CEO Sonya Mughal ‘Women in Wealth Advisory (Individual)’ Winner
Please see page 19 for Sonya’s profile by the Family Wealth Report. The awards program is designed to showcase excellence in the North American wealth sector, and how entrants put their case forward can often be very revealing about the qualities on display. The Family Wealth Report Awards 2023 and 2022 judging process was conducted by expert panels and consist of judges from family offices, private banks, trusted advisers, consultants and other service providers each of whom has in-depth knowledge and a broad experience. The judging process is organized in a way so as to avoid conflicts of interest, and no judge will be asked to review a submission from an organization competitive to their own. Every submission is carefully reviewed to ensure the best companies and individuals are selected as winners in each category, whilst commercially sensitive information is kept confidential. This recognition does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance; there was no fee to enter.
Bailard Named a 2023 Best Places to Work for Financial Advisors
San Francisco, CA (March 2023) – Bailard has been recognized as a 2023 Best Places to Work for Financial Advisors as announced by InvestmentNews this week. The award recognizes firms that demonstrate a commitment to creating a positive work environment.
Bailard was chosen as one of this year’s top 75 firms based on employer and employee surveys delving into everything from company culture, benefits, career paths, and more. This serves as a testament of Bailard’s dedication to its stated core principles of accountability, compassion, courage, excellence, fairness, and independence.
“Our employees are the heart of Bailard, and we are thrilled to receive this honor for the fourth year in a row,” says CEO Sonya Mughal, CFA. “Bailard is fiercely committed to maintaining an environment where our colleagues feel empowered and valued. By encouraging our employees to grow and thrive, both professionally and personally, we bring our best to our clients and our community.”
Bailard’s dedication to providing exceptional service and guidance to clients remains steadfast, and the firm is honored to be recognized yet again by InvestmentNews. This is part of Bailard’s longstanding acknowledgement by the industry as a leading firm and a top workplace. In the past year, Bailard was also named one of the Pensions & Investments’ Best Places to Work in Money Management, as well as CNBC’s Financial Advisor 100.
InvestmentNews partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to compile the survey and recognition program.
“Every year, InvestmentNews is proud to profile those who prioritize taking care of their own. We applaud this year’s Best Firms for Advisors winners for investing in their most precious resource: their people,” said Paul Curcio, executive editor of InvestmentNews.
To learn more about the InvestmentNews 2023 Best Places to Work for Financial Advisors, please visit bestplacesforadvisors.com.
About Bailard Inc.
Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in-house ESG expertise. Through it all—and in line with its core principles and strong ESG mindset—Bailard works with clients to align their financial goals with their values. With over $5 billion in assets under management as of 12/31/2022, Bailard is a majority employee-owned and women-led firm, and a Principles of Responsible Investing (PRI) signatory. A values-driven firm based in the San Francisco Bay Area, Bailard has its own private charitable foundation* and is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.
About InvestmentNews
InvestmentNews is the leading source for news, analysis, and information essential to the financial advisory community. Since 1998, our standard of editorial excellence and deep industry knowledge has allowed us to educate, inform and engage the most influential financial advisors. Through a weekly newspaper, website, newsletters, research, events, videos, and webcasts, InvestmentNews provides exclusive and up-to-the-minute news, as well as actionable intelligence, that empowers financial advisors to serve their clients and run their businesses more effectively whenever, however, and wherever they need it.
About InvestmentNews Best Places to Work for Financial Advisors
The 2023 ranking was released by InvestmentNews in March 2023. Each year, this project is conducted in partnership with employee survey firm Best Companies Group. Winners are selected from a two-part survey completed by employers and employees. Employers report their organization’s workplace policies, practices and demographics, and employees complete a survey designed to measure the employee experience. Scores from the employee survey represent three-quarters of the weight of the final rankings. To qualify as one of InvestmentNews Best Places to Work for Financial Advisors, an advice firm must have at least 15 employees and have been in business for one year. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. In 2023, 75 firms were ranked, with 17 managers in Bailard’s category of 50+ employees. 2022’s ranking including 75 firms, 21 of which were in Bailard’s category. 2021’s ranking including 75 firms, 25 of which were in Bailard’s category. 2020’s ranking including 75 firms, 25 of which were in Bailard’s category.
