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Industry Spotlight > Broker Dealers

Presidents Poll Sheds Light On Industry

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Like all of you, I find my professional life a tad overwhelming at times. Which deadline should I cross off the list first? Which meeting is most important? And when will I get all my tasks done? Fortunately, I work with a great team to publish Investment Advisor each month and post news stories regularly on The past few months, Research Editor Liana Roberts had to go into overdrive to get the surveys out and results compiled for our yearly Presidents Poll and Broker-Dealer Reference Guide.

We appreciate her efforts! We’re also grateful to your broker-dealer executives, who finished the paperwork required to put together this month’s cover story “Keeping It All in Balance.” Now, we’re asking advisors to complete the second part of the yearly polling — the Broker-Dealer of the Year survey. We’ll present those results in our September issue.

Meanwhile, my colleague Ginger Szala and I are off to New Orleans for this year’s Envestnet Advisor Summit. We’ll meet with the winners of the 2018 Asset Manager and Strategist of the Year Awards, which will be featured in our July issue.

Speaking of meetings, we’re pleased to share consultant Tim Welsh’s latest summary of top industry events. The head of Nexus Strategy went to SS&C Advent’s Black Diamond Executive Forum in mid-May and highlights the latest thinking in this month’s Industry Insights.

Of course, one of the event’s notable speakers was columnist Mark Tibergien, CEO of BNY’s Pershing Advisory Solutions. In his Formulas for Success contribution, he tackles several growth-related issues, including advisors’ lack of capacity to serve more clients and weak branding. He also suggests ways to overcome these and related challenges.

Columnist Angie Herbers describes the concept of “Diamond Teams” and how they can help advisors expand their practices in The Fast Track. And Jamie Green, in Ahead of the Curve, tells the story of how one executive is putting her institutional experience to good use at a hybrid firm.

Washington Bureau Chief Melanie Waddell lays out what the top industry players are thinking with regards to both the Department of Labor’s fiduciary rule and the Securities and Exchange Commission’s fiduciary proposal in The Playing Field. She addresses activity going on at the state level and surrounding cryptocurrencies in Washington Watch.

In Broker-Dealer Beat, I discuss the deal reached between Edelman Financial, Advisor Engines and Hellman & Friedman. Industry experts debate if this news is a sign of things to come for the industry, as fintech players gather steam (i.e., assets and influence).

I wish all of you a pleasant end of spring. For me, it means “enjoying” what’s left of the professional basketball and hockey seasons. My two teams, the San Antonio Spurs and San Jose Sharks, are no longer in the running for their respective NBA and NHL prizes. But I’ll still watch the finals as much as possible.

Next up is the big summer sports event — the FIFA World Cup, which kicks off June 14 in Moscow and goes on for about a month. There will be no U.S. showing at the global soccer event this time, after the squad lost to Trinidad & Tobago last year. I hope sports enthusiasts across the country still will tune in to appreciate the spirit of the global competition, and that advisors do so to get a well-deserved break from the daily grind.


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