We are pleased to share this year’s IA25 list, which includes many new industry VIPs and several repeat winners. While it’s very tough for the editorial team to select the most influential and inspiring names inthe advisory business, we did so in 2021 with the aim of highlighting individuals driving change and innovation in certainkey areas.
In tandem with the IA25, ThinkAdvisor and InvestmentAdvisor invite advisors, executives and firms to nominatethemselves for TheLUMINARIES, ournew recognition program honoring excellence in diversity &inclusion, thoughtleadership, dealmaking/growth and executive leadership. Pleasesubmit online nominations by May 17 onThinkAdvisor.
In addition to ourIA25 coverage, thismonth’s issue looks at the possible regulation of family officesby the Securities and Exchange Commission in the wake ofArchegos Capital Management meltdown. This fiasco is likelyto cost global banks up to $10 billion, according to JPMorgan.
In her Playing Field column, Washington Bureau ChiefMelanie Waddell notes that the Dodd-Frank Act of 2010 doesnot require that family offices meet the fund advisor registration requirement. Other SEC filings, such as on Forms 13D or13F, are only needed “for holdings of certain amounts of certainsecurities,” according to attorney Nick Morgan of Paul Hastings.
The Fast Track columnist Angie Herbers breaks downthe importance of data in the field of financial advice in thismonth’s issue. “For all the good that data can do to show anadvisor what has happened or is happening in their business, itcannot by itself create true innovation,” the consultant explains.
“Instead of being a data-driven firm, be data-informed and
innovation-driven. Ask how you can be more trustworthy,
more empathetic and more relevant in your clients’ lives.”
Last — though certainly not least — we’d like to congratu-
late contributor Tim Welsh, whose consulting firm Nexus
Strategy just celebrated two milestones: 15 years in business
and a record of serving over 100 companies and organizations
serving the independent advisor marketplace. Each month,
Welsh shares his unique insights and interesting predictions
on where the industry is headed. In this issue, he looks at the
influence of the robo-advisor field on advisors in his latest
Industry Insights piece.
We greatly appreciate
his monthly musings
and believe our readers
“But give credit forwhere credit is due,”Welsh explains. “Whilethe original robo-advisors ultimatelyhaven’t been successful, they did ignite adigital movement inwealth management. …As in so many businesses, disruption shakes things up andbrings unanticipated change. Some of the fallout of the newtrading platforms, for instance, is highlighted in Tax Time,which includes a lively discussion about DIY investors andwash sale rules. We hope you enjoy this piece, along with ourother coverage this month and invite you to send any news andviews to firstname.lastname@example.org.
In tandem with the IA25, ThinkAdvisor and
Investment Advisor invite advisors, executives
and firms to nominate themselves for The
LUMINARIES, our new recognition program
honoring excellence in diversity & inclusion,
thought leadership, dealmaking/growth and
executive leadership. Please submit online
nominations by May 17 on ThinkAdvisor.
By Janet Levaux