Today we are pleased to unveil our list of 2022 NAPA Top DC Advisor Teams with assets under advisement over $100 million.
Unlike other lists, this focuses on firms, or what may, in a wirehouse environment, be referred to as a team, or office—in a single physical location—and as noted above, on the defined contribution practice specifically.
Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and retirement plan advisors. This chapter—the NAPA Top DC Advisor Teams with AUA Over $100 Million, ranked by self-reported DC assets under advisement—presents a compelling case for the impact on the nation’s private retirement system.
Despite the market turmoil in 2022, the record number (362) of teams on this year’s list continue to guide nearly $2 trillion in defined contribution plan assets belonging to more than 56,000 plans covering more than 23 million participants. Moreover, each team listed—and to be here they are all in a single physical location—has more than $100 million in AUA, based on self-reported assets under advisement as of Dec. 31, 2022 (unless otherwise noted). Those teams are in 41 different states and the District of Columbia, by the way.
Sure, we know it’s not just about the numbers—but the reality is that advisors are having a huge impact every single day, not only on the quality of retirement plan advice, but in building a more financially secure retirement for millions of Americans.
We appreciate the commitment and hard work of the teams acknowledged—and are proud to have the opportunity to share it here, and in the Spring issue of NAPA Net the Magazine.
The list is online at https://www.napa-net.org/top-dc-advisor-teams-2022
We’ll showcase the multi-office firm list next week!