Pat Deeg Named to Forbes 2021 List of Top Next-Gen Wealth Advisors
Pat Deeg, Principal at Marks Group Wealth Management, has been recognized as one of Forbes Top Next-Gen Wealth Advisors of 2021. The annual listing highlights the top 500 rising advisors under the age of 40; a group that collectively manages more than $1 trillion in client assets combined.
According to Forbes, these advisors represent the future of the wealth management industry and Deeg is proud to be included. “I’m humbled by the recognition from Forbes and honored to represent Marks Group Wealth Management.”
“We take a team approach to serving all of our clients,” Deeg continued. “The unique financial situations our clients bring us are often complex, so it’s important to work collectively on their behalf. Our clients have the financial confidence knowing that we have robust strategies in place to guide them toward their long-term needs.”
“Pat is very deserving of this honor,” says John Feste, President of Marks Group. “He is very detailed and process-oriented, which our clients love. He’s also leading our growth initiatives and professional development. He makes the entire organization better.”
Feste noted that “Even though Pat is considered a Next-Gen Financial Advisor, he’s certainly not new to the business. This is his 17th year in the financial services industry and he is continually honing his skills. That’s what our clients love about him.”
Deeg points to his philosophy of serving as his clients’ personal Chief Financial Officer (CFO) as one key to his success. “Performing the role of CFO for clients is critical. It requires holistic planning and working in conjunction with the other financial professionals each family retains, such as attorneys and accountants.”
“By thinking strategically across their entire estate, we’re able to be much more purposeful regarding multi-generational planning, wealth management and wealth transfer.” Deeg asserted. “Our clients know we’re playing the long game.”
In order to be eligible for recognition by Forbes, advisors have to be under 40 years of age with a minimum of four years of experience in wealth management. Advisors who made the list were vetted using algorithms developed by SHOOK Research, which incorporate revenue trends, assets under management, compliance records, industry experience and best practices. The applicants were further evaluated via in-person and telephone interviews. Portfolio performance was not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for inclusion in the rankings.
This is another in a series of honors for Marks Group Wealth Management. In 2021, Marks Group has been recognized in the Forbes Best-In-State Wealth Advisors listing and is also rated one of Barron’s Top Advisors in America for the twelfth consecutive year.*
About Marks Group Wealth Management
Marks Group Wealth Management is a Registered Investment Advisor (RIA) located in Minnetonka, MN. Our advisors are fiduciaries, always acting in our clients’ best interest. We conduct our own research, build our own portfolios and design and implement strategies based on a client’s specific needs and priorities. Our holistic approach has resulted in Barron’s naming Marks Group as one of the Top Advisors in America for 12 consecutive years*. Securities offered through LPL Financial, Member FINRA/SIPC. Marks Group Wealth Management and LPL Financial are separate entities.
About Forbes Next-Gen Wealth Advisors rankings methodology
The 2021 Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. 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.
SHOOK does not receive compensation in exchange for its Top Advisor placements or rankings, which are determined independently (see methodology). Participation in this directory is limited to ranked advisors; once placed on a ranking, advisors may choose to pay fees to Forbes and Shook for premium listing features as indicated by highlighted names. Investors must carefully choose the right advisor for their own situation and perform their own due diligence. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.’
*Barron’s Top Financial Advisors (2010-2021) is based on assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work.