Ethos is Actuating an Industry Movement
At Ethos, not only are we committed to the financial health of our clients, but to the advancement of the industry. With this in mind, Ethos has actuated an industry movement to set higher standards for financial professionals. It is not only long overdue, it is an obligation to investors and the industry.
In late 2013, the founder of Ethos Private Wealth, Matthew Lapides, began an ambitious initiative and established an advisory Board composed of the top executives from Fidelity, Pershing/BNY Mellon, TD Ameritrade, and LPL Financial. Through a collective effort, a “CEO Summit” was held in New York City in January 2014 to have a candid conversation about how we can collectively advance the industry in a fashion that no single firm is able to accomplish unilaterally.
The result was the formation of a Board of Standards built on the framework developed by several advisory boards. The intent is have advisors aspire to achieve greater professionalism, provide value to their local communities and help restore confidence in financial services. The starting point was the creation of specific criteria that defines a Top Adviser, those traits that define the community of excellence.
Uniquely, those who will be inducted as members into the Board of Standards require no specific firm affiliation, they simply are required to meet the requirements set by the Governing Board. This will have a formal launch in late Summer 2014.
What we are doing here, can make a real difference for investors seeking the most qualified advisors in their own geographies.