Financial Industry Leaders Talk the “State of the Industry”

Ryan George, AVP of Marketing and Communications at 1st Global
April 4, 2018

What happens when a trio of industry leaders with 90+ years of experience get to talking? You learn a lot. About how things were, the challenges of today and how to best solve for the future.

Recently, 1st Global President David Knoch, Financial Services Institute (FSI) President & CEO Dale Brown and LPL Managing Director and Head of Business Development Bill Morrissey convened in midtown Manhattan for a passionate discussion about the independent financial advice industry.

The hour-long interview, hosted by Asset TV host Gillian Kemmerer, gets into many top-of-mind topics dominating both executive meetings and “water cooler” chats. These are key issues such as:

  • Defining the Firm of the Future
  • Navigating an Industry Experiencing Significant Disruption on Fees, Technology and Regulations
  • The Honor of the Profession and How to Best Deal with the Bad Actors
  • Attracting the Best and Brightest Employees, Advisor Prospects and Affiliate Firms
  • Solving the Diversity Dilemma


After a tumultuous two years navigating through constant changes and uncertainty for the DOL Conflict of Interest Rule, the industry’s future looks bright.

Knoch said it best: “Our mission has actually been incredibly successful…I think independent advisors have never been more powerful in having a voice and advocating for regulations and policies that make sense for them. That’s a great trend.”

Our Beliefs About Investing

Download the white paper to learn our philosophy for disciplined, long-term investors.