The Wealthies, the annual WealthManagement.com Industry Awards, are becoming increasingly important for the Retirement Plan Advisor (RPA) industry. In his latest article, “The Importance of the Wealthies for the RPA Industry,” Fred Barstein shares his experience as a judge for the Wealthies and explains how the awards have become crucial in recognizing the convergence between wealth management and retirement planning. The growing $42.4 trillion retirement asset market is drawing attention from wealth advisors and large asset managers, making RPAs key players in the industry. The Wealthies stand out as the only awards that bridge both the wealth and RPA sectors, acknowledging the integration of these two fields.
Barstein also highlights how RPAs are becoming more involved in wealth management, particularly with the rise of small plans, start-ups due to state mandates, and group plans like PEPs. He encourages firms supporting RPAs to nominate themselves for various Wealthies categories, showcasing how they support both retirement planning and wealth management while tapping into this rapidly growing, recession-resistant market. Read more here: Link to article.
