20 people who will change wealth management in 2020

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20 people who will change wealth management in 2020

Dec 20, 2019

Stringent regulations, stiff competition and colossal mergers are just some of the challenges awaiting advisors and wealth management firms in 2020.

The men and women listed below will be tasked with navigating these headwinds, sometimes pushing back against change and at other times demanding it arrive at a faster clip.

Some of the faces will already be familiar to advisors, while others may soon be household names. In either case, these CEOs, regulators, financial planners and tech experts will be worth watching in 2020.

To arrive at this list, reporters and editors reflected on this year's newsmakers and who would likely make waves in 2020. After lengthy and engaged debates — sometimes quite heated — we arrived at what is admittedly an informed but subjective take on what's ahead for wealth management….

6. D.A. Abrams, managing director of the Center for Financial Planning

The CFP Board's Center for Financial Planning is at the forefront of efforts to promote diversity within wealth management. As the center’s new managing director, Abrams will play a key role spearheading and building upon existing initiatives started under his predecessor, inaugural director Marilyn Mohrman-Gillis. She retired in 2019. Abrams has a big task ahead of him. Less than 3.5% of the 80,000 CFP professionals in the U.S. are black or Latino, according to CFP Board data. That is woefully out of sync with the nation’s overall demographics. In 2020, he has a chance to make his mark on the center and the planning profession…. Read more >

Financial Planner
By Editorial Staff
December 2020

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