Two India-origin people among America’s top 100 financial advisors

Two India-origin people among America’s top 100 financial advisors
PTI
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First Published: Sun, Apr 26 2009. 05 59 PM IST
Updated: Sun, Apr 26 2009. 05 59 PM IST
New York: Two India-origin persons — Raj Sharma and Raj Bhatia — have found a place in a list of top 100 financial advisors in the US.
The list compiled by Barron’s, a financial publication from the publishers of the Wall Street Journal, is topped by Morgan Stanley’s Gregory Vaughan who is overseeing assets worth $11,800 million.
Sharma and Bhatia, both from Merrill Lynch, are ranked at the 55th and 82nd positions, respectively.
Vaughan who has topped the ranking was at the fifth spot in 2008. Among the top ten, there are four advisors from Smith Barney — McKelvy (2nd rank), Marvin McIntyre (5), Roger Coleman (6) and Mark Curtis (10).
“The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors’ practices. We give less weight to assets of institutional clients and assets overseen by private bankers, who operate differently from advisors at brokerage houses and independent firms,” Barron’s said.
According to the publication, Sharma has slipped from the 18th spot last year and is now overseeing assets to the tune of $2,246 million. Bhatia who did not feature in the ranking last year, is managing assets worth $1,010 million.
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First Published: Sun, Apr 26 2009. 05 59 PM IST