Winners to be announced at awards ceremony following Executive Forum at The Plaza hotel in New York City on October 11, 2017
NEW YORK, June 5, 2017 /PRNewswire/ — WealthManagement.com, the leading resource for wealth advisors and planners, has announced the finalists for its 2017 Industry Awards, the only awards program of its kind to honor outstanding achievements by companies and organizations that support financial advisor success. View list of finalists.
A record number of nominations were submitted this year—nearly 500 entries were received from more than 300 companies. 127 organizations were selected as finalists in one or more of the 54 categories in this year’s awards program. The 2017 award categories included: 401(k) retirement plan support services, asset mangers; broker/dealers; compliance law firms; custodians; disruptors; family offices; hedge funds; insurance; investment banks/lenders/succession planning consultants; non-custodial RIA support platforms; succession/ownership transition services (non-custodian B/Ds); technology providers; and trusts.
More than 40 organizations were finalists in multiple categories this year. Leading the way were Envestnet (15), Morningstar (7), Fidelity Investments (5), BNY Mellon affiliated firms (5), Charles Schwab (4), John Hancock (4), and Wells Fargo Advisors (4).
A panel of judges made up of top names in the industry determined the 2017 award finalists. The winners in each category will be announced at a gala reception on October 11, 2017 following an Executive Forum being attended by 200+ senior-level industry executives at The Plaza hotel in New York City.
In order to qualify, finalists had to demonstrate that a new initiative, program or enhancement to an existing platform either helped advisors manage their business more efficiently, enhanced service quality, smoothed business transitions, improved the understanding and use of various asset classes, or enriched the advisor/client experience through technology. Criteria included quantitative measures—such as scope, scale, adoption and feature set—along with quantitative measures such as innovation, creativity and new methods of delivery.
“Financial advisors increasingly have an overwhelming number of options when it comes to the companies they choose to help them grow their business, whether it be a broker dealer, technology vendor, asset manager or custodian,” said David Armstrong, editor-in-chief of WealthManagement.com. “These awards are a chance to highlight the best of those companies’ recent initiatives for the industry. Thanks to these firms, advisors are far better equipped to help clients meet their financial objectives and life goals. For anyone working in financial services, what could be more important than that?”
By recognizing outstanding achievement in the industry, the WealthManagement.com Industry Awards inspires innovation and leadership among industry participants, creating an environment that enables the industry to better support advisors in their roles as leaders to their clients and communities.
“The record number of firms and nominations submitted for these awards demonstrates the vitality and importance of the advisory industry,” said William O’Conor, WealthManagement.com managing director. “Our goal is to recognize this ecosystem of companies, many with very different offerings, that together empower financial advisors to make better decisions for their practices, and for their clients. Each of these firms can learn from what the others are doing. Bringing these companies together for this event can help facilitate that dialogue in a way that will benefit the industry overall, but most importantly financial advisors and their clients.”
As in prior years, a portion of the proceeds from the WealthManagement.com 2017 Industry Awards event will be donated to Foundation for Financial Planning, an organization devoted to providing pro bono financial planning to the underserved primarily by providing grants to connect those in need with those willing to provide financial planning.
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William O’Conor, Managing Director
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