Duprez Financial

CONNECT

Address:

2411 N. Oak Street Suite 305 S
Myrtle Beach, SC 29577

Phone:

843-445-6124

Fax/Other:

843-443-3153

Recent Honors

Michael M. Duprez

South Carolina 2011 5 STAR Wealth Manager

 Well over half of the consumer responses in South Carolina metropolitan areas indicated it is difficult to find a wealth manager they trust and rely on.(1) Wealth managers, broadly defined, are those individuals who help you manage your financial world and/or implement aspects of your financial strategies. Common examples of wealth managers are financial advisors, financial planners, investment advisors, tax advisors, estate planning attorneys, etc.

     With more than 6,300 wealth managers (2) in South Carolina metropolitan areas, how do you find someone who listens to you, represents your interests and operates with an emphasis on integrity and service?  SCBIZ magazine, Charleston Regional Business Journal, Columbia Regional Business Report and GSA Business can help. The publications formed a partnership with Crescendo Business Services to find out which wealth managers scored the highest in overall satisfaction.

The Selection Process

Crescendo administered  a survey, by mail and by phone, to approximately 1 in 4 high-net-worth households (3) (over 61,000 households) and identified all FINRA registered representatives (over 2,100 financial services professionals) within SC metro areas.

      On the surveys, recipients were asked to evaluate only wealth managers through personal experience and to evaluate them based on nine criteria: customer service, integrity, knowledge/expertise, communication, value for fee charged, meeting of financial objectives, post-sale service, quality of recommendations and overall satisfaction.

     Both positive and negative evaluations were included in the scoring, and only wealth managers with more than five years of experience in the financial services industry were considered.

     Next, each wealth manager was reviewed for regulatory actions, civil judicial actions and customer complaints as reported by FINRA, the SEC, the State Board of Accountancy and the State Bar.

     Then, before finalizing the list, wealth managers were reviewed by a blue ribbon panel comprised of individuals within the financial services industry. Although panelist comments were incorporated into the final score, safeguards were built into the review process to reduce the ability of panel members to influence the composition of the final list on the basis of company affiliation.

An Elite Award

The resulting list of 2011 FIVE STAR wealth Managers is an elite group, representing less than 3 percent of the wealth managers in South Carolina metro areas.

     Although  this list will certainly be a useful tool for anyone looking for help in managing their financial world or implementing aspects of their financial strategies, it should not be considered exhaustive. Undoubtedly, their are many other excellent wealth managers who for one reason or another, are not on this year's list.

(1) 2010 Consumer Survey, QMI Research

(2) FINRA registered representatives, IARs, CPAs and attorneys that provide estate planning and trust services

(3) Defined as the upper 1/3 of all households based on net worth

"Copyright 2011 Crescendo Business Services"

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck