This is the 12th year that we have published the IA 25, our annual list of the most influential people in and around the advisor industry. All the editors of the Investment Advisor Group—of Investment Advisor and Research magazines and ThinkAdvisor.com—weighed in over several months to choose individuals who in our judgment have been influential, are influential and likely in the future will influence the markets; how advisors invest and plan retirement for clients; and who will affect the regulatory and legislative environment in which advisors operate.
These are women and men whose decisions, intellectual capital, guidance and example—for good or ill—will affect how advisors run their businesses and invest their clients’ money.
As you might expect, some of the people on this year’s list are repeat honorees—Mark Tibergien has been on the list every year we’ve published it, while Dale Brown and Deena Katz have been honored eight times. However, there are 11 people (well, 12, counting Dave Drucker and Joel Bruckenstein, whose close partnership allows us to count them as one) who are on the list for the first time.
This is the fourth time that Bill Gross has been a member of the IA 25, and while money has been flowing out of PIMCO’s flagship Total Return Fund for some time, we know that advisors continue to be keenly interested not simply in the drama surrounding Mohamed El-Erian’s departure, but in Gross’ thoughts about the future behavior of the Fed and the direction of interest rates. How do we know that? The analytics that our editors access on an intraday basis confirm our readers’ keen interest in Gross. They also display the primary concern of advisors: regulation.
That has been the top worry of advisors and their partners for a number of years, as reflected in our annual Broker-Dealer Presidents’ Poll (look for those findings in the June issue), and in TD Ameritrade’s annual sentiment survey of its affiliated RIAs for five straight years, as honoree Skip Schweiss told me. That’s why we’ve included on this year’s list the SEC’s enforcement chief, Andrew Ceresney, Labor Secretary Thomas Perez, the Institute for the Fiduciary Standard’s Knut Rostad, consumer advocate Barbara Roper, securities attorney Tom Giachetti and the aforementioned Mr. Schweiss. Then there’s SEC Chairman Mary Jo White, who shared her insights into what the commission will be focused on in an exclusive interview with our Washington Bureau Chief Melanie Waddell. As in the markets, advisors and their partners hate uncertainty in the regulatory arena as well. Here’s hoping for more certainty.
Regulation is not the only issue that keeps advisors up at night, and where smart, passionate people in the industry have real influence on events and products and policies. Advisors are particularly interested in what their peers think and do, so several standout advisors are on the list this year.
In nearly every instance, an editorial staffer interviewed the honorees on our big list, which for convenience sake, we’ve split up into different categories. While we highlight certain honorees, we list them in alphabetical order by category. You can read all of the brief vignettes of those interviews that appeared in the magazine here. Throughout the month of May, we’ll be updating this page with links to extended versions of each profile. See below for the schedule of when those profiles and supplemental content will be published.
And now, we present below for your consideration the 2014 IA 25.
- April 28: Mary Jo White, Chairwoman, Securities and Exchange Commission
- April 29: Andrew Ceresney, SEC Enforcement Chief
- April 30: Thomas Perez, Labor Secretary
- May 1: Barbara Roper, Director of Investor Protection, Consumer Federation of America
- May 2: Knut Rostad, President/Founder, The Fiduciary Institute
- Slideshow: The Regulators and Advocates
- May 5: Skip Schweiss, President, TD Ameritrade Trust Company; Managing Director, Advisor Advocacy & Industry Affairs, TD Ameritrade Institutional
- May 6: Janet Yellen, Chair, Federal Reserve
- May 7: Mark Tibergien, Chief Executive Officer, Pershing Advisor Solutions
- May 8: Dale Brown, President/CEO, Financial Services Institute
- May 9: Bernie Clark, Executive Vice President, Schwab Advisor Services
- Slideshow: The 2014 IA 25 on The Next Generation
- May 12: Tom Nally, President, TD Ameritrade Institutional
- May 13: Nicholas Schorsch, Executive Chairman, Realty Capital Solutions
- May 14: Dan Skiles, President, Shareholders Service Group
- May 15: Josh Brown, CEO, Ritholtz Wealth Management
- May 16: Caleb Brown, Partner, New Planner Recruiting
- Slideshow: The 2014 IA 25 on Robo-Advisors
- May 19: Joel Bruckenstein and Dave Drucker, T3
- May 20: Harold Evensky, President, and Deena Katz, Chairman, Evensky & Katz Wealth Management
- May 21: Tom Giachetti, Chairman, Stark & Stark
- May 22: Michael Kitces, Director of Research, Pinnacle Advisory Group
- May 23: Sallie Krawcheck, Business Leader, 85 Broads
- Slideshow: The Most Honored of the IA 25
- May 26: Amy Webber, President, Cambridge
- May 27: Liz Ann Sonders, Senior Vice President, Chief Investment Strategist, Charles Schwab & Co.
- May 28: Michael Finke, Professor, Texas Tech University
- May 29: Bill Gross, Co-Founder/CIO, PIMCO
- May 30: Wade Pfau, Professor of Retirement Income, The American College