Page 10 - Investment Advisor May 2021

EDITOR’S NOTE

By Janet Levaux

Moving Forward

e are pleased to share this year’s IA25 list, which more empathetic and more relevant in your clients’ lives.”
includes many new industry VIPs and several Last — though certainly not least — we’d like to congratu-
W repeat winners. While it’s very tough for the edito- late contributor Tim Welsh, whose consulting firm Nexus
rial team to select the most influential and inspiring names in Strategy just celebrated two milestones: 15 years in business
the advisory business, we did so in 2021 with the aim of high- and a record of serving over 100 companies and organizations
lighting individuals driving change and innovation in certain serving the independent advisor marketplace. Each month,
key areas. Welsh shares his unique insights and interesting predictions
In tandem with the IA25, ThinkAdvisor and Investment on where the industry is headed. In this issue, he looks at the
Advisor invite advisors, executives and firms to nominate influence of the robo-advisor field on advisors in his latest
themselves for The Industry Insights piece.
LUMINARIES, our In tandem with the IA25, ThinkAdvisor and We greatly appreciate
new recognition pro- Investment Advisor invite advisors, executives his monthly musings
gram honoring excel- and believe our readers
lence in diversity & and firms to nominate themselves for The do, too.
inclusion, thought “But give credit for
leadership, dealmak- LUMINARIES, our new recognition program where credit is due,”
ing/growth and execu- honoring excellence in diversity & inclusion, Welsh explains. “While
tive leadership. Please the original robo-
submit online nomi- thought leadership, dealmaking/growth and advisors ultimately
nations by May 17 on executive leadership. Please submit online haven’t been success-
ThinkAdvisor. ful, they did ignite a
In addition to our nominations by May 17 on ThinkAdvisor. digital movement in
IA25 coverage, this wealth management. …
month’s issue looks at the possible regulation of family offices Additionally, the elegant user interfaces and simplified, auto-
by the Securities and Exchange Commission in the wake of matic account opening the robots introduced were total game
Archegos Capital Management meltdown. This fiasco is likely changers. Wealth management technology had been lagging
to cost global banks up to $10 billion, according to JPMorgan. modern consumer applications and after years of underinvest-
In her Playing Field column, Washington Bureau Chief ment, those gaps were beginning to widen.”
Melanie Waddell notes that the Dodd-Frank Act of 2010 does As in so many businesses, disruption shakes things up and
not require that family offices meet the fund advisor registra- brings unanticipated change. Some of the fallout of the new
tion requirement. Other SEC filings, such as on Forms 13D or trading platforms, for instance, is highlighted in Tax Time,
13F, are only needed “for holdings of certain amounts of certain which includes a lively discussion about DIY investors and
securities,” according to attorney Nick Morgan of Paul Hastings. wash sale rules. We hope you enjoy this piece, along with our
The Fast Track columnist Angie Herbers breaks down other coverage this month and invite you to send any news and
the importance of data in the field of financial advice in this views to [email protected].
month’s issue. “For all the good that data can do to show an
advisor what has happened or is happening in their business, it
cannot by itself create true innovation,” the consultant explains.
“Instead of being a data-driven firm, be data-informed and
innovation-driven. Ask how you can be more trustworthy, GROUP EDITOR-IN-CHIEF

8 INVESTMENT ADVISOR MAY 2021 | ThinkAdvisor.com