Passing the Quill - Winter 2021 Quarterly Newsletter, Carroll Financial
March 7, 2021

Passing the Quill

Winter 2021 Quarterly Newsletter

Author: Kristopher W. Carroll, CFA®, CFP®

You may have noticed there’s a different face on the cover of our newsletter.

I now have the privilege of writing our quarterly newsletter cover articles, which will give Larry a bit of a break after 30 plus years of writing.

Larry has spent the past 40 years building a company that I am very grateful to be a part of. He is still enjoying working with clients, mentoring younger advisors and sharing his wisdom with all of our staff. This is what he loves to do and he’s not going anywhere anytime soon. We’re simply trying to let him enjoy his ride a little differently moving forward and lighten his load a bit.

Most of you know that my parents had their CERTIFIED FINANCIAL PLANNER™ certifications and that I grew up listening to them talk about their clients and our industry most evenings around the dinner table. Since then, I have had the honor of learning from and working beside my father for over 20 years and could not ask for a better mentor, especially during a challenging year such as 2020.

Although last year was interesting, unpredicted and difficult for many of us, I wanted to take a moment to highlight some of the positives from 2020.

We opened a new office in February in downtown Rock Hill, which is Larry’s hometown and a very special place to us both. As news of the pandemic broke in March, our office remained open and our staff rallied around one another to figure out how to safely balance people working from home and working in the office. Our Charlotte office moved in April into a beautiful new space and we can’t wait to have more clients in to see it. We added some great new advisors and staff to the CFA family as well and in August we celebrated our 40th anniversary, albeit in a very different way than originally planned.

We were met with the challenge of creating new ways to connect with and communicate with our clients from afar. Because of this, we got pretty good at conducting virtual client meetings and we hosted our first ever virtual Financial Planning Symposium last fall. We also acquired a tax practice in Hickory and can now help our clients with their tax planning and preparations. And as the year came to a much anticipated close, we gave back to four local non-profit organizations instead of gathering for our company holiday party.

Throughout the year we were honored and named among the top advisors* and firms* on numerous lists and rankings, which included Forbes1 Barron’s2 , Financial Times3 , Financial Advisor Magazine4 , The Charlotte Business Journal5 and AdvisoryHQ6 . I am proud to work among so many hardworking advisors and staff members who strive every day to provide the best possible service and advice to our clients. With offices now in Charlotte, Rock Hill, Raleigh and Hickory, we will continue doing what we love and our commitment to our clients will never change. I am excited to see what the next 40 years will bring.

This article was featured in our Winter 2021 Quarterly Newsletter available here:

Disclosures:

1(Larry  Carroll)  The  Forbes  ranking  of  America’s  Top Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative data, rating thousands of wealth advisors with a minimum of seven years’ experience and weighing factors like revenue trends, assets under management, compliance records, industry experience, and best practices learned through telephone and in person interviews. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. Research summary as of 32,325 nominations received, based on thresholds – 15,577 invited to complete online survey – 12,456 telephone interviews – 2,646 in-person interviews at Advisor’s location.

2((Kelly Graves and John Patterson) Barron’s Top RIA Firms: Barron’s rankings are based on data provided by over 4,000 of the nation’s most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.

3(Carroll Financial) The Financial Times Top 300 Financial Advisors is an independent listing produced by the Financial Times. The FT 300 is based on data gathered from firms, regulatory disclosures, and research conducted on behalf of the Financial Times by Ignites Research, a Financial Times sister publication. The listing reflects each advisor’s performance in six primary areas. The factors are: 1. Assets under management; 2. AUM growth rate; 3. Years of experience; 4. Compliance record; 5. Industry certifications; 6. Online accessibility. Neither the brokerages nor the advisors pay a fee to the Financial Times in exchange for inclusion in the FT300.

4(Carroll Financial) RIA ranking candidates are ranked by AUM of the previous year. To be eligible for the FAMagazine RIA ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC. They need to provide financial planning and related services to individual clients. Firms were measured and ranked by their growth in assets under management from 2017 to 2018 to determine the top 50 fastest growing.

5(Carroll Financial) Wealth management firms are ranked by total assets under management in the Charlotte-area. Largest Financial Planning Firms are ranked by number of local CFPs. Ranking is based Recognition from rating services or publications is no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluations. Listing in this publication is not a guarantee of future investment success. This recognition should not be construed as an endorsement of the advisor by any client.

6(Carroll Financial) AdvisoryHQ Top 10 Best Financial Advisors in Charlotte and Asheville is based on a wide range of filters including fiduciary duty, independence, transparency, level of customized service, history of innovation, fee structure, quality of services provided, team excellence, and wealth of experience. Listing in this publication and/or award is not a guarantee of future investment success. This recognition should not construed as an endorsement of the advisor by any client.

Listing in these publications is not a guarantee of future investment success. This recognition should not be construed as an endorsement of the advisor by any client.

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