Honoring Top CMOs And Celebrating Pride Month

Larry Roth, CEO, Wealth Solutions Report

A New AI Tool Launches, WSR Recognizes Top Industry Marketing Execs, LGBTQ+ Leaders Share How You Can Serve, Redefining ‘Fiduciary,’ New Recruits, Our Weekly News Roundup, Advisor Group’s New Brand And More

To My Fellow WSR Community Members:

I have known a great many marketing executives over the years, and the most exceptional ones have a knack not only for reaching advisors and clients with messaging that excites and informs, but also a sense of how to read both the operational details and overarching vision of a company and translate that into a unified package of campaigns.

Most in our industry possess a strong awareness of the importance of good marketing leadership. It’s not just the best product or service that wins the day – it’s the best offering that connects with its audience. To honor those who demonstrate excellence in this arena, we announce the CMO 10: Top Wealth Management CMOs.

In addition, as Pride Month concludes, we honor advisors and other professionals in wealth management from the LGBTQ+ community by providing a platform for two successful entrepreneurs and firm founders to speak to us about progress, the needs of LGBTQ+ clients and ways advisors can get involved, including allies.

We also bring you the latest news in the Weekly Recruitment Roundup, the launch of an advisor-focused AI tool, Advisor Group’s rebranding to Osaic, new recruitments by Stratos and NewEdge, the latest survey results from COMPLY and the Investment Advisers Association and Miracle Mile’s new leadership.

This Week’s Issue

Here’s what we have on tap this week:

  • In our Wallet Share section, we honor excellence in wealth management marketing leadership by naming a group of elite, highly accomplished CMOs as our inaugural CMO 10: Top Wealth Management CMOs.

  • In Newsmakers & Roundups, our latest edition of the Weekly Recruitment Roundup covers Advisor Group rebranding as Osaic, Stratos Wealth Advisors recruiting advisor Robert A. Hamer, NewEdge Wealth opening its San Francisco office with former First Republic advisor John Froley, Waverly Advisors acquiring Silicon Hills Wealth Management, SageView Advisory Group agreeing to acquire Retirement Benefits Group, Carson Group establishing an equity partnership with Northwest Capital Management and Merit Financial Advisors appointing former LPL executive Andy Kalbaugh to its Board of Directors.

  • In our On The Rise section, as part of our celebration of Pride Month, we hear from a veteran planner, firm founder and CEO in the LGBTQ+ community, Marci Bair of Bair Financial Planning, who tells us how allied advisors can serve the LGBTQ+ community, describes challenges facing the community and explains the importance of ESG expertise in serving LGBTQ+ clients.

  • What does it really mean to be a fiduciary? In Words In Edgewise, Bento Engine’s CEO, Philipp Hecker, argues that the wealth management industry must broaden and clarify the definition of “fiduciary” so that clients receive more comprehensive advice, and at times fiduciaries must go above and beyond legal requirements to serve clients well.

  • Which RIA just appointed its first CEO? Also in Newsmakers & Roundups, $4.5 billion RIA Miracle Mile Advisors appoints Bruce Milam as its first CEO, tasked with formulating and driving the next stage of the firm’s growth strategy as it aims for accelerated growth with private equity backing from Corsair Capital.

In case you missed it, last week we brought you:

  • In Newsmakers & Roundups, Advisor Group rebranded as Osaic and plans to unite its eight wealth management firms under the new name while also seeking to reduce operational complexity among the firms during the next 18 to 24 months. Jamie Price, President & CEO; Greg Cornick, President, Advice and Wealth Management; and Jen Roche, EVP, Marketing & Communications, explain how Osaic became the new brand.

  • What key trends are revealed in the latest investment adviser survey? In Beltway And Beyond, the Investment Adviser Association and COMPLY subsidiary National Regulatory Services released their annual Investment Adviser Industry Snapshot, revealing growth and key trends for investment advisers in regulatory concerns, remote work and private funds.

Send us your ideas, suggestions and thoughts on this week’s topics and more.

Share our articles via email or on social media, especially LinkedIn.

Have a great Independence Day weekend and we’ll catch up with you on July 5th!


Larry Roth, CEO
Wealth Solutions Report

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