Customer Relationship Summary (Form ADV Part 3)
Corporate Disclosure Brochure (Form ADV Part 2A)
Conrad Siegel Investment Advisers (“CSIA” or the “Firm”) is an investment adviser registered with the SEC with its principal place of business in the Commonwealth of Pennsylvania. Any reference to or use of the terms “registered investment advisor” or “registered,” does not imply that the Firm or any person associated with the Firm has achieved a certain level of skill or training. CSIA and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which CSIA maintains clients. CSIA may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. CSIA’s website is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. For information pertaining to the registration status of CSIA, please contact the United States Securities and Exchange Commission on their web site at www.adviserinfo.sec.gov and/or the state securities law administrators for those states in which CSIA is registered. A copy of CSIA’s current written disclosure statement discussing CSIA’s business operations, services, and fees is available from CSIA upon written request.
CSIA owns and maintains this website. The trademarks, logos and service marks on this site are the property of the Firm. The information provided on this site may not be republished or redistributed, in any format, without the prior express written consent of CSIA.
The information contained on this site was obtained from various third party sources that the Firm believes to be reliable, but the Firm does not make any representations as to the accuracy or completeness of such information. CSIA has not reviewed any of the sites sponsored or maintained by third parties that are linked to this site and is not responsible for the content thereon or any other matter relating thereto. All such information on this site is provided solely for convenience purposes only and all users thereof should be guided accordingly. The information and opinions contained on this site are subject to change without notice. Index data is provided by Morningstar, Inc. for fund benchmarking purposes only. The index data is copyrighted by the index provider.
Neither the information nor any opinion contained on this site constitutes an offer, or a solicitation of an offer, to buy or sell any securities or other financial instruments, including securities mentioned in any report available on this site. The information contained on this site has been prepared and circulated for general informational purposes only and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from CSIA. The information on this site does not take into account the financial position or particular needs or investment objectives of any individual or entity. Any subsequent, direct communication by CSIA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Investors are cautioned that statements regarding future prospects may not be realized and that past performance is not necessarily indicative of future performance. No portion of this website is to be interpreted as a testimonial or endorsement of the Firm’s investment advisory services and it is not known whether any clients or any third parties referenced approve of the Firm or its services.
The Firm makes no warranty, expressed or implied, regarding the security of the site, including with respect to the ability of unauthorized persons to intercept or access information transmitted by or to you through this site.
Referenced award criteria:
Schwab Impact Award:
Eligibility requirements include:
Using Charles Schwab, Charles Schwab Advisor Services®, or Charles Schwab Bank as a custodian for client assets.
Having been in business as a firm for at least 10 years (Best-in-Business IMPACT Award), at least five years (Trailblazer IMPACT Award), and fewer than 10 years (Pacesetter IMPACT Award) and having been in business as an independent investment advisor, a recordkeeper and third-party administrator, or an investment advisor and recordkeeper/third-party administrator for at least five years (Best-in-Retirement Business IMPACT Award).
Having at least $25 million in assets under management; for the Best-in-Retirement Business IMPACT Award, having a minimum of $250 million in assets under management and 25 or more retirement plans.
For the Best-in-Retirement Business IMPACT Award, having more than 40% of assets under management in employee benefit plans, such as 401(k), defined benefit, or nonqualified plans.
Being registered as a firm with the Securities and Exchange Commission or applicable state securities regulators or, for the Best-in-Retirement Business IMPACT Award, having a Level 2 SSAE 16 report on file.
Schwab reserves the right to disqualify a firm for any reason, including adverse disciplinary history or bankruptcies.
Plansponsor Retirement Plan Adviser of the Year
To be eligible to be a finalist, advisers had to meet the following minimum criteria: having a majority of business revenue derived from employer-sponsored retirement plans, serving as a fiduciary, being committed to fee-based compensation and using outcome-based metrics of plan success with clients.
Central Penn Business Journal: Business of the Year
- Must be for-profit and privately held.
- Must be headquartered or have significant operations in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry and/or York County.
- May be self-nominated or nominated by another individual or company.
Pension & Investment: Eddy Awards
The entries will be judged on the effectiveness and completeness of their investment education messages, except where noted. These are programs that best educate about, and encourage, sound investment practices. Successful entries in all categories will be creative and will have strong identification with the plan sponsor.
Entries must include evidence of the effectiveness of the program, e.g., an increase in participation or a change in the average asset mix.
Pension & Investment: Largest Managers Outsourced Assets
Rankings are based on outsourced assets by source. Conrad Siegel specifically notes it’s ranking for defined contribution assets under management. Rankings are developed by data that is provided by each firm, mostly from numbers and information published on their Form ADV, including assets under management. Each participating advisor is then ranked alongside their participating peers.