*The Bailard Foundation has a board of directors that is led by chairwoman Terri Bailard, widow of firm co-founder Tom Bailard, and features both friends of Bailard, Inc. and employees.
Bailard Wins Fourth in its Category for Best Places to Work
San Francisco, CA (December 2022) – Bailard, a values-driven asset and wealth manager in the San Francisco Bay Area, has been included in the 2022 Best Places to Work in Money Management awards, announced by Pensions & Investments this week. The firm is honored to be ranked 4th in its category (of companies with 50-99 employees) and, notably, this marks the fifth consecutive year Pensions & Investments has recognized Bailard as a Best Place to Work.
Presented by Pensions & Investments, the global news source of money management, the 11th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
This recognition follows with Bailard’s commitment to its values on behalf of our colleagues, clients, and community. Each day, our employees show their commitment to the core tenets of accountability, compassion, courage, excellence, fairness, and independence. These values serve as a foundation to help create strong, prosperous relationships with clients and to also establish a safe and thoughtful work environment for employees.
“As their employees attest, the companies named to this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,’’ said P&I Executive Editor Julie Tatge. “Even as firms grappled with volatile markets and stresses from the pandemic, their employees said they felt strong support from their managers, enabling them to do their best work.’’
“Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 11th year. A strong workplace culture that supports talent, advocates progress, and drives innovation is paramount to driving the best outcomes. These asset managers demonstrate that. Congratulations to the 2022 honorees for fostering healthy and inclusive workplaces in the face of a rapidly evolving and challenging market,” said Chief Operating Officer of the publication, Nikki Pirrello.
“I humbly thank our employees for their continued exceptional efforts on behalf of our culture as well as our clients,” said Chief Executive Officer Sonya Mughal. “We pursue excellence across different functions and facets of our business. Yet, it is the manner in which we treat each other that allows us to distinguish ourselves. One of my goals as CEO is to uphold a considerate and welcoming environment, and receiving this multi-year honor from P&I stands as a strong testament. It’s our values that connect us to each other and to our clients.”
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first part evaluated each nominated company’s workplace policies, practices, philosophy, systems, and demographics. This was worth approximately 25% of the total evaluation. The remaining 75% of the evaluation consisted of an employee survey to measure the employee experience. The combined scores determined the top companies. For a complete list of the 2022 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2022.
About Bailard Inc.
Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in-house ESG expertise. Through it all—and in line with its core principles and strong ESG mindset—Bailard works with clients to align their financial goals with their values. With $4.8 billion in assets under management as of 9/30/2022, Bailard is a majority employee-owned and women-led firm, and a Principles of Responsible Investing (PRI) signatory. A values-driven firm based in the San Francisco Bay Area, Bailard has its own private charitable foundation* and is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses.
About Pensions & Investments’ Best Places to Work in Money Management
The 2022 ranking was released by Pensions & Investments in December 2022. To have been eligible for consideration, companies must meet the following criteria: be a for-profit or not-for-profit business or public agency; have a facility in the United States; have a minimum of 20 full and/or part-time employees working in the United States; must be in business a minimum of one year; and have at least $100 million of discretionary AUM. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. In 2022, 121 firms were ranked with 26 managers recognized in Bailard’s category of 50 to 99 employees. 2021’s ranking included 76 firms, 22 of which were in Bailard’s category. 2020’s ranking included 94 firms, 23 of which were in Bailard’s category. 2019’s ranking included 76 firms, 17 of which were in Bailard’s category. 2018’s ranking included 69 firms, 19 of which were in Bailard’s category.
*The Bailard Foundation has a board of directors that is led by chairwoman Terri Bailard, widow of firm co-founder Tom Bailard, and features both friends of Bailard, Inc. and employees.
Bailard Named to CNBC’s Financial Advisor 100
Bailard selected from thousands of RIA firms considered across the nation
Bailard is proud to announce we have again been selected for the CNBC Financial Advisor 100 list, which ranks the top firms across the nation providing advice and support as clients work towards their financial goals. This is the fourth edition of the CNBC FA 100, and we are incredibly honored to be recognized each year since the list’s inception.
