Sirianni: An Industry in Transition
Our industry remains in the midst of unprecedented change. The transition to a new idea of what our business should be began with the Perfect Storm of the 2009/10 Financial crisis. A time that saw storied brokerage firms disappear or become subsumed by banks, as well as a technology tsunami in which Fintech commoditized our business processes. All of which fueled the move to Independence.
Make no mistake, the final disposition of the securities business is not yet known. The jury is still out. The Indy movement had its Lexington and Concord, but the wires are fighting back with huge legal resources and convoluted contracts.
Today, the DOL debacle, and the Prexit (Protocol exit) phenomenon showcase a fractured industry with no real leadership. This is particularly disheartening at a time when we face real threats from the political class with their potential game changing impacts on markets and regulation.
New leaders will have to emerge with the right ideas to get us back on track. Advisors will have to decide who’s lead to follow.
AdvisorHub has brought together some of the most powerful voices in our industry — from different channels, with unique points of view, and all in one place. We want to discuss the present state of the industry as they see it, and find out where they think it is going from the perspective of their high seats, at our annual Industry in Transition event. We feel advisors will need all the information they can get as they plan a course for their future.
Our second annual Industry In Transition event in NYC on Oct 11th features keynotes from the CEO of J.P. Morgan Securities, Chris Harvey who leads a boutique advisor culture with the resources of one of the world’s most respected banking institutions, Tim Oden from Schwab, who runs the nation’s largest independent network with more billion dollar producers than anyone, Manish Dave, Joe Exner, and Scott Hirsh, of Ameriprise who help drive one the country’s fastest growing firms whose multi-channel platform adds a unique perspective to the discussion, and Dave Gehn, the top Protocol attorney in the United States.
Add to that list three industry panels, filled with senior execs and money managers like Rob Bartenstein – President of Kestra, Jeff Smith – head of recruiting at Janney, and Louis Navellier, that will address how to manage your assets in challenging times, transition and protocol issues, succession planning, investing with millennials and fintech solutions.
Everything is designed as a discussion, with interactive panels, interview formats with AdvisorHub’s beloved reporters Mason Braswell and Jed Horowitz, and lots of audience participation.
I expect we will all be better informed come Oct 12th, and we may even have been able to influence the direction of our business. Join us and make your voice and opinion heard. Listen to our leaders and see where we are going.
I look forward to seeing you all on the 11th!
PS—I forgot to mention lunch, cocktails, and plenty of time to interact with our Industry thought leaders in a beautiful NYC setting!