Forbes America’s Top Wealth Management Teams Private Wealth 2024 List

The stock market has surged in the immediate aftermath of the election, putting a potential source of uncertainty in the rearview mirror. Yet experts warn that stock market valuations are high relative to historical levels–meaning that equity returns in 2025 are unlikely to replicate the success of the last two years. Financial advisors and their teams are working overtime to preserve client assets for the long term: Many are either turning to private markets to supplement total returns or to income-generating investments like dividend-paying stocks in order to ensure steady cash flow. A growing trend in the industry, wealth management teams have multiple advisors, allowing them to cover a broad range of expertise and services for clients. Teams in the private wealth category are those that primarily focus on accounts with $10 million or higher, though minimums for related household accounts can and often are lower. The third annual Forbes | SHOOK Top Wealth Management Teams Private Wealth features 100 teams with cumulative assets of nearly $1.2 trillion. Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank teams.