A philosophical lesson in servant leadership

A philosophical lesson in servant leadership
InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: George Nichols III, American College of Financial Services.
JUN 05, 2024

As president and CEO of one of America’s most esteemed financial institutions, one of the things that George Nichols III says makes him a standout leader is his philosophy around leadership.

“My philosophy of leadership has always been servant leadership; I serve the people who follow me,” Nichols says.

He points to his faith in Jesus Christ, who he believes to be the greatest leader. “His belief was, ‘My job is to wash the feet of those who I serve and your ability to get things done as a result of that'. That is my philosophy. That's how I start the day. That's how I start thinking about what it is I'm supposed to do as a leader,” Nichols said.

Reflecting on his career at the American College of Financial Services, Nichols says while he was recruited to turn around the business of the college to be more higher education focused, it’s been a challenge but “it’s working.”

“I would like to accelerate our repositioning within financial services. I think there is an opportunity that the college can be a bigger convener, a bigger provider, a bigger thought leader around things that are going to make the financial services industry better. If we can now take this transformed institution that's almost 100 years old and continue to modernize it for both what's today and tomorrow, that would be cool,” he says.

His passion to make the college a better player in the space is one of a few reasons why he’s being recognized as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.

Citing the college’s mission of benefiting society, Nichols recalls him first feeling “hokey” about it.

“If we educated an advisor who has 1,000 clients, then just imagine multiple advisors. How many people, we through the college, are touching other people? We’re benefiting society. It wasn't hokey anymore and that was really powerful to me.”

Latest News

&Partners lands $838 million Bellevue team from Wells Fargo
&Partners lands $838 million Bellevue team from Wells Fargo

Crown Legacy Wealth joins the fast-growing hybrid RIA as advisor recruitment intensifies across the wirehouse channel.

Osaic pays $9.4 million to settle clients' lawsuit involving illiquid alternatives
Osaic pays $9.4 million to settle clients' lawsuit involving illiquid alternatives

So far, legal settlements involving Jim Walesa since 2021 have cost Osaic about $26.3 million.

HSA participation hits record high, but retirement strategy lags, PSCA finds
HSA participation hits record high, but retirement strategy lags, PSCA finds

New survey data show record contributions and investing gains, even as employer education on retirement use stays limited

Amplify lands Brookwood partnership as RIA data platform push accelerates
Amplify lands Brookwood partnership as RIA data platform push accelerates

Phoenix-based Brookwood Investment Group taps the AI-native wealthtech firm as its advisor count and AUM keep climbing

Financial advisors are wealthier than ever, but are they happier?
Financial advisors are wealthier than ever, but are they happier?

To achieve contentment, advisors should think twice before selling their firms for the biggest dollar amount.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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