WE Family Offices Recognized by InvestmentNews

January 7, 2021

We are pleased to announce that WE Family Offices has been recognized as the second-largest registered investment advisor (RIA) in the South by InvestmentNews. For its annual review of RIAs, InvestmentNews divided participating firms into four regions: The Northeast, West, Midwest and South. InvestmentNews then ranked the top fee-only firms in each region by assets under management (AUM).

“Our firm is honored to have our commitment to our clients recognized by InvestmentNews, especially during a time when the industry is evolving and innovating in response to the COVID-19 pandemic,” WE Family Offices Managing Partner Michael Zeuner said in response to the firm’s achievement.

This achievement comes at a time when competition among RIAs is heating up in the southern part of the United States. According to InvestmentNews, RIAs in the South experienced an average growth rate of 14.1%, while firms based in and around major metropolitan areas of New York, Boston and Philadelphia shrunk at an average annual rate of 0.6%. While numerous factors contributed to this regional discrepancy, the COVID-19 pandemic’s impacts on business opportunities in the North, combined with the South’s lower state taxes and warm weather, seem to play a significant role.

Click here to view the entire RIA ranking and its corresponding article in the December issue of InvestmentNews.