Tom Corrado, a financial consultant since 1987, has been working with LBS Financial Members since 1992. Wall Street’s broker-dealer firms retained enough market share to possess a sales force that was able to hype IPOs; this continued Wall Street’s ability to justify its highly profitable investment banking fees. We had intentionally kept Western Kentucky University’s Financial Planning Program’s enrollment low, so as to graduate no greater than 75 students a year.
American consumers, continuing to read of ongoing scandals emerging as a result of the sales culture that so dominated Wall Street’s large firms, shied away from seeking out any financial advice. Here in 2025, many of our graduates were taking jobs selling insurance, annuities, and costly financial products; they had no choice. Summertime – and the livin’ is easy,” or at least it should be when it comes to getting simple answers to common financial questions.
Of course, neither I nor the other advocates who continue to desire a true profession of financial and investment advisors, or who represented consumer interests, possess much of a chance of getting bona fide fiduciary standards imposed. At this FPA sponsored event, 3rd Wave Collaborative co-founder Marie Swift will talk about service models over the years and how today’s best technology-enabled advisors, supported by allied institutions, are building out their firms with an eye to the future.
Today, 85 years after the enactment of the Investment Advisers Act, I observed that the emergence of a true profession of investment advisers, who eschewed conflicts of interest and embraced the delivery of expert investment and financial advice, remained largely a dream of the drafters of the Advisers Act. While at Schwab IMPACT in Denver, I sat down with five financial services professionals for a 60-minute roundtable discussion. We discussed cloud technology, including challenges and opportunities for financial advisors.
On September 2, 2015, Marie Swift, founder of PR and marketing firm Impact Communications, and business colleagues Blane Warrene, co-founder of technology consulting firm QuonWarrene, and Julie Edge, co-founder of custom content creation firm Creelio, spoke about marketing your financial services firm in the digital world. They will mention some sort of estimated pricing for all those interested in hiring financial advisors.