To all the financial advisors who might be hesitant to share your story as a nominee for the Invest in Others Awards, we understand how you feel. We hear it all the time. It goes something like this: “I don’t do my charitable work in order to gain recognition.” Sound about right?
We thought so. But let us tell you three reasons why you shouldn’t shy away from this opportunity.
Funding for Charity
If you’re selected as a winner or finalist, your nonprofit could receive an award donation of up to $50,000. That’s enough to renovate an old school into a community center in Detroit, provide 7,200 bags of food to kids in need, match nine students with mentors, or purchase a new van to transport sick children to hospitals in Uganda. That’s how previous recipients have used their donations. How would you use yours?
Awareness of the Cause
If a tree falls in the forest and no one is around to hear it, does it make a sound? Invest in Others provides a national platform for your cause, increasing awareness in the advice industry, your firm, and your community. This awareness can lead right back to #1, funding. More than 80% of IiO Award honorees said recognition from Invest in Others generated additional community awareness of their charity, and two-thirds reported that it resulted in additional funds for their charities. Just ask the advisor who was able to raise an additional $200,000+ for his nonprofit after winning one of our awards.
Help the Industry
It’s no secret that the wealth management industry takes a beating in the headlines. Why not give them something positive to talk about instead? “We know we have a perception problem, but the only way we’re going to overcome it is to own the narrative and tell stories about the good that advisors do,” said Kate Healy, Managing Director, Generation Next at TD Ameritrade Institutional. “It’s also a great way to attract clients and next gen talent to the industry.” The whole is greater than the sum of its parts. By sharing your story with us, you can help us shine a light on the good in the industry.
Nominations for the 2020 Invest in Others Awards are open until April 3rd. Click here to learn more about nominating an advisor. Finalists will be announced in mid-July.