The registered investment advisors (RIAs) recognized this year were selected from nearly 40,000 firms considered from the SEC’s regulatory database. From this initial list, 904 were given the opportunity by CNBC to complete an application for the CNBC FA 100 ranking. This data-driven selection process included considerations like the ratio of investment advisors to total number of employees, the total assets under management, and number of years in business.
“For the past four years, this recognition by CNBC has been a point of pride across Bailard, and we are always honored to be in the company of these industry-leading RIAs across the country,” said Sonya Mughal, CEO of Bailard. “This year, as we are supporting clients through an increasingly volatile market, this distinction is especially gratifying. We pride ourselves on bringing not only prudent advice in today’s changing times, but also values-driven guidance that fits our clients’ needs and goals for their financial future.”
Bailard ranked ninety-eighth on CNBC’s list. This ranking is the latest of a series of recognitions for Bailard’s role as an industry-leading workplace and commitment to supporting their community. This summer, Bailard made the San Francisco Business Times’ 2022 Top 100 Bay Area Corporate Philanthropists List, and at the start of the year the firm was named by InvestmentNews as one of the 2022 Best Places to Work for Financial Advisers.
“Our Wealth Management team demonstrates Bailard’s values each day, and this recognition by CNBC is another proof point of our commitment to excellence and independence in not only a changing market but also the evolving wealth management industry,” said Michael Faust, CFA, President of Wealth Management. “I am consistently humbled by the tremendous work from across our Wealth Management group, and I am excited for how we will continue to serve clients in the year ahead.”
To learn more about the method for CNBC FA 100 ranking, read below; this year’s full list is available here.
About Bailard, Inc.
Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in‐house ESG expertise. Through it all—and in line with its core principles and strong ESG mindset—Bailard works with clients to align their financial goals with their values. With $4.8 billion in assets under management as of 9/30/2022, Bailard is a majority employee‐owned and women‐led firm, and a Principles of Responsible Investing (PRI) signatory. A values‐driven firm based in the San Francisco Bay Area, Bailard has its own private charitable foundation and is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.
About the CNBC FA 100 methodology
This year’s list was announced on October 4, 2022 by CNBC; there was no cost to enter. NBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year’s FA 100 list. The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions’ proprietary database of registered investment advisors. This analysis started with an initial list of 39,818 RIA firms from the Securities and Exchange Commission regulatory database. Through a process, the list was eventually cut to 904 RIAs, with those firms meeting CNBC’s proprietary criteria. CNBC staff sent an extensive email survey to all those firms that met the initial criteria to gather more details. In turn, those advisory firms wishing to be ranked filled out the comprehensive application in regard to their practice. The CNBC team verified that data with those firms and with the SEC regulatory database. AccuPoint once again applied CNBC’s proprietary weighted categories to further refine and rank the firms, ultimately creating the list of the top 100. The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet CNBC’s requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included: Advisory firm’s regulatory/compliance record (editor’s note: Any firm that had a disclosure on its SEC ADV was automatically disqualified from the ranking); number of years in the business; Number of certified financial planners; Number of employees; Number of investment advisors registered with the firm; The ratio of investment advisors to total number of employees; Total assets under management; Percentage of discretionary assets under management; Total accounts under management; Number of states where the RIA is registered; and Country of domicile. Bailard ranked 98 out of 100 in 2022, 97 out of 100 in 2021, 86 in 2020, and 54 in 2019. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance.
