in evaluating professional services providers. Goldline Research undertakes an extensive, in-depth research process to review all qualified candidates in a respective area. Its proprietary research process includes individual provider interviews and quantitative analysis of key data, as well as customer reference checks to confirm high levels of customer service. Those providers that earn Goldline Research’s certification demonstrate a commitment to service unparalleled in their industry.

Contact:
Ryan Kluft
Goldline Research
415-892-9400
rkluft@goldlineresearch.com
www.goldlineresearch.com

More information can be found online at http://www.goldlineresearch.com

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