Nominations for the 2009 IMPACT Awards will be accepted starting in May.

Eligibility
Open to all eligible, independent, fee-based advisors, the IMPACT Awards salute leading advisors and firms, regardless of their custodial relationships. Candidates and their firms must meet the program's eligibility requirements to participate. These requirements are more fully described in the IMPACT Awards Terms & Conditions.

Eligibility requirements include:

  • Be an SEC-registered independent investment advisory firm.
  • Have been in business as an independent investment advisory firm for at least 10 years (Best-in-Business Award and Charles R. Schwab IMPACT Award®), more than 5 years (Best-in-Tech Award), and less than 10 years (Pacesetter Award).
  • Have at least $25 million in assets under management.
  • Have at least 75 percent of revenue as fee-based.
  • Have at least 75 percent of client base as individual investors, or manage at least $100 million on behalf of individual investors.
  • In addition to the above criteria, the Charles R. Schwab IMPACT Award requires that an individual:
    • Be a current principal or founder of an independent registered investment advisory (RIA) firm. (If an RIA is acquired by another firm, the principal must have held an ownership stake before the acquisition and currently hold a managerial position in the firm.)
    • Have at least 10 years of personal experience managing investments in securities as an independent investment advisor, providing investment advice to individual investors as an officer or employee of an RIA.

For the Charles R. Schwab IMPACT Award, individuals must be nominated by a third party. Self-nominations will not be considered.

Schwab reserves the right to disqualify an advisor or firm for any reason, including adverse disciplinary history or bankruptcies. See the IMPACT Awards Terms & Conditions for more information.

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