About the 2022 Best Places to Work for Financial Advisers by InvestmentNews
This year’s list was announced on February 7, 2022 by InvestmentNews; there was no cost to enter. Currently in its fifth year, the InvestmentNews 2022 Best Places to Work for Financial Advisers program recognizes financial advice businesses that create meaningful work experiences for all their professionals. These firms value a commitment of excellence to both their employees and clients. It is from these encouraging foundations that advice firms can provide high quality and personalized investment and financial planning for clients. Each year, this project is conducted in partnership with employee survey firm Best Companies Group. Winners are selected from a two-part survey completed by employers and employees. Employers report their organization’s workplace policies, practices and demographics, and employees complete a survey designed to measure the employee experience. Scores from the employee survey represent three-quarters of the weight of the final rankings. To qualify as one of InvestmentNews Best Places to Work for Financial Advisers, an advice firm must have at least 15 employees and have been in business for one year. This year, a total of 75 firms were placed on the InvestmentNews 2022 Best Places to Work for Financial Advisers list. 21 managers were recognized in Bailard’s category of 50+ employees, where Bailard ranked #6. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance.
Bailard Wins Corporate Philanthropy Award
Bailard Ranks in Top 100 Bay Area Corporate Philanthropists
Foster City, CA — August 10, 2022 – Bailard announced today that it has been ranked in the San Francisco Business Times’ 2022 Top 100 Bay Area Corporate Philanthropists List. The Corporate Philanthropy program celebrates the Bay Area’s most generous corporate citizens and recognizes those companies that also give their time, talent, and resources to their community.
Bailard’s ranking among the top corporate philanthropists—joining firms like Google and Genentech—is yet another proof point for the firm’s robust approach to corporate governance and responsibility. Bailard is values-driven, and fiercely committed to its core tenets of accountability, compassion, courage, excellence, fairness, and independence. These values relate not only to client service but also to the firm’s fundamental business practices, employee experience, and its commitment to the community.
“Bailard’s generosity helps to raise the bar on corporate philanthropy and inspires more giving,” said Mary Huss, Publisher of the San Francisco Business Times. “Their participation in this program helps challenge others to do more.”
The annual list from the San Francisco Business Times recognizes the 100 top corporate philanthropists ranked by local cash giving. It includes for-profit companies and nonprofit health care organizations that made contributions to Bay Area-based charitable organizations in the following counties: San Francisco, San Mateo, Alameda, Contra Costa, Marin, Napa, Santa Clara, Solano, and Sonoma.
“In my role, I am consistently in awe of our team’s commitment to supporting our community, and their ability to find ways to give back to those in need,” said Chief Executive Officer, Sonya Mughal, CFA. “In addition to monetary contributions, our team also has a passion for volunteering as well as supporting our clients’ philanthropic goals.”
This recognition builds on the firm’s commitment to the Bailard Foundation, which recently released its annual update reporting on the Foundation’s service to Bailard’s community and its values.
About Bailard, Inc.
Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in‐house ESG expertise. Through it all—and in line with its core principles and strong ESG mindset—Bailard works with clients to align their financial goals with their values. With $5.0 billion in assets under management as of 6/30/2022, Bailard is a majority employee‐owned and women‐led firm, and a Principles of Responsible Investing (PRI) signatory. A values‐driven firm based in the San Francisco Bay Area, Bailard has its own private charitable foundation and is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.
About the Corporate Philanthropy Awards
For 22 years the San Francisco Business Times has published the Corporate Philanthropists List. The list features 100 top corporate philanthropists in the Bay Area ranked by local cash giving. Each year the list is unveiled at the San Francisco Business Times’ Corporate Philanthropy Awards event. The Corporate Philanthropy Awards program was founded in partnership with Northern California Grantmakers. A portion of the proceeds goes to NCG to fund the Corporate Philanthropy Institute, with the mission to educate more companies about effective giving and best philanthropy practices. The aim is to honor those who give the most and in doing so to help raise the bar and inspire more giving. This achievement does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. All for-profit companies – whether public or private – along with nonprofit health care organizations were eligible. Companies were required to provide a detailed breakdown of philanthropic contributions. This list ranks companies by dollar value of cash contributions made to Bay Area-based charities in the following counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. 100 firms appeared in the San Francisco Business Times list. Bailard ranked #82. There was no fee to enter. To see the ranking list, visit: https://bizj.us/1qg0z9
The Bailard Foundation Annual Update 2022
June 30, 2022
The Bailard Foundation celebrated its third anniversary in May. Bailard’s values shine through in many ways at the firm and the Foundation has quickly become another way for Bailard to exemplify its values of compassion, courage, and fairness. The Foundation channels Bailard’s strong commitment to the community through three focus areas: affordable housing, homelessness and poverty, and financial literacy. Since inception, the Foundation has donated $257,490 to grantees and remains appreciative of the incredible support receivedn by clients, employees, and friends of the firm during several challenging years. As we look to the future, the Foundation remains committed to building out additional in-person employee volunteer opportunities and expanding our grantee partnerships.
