Peter Mallouk, president of Creative Planning in Leawood, Kan., has been named the No. 1 Independent Financial Advisor in America by Barron’s magazine.
This is the first time an advisor from the Midwest has earned the top spot on this list.
The Barron’s list, which hit newsstands earlier this week, ranks the nation’s leading independent financial advisors based on several criteria including assets under management and revenue generated for the firm.
Last year Creative Planning’s assets grew by 51 percent to $6.9 billion in assets under management. Peter Mallouk, who was listed as No. 4 in 2012, attributes the growth to new clients as well as investment results from existing clients.
Clients of Mallouk’s Creative Planning have “the patience and discipline to follow their portfolio through corrections, bear markets, and periods of low market correlation,” he says. “That patience has often been learned the hard way, through experiences with advisors presenting ways to time or outsmart the market.”