BLOOMFIELD HILLS, Mich., April 10, 2013 /PRNewswire/ -- Jeffrey Fratarcangeli, Managing Director – Investments with Bank of America Merrill Lynch, has been ranked one of the top 1000 financial advisors by Barron's, America's premier financial magazine, with a ranking of #17 in the state of Michigan. The full ranking is presented state by state (available at http://online.barrons.com/report/top-financial-advisors/1000/2013) with greater numbers of advisors shown for the bigger states. Consideration for this award is based on assets under management, revenue generated for the advisors' firms and the quality of their practices.
The 2013 group of award recipients is an experienced one. According to Steve Garmhausen of Barron's, the typical member has been in the industry for 26 years, with 19 years at their current firms. They're generally backed up by teams of about 10 people and boast client-retention rates of about 98% annually. They focus on wealthy families where the average net worth is $24 million while the average account size of the group is $12 million.
"To be acknowledged with this highly-respected group of advisors is truly an honor," said Jeffrey Fratarcangeli. "The Fratarcangeli Group has helped many companies and families reach their financial goals while also protecting their assets - being recognized for our work is extremely satisfying."
To learn more about Jeffrey Fratarcangeli and the Fratarcangeli Group, visit http://wealthmanagement.ml.com/wm/system/ViewFAPage.aspx?pageurl=fg or call (888) 645-7410. To learn more about Barron's Top 1000 Advisors, visit online.barrons.com.ABOUT JEFFREY FRATARCANGELI Jeffrey Fratarcangeli is a Managing Director-Investments with Bank of America Merrill Lynch. His core team, The Fratarcangeli Group, was established in 1994 and is comprised of eight individuals with over 50 years of combined experience. For the last 12 years, Jeffrey has been ranked in the top 1% of all advisors at Merrill Lynch and has been nominated 4 years in a row for On Wall Street's "Top 40 Under 40" financial advisors as well as Crain's Detroit Business' "40 Under 40". He was also recently recognized as a "Five Star Wealth Manager" by HOUR Detroit Magazine and one of Barron's "2013 Top 1000" financial advisors in the United States. For more information, visit http://wealthmanagement.ml.com/wm/system/ViewFAPage.aspx?pageurl=fg or call (888) 645-7410. SOURCE Fratarcangeli Group