Giving Highlights
Employee Drives: The Foundation has conducted seven employee fundraising drives over the past three years, raising nearly $50,000 between employee contributions and the Foundation’s match. Our most successful drive to date was in March 2022 to support the ongoing crisis in Ukraine and highlights our employees’ commitment and generosity. In December 2021, we also held our Annual Holiday Drive, where employees received a match for contributions to their local food bank.
Volunteer Events: The Foundation held its inaugural in-person volunteer day on June 30 at Second Harvest of Silicon Valley. Fourteen Bailard employees gathered to sort 6,000 pounds of food for those facing food insecurity in the Bay Area. The Foundation looks forward to many future volunteer events around the Bay Area, underscoring our ultimate goal to build material relationships with our grantees by going beyond financial support and giving our direct time and effort. The next employee event will be at the SF-Marin Food Bank later in the summer.
Grantee Highlight – St. Francis Center
Mission: St. Francis Center provides opportunity for families living in Redwood City and the surrounding communities to live with dignity and build self-sufficient livelihoods.
Services: In addition to supplying food, housing, clothing and other essential services, the thriving community-based center seeks to reduce the cycle of poverty through skill building courses, mentorship programs and social services.
Grantee Highlight – World Central Kitchen
Mission: World Central Kitchen (WCK) works to provide food to global communities during crises, by being at the frontlines providing meals and by helping build resilient food systems in areas with chronic food system challenges.
Services: Founded in 2010 by Chef José Andrés, WCK is first to the frontlines, providing meals in response to humanitarian, climate, and community crises while working to build resilient food systems with locally led solutions. WCK has served more than 100 million fresh meals to people impacted by natural disasters and other crises around the world. WCK’s Resilience Programs strengthen food and nutrition security by training chefs and school cooks; advancing clean cooking practices; and awarding grants to farms, fisheries, and small food businesses while also providing educational and networking opportunities.
The Bailard Foundation supports initiatives that the firm, its employees, and its clients value, as we seek to collectively improve the communities in which we live, work, and engage. The Bailard Foundation has a board of directors that is led by chairwoman Terri Bailard, widow of firm co-founder Tom Bailard, and features both select friends of Bailard, Inc. and employees.
Photo credit: World Central Kitchen/WCK.org.
Bailard CEO Wins Women in Wealth Advisory (Individual) Category
– Bailard also named a Finalist in the Alternative Asset Manager and ESG Investing (Product) categories
FOSTER CITY, Calif. — May 10, 2022 — Bailard, a wealth and asset management firm based in California, is honored to announce its CEO, Sonya Mughal, CFA was named a winner in the ninth annual Family Wealth Report 2022 Awards. At this year’s ceremony held in New York City, Mughal had the distinction of being named the ‘Women in Wealth Advisory (Individual)’ winner, in her first year as a finalist in this category.
Showcasing the best of the family wealth industry in North America, the Family Wealth Report Awards have been designed to recognize outstanding firms across all aspects of family wealth management. The winners are then selected by a prestigious panel of independent judges through a rigorous process to assess the nominees across firm-level and individual categories. This judging process focuses on quantitative performance along with questions focused on client experience to identify the firms that reflect the industry’s best from multiple perspectives.
When considering Mughal’s submission in the Women in Wealth Advisory category, the judging panel explained their decision saying her leadership is, “personally and professionally inspirational [through] mentoring, accomplishing and giving back.”
Commenting on this year’s recognition, Mughal says, “It is certainly an honor to be represented alongside this year’s strong finalists for Women in Wealth Advisory, but it is an even greater privilege to win this award as a representative of Bailard. I am, as always, in awe of the strong women leaders in our company, and even more so how the entire Bailard team consistently acts on our firm’s core values, working tirelessly to bring strong results and great experiences to our clients.”
