You know what I like about chess? It’s easy to tell who the best player is. He’s the one who beats all of the other players.
That player? Magnus Carlsen.
Other fields are not so straightforward. Like art. Who’s the best artist in the world?
Who knows? It’s subjective. Is there even such a thing as art expertise? I don’t know.
Here’s what I’m getting at: when it comes to ranking different professions, some are easier than others. Chess has an objective measure — whoever wins. Art, in contrast, has no good measure.
Financial advisors are somewhere in between. It’s not as obvious as chess, but more obvious than art.
One way of ranking them? By the amount of assets managed. Whoever manages the most money is the best financial advisor.
I mean, it’s not a perfect measure — Bernie Madoff would have looked pretty good, but it’s better than nothing. And I think it really does reveal something about the skill of a financial advisor.
If someone is willing to trust you with a hundred million dollars or more, you have to be pretty good, right?
That’s the idea, anyways.
Financial Advisors Ranked By Assets Managed
Okay, let’s say that you’re on board. You think this is a decent measure. Now, where are you going to get the data to figure this out?
Ah, that’s where I come in. I’ve gathered information on the 100 best known financial advisors, along with the amount of money that they’re managing, and I’ve compiled it into a spreadsheet.
It’s embedded below.