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Financial Planning > Charitable Giving

Invest in Others Is Now Taking Advisor Award Nominations

By Janet Levaux

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Advisors do a lot for their communities. But they’re usually too busy to handle publicity work for their philanthropy.

That’s the job of Invest in Others, a charitable organization that aims to give advisors the recognition they deserve for this good work with its annual Community Leadership Awards.

Each year, Invest in Others selects three finalists for five awards — with the award winner getting $20,000 for their designated charity and the two other finalists getting $5,000. The winner of the Lifetime Achievement Award will receive $25,000 for their cause.  

“Financial advisors are very humble about their philanthropic activities,” said Bill Dwyer, chairman of the Invest in Others board, in an interview with ThinkAdvisor. “We are designed to raise recognition for the work that advisors already do for their communities and the causes they support, which should help them raise even more funds for their charities.”

Online nominations are due April 15, and the awards ceremony is set for Sept. 30 in New York.

Expanding Organization

Dwyer, who also is CEO of Realty Capital Securities (RCAP) and formerly served as president of LPL Financial (LPLA), has helped steer the group toward more activities and more diversity in recent years.

Invest in Others’ board now includes 17 members from a variety of broker-dealers and investment firms, such as W. P. Carey, Commonwealth Financial, Fidelity Investments, TD Ameritrade, Nuveen Investments and the AIG-owned Advisor Group.

The organization also has three staff members and hopes to launch new programming and fundraising.

“We want to help advisors become more aware of what other advisors are doing,” he explained. “Advisors I’ve meet at Financial Services Institute events, for instance, want to get more involved with philanthropy, and our next big move is to get more advisor involvement in our organization, as well.”

Dwyer says his charitable cause is Big Brothers Big Sisters of Massachusetts Bay, and he’s help support that group’s annual awards and recognition events over the past 20 years. 

“The reality is that the recognition of these award events and publicity for the finalists and their stories drives so much interest and fundraising for the cause,” he explained.

“It’s helped Big Brothesr Big Sisters go from $100,000 to $800,000-$1 million in fundraising for these programs,” Dwyer stated. “Also, it’s taught me the importance of recognition and how that can expand the impact of what advisors can do for their causes.”

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