ClearView Financial Media’s CEO, and Publisher of Family Wealth Report, Stephen Harris, extended his congratulations to all the winners, saying, “The organisations and individuals who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations to the winners and to those who have put so much work into each winning submission.”
He adds, “These awards recognise the very best operators in the North American family office and wealth management space, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in American wealth management.”
In addition to this win for Mughal, Bailard is also proud to be named a finalist in the Alternative Asset Manager for the second year running, and a finalist for the first time in the ESG Investing (Product) category.
About Bailard, Inc.
Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in‐house ESG expertise. These investment capabilities are combined with financial, tax, and estate planning to provide sophisticated and comprehensive wealth management. Through it all—and in line with its core principles and strong ESG mindset—Bailard works with clients to align their financial goals with their values. With over $5 billion under management, Bailard is a majority employee‐owned and women‐led company, and a Principles of Responsible Investing (PRI) signatory. A values‐driven firm based in the San Francisco Bay Area, Bailard has its own private charitable foundation and is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.
*All information as of 3/31/2022. Neither Bailard nor any employee of Bailard can give tax or legal advice. Please consult your tax or legal professional for such advice.
About the Family Wealth Report Awards
The awards program is designed to showcase excellence in the North American wealth sector, and how entrants put their case forward can often be very revealing about the qualities on display. The Family Wealth Report Awards 2022 pool of Judges consisted of around 40 experts coming from family offices, private banks, trusted advisers, consultants and other service providers each of whom has in-depth wealth management knowledge and experience. The judging process is organised in a way so as to avoid conflicts of interest, and no judge will be asked to review a submission from an organization competitive to their own. Every submission is carefully reviewed to ensure the best companies and individuals are selected as winners in each category, whilst commercially sensitive information is kept confidential. This recognition does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance; there was no fee to enter.
About ClearView Financial Media Ltd
ClearView Financial Media was founded by Chief Executive, Stephen Harris in 2004, to provide high quality ‘need to know’ information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the WealthBriefing group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events and awards programme.
Our Values in the Midst of the Pandemic
Having accepted the post of CEO in the depths of a pandemic, I was optimistic that once we got past the worst, the next couple of years would at least be on a somewhat more upward trajectory. That was wishful thinking, in hindsight. The last 36 months have been challenging for all investment professionals. From dealing with the pandemic and inflation worries that have persisted longer than most thought, to an aggressive and very hawkish Federal Reserve Bank that raised interest rates at the fastest clip than most of us have seen in our careers, not to mention major market sell-offs in the equity and fixed income markets, and finally to classic “runs on banks” that bring back memories of the 1930s, this has been a challenging time. And it’s important to acknowledge that.
Several years ago, in connection with Bailard’s 50th anniversary, we set about codifying the values that are foundational to our company. Several were not unexpected—like Excellence, Fairness, and Accountability—but two stood out as different and important. I speak often to my colleagues about Compassion. It plays an instrumental role in how we treat each other and how we care for our clients, partners, and community. But, as the world continues to raise new challenges, the value of Courage keeps bobbing up to the surface.
Courage takes many forms in work and in life. Sometimes, Courage means holding steadfast to a sound plan in the face of adversity. On the other hand, it speaks to the willingness to challenge one’s thinking and take calculated risks when warranted. And, at its core, Courage is the backbone to stand up and do what is right, even when it is hard.
Crucially, I find that courage begets courage. When we push outside our comfort zones, we grow professionally and personally. It then compounds, building trust and serving as inspiration and creating a community where we motivate each other in the pursuit of greatness. I am inspired every day by this team. I see how their courage creates a workplace that is innovative and thriving, but also brave and caring.
With the words of Jim Collins in mind, it is impossible to foretell exactly what lies ahead and we, instead, rely on each other. For over five decades, individuals, families, and institutions alike have entrusted Bailard. We have weathered challenges together and forged new paths. The undercurrents of Compassion and Courage run deep and provide the wind at our backs, allowing us to look ahead in preparation for the next challenge.