Weiss Ratings’ Mission Statement
Weiss Ratings’ mission is to empower consumers, professionals, and institutions with high quality advisory information for selecting or monitoring a financial services company or financial investment.
In doing so, Weiss Ratings will adhere to the highest ethical standards by maintaining our independent, unbiased outlook and approach for our customers.
Whether you are interested in the safety of a bank, credit union or insurance company, or looking for a way to identify and monitor investments, you need a reliable source. With access to more than 40,000 investment ratings on stocks, mutual funds and exchange-traded funds (ETFs) and 16,000 safety ratings on banks, credit unions and insurance companies, you’ll enjoy unprecedented coverage of the companies and investments you want to follow.
Weiss Ratings is THE source for accurate, unbiased, and safest ratings that you can rely on to make sound, informed financial decisions. Weiss helps guide consumers, individual investors, and business professionals toward the best investment, banking and insurance options, always with an eye to avoiding unnecessary risks that could lead to financial losses.
Weiss does not accept any compensation from the companies or investments it rates for issuing the rating. Nor does it give them an opportunity to preview the ratings or suppress their publication for any reason. Weiss is totally independent and unbiased because its loyalty is to you — the customer.
We encourage you to use our ratings and analyses to avoid the potential dangers of the weakest investments and financial institutions — to find those that you can trust now and well into the future.
The History of Weiss Ratings
In 1971, Dr. Martin D. Weiss founded his research firm, reviewing U.S. banks for consulting clients and newsletter subscribers. The acquisition of the bank ratings division of T.J. Holt & Company in 1987 launched Dr. Weiss into the rating business, and later that year the company published its first guide rating 13,000 banks and savings and loans.
The organization continued to grow with the development of multiple rating models in the insurance industry and investment marketplace:
1989 -Weiss Ratings, a division of Weiss Research, issues the nation’s first independent ratings of life and health insurance companies
1991 - Weiss issues the nation’s first ratings of Blue Cross Blue Shield plans.
1993 - Weiss issues the nation’s first independent ratings of property and casualty insurance companies.
1994 - Weiss Ratings, Inc. is established as a separate corporation.
A landmark study by the U.S. Government Accountability Office (GAO) concludes that Weiss far outperforms all of the nation’s major rating agencies, including Standard and Poor’s, Moody’s and A.M. Best, in warning of future life and health insurance company failures, including the failures of Executive Life of California, Executive Life of New York, Fidelity Bankers Life, First Capital Life, Mutual Benefit Life of New Jersey, and others. Source: U.S. Government Accountability Office (GAO) — Insurance Ratings: Comparison of Private Agency Ratings for Life/Health Insurers.
Weiss Ratings issues the nation’s first financial safety ratings of health maintenance organizations.
1995 - Weiss Group, LLC is founded as a holding company of Weiss Research, Inc. and Weiss Ratings, Inc.
1998 - Weiss Ratings issues its first Weiss Mutual Fund ratings.
2001 - Weiss Ratings issues its first Weiss Stock Ratings.
2003 - Weiss Ratings issues its first Weiss ETF Ratings.
2005 - Weiss Ratings is awarded the most contracts in the Meritocracy established by the SEC as part of the global settlement requiring the major firms to provide independent equity research to their clients.
2006 - Weiss Group sells Weiss Ratings to TheStreet.com.
2010 - Weiss Group repurchases the insurance and bank ratings back from The Street.
Weiss Ratings, LLC is established.
2013 - Weiss Ratings returns to the stock ratings business with an updated model.
2015 - Weiss Ratings publishes its new mutual fund and ETF ratings.
2016 - Weissratings.com, incorporating the former WeissWatchdog.com, receives a complete facelift with new tools and a modern customer friendly interface.