- BEST-IN-BUSINESS IMPACT AWARD™ -
Heritage Financial Services, LLC
- PACESETTER IMPACT AWARD™ -
Gurtin Municipal Bond Management
- TRAILBLAZER IMPACT AWARD™ -
Mainstay Capital Management, LLC
- BEST-IN-RETIREMENT BUSINESS
AWARD™ - ABG Retirement Plan Services
Schwab Advisor Services today announced the recipients of the
12th annual IMPACT Awards® for independent investment advisor
firms. The IMPACT Awards recognize independent advisor firms that
have advanced the industry through exemplary business practices.
The winning firms are: Heritage Financial Services, LLC,
Gurtin Municipal Bond Management, Mainstay Capital
Management, LLC, and ABG Retirement Plan Services. Each
was recognized on the main stage today at Schwab IMPACT®, the
largest and longest-running annual gathering of independent
advisors in the nation.
“These four firms represent what the independent advice industry
stands for: an unwavering focus on serving in the best interests of
their clients,” said Jonathan Beatty, senior vice president,
sales and relationship management, Schwab Advisor Services. Their
entrepreneurship, business savvy and innovation makes them
important parts of our communities as well as of our industry.”
Schwab honors each of the four firms by donating $15,000 to a
charity of their choice. Since the debut of the IMPACT Awards in
2006, Schwab has donated over half a million dollars on behalf of
the winning firms.
BEST-IN-BUSINESS IMPACT AWARD: Heritage Financial
Services, LLC
Awarded to a firm that has been in business for at least 10
years, has a track record of growth and excellence, and uses
technology solutions to help expand market reach, responsiveness,
and operational efficiencies.
Founded in 1995, Heritage Financial is a Westwood,
Massachusetts-based wealth manager with a team of 30 professionals
who provide personal wealth management services. The firm’s assets
under management (AUM) have grown more than 80 percent over the
past five years to more than $1.3 billion. The AUM growth is
supported by the addition of over 180 new-to-firm households over
the past five years and a 99-percent client retention rate.
The firm’s technology and operations strategy supports client
experience and growth goals through security, integration,
cloud-based solutions to enable consistent client service, and
centralized operations that enable scale and efficiency.
Among the firm’s core values is a client-first approach to
building cost-effective, sophisticated portfolios prepared with
detailed financial planning strategies. According to Heritage,
several factors will drive its continued success, including:
- Delivering comprehensive wealth
management through a holistic standard of client evaluation with
the goal of transforming clients’ financial lives from isolated
parts into an integrated whole.
- Commitment to the education and
professional development of employees and a forward-looking talent
acquisition model to help the firm stay ahead of growth initiatives
and provide best-in-class service to clients.
Schwab will make a donation to the National Multiple Sclerosis
Society: Greater New England on behalf of Heritage Financial
Services, LLC.
PACESETTER IMPACT AWARD: Gurtin Municipal Bond
Management
Pays tribute to a firm in business 10 years or less that has
shown initiative, growth and promise, as well as a focused use of
technology to extend its reach.
Since 2008, Gurtin Municipal Bond Management has been dedicated
to serving high-net-worth and ultra-high-net-worth clients by
providing specialized municipal bond management, including custom
portfolios, and more recently, mutual funds. Based in Solana Beach,
California, and approaching its 10-year anniversary, Gurtin has
grown to include 72 employees and $14 billion in AUM.
The firm’s reputation as an innovative leader in the municipal
bond management industry drives a deep level of confidence among
its clients. Among its latest innovations is a Municipal Social
Advancement strategy, which lets investors advance social or
environmental goals through municipal investments.
Gurtin uses technology to drive high-touch client service as
well as business development. For example:
- The firm’s technology team represents
20 percent of total headcount. The team has helped the firm create
a broad range of differentiated municipal bond strategies and
increase efficiency without losing the personal touch in its client
service model.
- A custom database, created and managed
by internal independent credit research analysts, allows the firm
to access extensive credit research and perform custom portfolio
reviews for prospective clients who are considering a portfolio
transition.
Schwab will make a donation to Feeding America on behalf of
Gurtin Municipal Bond Management.
TRAILBLAZER IMPACT AWARD: Mainstay Capital Management,
LLC
Recognizes a firm that is forging new ground in the independent
advice space by combining entrepreneurial spirit with a drive to
advance the industry’s interests.
