ACCLAIM | WEALTHBRIEFING RECOGNIZES LEADERS ACROSS THE GLOBAL WEALTH MANAGEMENT INDUSTRY
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Powering Purpose at Scale: The Platform Advancing Modern Philanthropy in Wealth Management Please explain why you/your business was able to reach this award-winning level? As the leading provider of philanthropic software and services, Foundation Source is uniquely positioned to help advisors engage with foundations and nonprofits confidently and effectively. We are the only provider to deliver scalable, end-to-end digital solutions across private foundations, donor-advised funds and planned giving to help advisors grow their practice with philanthropy. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives that meet a wide range of philanthropic objectives quickly, professionally, and compliantly. Foundation Source supports more than 5,600 private foundations, 20,000 DAF account holders, and 1,700 nonprofits, administers more than $55 billion in charitable assets, and facilitates more than 190,000 grants and planned gifts that represents more than $4 billion in charitable aid annually. What are the key challenges you foresee in wealth management over the next five years, and how are you positioning your business to meet them?
Joe Mrak CEO Foundation Source
A historic wealth transfer is already underway – an estimated $84 trillion is expected to be passed to the next generation over the next two decades. These heirs view wealth through a new lens, prioritizing impact, values, and purpose alongside performance. This shift is reshaping what clients expect from their wealth managers, and those who fail to integrate philanthropy into their offering will struggle to connect with the next generation. That’s where Foundation Source comes in: our team delivers comprehensive support through innovative tools and robust educational resources that make it easy to manage charitable planning alongside other core wealth management functions. We meet advisors wherever they are on their philanthropic journey – whether they’re just beginning to introduce giving conversations or already supporting sophisticated charitable strategies – so they can successfully support clients’ philanthropic goals and optimize financial outcomes. As this transition accelerates, our focus is on equipping advisors to meet this moment with confidence, enabling them to align clients’ values and goals with their broader wealth plans, without adding unnecessary operational complexity to their practice. What role has collaboration - either internally or with external partners - played in your success?
Winner • Thought Leadership (non-consultancy)
Internal collaboration has been fundamental to our success as a thought leader bridging the gap between charitable giving and wealth management. Our team has expanded significantly over the past couple of years as we have added planned giving services, donor-advised fund capabilities, and more sophisticated philanthropic support to our platform. In combination with our flagship private foundation platform, acquisitions in these areas have supercharged our deep bench of experts. Drawing on more than 100 years of combined experience, we work together to anticipate emerging trends, address complex planning challenges, and translate nuanced topics into practical guidance for the wealth management community.