HARRISBURG, Pa., Oct. 13, 2008 (GLOBE NEWSWIRE) -- Roof Advisory Group, Inc., headquartered in Harrisburg, PA, has been listed in the 2008 Wealth Manager magazine's annual nationwide ranking of wealth managers by average investment assets under management per client relationship. This is the second year the firm has been included in the list.
E. Jeffrey Roof, firm founder and president, says, "We're honored to again be listed in this prestigious ranking of financial advisors; particularly in spite of the challenges of the current global economy. Growing the number of high net worth clientele who choose to work with us and expanding the total investment dollars we manage for our clients is an indication we're doing the right things. It is also encouraging to have the affirmation of this national professional journal."
Wealth Managers' Editor in Chief, Kathleen M. McBride, says, "After a year as unpredictable as this one, it's to their credit that wealth managers have been able to keep clients focused on the long term and that they continue to uncover the opportunities that this market uncertainty presents."
According to Roof, "Our clients are typically very successful professionals, business owners, and other high net-worth individuals who appreciate the benefit of our disciplined investment management approach. Our firm's added value has been particularly apparent in the recently tumultuous markets."
Based on the 2008 survey data, Roof Advisory Group's average assets under management per client relationship exceeded $1.7 million, placing it in the top 200 firms surveyed. Since previously being listed in the magazine's 2007 ranking, the firm's collective total assets under management and advisement has grown approximately 33% to more than $142,950,000.
This is the eighth consecutive year, publishers of Wealth Manager have provided rankings of registered investment advisors. A portion of the list's qualifying criteria includes advisors having at least half of their clients as individuals or high-net-worth individuals, essentially those with liquid assets in excess of $500,000.
Some 25 firms in Pennsylvania are listed in the Wealth Manager's rankings with a concentration of firms in or surrounding the larger cities of Philadelphia and Pittsburgh. Only two other states had a greater number of ranked firms in the 2008 survey, California with 79 and New York with 28.
About Roof Advisory Group, Inc.: Roof Advisory Group, Inc. delivers objective investment management and financial advice on a fee-only basis with a concentration of clients in the northeastern and mid-Atlantic United States. Roof Advisory Group, Inc., www.roofadvisory.com, founded in 1998, is a Registered Investment Advisor with the United States Securities and Exchange Commission.
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About Wealth Manager Magazine: Wealth Manager magazine's mission, now in its 9th year, is to provide knowledge and information tools to a readership focused on building, preserving, and endowing wealth.