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Schwab Impact Awards Go to 3 RIA Firms, Recordkeeper

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Schwab Advisor Services, the largest custodian for RIA firms, announced Thursday the winners of the ninth annual Impact awards at its annual conference in Denver, including one in a new category: Best-in-Retirement Business.

The winners of the 2014 Impact awards, presented on stage in Denver by SAS head Bernie Clark, are:

Best-in-Business Award: Bingham, Osborn & Scarborough LLC (BOS), a San Francisco-based RIA firm founded more than 25 years ago. The company was lauded for achieving its growth goals by “recruiting top talent, continually enhancing their client offering, and adopting efficient processes, technology and service strategies.” Showcasing its approach to human capital, Schwab noted that each of BOS’ current principals was promoted from within.

Pacesetter Impact Award: United Capital Financial Advisers, the Newport Beach, California-based rollup firm headed by Joe Duran. Since its founding in 2005, United Capital has become a firm with $10 billion in assets under management and $100 million in annual revenue. On its way to building a national brand, United Capital plans on doubling in size over the next five years.

Trailblazer Award: Beacon Pointe Advisors. Also based in Newport Beach, Beacon Pointe is an RIA firm with $6.2 billion in AUM and more than 45 employees that focuses its growth strategy in four areas: Women investors; cultivating the next generation of advisors; using technology to support its advisors, and supporting the growth of smaller advisors.

The Best-in-Retirement Award: Alliance Benefit Group of Minnesota and Kansas (ABG-MNKC). In the first year of this award, the Impact judges cited Albert Lea, Minnesota-based Alliance Benefit for its pioneering efforts in retirement plan administration. Alliance Benefit provides consulting, recordkeeping and administration services to more than 14,000 retirement plans with more than 1.1 million plan participants.

In addition to making the awards and publishing online profiles and videos of the winners, Charles Schwab makes a $15,000 donation to each Impact Award winner’s charity of choice; over the nine-year length of the Impact program, Schwab has donated more than $500,000 to Impact winners’ charities.

Judges for the 2014 Impact awards were: Blaine Aikin of fi360; Kevin Keller of the CFP Board of Standards; Julie Littlechild of Advisor Impact; Thomas Robinson of the CFA Institute; and Sean Walters of IMCA.

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