Luminaries Awards

LUMINARIES 2023 Finalists: Financial & Investment Innovation — Firms, Group 2

These firms have created unique products, services and processes that meet advisors' and investors' latest needs.

Two Ways Advisors Can Add Value, Without Picking Stocks

"The industry's historical model of how we add value is under threat," MyVest CEO Anton Honickman says.

Summer Program for Future Planners Is Back

The organizer also has launched the Internship/Externship Program to help firms improve their internship efforts.

Envestnet Considers Possible Sale: Report

The wealth management platform has received interest from potential suitors, Reuters reports.

IRS Waives 2024 RMDs for IRA Beneficiaries Under 10-Year Rule

"Here we go again," Ed Slott tells ThinkAdvisor.

BofA Wealth Unit's Profits Jump 10%

Merrill gained about 7,300 net new client relationships in the first quarter.

Advisor Coach Reveals the 5 Challenges He's Asked About Most

Derrick Kinney, a former advisor, also shares his secret to helping clients make a smooth transition to retirement.

Dani Fava, Former Envestnet Exec, Jumps to Carson

"This is exactly the forward-thinking, client-centric organization I want to be a part of," Fava said.

How Fidelity's Helping Smaller RIAs 'Get to the Next Level'

Some firms lack resources to boost organic growth. One executive says they can "rely on us a lot for that expertise."

Carson Steps Down as CEO of Carson Group

Burt White's appointment is about "taking great care of clients and the firm," says industry veteran Larry Roth.

Crager Opens Up on Challenges Facing Envestnet, Advisors

Small firms will be consolidated, and what counts is "integration, not the next whiz-bang feature," says the ex-CEO.

Peter Mallouk: Tech Rally Will Endure 'For the Rest of Your Life'

But the Creative Planning CEO has a warning for investors about one popular stock.

5 Secrets to Building Your Brand Without Burning Out

Here's how to effectively market yourself and your firm without being overwhelmed by conference fatigue.

BlackRock's Fink Calls on Boomers to Fix 'Retirement Crisis'

"It's no wonder younger generations, millennials and Gen Z, are so economically anxious," Fink wrote in an investor letter.

BofA Launches Retirement Income Portfolios

The offering aims to provide a reliable money stream, even during inflation and market swings.

Dani Fava Is Leaving Envestnet

She is moving to "a company well-placed to capitalize on emerging industry trends," she said on LinkedIn.

Raymond James Taps Next CEO

CFO Paul Shoukry was immediately named president and will become CEO in fiscal 2025.

How to Boost Client Confidence, According to Research

Advisors must "get inside the hearts and minds of clients in a more robust way," Julie Littlechild says.

Using AI to Give Clients What They Want, but Aren't Getting

Showing prospects what AI can do tends to "sweep them off their feet," FP Alpha's Andrew Altfest says.

LPL Grabs Advisors With $700M From Osaic

The seven financial advisors making the move work in five different teams and are all based near Minneapolis.

Couplr AI Launches Tool for Finding 'Orphaned' Accounts

The firm says its technology aims to match advisors and clients with such assets, which should also contribute to business growth.

Orion Taps CAIS Alts Investment Platform

The deal will give Orion's Wealth Advisory and OCIO clients access to private equity, debt and real estate products.

Advyzon Taps Schwab Veteran to Lead New Unit

Kartik Srinivasan will focus on developing offerings that cater to the growing needs of advisors serving more complex clients.

CFP Board Launches 'Wealth Is Women's Work' Scholarship Program

The program aims to cover part of the exam fee for young women hoping to become CFPs.

Mercer Advisors Names New CFO

Gün Keresteci was previously the global head of finance at consultancy McKinsey & Co.

LPL Sees Recruiting Benefits From Souped-Up HNW Services

Many advisors on the move today want the ability to serve wealthy clients more holistically, Jen Hollers says.

Burt White: 'If We Lose the Humanity, We're Toast'

Carson Group is looking to the future and has big M&A plans, the exec tells ThinkAdvisor.

