NORFOLK, VA: CNBC published its 2022 FA 100 rankings on October 4th, naming Wilbanks Smith & Thomas Asset Management, LLC (WST), a Norfolk, Virginia-based asset management firm serving taxable, institutional and intermediary clients, 45th on the list after an initial analysis of a list of 39,818 RIA firms. This is WST's third consecutive year being named to CNBC's FA 100 list.

According to CNBC, “The CNBC FA 100 recognizes those advisory firms that best help clients navigate their financial lives. The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions’ proprietary database of registered investment advisors. This analysis started with an initial list of 39,818 RIA firms from the Securities and Exchange Commission regulatory database. Through the process, the list was eventually cut to 904 RIAs, with those firms meeting CNBC’s proprietary criteria. CNBC staff verified that data with firms and with the SEC regulatory database. AccuPoint once again applied CNBC’s proprietary weighted categories to further refine and rank the firms, ultimately creating the list of the top 100."

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 $4.8 billion in client assets.

Wayne F. Wilbanks, Managing Principal and co-founder of WST, says "Wilbanks Smith & Thomas would like to recognize our employees 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."

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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