NORFOLK, VA: CNBC published its 2021 FA 100 rankings on October 6th, naming Wilbanks Smith & Thomas Asset Management, LLC (WST), a Norfolk, Virginia-based asset management firm serving taxable, institutional and intermediary clients, 41st on the list after an initial analysis of a list of 38,302 RIA firms and eventually cut down to 749. WST was recognized for it's 69th place in 2020.

According to CNBC, “For the third year in a row, the CNBC FA 100 recognizes those advisory firms that best help clients navigate their financial lives. CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year’s FA 100 list. The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions’ database of registered investment advisors. Through a process, the list was eventually cut to 749 RIAs, with those firms meeting CNBC’s proprietary criteria."

WST, headquartered in Norfolk, VA, with additional offices in Richmond, Roanoke and Raleigh, NC, is currently celebrating its 30th year in business. Since its founding, WST has evolved into a diversified solutions provider retaining a core focus on serving individuals, families and institutions through objective advice, independent decision-making and tailored investment solutions. Today, the firm manages over $4.6 billion in client assets.

Wayne F. Wilbanks, Managing Principal and co-founder of WST, says "Wilbanks Smith & Thomas would like to recognize our team members for their dedication to supporting clients every day. The firm has enjoyed steady long-term growth and continues to focus on providing clients with sound guidance. For over three decades, WST has prioritized objectivity and transparency — seeking to nurture a culture of progress anchored by diligent research and tried-and-true best practice."

WST deeply values the continued client relationships and strategic partnerships that have enabled growth and positioned the firm for recognition by CNBC. For more information as to the rankings and criteria used, please visit CNBC FA 100.


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