Five Star Wealth Managers
What does it mean to work with a Five Star Wealth Manager?
The Five Star Wealth Manager award program is based on a rigorous, multifaceted research methodology, which incorporates input from peers and firm leaders along with client retention rates, industry experience and a thorough regulatory history review.
Milwaukee Magazine, Forbes Magazine, Wall Street Journal and Five Star Professional partner to find wealth managers who satisfy ten objective eligibility and evaluation criteria, including:
- Candidates must be credentialed as an investment advisory representative or a registered investment advisor.
- Candidates must be actively employed as a credentialed professional in the financial services industry for a minimum of five years.
- Candidates must have a favorable regulatory and compliant history review.
- Candidates must have fulfilled their firm review based on internal firm standards.
- Candidates must be accepting new clients.
- Consideration is given to one-year client retention rate.
- Consideration is given to five-year client retention rate.
- Consideration is given to non-institutional discretionary and/or non-discretionary client assets administered.
- Consideration is given to number of client households served.
- Consideration is given to education and professional designations.
A Distinction To Consider When Choosing a Wealth Manager
Du Charme Wealth Management has received this distinction over multiple years – we’re committed to excellence and it shows!
Rob Du Charme and Eric Becker are among the select Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in the Milwaukee Magazine in 2024.
Rob Du Charme and Eric Becker are among the select Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in the Milwaukee Magazine in 2023.
Rob Du Charme and Eric Becker are among the select Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in the Milwaukee Magazine in 2022.
Rob Du Charme and Eric Becker are among the select Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in the Milwaukee Magazine in 2021.
Rob Du Charme and Eric Becker are among the select Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in both Milwaukee Magazine (July 2020) and Wall Street Journal (December 2020).
Rob Du Charme and Eric Becker are among the 185 Wealth Managers in the Milwaukee Area that were awarded the Five Star Wealth Manager Award. They were featured in both Milwaukee Magazine (July 2019) and Forbes Magazine (December 2019).
In 2018, Rob Du Charme (Fifth Year) and Eric Becker (Fourth Year) were named Five Star Wealth Managers and were featured in both Forbes and Milwaukee Magazine.
Out of about 1,500 Wealth Managers considered, our team members were included in the 228 professionals awarded.
We are proud to help the people in our community. Rob DuCharme and his team live by his motto of, "doing the right thing is always right."
In 2017, Rob Du Charme (Fourth Year) and Eric Becker (Third Year) were named Five Star Wealth Managers again this year.
Out of about 1,500 Wealth Managers considered, our team members were included in the 370 professionals awarded.
We're proud of this team of professionals, and know that our clients benefit from their experience, expertise, and commitment to fiduciary standards.
“I take pride in the Five Star Wealth Manager designation because it means I’ve gone above and beyond the ‘industry standard’ in my practice: I’ve acted as a fiduciary with ethical standards, and I’ve retained satisfied clients and helped them get closer to their dreams.” - Robert V. DuCharme
In 2016 Dick Stout, Managing Director, Eric Becker, Executive Director and Rob Du Charme, Executive Director & Branch Manager were named Five Star Wealth Managers.
In 2015 Rob Du Charme and Eric Becker were named Five Star Wealth Managers.
In 2013, Rob Du Charme was awarded the Five Star Wealth Manager Award for the first time.
Five Star Wealth Manager Award was issued by Five Star Professional (FSP) on specific dates for each year listed above. A fee is paid for use of marketing materials; however, wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. A self-completed questionnaire is used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria and is not evaluated for quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. The award is based on 10 objective criteria including favorable regulatory and complaint history review, active licensed as an RIA for a minimum of 5 years and accepting new clients among other criteria. The award is based on 10 objective criteria as follows:
Eligibility criteria – required:
- Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative;
- Actively licensed as an RIA or as a principal of a registered investment adviser firm for a minimum of 5 years;
- Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not;
- Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine;
- Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience;
- Individually contributed to a financial settlement of a customer complaint;
- Filed for personal bankruptcy within the past 11 years;
- Been terminated from a financial services firm within the past 11 years;
- Been convicted of a felony);
- Fulfilled their firm review based on internal standards;
- Accepting new clients.
Evaluation criteria – considered:
- One-year client retention rate;
- Five-year client retention rate;
- Non-institutional discretionary and/or non-discretionary client assets administered;
- Number of client households served;
- Education and professional designations.
The following table reflects the Milwaukee-area wealth managers statistics for each year that the award has been awarded:
YEAR | # Considered | # Winners | % of Candidates | Issued Date | Research Period |
2024 | 1,647 | 178 | 11% | 6/1/24 | 9/12/23 – 3/29/24 |
2023 | 1,636 | 173 | 10.6% | 6/1/23 | 9/12/22 – 3/31/23 |
2022 | 1,523 | 171 | 11% | 6/1/22 | 9/27/21 – 3/25/22 |
2021 | 1,036 | 169 | 16% | 5/1/21 | 9/7/20 – 4/9/21 |
2020 | 1,092 | 172 | 16% | 6/1/20 | 9/16/19 – 4/10/20 |
2019 | 1,061 | 224 | 21% | 6/1/19 | 9/17/18 – 4/12/19 |
2018 | 1,461 | 220 | 15% | 6/1/18 | 10/3/17 – 4/18/18 |
2017 | 1,148 | 237 | 21% | 6/1/17 | 9/30/16 – 4/17/17 |
2016 | 923 | 370 | 40% | 5/1/16 | 9/6/15 – 5/5/16 |
2015 | 1,329 | 430 | 32% | 6/1/15 | 9/6/14 – 5/5/15 |
2013 | 2,672 | 524 | 20% | 6/1/13 | 9/6/12 – 5/5/13 |
2012 | 1,291 | 303 | 23% | 6/1/12 |
Visit www.fivestarprofessional.com/wmdisclosures under Milwaukee for the corresponding year for a full list of eligibility and evaluation criteria.