Once again, InvestmentNews is proud to share its list of 40 of the best and brightest of our industry’s next generation.
As has been the case since the inception of the 40 Under 40 program, as we judged this year’s nominees, we found ourselves overwhelmed by the quality of candidates. The total 2021 crop of candidates was a hefty multiple of the 40 who were ultimately selected, covering the full spectrum of eligible ages and hitting every corner of the industry. Like so much of the market, there is a preponderance of RIAs, but the honorees represent the full range of the industry — from wirehouses to tech firms and even a regulator.
These 40 embody the increasing diversity of the financial advice community and reflect the industry’s expansion to work with underserved communities and groups that can reap the benefits of their expertise.
Keep an eye on these young stars. Add them on LinkedIn and follow their next moves. History shows that this group has only just begun to make its mark. And if you have any question, look at last year’s winners. They’ve done great work during a wild year, taking leadership positions in crypto, marketing and diversity — and they aren’t done yet.
We salute this year’s class for renewing the sense of inspiration we can all derive just by observing people doing good and doing well.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