Financial Advisor Magazine: RIA Survey (Top RIA & Fastest Growing Firms)
This annual survey is performed by Financial Advisor Magazine as a means of measuring growth among independent advisors across the U.S. Firms must be registered investment advisors and provide financial planning and/or related services to individual clients. All firms must be either independently owned or a freestanding subsidiary of another business. Data is provided by each firm, mostly from numbers and information published on their Form ADV, including assets under management. Each participating advisor is then ranked alongside their participating peers.
Financial Times: Top 401 Advisers
What are the criteria to apply?
- The advisor must have at least $75 million in assets under advisement in DC plans (as of 12/31/18)
- DC plans must account for at least 20% of the advisor’s total assets (either managed or advised)
How will the winners be determined?
Based on the data from application, and Financial Times (FT) research, FT runs each applicant through a proprietary scoring methodology. Criteria includes DC AUM, DC AUM growth rate, specialization in the DC business, years of experience, industry certifications and compliance record.
Plan Sponsor Council of America Signature Awards
PSCA’s Signature Awards recognize excellence in retirement plan communications to both plan sponsors and plan participants. Effective education and communications are key to helping employees understand why saving is important, how much to save, and how to be better prepared for retirement. Campaigns that are creative and go beyond the basics of education are worthy of recognition as they ultimately contribute to the retirement security of American workers.
CNBC FA 100
CNBC enlisted AccuPoint Solutions to assist with delivering CNBC’s Top 100 RIA Firm Rankings (Registered Investment Advisors – RIA’s).
The methodology consisted of first analyzing a variety of core data points from AccuPoint’s deep database of information. This analysis resulted in returning a list of RIA’s meeting our criteria. We then applied weighted categories to rank the firms, ultimately defining a list of the Top 100.
The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet our requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included:
- number of years in the business
- number of employees
- number of Investment Advisors registered with the firm
- the ratio of Investment Advisors to total number of employees
- total assets under management
- total accounts under management
- number of states where the RIA is registered
- country of domicile
National Association of Plan Advisors’ (NAPA’s) Top DC Advisor Teams
Criteria: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate
Forbes’/SHOOK America’s Top RIA Firms
The SHOOK Process
SHOOK scours the financial services industry for nominations. SHOOK accepts advisors who meet pre-determined minimum thresholds and acceptable compliance records. As of this date, SHOOK has received nearly 36,535 nominations—advisors who meet SHOOK’s thresholds. 21,116 of these nominees have taken an online survey.
Unlike other advisor rankings, SHOOK is not a “robo-ranker”—numbers such as production and assets don’t tell the whole story, especially when much of the data is self-reported. SHOOK Research creates rankings of role models—firms that are leading the way in offering best practices and providing a high-quality experience for clients. A focus on both quantitative and qualitative factors, including telephone and in-person meetings, is imperative.
SHOOK Research is the only ranking firm that interviews firms and advisors via telephone and in person at the firm’s location.
-Minimum of 7 years as an advisor for 1 partner/principal
-Fully operational as a practice for a minimum of 1 year
-Must incorporate a fiduciary model
-Completion of online survey
-Over 50% of business must be with individuals
-Acceptable compliance record
-Assets under management—and quality of those assets
-Client-related data, such as retention rates
-Portfolio performance is not a factor; audited returns among advisors are rare, and differing client objectives provide varying returns
-Telephone, virtual and in-person meetings with firms (if an in-person meeting cannot be accomplished, exceptions are considered in which the interview will occur after a ranking has been published).
-Compliance records. Some “dings” can be overlooked (e.g., firm or product failure beyond the scope of an advisor’s due diligence; the older a ding, the less we look). Since there are many gray areas, the SHOOK team is willing to listen to a firm that is willing to stand behind the advisor with written support.
-Firms that provide a full client experience: Service model; investing process; fee structure; breadth of services (e.g., liabilities and other wealth management services)
-Credentials (years of service can serve as proxy)
-Use of team and team dynamics
-Discussions with management, peers, competing peers
The following conditions will be considered in order to lessen weightings infractions:
-Infractions that are denied or closed with no action
-Complaint arose from a product, service or advice initiated by a previous advisor or another member or former member of team
-Length of time since complaint
-Complaints related to product failure not related to investment advice (some limited partnerships, adjusted-rate securities, etc.)
-Complaints that have been settled (must be proven) to appease a client who remained with the advisor for at least one year following settlement date
-Complaints that are proven to be meritless
-Actions taken as a result of administrative error or failure by firm
Once an advisor’s compliance rating falls into a tenable category, the following conditions must be met:
-An advisor’s rating must be among SHOOK’s highest qualitative measures including in-person interview
-Letters of recommendation
The algorithm is designed to fairly compare the business practices of a large group of firms based on quantitative and qualitative elements. Data are weighted to ensure priorities are given to dynamics such as preferred “best practices,” business models, recent business activity, etc. Each variable is graded and represents a certain value for each measured component. These data are fed into an algorithm that measures thousands of firms against each other.
Methodology website: https://www.forbes.com/sites/rjshook/2022/10/25/methodology-americas-top-ria-firms-2022/?sh=2e46795417d9