At TD Ameritrade Institutional's 4th Advocacy
Leadership Summit, Evensky Honored for Championing Generations of
Independent RIAs
As independent registered investment advisors (RIAs) gain share
and attract new clients, they face a multitude of headwinds:
increased competition, shifting regulation and demographic shifts
in the investor marketplace. More than ever, RIAs need leaders who
can elevate the profession, build bridges to the next generation
and fight for a level playing field in Washington.
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Photo: Harold Evensky, Evensky & Katz
/ Foldes Financial, winner of the 2017 TD Ameritrade Advocacy Award
(center) with (l) Skip Schweiss, managing director, Advisor
Advocacy & Industry Affairs, and (r) Kate Healy, managing
director, Generation Next, both of TD Ameritrade Institutional
(photo credit: Andrea Jacobson/The Observatory)
In that spirit, TD Ameritrade Institutional1 created the TD
Ameritrade Advocacy Leadership Award to recognize individuals who
have made outstanding contributions to advance the long-term
viability, vibrancy and growth of fiduciary investment advice and
the RIAs who provide it.
TD Ameritrade Institutional presented the inaugural award to
Harold Evensky, CFP®, AIF®, chairman of Evensky & Katz / Foldes
Financial, and prolific author, public speaker and educator to
generations of RIAs seeking how to build better fee-only financial
planning firms. Evensky received the award in Washington on
November 10th, at TD Ameritrade Institutional’s 4th Advocacy
Leadership Summit.
"We decided it was time to recognize the most vocal and tireless
champions of fiduciary investment advice. Harold exemplifies the
power that one, dedicated voice can have in rallying an industry to
move forward - his prolific body of work makes him a natural as our
inaugural award winner," said Skip Schweiss, managing director of
Advisor Advocacy and Industry Affairs for TD Ameritrade
Institutional. "TD Ameritrade remains committed to advancing the
profession for independent advisors and investors, and we hope that
others are as inspired as we are by Harold's passion for supporting
the RIA industry through financial planning, investment advice,
writing and teaching."
"Educating consumers and the financial planning industry about
the virtues of independent, fee-only financial advice has been my
life's work," said Evensky. "I thank you for this recognition, and
I challenge my fellow financial planners to do everything they can
to ensure that the next generation knows more about our
profession."
Engineer, Advisor and Educator
In 1986, the future "Dean of Financial Planning" was an
engineer-turned-financial planner, founding the firm that would
eventually become Evensky & Katz / Foldes Financial. An early
convert to the fee-only investment model, Harold Evensky's success
in wealth management translated into a passion for teaching and
encouraging other advisors to share their expertise.
Evensky has spent more than 30 years speaking, writing and
serving on industry boards to help independent fee-based advisors
expand their firms and advance the profession. His firm pioneered
the Cash Flow bucket strategy and the Core & Satellite
investment strategy, using passive management for "Core" positions
and a blend of passive and active management for opportunity-driven
Satellite positions.
In addition to contributing to publications such as Financial
Advisor and Journal of Financial Planning, he is the author of The
New Wealth Management and Hello Harold and is co-author of
Retirement Income Redesigned and The Investment Think Tank.
His efforts and impact on the industry have not gone unnoticed.
He has received IMCA’s J. Richard Joyner Wealth Management Impact
Award, 2017; the Insider's Forum Leadership Award, 2014; Charles
Schwab Trailblazer IMPACT Award®, 2013; and also the Financial
Planning Association's Heart of Financial Planning Award in 2013
together with his business partner and wife, Deena Katz. He was
named Investment Advisor’s IA 35 in 2015, and one of
InvestmentNews’ “15 transformational advisers” in 2013.
Today, in addition to serving as chairman of Evensky & Katz
/ Foldes Financial, Evensky is a Professor of Practice at Texas
Tech University in Lubbock, Texas, where he teaches graduate-level
courses on behavioral finance and wealth management.
Doubling Down on Advocacy Leadership
TD Ameritrade's commitment to promoting the RIA industry and
helping independent advisors build better businesses goes back 25
years. For well over a decade, TD Ameritrade Institutional has been
a vocal champion of the RIA model and has amplified the collective
voice of RIAs in Washington on policy issues that matter to them.
This includes fighting for the fiduciary standard of care that
requires advisors to put the interests of their clients first.
TD Ameritrade Institutional expanded its definition of RIA
advocacy this year to include efforts to support the long-term
sustainability of the profession. In naming Kate Healy its first
managing director of Generation Next, the firm established a
full-time executive position dedicated to expanding its programs
and resources to help RIAs attract and retain next generation
talent, including women and minorities.
The firm's active commitment led to its Advocacy Leadership
Summit, a unique event that brings together industry influencers,
RIAs, educators and financial planning students to focus on finding
common ground on key regulatory and sustainability issues. This
year's Summit, led by TD Ameritrade Institutional President Tom
Nally, Schweiss and Healy, featured Rick Fleming, the first
Investor Advocate for the U.S. Securities and Exchange Commission,
and The Honorable Phyllis Borzi, former Assistant Secretary of
Labor of the Employee Benefits Security Administration.
"RIAs have been putting the interests of investors first since
1940. We need to speak with one voice to ensure the industry
continues to thrive and care for its clients for decades to come,"
said Schweiss. "The drive for sustainability also means fostering
greater diversity in the profession so the industry better
reflects the changing makeup of the investors we serve, and
building a stronger pipeline for next generation talent."
About TD Ameritrade InstitutionalTD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 5,000 fee-based, independent RIAs and
their clients. Our advanced technology platform, coupled with
personal support from our dedicated service teams, allows
investment advisors to run their practices more efficiently and
effectively while optimizing time with clients. TD Ameritrade
Institutional is a division of TD Ameritrade, Inc., a brokerage
subsidiary of TD Ameritrade Holding Corporation.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors turn to TD
Ameritrade’s (NASDAQ: AMTD) technology, people and education
resources to help make investing and trading easier. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help
them decide how - bringing Wall Street to Main Street for more than
40 years. TD Ameritrade has time and again been recognized as a
leader in investment services. Visit our newsroom or amtd.com for
more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
/ SIPC
Evensky & Katz / Foldes Financial and other third parties
are separate from and not affiliated with TD Ameritrade, which is
not responsible for their services or policies.
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding
Corporation
Source: TD Ameritrade Holding Corporation
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version on businesswire.com: http://www.businesswire.com/news/home/20171113005290/en/
TD Ameritrade InstitutionalAlyson Nikulicz,
201-755-4116Communicationsalyson.nikulicz@tdameritrade.com
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