On Thursday, May 14, InvestmentNews took two steps toward the future of the financial advice business. The first step is a reaction to the current reality; the second is the latest in an important, ongoing trend in the market.
Step 1 saw the initial evolution of our event business when we shifted the first of our 2020 Women Adviser Summits to a virtual platform. In an industry that is so people-focused, there’s nothing surprising about the desire to return to communal gatherings. This virtual event experienced great engagement, with hosts fielding questions in a sharp, concise format. The format will be enhanced as time goes on, but it is here to stay. This initial effort proved that it works.
Step 2 reemphasizes the ongoing, long-term effort by InvestmentNews to accentuate the value of expanding the sphere in which your business operates.
Finally, several threads stood out for me during the virtual sessions, but none more than the importance of relationship-building. Everyone strikes a different relationship chord, and the more diverse an office staff is, the more relationships can be built.
So we all must continue to embrace inclusion and diversity, even as we find ourselves working further apart from one another in these trying times.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
