About the WealthManagement.com 2020 Wealthies Circle
The Wealthies Circle is a unique gateway to the WealthManagement.com 2020 Industry Awards program. It’s home to this year’s finalist and winner initiatives and related content; serves as the entryway to our Live Virtual Awards Event taking place on September 10th; and is the pathway to registering for and attending the Wealthies Digital Forums launching on September 24th paneled by finalist company executives and attended by advisors nationwide.
More than 150 companies were finalists this year, and on the Wealthies Circle you’ll find finalist initiatives, company profiles, contact details and current resources including white papers, webinars, audio and other content. Each of these “Best of the Best” initiatives was designed to help financial advisors build better practices and more effectively serve their clients. You may wish to consider these programs and tools as you evaluate new sources to help you manage your practice and grow your business. Plan to visit the Wealthies Circle often throughout 2020-2021 for content updates from this year’s finalists and winners.
The Virtual Awards Event section will be used as the link to the Winners announcements on September 10th, and provide supporting information about our sponsors and promotion for our finalists.
The Wealthies Forums are live, interactive panel discussions scheduled during 2020-2021 covering the current state and future direction of technology, asset management, practice management and marketing. More information on topics and registration can be found on the Wealthies Circle.
Now in its 6th year, the WealthManagement.com Industry Awards program recognizes the outstanding companies, individuals and organizations that make a real difference in the daily activities of financial advisors. More than 200 companies submitted 625 nominations in 2020 – a testament to the value that firms place in the awards as a way to enhance their reputation, increase their brand recognition and set their organization apart from the competition.
Includes initiative summaries, company profiles, contact details and current resources such as white papers, webinars, audio and other content links. These “Best of the Best” initiatives are designed to help financial advisors build better practices and more effectively serve their clients. You may want to consider these programs and tools as you evaluate new sources for your organization. Information will be updated throughout 2020-2021.
Live, interactive events paneled by executives at finalists and winner companies who have joined the Wealthies Circle – attended by and promoted to our 435,000 actively engaged community of advisors and planners.
For panel participation and sponsorship information:
Initially developed for advisors in Australia, Practifi is a business management platform that helps financial advisors unify their disparate tools, strengthen relationships with their customers, and grow their business. For more information, visit practifi.com and follow @practifi on Twitter.
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.3 trillion, including discretionary assets of $2.9 trillion as of March 31, 2020, we focus on meeting the unique needs of a diverse set of customers: helping more than 32 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers.
In January 2020, Fidelity launched the industry’s only full-service health savings account (HSA) for financial intermediaries. Fidelity’s broker-dealer, bank and registered investment advisor clients can help the investors they work with better prepare for and manage health care expenses – and invest in their long-term well-being in a highly tax efficient way – through Fidelity’s award-winning HSA solution. The Fidelity HSA® is a full-service, open architecture brokerage account that is available in WealthscapeSM, Fidelity’s advisor technology platform. Fidelity acts as the HSA custodian and provides all services through its robust brokerage platform – resulting in a turnkey solution that allows advisors to handle all aspects of clients’ HSAs, including professional investment management and operational oversight, in one place.
Head of Product & Practice Consulting, Fidelity Institutional
Custodians (Established – $25B and Over): Practice Management
Fidelity Helps Advisors Navigate Convergence and Consolidation Trend
The industry is facing a persistent organic growth challenge, leading to an increased pace of business evolution, consolidation and convergence of models. Fidelity is helping advisors address these trends through an amplified practice management approach that delivers timely insights, actionable ideas and opportunities for peer-to-peer learning through one-to-one consulting engagements, research and whitepapers, events, campus recruiting collaborations, podcasts, media and social media. With a strategic focus on M&A and talent, in the past 18 months, our practice management events (e.g. M&A Leaders Forum, Recruiters Summit and Inside Track) and dedicated thought leadership (monthly and quarterly M&A Transaction Reports, Advisor Movement Study, Advisor Retention Study) were augmented by the 2019 M&A Deal Valuation and Structure Study, talent-focused Think Tank Days and custom regional events.
Head of Platform Technology for Fidelity Institutional
Custodians (Established – $25B and Over): Technology
Wealthscape Onboarding Experience
Fidelity is transforming how advisors do business with its fully digital account onboarding experience in WealthscapeSM, its advisor technology platform. This integrated workflow for opening, funding and establishing features in accounts streamlines advisors’ day-to-day work – and their clients’ user experience – allowing them to focus more on adding greater client value through activities like financial planning. Advisors can digitally open accounts, fund accounts through one or more transfer of assets (TOA), and add features like asset movement authorization and standing instructions, all without any paper. The experience began rolling out in early 2020 and adds to Fidelity’s previously existing digital capabilities. Fidelity continues to add features and functionality, including support for multi-account onboarding, managed accounts, and features like margin, options, and prime brokerage.
Head of Fidelity Family Office Services
Family Officers: Thought Leadership
Fidelity Releases Family Office Investment Study
The Fidelity Family Office Investment Study included 111 respondents from across the United States, representing over $180B in AUM. The study focused on several key areas for family offices as they balance increased cost and complexity, including asset allocation, fees, office structure, and staffing. Additionally, survey participants were asked to provide their thoughts on the most compelling investment opportunities and biggest potential risks over the next three to five years. This initiative was driven by the Investment Collaborative, which Fidelity introduced in 2019. Offering diverse investment and consulting capabilities, the group is committed to helping family offices navigate the growing complexity of their investment programs, along with identifying opportunities.