Since its founding in 2000, Mainstay Capital Management of Grand
Blanc, Michigan, has built a team of 21 professionals who oversee
more than $2 billion in AUM. In addition to being a full-service
wealth manager providing financial planning and portfolio
management for workplace savings accounts, IRAs, and non-retirement
accounts for individuals, Mainstay also promotes financial literacy
through its MoneyMatters webinar series.
Mainstay also supports the next generation of financial advisors
through the following initiatives:
- Founded by Mainstay’s CEO, David Kudla,
the ENGAGE® Undergraduate Investment Conference is an annual
student stock pitch competition and conference that focuses on the
next generation of financial professionals and emphasizes
experiential learning.
- As Co-Program Director of the Global
Asset Management Education Forum, an annual college student-managed
portfolio competition and conference that brings together current
and future leaders from the financial services industry for
experiential learning and career development.
- Establishing student-run investment
portfolios at three universities, each in excess of $1
million.
Schwab will make a donation to Habitat for Humanity on behalf of
Mainstay Capital Management.
BEST-IN-RETIREMENT BUSINESS AWARD: ABG Retirement Plan
Services
The Best-in-Retirement Business Award honors an independent
record keeper or advisor that focuses on retirement plans,
understands the unique needs of plan sponsors and/or participants,
and has developed an innovative approach to serving them.
For more than 40 years, ABG Retirement Plan Services in Peoria,
Illinois, has served retirement plan participants and health
savings account holders and currently oversees more than $3 billion
in retirement plan assets. The firm is fueled by a drive to help
Americans prepare for retirement and grow their savings. As such,
its services for advisors and participants are centered around
retirement outcomes and financial wellness and include:
- The 401(k) Sales Champion Workshop©, an
advisor enrichment program that provides business-building
workshops and retirement plan education courses that train advisors
in retirement best practices and general education and sales tools
that help them develop their group retirement business.
- A report system that helps plan members
project their progress toward retirement readiness and review
suggestions for improvement. Plan members can personalize the
projections further, frequently with help from the plan’s
advisor.
- An online Financial Fitness Center for
plan participants that opens with a Financial Wellness Test and
emails out personalized reports. These reports are subsequently
complemented by an array of financial education tools, including
webcasts, podcasts, videos, and “workout” items.
Schwab will make a donation to The Salvation Army - Heartland
Division and Peoria Public Schools Foundation on behalf of ABG
Retirement Plan Services.
About the IMPACT Awards
Independent registered investment advisors have fundamentally
changed the financial services landscape by providing independent
investment advice to high-net-worth investors. Established by
Schwab in 2006, the IMPACT Awards recognize these contributions by
honoring advisors and firms that have advanced the industry through
their visionary leadership, operational excellence, and technology
innovation.
Winning firms were selected by a panel of prominent leaders from
both the business world and the financial services industry. Schwab
donates $1,000 to nonprofit organizations selected by each of the
judges in appreciation of their efforts.
This year’s distinguished panel of judges included:
- Blaine F. Aikin, Executive Chairman,
fi360
- Julie Littlechild, President,
AbsoluteEngagement.com
- Kevin R. Keller, CEO, CFP Board of
Standards, Inc.
- Thomas R. Robinson, President and CEO,
AACSB International
- Sean R. Walters, Executive Director and
CEO, Investment Management Consultants Association
In addition to the IMPACT Awards, Schwab engages in a range of
efforts to advance the independent advisory industry. Initiatives
include supporting nonprofit organizations and universities as well
as amplifying the voice of independent advisors in Washington, D.C.
on regulatory and public affairs issues. Schwab Advisor Services
also maintains Find Your Independent Advisor, a national TV, print,
and digital advertising campaign that aims to increase awareness of
the independent advisory model among high-net-worth investors.
For more information about the IMPACT Awards program, visit
impact.schwab.com/awards.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity. More
information is available at www.aboutschwab.com. Follow us on
Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC, www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
Brokerage Products: Not FDIC Insured • No Bank Guarantee •
May Lose Value
Schwab Advisor Services™ serves independent investment advisors
and includes the custody, trading, and support of Schwab.
The firms and their employees are independent of and are not
employees or agents of Charles Schwab & Co., Inc. (“Schwab”).
Schwab does not prepare, verify or endorse information distributed
by these firms. The awards listed are a part of Schwab’s IMPACT
Awards® program, and are not a referral to, endorsement or
recommendation of, or testimonial for the advisor with respect to
its investment advisory or other services.
For informational purposes only.
(1117-76KV)
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Schwab Corporate Public RelationsMeredith Richard
646-343-7419meredith.richard@schwab.comorThe Neibart GroupMayrav
Weiss, 914-500-5874sas@neibartgroup.com
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