An Asset Manager's Key to Boosting After-Tax Wealth

Frank Pape of Frontier talks about tax-friendly investment processes and why advisors should stop discussing "standard deviations."

Advisor M&A Fell in 2023: Why DeVoe Says It's No Big Deal

RIA deal closings declined for the first time in a decade, DeVoe & Co. reported.

LPL's Steinmeier: Who Are You Calling an IBD?

"We have really shed that skin," the firm's top business development executive tells ThinkAdvisor.

Cambridge Launches New Fee-Only RIA

BridgePort Financial Solutions, led by Eddie Rollins, will acquire stakes in small and midsize firms.

Tax and Wealth Management Meet in a Growing Sweet Spot

CFP and enrolled agent Dave Alison leans in to a "holistic" foundation to serve clients and advisors alike.

The Biggest Gaps in RIAs Today: Joe Duran

Here's what stands between midsize firms and the national market, according to the former United Capital CEO.

On Stage: The LUMINARIES 2023 Awards Ceremony

We spotlight this year's winners, who came dressed to impress for the recognition event at New York's Gotham Hall.

20 Books Loved by Industry Execs

Carl Richards, Bill Crager, Natalie Wolfsen and others recommend these reads for inspiration, lessons in leadership and fun.

Alger Lost Its CEO on 9/11. Dan Chung Stepped Up.

Chung, now CEO, rebuilt the growth-investing boutique by recognizing talent and complementing weaknesses (his own).

Why Financial Planning Beats Asset Management for Client Retention: Jeff Dekko

The CEO of Wealth Enhancement Group talks about building a cohesive culture while growing at breakneck speed.

Tom James to Leave Raymond James' Board

He will keep an office at the firm's headquarters "and continue in several advisory roles," the bank says.

Meet the 2023 LUMINARIES Winners

We recognized this year's winners at our third annual gala, held Tuesday at Gotham Hall in New York.

How Adding Riskier Assets Can Lower Portfolio Risk

Advisor David Scranton's approach for clients includes higher-dividend equity strategies and bond-like investments.

Helping 'Millionaires Next Door' Build Their Assets and Spend Them

Wealth advisor Dustin Gale reminds overly frugal clients "that they can't take it with them."

LUMINARIES 2023 Finalists: Executive Leadership — Individuals, Group 2

Here's how executives at RIAs and retirement-focused firms are changing the advice industry.

LUMINARIES 2023 Finalists: Executive Leadership — Firms

These broker-dealers, RIAs and other financial services groups are making a difference through their unique initiatives.

LUMINARIES 2023 Finalists: Executive Leadership — Individuals, Group 1

Here's how executives at BDs, consulting and educational groups and financial technology firms are changing the industry.

LUMINARIES 2023 Finalists: Community Impact — Individuals

Here's how financial advisors, industry executives and asset managers are making a difference — locally and nationwide.

LUMINARIES 2023 Finalists: Community Impact — Firms

Here's how broker-dealers, RIAs and other financial-services groups are making a difference — locally and nationwide.

LUMINARIES 2023 Finalists: Thought Leadership & Education — Firms, Group 1

These top industry programs are paving the way for advisors to better serve clients and grow their practices.

LUMINARIES 2023 Finalists: Thought Leadership & Education — Firms, Group 2

These top industry programs are paving the way for advisors to better serve clients and grow their practices.

LUMINARIES 2023 Finalists: Thought Leadership & Education — Individuals

These industry VIPs are leading the way with podcasts, TikTok content and tax strategies to help advisors grow their practices.

LUMINARIES 2023 Finalists: Financial & Investment Innovation — Individuals

These VIPs have helped create unique products, services and processes that meet advisors' and investors' latest needs.

LUMINARIES 2023 Finalists: Financial & Investment Innovation — Firms, Group 2

These firms have created unique products, services and processes that meet advisors' and investors' latest needs.