MORRISTOWN, NJ, Friday, August 18, 2023 / Private Advisor Group, one of the largest and fastest-growing independent wealth management firms in the country*, has announced that it has been recognized as a finalist for three 2023 ThinkAdvisor Luminaries Awards.
Private Advisor Group gained recognition as a finalist for Community Impact, Executive Leadership, and Financial Investment Innovation. The firm will be honored alongside other finalists at the 3rd Annual ThinkAdvisor Luminaries Awards Dinner held in New York City this November.
Community Impact Finalist – John Hyland, CFP®
As a founding and managing director of Private Advisor Group, Hyland helped build the organization into one of the largest independent advisory services firms in the nation. Beyond his professional achievements, his community impact is far reaching and ever inspiring. During his tenure as Board Chair of Invest in Others, Hyland spearheaded fundraising efforts and led the foundation to record donor support in 2022.
As a trustee with the Leukemia & Lymphoma Society and past president of the board for the Leukemia Society of New Jersey, Hyland has long been dedicated to supporting the cause through competing in multiple Ironman races across the nation and fundraising along that journey. Despite his own battles with cancer, Hyland is still racing, mentoring, and inspiring others to race. His most recent Ironman team completed the 2022 Atlantic City Ironman 70.3 in support of the Leukemia & Lymphoma Society. The team raised $100,000 to help advance curative cancer therapies.
Executive Leadership – Alignment & Equity Program
Recognizing the growing need for advisor equity opportunities and methods of enhancing the value of their practices, Private Advisor Group launched the Alignment & Equity Program in March 2022. The program provides advisors with an avenue to invest in the firm’s collective success through a jointly owned Growth Partnership. Through access to additional capital, advisors can fund growth opportunities in areas such as continuity, succession planning, hiring, marketing and M&A. The program aims to elevate and expand the value of advisors’ practices while encouraging deeper thinking about the future success of the profession and longevity of their firms.
Executive Financial Investment Innovation – WealthSuite
In October 2022, Private Advisor Group introduced WealthSuite, a customized investment management platform exclusive to Private Advisor Group’s community of advisors. The competitively priced platform aims to drive efficiency and scale for advisors and improved investor experience. WealthSuite offers advisors curated investment strategies in centralized portfolios. The multi-custodian platform is supported by industry-leading investment strategists BlackRock, Fidelity Institutional Wealth Adviser LLC, Orion Advisor Solutions, Invesco, and WisdomTree. The launch of WealthSuite reflects Private Advisor Group’s commitment to delivering solutions for advisors that increase capabilities for clients and create efficiencies in their workflows.
ThinkAdvisor’s Luminaries Awards shine a spotlight on how individuals and firms are changing the investment advisory industry where it matters most. All winners will be selected by a distinguished and diverse panel of judges from across the advice industry, as well as Think Advisor’s editorial team. View the class of 2023 finalists here.
About Private Advisor Group
Founded in 1997 in Morristown, NJ, Private Advisor Group is one of the nation’s leading financial services firms. With over $25 billion in assets under management as of December 31, 2022, the firm leverages its resources to deliver strategies positioned to improve financial outcomes for individual investors and to inspire growth, fiduciary adherence, succession, and a client-centric approach for independent financial advisors’ practices. Barron’s has recognized Private Advisor Group as a top ten registered investment advisory firm since 2019.
*Barron’s “Top 100 RIA Firms” ranking is based upon quantitative and qualitative criteria including: regulatory records, client retention reports, assets managed, revenue generated, technology spending, number of clients, size and diversity of staff, placement of a succession plan, and more. Investor experience and returns are not considered. Neither Private Advisor Group nor its financial advisors pay a fee to Barron’s in exchange for the ranking.
