Forbes recognizes local wealth management firm

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Cheryl Pupel, Portfolio Associate; Erik Laug, Financial Advisor; Rachel Laug, Financial Advisor; Terry Park, Wealth Management Associate

A local wealth management firm has earned a place on Forbes Magazine’s best wealth management teams in Michigan. The business publication used quantitative and qualitative data, including interviews, to choose the teams, and The Laug Group, located at 5122 Cascade Rd. SE in Grand Rapids, came in at number 60.

“I am pleased that The Laug Group is representing Morgan Stanley,” commented, Sheree Blazejewski, Complex Manager of Morgan Stanley’s Grand Rapids office. “To be named to this list recognizes The Laug Group’s professionalism and dedication to the needs of their valued clients.”

The research is based on and is based on in-person, virtual, and telephone due diligence meetings to measure best practices, client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms.

The list is made up of 2,800 firms, 87 from Michigan. In total, nine wealth management firms based in Grand Rapids made the list.

Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and
investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement and trust services.

Source: 2023 Forbes Best-In-State Weatlh Management Teams
Source: Forbes.com (Jan 2023) 2023 Forbes Best-In-State Wealth Management Teams ranking awarded in 2023.  This ranking was determined based on an evaluation process conducted by SHOOK Research LLC  (the research company) in partnership with Forbes (the publisher) during the period from 3/31/21 – 3/31/22.  Neither Morgan Stanley Smith Barney LLC nor its Financial Advisors or Private Wealth Advisors paid a fee to SHOOK Research LLC for placement on its rankings.  This ranking is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research LLC and this ranking may not be representative of any one client’s experience; investors must carefully choose the right Financial Advisor or team for their own situation and perform their own due diligence. This ranking is not indicative of the Financial Advisor’s future performance. Morgan Stanley Smith Barney LLC is not affiliated with SHOOK Research LLC or Forbes. For more information, see www.SHOOKresearch.com.

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