Times are changing in the wealth space, and a cohort of young professionals is standing at the nexus between the present and the future.
Across the wealth industry, a new generation of rising stars are making their marks, while standing ready to lead the industry into its next phase of evolution. That's no easy feat: it requires the ability to stay on the cutting edge of trends – shifts in the financial markets, technological advancements, and on and on – while ensuring a sense of continuity and security among clients.
Who are the young leaders poised to ride and thrive amid the next wave of wealth? That's the question InvestmentNews sought to answer through its first-ever special report covering the best wealth managers and advisors under 40 in the USA.
As part of the expansive search process, IN extended invitations to financial advice and wealth management professionals from across the country, asking them to name their most exceptional young talent. The resulting pool of nominees, people aged 40 and under who are commited to a career in wealth, were asked about their current role, key achievements, goals, and contributions they've made to shaping the industry.
Based on that, a panel of industry leaders evaluated and selected InvestmentNews' inaugural batch of Rising Stars.
Many members of that constellation, including Brandon Zureick of Johnson Asset Management, see themselves as champions of change, standing on the shoulders of veteran advisors while offering their own views on how to move ahead.
"Some folks have deep experience through a lot of different market cycles and a lot of knowledge they can impart to younger folks like myself, but at the same time there’s a younger generation who's growing in importance and are willing to jump in and offer ideas to try to evolve and push forward," Zureick says.
Others like Austin Storck, an advisor at Borza Wealth Management Group of Raymond James in Virginia, express their dedication to client service through a consistent and continuous growth mindset.
"We have a 1% better everyday mentality, not necessarily from a return perspective, but on improving from a knowledge standpoint, our market research, a planning standpoint - so we can provide the best service to our clients," explains Storck, who transitioned to the wealth space from his previous career as a Naval Special Warfare radio operator in two combat deployments.
For its 2024 list of best wealth managers and advisors under 40 in the USA, InvestmentNews is casting the spotlight on:
InvestmentNews would also like to recognize the thought leaders and experts on the Rising Stars judges panel, whose input was instrumental in the selection process:
To see the full report and the inaugural list of Rising Star advisors and wealth managers, click here.
Commonwealth Financial joins a number of firm that have recently cut jobs.
A slow drip of disclosures, an executive exit, and a stock that fell hard before the suit landed
New research finds unpaid caregivers are more likely to struggle with debt, lower savings and diminished retirement confidence than non-caregivers.
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
