NORFOLK, VA: CNBC published its 2020 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, 69th on the list after an initial analysis of a list of 37,369 RIA firms.

According to CNBC, “The CNBC FA 100 celebrates those advisory firms that top the list when it comes to offering comprehensive planning and financial services to help clients navigate their financial lives.”

WST, headquartered in Norfolk, VA, with additional offices in Richmond, Roanoke and Raleigh, NC, is celebrating its 30th anniversary in November 2020. 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 $3.5 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 through these unprecedented times. For nearly 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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