Drucker Wealth, a leading New York City financial services firm, is pleased to announce that its 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.,1 for the 12th consecutive year.
Each year, HTK releases a ranking of its more than 800 financial professionals who have qualified for the firm’s Summit and Peak Program. HTK has recognized Lance for the past 30 years as a Summit financial professional, 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 one of HTK’s premier financial professionals year after year.
“The Summit and Peak Program represents HTK’s most prestigious financial professionals. Their caliber is unmatched. They have demonstrated experience and excellence in providing comprehensive financial services and solutions,” says Timothy Donahue, president and CEO, HTK. “We’re proud to have these financial professionals represent HTK, both 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 has been featured in The Wall Street Journal and New York Magazine.
Since 1959, when Lance’s father, Bernard Drucker, established Drucker Wealth, 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 forthcoming book, “How to Avoid H.E.N.R.Y. Syndrome: Financial Strategies to Own Your Future.” He specializes in working with young professionals, helping them design a strategy to achieve their financial goals, and has been featured in Forbes and 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.
1Based on production levels/Gross Dealer Concession (GDC) from January 1, 2019 through December 31, 2019. 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. For more information about the Women’s Choice Award for Financial Advisors, please visit www.wife.org.
Lance and Gideon are Registered Representatives of Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC. 2 Park Avenue, New York, NY 10016, (212) 885-4242. Drucker Wealth Management and other listed entities are not affiliated with HTK.