Women Industry Leaders Recognized, Discussions On Advancing Women, Latest Recruitment News, Video Interviews With M&A Insiders, Regtech, TAMP M&A And Recognition For A Leading African American Industry Association
To My Fellow WSR Community Members:
I’m excited to announce the second group of WSR Pathfinder Awards for this year – the Top Women Industry Leaders of 2023, in honor of Women’s History Month. As with the Top Black Industry Leaders of 2023 last month, we name industry executives and professionals with broad recognition as leaders, a stellar reputation, commitment to wealth management and the ability to serve as role models for others in or considering joining our industry.
In addition to individuals, we also honor an organization dedicated to promoting women in wealth management through education, research, awareness and the provision of numerous resources.
As with every installment of the invitation-only Pathfinder Awards, we invited honorees to address the industry on DEI issues, this month bringing you the voices of several winners on women’s issues, including how we as individuals, organizations and an industry can progress. We also provide thought-provoking views from another industry leader.
In addition to our celebration of Women’s History Month, we bring you video interviews with M&A experts, the latest in recruiting, TAMPs, regtech and wirehouse breakaways, recognition by the Library of Congress for a trailblazing industry association and more.
This Week’s Issue
In our On the Rise section, we bring you the following articles honoring Women’s History Month:
- We announce the winners of the WSR Pathfinder Awards – Top Women Industry Leaders of 2023 across multiple categories in many industry spaces, honoring outstanding executives and professionals, as well as one organization that excels in promoting women in wealth management.
- Erinn Ford, EVP, Advisor Engagement for Advisor Group, and the Woman Advisor Growth Leader of the Year, shares her mother’s example and inspiration as a woman executive, explains how women advisors can thrive in the current landscape and advises women aiming for executive leadership careers.
- Laurie Stack, Vice President of Business Development at Avantax, and the Woman Business Development Executive of the Year, relates her experiences leading her firm’s Women’s Advisor Forum, discusses changing the industry mindset toward women and sets out keys to reaching and serving women clients.
- Jennifer Kim, Managing Senior Partner at Signature Estate & Investment Advisors, and the Woman Financial Advisor of the Year, discusses balancing career and motherhood, her experience reaching the underserved Korean American community of Los Angeles and how to advance women in the workplace.
- Jen Fox, an Executive in Residence at F2 Strategy, shares her views on advancing women in the industry including the gap in venture capital funding, educating women on finance early in grade school and removing jargon in financial discussions.
In addition to Women’s History Month, we also bring you:
- In our Newsmakers & Roundups section, we speak with our new Recruiter Of The Month, Mark Contey, Senior Vice President and Head of Business Development, LaSalle St. Securities. The Weekly Recruitment Roundup also looks at Mariner Wealth Advisors acquiring Goldfinch Wealth Management, Wealthspire Advisors agreeing to acquire Heron Wealth, J.P. Morgan Wealth Management recruiting from UBS and Goldman Sachs as well as other deals.
- In our Capital Connections section, Bomy Hagopian, Partner at Berkshire Global, provides a fresh take on wealth management M&A trends in our latest Q&A video. Her insights are based on 18 years of industry experience advising on a wide range of M&A transactions in the wealth management, real estate/alternative investment management and institutional/mutual fund investment management sectors.
- In our Sponsor Partner Content section, Bryan Yvon, Director of Business Development at SFA Partners, describes a slow but steady erosion in the alternative investment offerings available for advisors and how his firm counters the trend with thorough, deep due diligence and advisor preparation.
In case you missed it, last week we brought you a video interview with an industry-leading M&A consultant, recognition for an industry-changing association and the latest news in TAMP M&A, wirehouse breakaways and regtech:
- What does David DeVoe, Founder and CEO of DeVoe & Company, think of recent M&A trends in wealth management? In Capital Connections, he shares his perspective on how RIA buyers and sellers are adapting to the new era of volatility in 2023. During an in-depth Q&A video, he discusses the types of firms most active in M&A so far this year, what’s motivating them, where DeVoe sees M&A headed throughout the rest of 2023 as well as best practices firms can take to succeed.
- When is government action a good thing for the industry? In Newsmakers & Roundups, the Association of African American Financial Advisors announced that the U.S. Library of Congress will collect content from its website and potentially its social media accounts. U.S. Rep. Sheila Jackson Lee, D-Texas, also recently honored AAAA during an event in Houston, where she gave the organization a Certificate of Congressional Recognition.
- How can regtech providers improve the supervision experience for firms? In Digital Domain, we cover Smarsh launching a series of enhancements to its Professional Archive dashboards that are intended to make digital communications compliance oversight easier, faster and more intuitive for RIAs and broker-dealers.
- Who’s recruiting the wirehouse breakaways? In our Newsmakers & Roundups section, Sanctuary Wealth announced its third wirehouse breakaway recruit for the year – Iterhic Wealth Advisors, led by former pro basketball player Matt Terwilliger – recruited from Merrill Lynch. Adam Malamed, Sanctuary’s CEO, and Vince Fertitta, the firm’s President, Wealth Management, provide their thoughts.
- What’s the latest M&A news in the TAMP space? In Capital Connections, GeoWealth announced its acquisition of First Ascent Asset Management, creating a combined platform serving over $21 billion in assets. Colin Falls, President and CEO of GeoWealth, and Scott MacKillop, First Ascent’s CEO, address plans to leverage GeoWealth’s technology and First Ascent’s client services to enhance both firms’ offerings.
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Have a great week!
Larry Roth, CEO
Wealth Solutions Report