From Seattle to Omaha to Bedford, New Hampshire, 10 independent financial advisory firms from small to large earned top honors in a contest for financial planning companies that give back to their communities and promote a culture of philanthropy.
The Invest in Others Charitable Foundation, a nonprofit based in Andover, Massachusetts, awarded the honors to firms including Carson Group of Omaha, which had around $20 billion in client assets as of February.
The nonprofit seeks to recognize the efforts of financial advisors, employees and their firms as they engage in philanthropy and volunteering in communities of need. Collectively, employees at the winners for 2022 contributed 20,746 volunteer hours last year and made over $2 million in cash contributions to charities.
“When companies prioritize giving back to their communities, it creates a culture that extends to all levels of the organization,” said Megan McAuley, executive director and president of Invest in Others Charitable Foundation. “These Charitable Champions are proving that the financial industry can be a force for good.”
Winners represent registered investment advisory firms, including those affiliated with an independent broker-dealer and dual-registered firms tied to a brokerage while doing business through an RIA.
With assets of just over $3 million and a board of senior executives from Fidelity Investments, Nuveen, Morgan Stanley, Raymond James, Envestnet and LPL Financial, among others, the nonprofit is in its 15th year. Prior recipients of grants from the foundation include Camp One Step by Children’s Oncology Services in Chicago, the Children’s Musical Theatre of Bartlesville, Oklahoma, Interfaith Health Clinic in Knoxville, Tennessee and the Literacy Institute for Financial Enrichment in Lanham, Maryland.
This year’s winner are: