Lance Drucker Named Top Financial Professional
Drucker Wealth Management, a leading New York City financial services firm, is pleased to announce that President and CEO, Lance Drucker, ChFC®, CLU®, has been recognized by broker-dealer and registered investment adviser, Hornor, Townsend & Kent, LLC (HTK), as the No. 1 financial professional in the U.S. for 2021,1 for the thirteenth consecutive year.
Each year, HTK releases a ranking of hundreds of financial professionals associated with their firm to name qualifiers in the firm’s prestigious Summit and Peak Program. Lance has qualified for the Summit program, which means he ranks in the top 10 HTK financial professionals in the country.
Lance is the first in HTK history to achieve a No. 1 ranking for more than 10 years. This distinguished honor continues to recognize Lance as a premier financial professional year after year.
“Our Summit and Peak financial professionals have demonstrated their experience and excellence in providing comprehensive financial services to their clients,” says Timothy Donahue, president and CEO, HTK. “The global challenges brought about by COVID-19 have made it especially important for clients to have trusted financial professionals to guide them through these times. Membership in Summit & Peak for 2021 is a notable accomplishment. We’re proud to have these financial professionals represent HTK to their clients and within the financial services industry at large.”
In addition to being recognized by HTK as a top financial professional, Lance has received the Five Star Wealth Manager Award for six consecutive years2 and the Women’s Choice Award for Financial Advisors3 for the past 12 years. He is a member of the Million Dollar Round Table, which represents the top 1% of advisors in the world,4 as well as a member of the Forbes Finance Council5 and Vanguard Advisor Steering Community.6 He has been featured in The Wall Street Journal and New York Magazine.
Since 1959, when Lance’s father, Bernard Drucker, established Drucker Wealth Management, the firm has represented their clients and HTK with the highest integrity. Drucker Wealth works with retirees, business owners and professionals, with a specific focus on the needs and concerns of women in transitional stages of life to help them achieve financial peace of mind. Drucker Wealth Builder, a division of the firm headed by Lance’s son, Gideon Drucker, CFP®, is focused on helping the next generation prepare for their financial futures.
Lance is the author of “How to Avoid Bag Lady Syndrome: A Strong Woman’s Guide to Financial Peace of Mind.” Lance graduated from SUNY Binghamton in 1985 with a bachelor’s degree in Accounting & Finance and immediately joined the firm. He earned his Chartered Financial Consultant (ChFC®) designation in 1990 and his Chartered Life Underwriter (CLU®) designation in 1993. In 2012 and 2013, he received a Certificate in Retirement Income Planning from the Wharton School of Business.
Lance and his wife, along with their two rescue dogs, live in New Jersey. He trains in the martial arts of Krav Maga and Brazilian Jiu Jitsu. As a proud sponsor of Military Veterans, Lance has organized the Polar Bear Plunge fundraiser for Folds of Honor, an organization that provides educational scholarships to the children and spouses of our fallen and disabled service members while serving our nation.
Gideon, the third generation Drucker, is the author of the book, “How to Avoid H.E.N.R.Y. Syndrome: Financial Strategies to Own Your Future.” He specializes in working with young professionals working in tech and media, helping them design a strategy to achieve their financial goals. He has been featured in Forbes, Business Insider, PBS, Parade and Money Under 30. He has been named a top Next-Gen and Best-in-State Wealth Advisor by Forbes,7 one of the best seven financial advisors in New York City by Money Under 30,8 and one of the 23 best financial advisors for millennials by Business Insider. He graduated with honors from Lehigh University, earned his Certified Financial Planner (CFP®) in 2018, and joined Drucker Wealth after honorably serving in the Israeli military as a combat paratrooper. Gideon views his army service as a defining chapter in his life and believes the discipline, commitment and relentless pursuit of excellence that the army instills in its soldiers serves him well in his approach to financial planning with his clients. In addition to his CFP, Gideon holds Accredited Investment Fiduciary and Equity Compensation Associate designations.
Disclosures:
Listed recognitions are not based on investment performance, may not be reflective of client experience, and cannot predict the recipient's future success.
1The Summit and Peak programs are based on production levels/Gross Dealer Concession (GDC) from January 1, 2020 through December 31, 2020. Entry into the Summit and Peak programs is not based on client experience or client results. The award does not guarantee that using an award winner will result in future investment success.
2The Five Star Wealth Manager Award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1) Credentialed as an investment advisory representative (IAR) or a registered investment advisor; 2) Actively employed as a credentialed professional in the financial services industry for a minimum of five years; 3) Favorable regulatory and complaint history review; 4) Fulfilled their firm review based on internal firm standards; 5) Accepting new clients; 6) One-year client retention rate; 7) Five-year client retention rate; 8) Non-institutionalized discretionary and/or non-discretionary client assets administered; 9) Number of client households served; 10) Educational and professional designations. Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. 1680 New York City wealth managers were considered for the award; 155 (9 percent of candidates) were named Five Star Wealth Managers. To qualify as having a favorable regulatory and complaint history for this award, the person cannot have (1) been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine, (2) had more than a total of three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, (3) individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, (4) filed for bankruptcy, or (5) been convicted of a felony.
3The Women’s Choice Award for Financial Advisors was created by WomenCertified Inc. in partnership with WIFE.org, the Women’s Institute for Financial Education, in an effort to help women identify financial advisors and firms that provide quality service and a strong commitment to their female clientele. Advisors who qualify for the Award are evaluated using 17 objective criteria including industry tenure and client demographics. For more information about the Women’s Choice Award for Financial Advisors, please visit www.wife.org. There is no fee to participate.
4Founded in 1927, Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is a global, independent association of more than 72,000 of the world's leading life insurance and financial services professionals from more than 500 companies in 70 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information, please visit www.mdrt.org.
5Forbes Finance Council is an invitation-only, fee-based organization for senior-level finance executives.
6Vanguard’s Advisor Research Community is an invitation-only, private online forum of U.S. investment advisors whose purpose is to provide Vanguard with regular feedback about its products, services, and messages. Members of the community are invited to participate in a variety of market research studies. All information collected is used for research purposes only, and is not shared with Vanguard’s Sales team except in aggregate.
7Forbes’ ranking of America’s Top Next-Gen and Best-in-State Wealth Advisors, developed by SHOOK Research, are based on an algorithm of qualitative and quantitative data, rating thousands of professionals with a minimum of four years relevant experience. Factors reviewed include revenue trends, assets under management, compliance records, industry experience and best practices. Also, interviews are held via telephone and in-person conversations. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. There is no fee to participate.
8Money Under 30 is an independent personal finance site that provides free education on financial matters aimed at young adults. “The 7 Best Financial Advisors in NYC – Who Don’t Require You to be a Millionaire” is an article highlighting seven CFPs in NYC with no minimum asset requirements who cater to millennials. It is not an objective ranking and is not based on investment performance or client experience. There is no fee to participate.
Lance and Gideon Drucker are Registered Representatives of and offer securities and investment advisory services through Hornor, Townsend & Kent, LLC (HTK). Registered Investment Adviser, Member FINRA/SIPC. 2 Park Avenue, New York, NY 10016, 212-697-1355. Drucker Wealth Management and other listed entities are not affiliated with HTK.
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