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Celebrating Innovation and Excellence in Wealth Management

The 11th annual Wealth Management Industry Awards took place in New York City at the prestigious Cipriani 42nd Street, celebrating the remarkable accomplishments of individuals and organizations within the wealth management sector. This highly anticipated event honors those who exemplify innovation and excellence in their practices, emphasizing the commitment to growth and professional success in the financial advisory landscape.

The atmosphere was electric as industry leaders from a variety of companies gathered for a night of celebration and recognition. Notably, the event broke records this year; it received 1,209 nominations, highlighting the expanding influence and transformative nature of the profession. For the first time, additional categories were introduced, capturing emerging trends and developments within the industry. Of the new categories, 183 nominations were received, and 74 were shortlisted, showcasing fresh ideas and advancements that continue to influence the sector.

David Armstrong, Head of Editorial Operations for the Wealth Management Group, stated, "The record-breaking participation showcases the industry's unwavering dedication to innovation and success. The adjustments in service models and the adoption of cutting-edge technologies reflect the resilience and creativity propelling our industry forward."

Among the celebrated firms, distinguished names such as FMG Suite and Goldman Sachs shone brightly, each taking home three awards for their outstanding contributions to various categories. Armstrong remarked, "These awards serve to recognize success but also celebrate the influential people and ideas shaping the future of wealth management. The achievements of our winners set new benchmarks in the industry."

Spotlight on New Categories

This year’s awards were particularly notable for the introduction of over a dozen new categories addressing the latest advancements in wealth management. As artificial intelligence continues to disrupt traditional processes, awards for AI-driven marketing, automated workflows, and improvements in meeting assistance were among the highlights. Other new categories acknowledged enhancements in operational efficiency through superior data management and outsourcing platforms, as well as innovations in estate planning and professional services that bolster advisor effectiveness. Excitingly, for the first time, awards were presented for excellence in wealth management podcasts, with 37 submissions competing for recognition.

Philanthropy and corporate social responsibility played a significant role in the awards as dedicated categories acknowledged firms contributing significantly to community development. The evaluation of nominations was overseen by a distinguished panel of independent judges comprising industry experts, consultants, and media representatives, ensuring a fair and comprehensive assessment of the submissions.

Focused on the Future Think Tank

The day leading up to the awards ceremony saw senior executives from finalist firms engage in panels and discussions at Convene 360, also located in New York City. The highlight of the day was the Focused on the Future Think Tank, featuring dialogues around rethinking leadership and success within purpose-driven firms. Such conversations are essential for fostering an environment where innovative ideas thrive, ultimately leading to exceptional results and positive impacts within society.

As the evening progressed, the awards ceremony saw over 600 executives from leading asset management firms, registered investment advisors (RIAs), broker-dealers, custodians, and technology providers come together to celebrate excellence. The announcement of winners across various categories reinforced the importance of delivering impactful and personalized service to clients through innovative practices.

Armstrong concluded, "The wealth management industry is evolving rapidly, with tonight's winners representing organizations that not only adapt to change but drive it. Their innovations empower advisors to provide better, more personalized, and efficient services to clients across diverse wealth segments."

A comprehensive list of winners and finalists from the 2025 Wealth Management Industry Awards can be found in a special digital edition published on WealthManagement.com. The success of this year’s awards was made possible in part by the generous support of sponsors committed to enhancing innovation and advisor success in the industry, including names like Charles Schwab, FMG, and Orion.

The Wealth Management Industry Awards continue to stand as a beacon of recognition in the industry, celebrating those who excel in supporting financial advisors and champion the future of wealth management.