Tim Kochis of Kochis Fitz, Plante Moran Financial Advisors and
RegentAtlantic Capital LLC Honored
SAN FRANCISCO, Nov. 7 /PRNewswire-FirstCall/ -- Schwab Institutional, a
leading provider of custodial, operational and trading support for
independent fee-based investment advisors, today announced the winners of
the IMPACT Awards(TM) -- a new industry-wide awards program to honor
advisors and firms that have advanced the industry through their visionary
leadership, operational excellence and technology innovation.
The winners were recognized today during a ceremony at the IMPACT(R)
2006 conference in Washington, D.C. where Schwab Institutional President
Deborah Doyle McWhinney also unveiled a new IMPACT Award for next year to
recognize an "up and comer" in the industry that is experiencing
accelerated growth through best practices in all facets of their business.
The 2006 IMPACT Awards winners were selected by a distinguished panel
of judges including Kurt Cerulli, principal, Cerulli Associates; David
Tittsworth, executive director, Investment Adviser Association; Marvin
Tuttle, executive director and CEO, Financial Planning Association;
Frederick Reichheld, Bain Fellow, Bain and Company; and Daniel Leemon,
former executive vice president and chief strategy officer for The Charles
Schwab Corporation. All IMPACT Awards entries were scored by the accounting
and consulting firm Moss Adams LLP. The winners were selected by the panel
of judges.
The Charles R. Schwab IMPACT Award(TM) was presented by Schwab Founder,
Chairman and CEO Charles R. Schwab to Tim Kochis, co-founder and CEO of San
Francisco-based Kochis Fitz in recognition of his contributions to the
independent investment advisor community during the last 33 years. A
visionary in his field, Kochis has dedicated his time and expertise to grow
the reputation of the industry worldwide. He was a co-creator of one of the
first accredited financial planning programs in the United States that
began at the University of California Los Angeles in 1980 and Chaired the
CFP Board of Examiners as it developed the first comprehensive CFP
examination in 1991. He has Chaired the CFP Board of Standards (1996), The
Foundation for Financial Planning (2004), and the (international) Financial
Planning Standards Board (2005), and now serves as Chair of the
International Advisory Panel for the Financial Planning Standards Council
of China. A frequent speaker, Kochis is the author of Managing Concentrated
Stock Wealth: An Adviser's Guide to Building Customized Solutions (June
2005) and co-author of Wealth Management, A Concise Guide to Financial
Planning and Investment Management for Wealthy Clients, with his colleagues
at Kochis Fitz (2nd Edition, October 2006).
The Best-in-Business Award winner, Plante Moran Financial Advisors with
offices in Michigan, Illinois and Ohio, exemplifies a thriving practice
that focuses on providing an outstanding client experience. An independent
wealth management firm and affiliate of Plante & Moran, PLLC, one of the
nation's largest accounting and business advisory firms, Plante Moran
Financial Advisors serves as an advisor to high-net-worth individuals,
family business owners and corporate retirement plans. With assets under
management exceeding $4 billion, Plante Moran Financial Advisors has more
than 100 staff members serving more than 1,100 individuals and
organizations. The firm's success centers on three areas: the relentless
pursuit of exceptional client service, a sophisticated approach to staff
development, and carefully managed growth.
The Best-in-Tech Award winner, RegentAtlantic Capital LLC of Chatham,
NJ, has made technology a critical part of its business success -- a team
of just 30 members manages more than $1.4 billion in assets for 800
clients. Finding ways to standardize and centralize processes has been
RegentAtlantic Capital's key to leveraging technology for
mass-customization. Additionally, the firm has been paperless since 1996,
making for a seamless ability to chronicle documents for easy storage and
recall. Pioneering how independent advisors use technology, the firm is
recognized for spearheading the development of a software program which
uses artificial intelligence to re-balance client portfolios.
"The 2006 IMPACT Awards winners personify the passion, commitment and
innovation that are the hallmarks of the independent investment advisor
industry," said McWhinney. "As we prepare to mark our twentieth anniversary
next year, Schwab Institutional has witnessed first-hand this industry's
tremendous growth and success, and while this progress has been made
possible by the contributions of many, we are extremely proud to recognize
the achievements of these incredible individuals and firms today."
McWhinney presented each of the winners with an IMPACT Awards trophy
and pin at the ceremony. Each firm also was granted a donation from Schwab
Institutional to the firms' charities of choice. The Charles R. Schwab
IMPACT Award winner received a $25,000 donation from Schwab Institutional
for Operation HOPE. The firms honored with the Best-in-Business and
Best-in-Tech Award received a $10,000 charitable donation to Eli Broad
College of Business at Michigan State University and Community FoodBank of
New Jersey, respectively.
Profiles and videos on the winners are available online at
impactawards.schwab.com
About the IMPACT Awards
Independent investment advisors have fundamentally changed the
financial services landscape by providing more objective, independent
advice to affluent investors. The IMPACT Awards, established by Schwab
Institutional, recognize these contributions by honoring advisors and firms
that have advanced the industry through their visionary leadership,
operational excellence and technology innovation. The IMPACT Awards are
judged by a panel of recognized experts and presented at IMPACT(R), one of
the industry's leading conferences. For more information, visit
impactawards.schwab.com .
About Schwab Institutional
Schwab Institutional, a division of Charles Schwab & Co. Inc., is a
leading provider of custodial, operational and trading support for
independent fee-based investment advisors. Client assets custodied with
Schwab Institutional stood at $468 billion as of September 30, 2006. These
assets, managed by the approximately 5,000 independent advisor firms Schwab
Institutional serves, represent approximately one-third of total client
assets custodied with The Charles Schwab Corporation.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 330 offices and 6.8 million client
brokerage accounts, 535,000 corporate retirement plan participants, 181,000
banking accounts, and $1.3 trillion in client assets. Through its operating
subsidiaries, the company provides a full range of securities brokerage,
banking, money management and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
offers a complete range of investment services and products including an
extensive selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services; referrals to
independent fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors through its
Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC)
provides banking and mortgage services and products. The Company's other
operating subsidiaries include U.S. Trust Corporation (member FDIC) and
CyberTrader(R), Inc. (member SIPC, http://www.sipc.org). More information
is available at http://www.schwab.com. (1006-08091)
SOURCE Charles Schwab
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Related links:
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CONTACT:
Michael Cianfrocca of Charles Schwab, mobile,
+1-415-307-1558, or Michael.Cianfrocca@schwab.com
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