Awards disclaimer

STEP Private Client

Following a public call for nominations via the STEP website, to STEP members and from firms who completed award applications, the STEP judges shortlist up to five nominees per category. The STEP judging panel is made up of lawyers, trustees and accountants, assisted by a panel of experts made up of internationally renowned lawyers, accountants, financial advisers and trust companies. The criteria for its awards are set by the STEP judges and include demonstration of: (a) strong risk adjusted performance; and (b) attracting and retaining clients through excellent client experience, strong client communication and clarity and transparency, particularly in relation to fee structures and risk. CapGen sponsored the STEP Young Practitioner of the Year Award in 2017 and 2018.

PAM

Following a public call for nominations via the PAM website and from firms who completed award applications, PAM sub-committee’s for each award category present recommendations for award nominees to the PAM judges. The PAM judging panel is made up of lawyers, trustees, investment consultants and accountants. The criteria for the Client Service Quality — UHNW (£50m+) Award are set by the PAM judges and are: (a) approach to client service quality; (b) approach to and process for reporting; and (c) client experience, including the onboarding process, approach to specific individual requests, process for dealing with complaints and how client feedback informs the development of the service.

The PAM NextGen Leaders is based on PAM Insight’s experience and knowledge of who is rising to the top quickly, and why. An open call is made for nominations. Factors taken into account included the reputation or performance of the company that the nominee works for, feedback from senior executives, trajectory of promotion/​business development success and relative years of experience, and active involvement in promoting good organisational culture.

Citywealth

Magic Circle Awards: Following a public call for nominations via the Citywealth website and from firms who completed award applications, the Citywealth editor and judges shortlist nominees for each award. The judging panel is made up of lawyers, accountants and investment managers. The criteria for the Citywealth awards are set by the Citywealth judges and includes: (a) firm growth; (b) firm structure; (c) client retention rates; (d) investment performance; and (e) leadership and vision.

Brand Management & Reputation Awards: Following a public call for nominations via the Citywealth website and from firms who completed award applications, the Citywealth editor and judges shortlist nominees for each award. The online voting counts for ten percent of the vote, the judges vote counts for ninety percent of the final outcome.

Spear’s

Awards: Following a public call for nominations via the Spear’s website and from firms who completed award applications, the Spear’s editorial team and judges shortlist nominees for each award. The Spear’s judging panel is made up of lawyers, accountants and investment managers. The criteria for the UHNW Asset Manager of the Year are set by the Spear’s judges and include a demonstration of: (a) how the nominee has exhibited excellence in the last 12 months (b) how the nominee has exhibited innovation in the last 12 months (c) how the nominee is different from other firms/​individuals/​providers in the same market.

Wealth Management Indices: In selecting and ranking UHNW wealth managers, the Spear’s Research Unit conducts extensive research of the market, including interviews with well-informed observers, industry insiders and of course the advisers themselves. These take place both face-to-face, and on video and telephone calls. Candidates for inclusion are asked to fill in a form to provide data and a description of their work and client base. In finalising its selections and rankings, the Spear’s Research Unit employs a proprietary methodology that includes a weighted scoring system. This takes into account factors including an adviser’s standing, reputation, client base, recommendations and testimonials, the firm they represent, their level of engagement with the process and certain industry-specific criteria.

Clearview Publishing (including WealthBriefing, Family Wealth Report and Wealth for Good Awards)

Following a public call for nominations via the Clearview Publishing website and from firms who previously completed award submissions, the judges shortlist nominees for each award. The judging panel is made up of trusted advisers and the criteria for awards includes: (a) independence; (b) integrity; and (c) genuine insight.