State Street Global Advisors

Asset Managers (Corporate Social Responsibility, Education Thought Leadership)

For nearly four decades, State Street Global Advisors has been committed to helping its clients, and those who rely on them, achieve financial security. The firm’s clients include corporations, private and public pension plans, endowments and foundations, sovereign wealth funds, central banks and intermediary investors.

Partnering with many of the world’s largest investors and financial intermediaries, State Street Global Advisors helps clients reach their goals through a research-driven investment process spanning both indexing and active disciplines. With trillions in assets, the firm’s scale and global reach offer clients access to markets, geographies and asset classes. As of December 31, 2016, State Street Global Advisors had $2.47 trillion worth of assets under management and is the investment management arm of State Street Corporation.


Achieving diversity of thought by getting smarter about gender intelligence

Our industry will be poised for change when gender folklore is interrupted.

To realize a full-potential scenario we have to find new ways to solve old problems. And that starts with embracing diversity and harnessing the potential that better together can deliver for the industry, investment professionals and individual investors.

We have operated from two fundamental beliefs to achieve balanced gender representation:
1. View both genders as identical on the inside
2. Treat everyone the same

However, sizing up each gender with a check list doesn’t result in gender balance; and treating everyone the same may help eradicate bias, but doesn’t result in gender equality.

What if the solution isn’t eliminating the differences between men and women, but instead learning how to recognize, value, and leverage those differences?

SSGA’s Gender Intelligence perspective focuses on understanding and appreciating the naturally occurring characteristics that distinguish men and women beyond the biological and cultural, to include attitudinal and behavioral differences. Once we’re aware of how and why men and women think and act as they do, we can begin to understand gender-related tendencies – and we can engage more effectively.

Launched in March 2016, our initiative is based on proprietary research and outlines the science behind gender intelligence. This work complements a broader organizational commitment to gender-diverse leadership. For us, gender diversity isn’t just a matter of right and wrong – it’s a matter of performance, and it is a key issue for SSGA’s corporate governance efforts this year.

Succession Planning: Managing the Advisor Retirement Wave

Being a true fiduciary means ensuring that a practice’s value proposition is more than a pitch. Each financial advisor should have an engagement plan for every client, one that aligns services and deliverables to the value the clients receive in exchange for the fees they pay. When this is combined with a formal, actionable succession plan, an advisor is looking out for a client’s best interests in a holistic manner that spans generations.

Succession planning can be the cornerstone to a strategic growth strategy –transforming the trajectory of the practice by preserving practice value, retaining client service opportunities, and advancing AUM. Yet, less than one-third of advisors have put in place an actionable plan. And advisors’ looming plans for retirement –half of all advisors plan to retire in the next 14 years – only heighten the need to starting prioritizing succession planning today.

SSGA’s Succession Strategies program addresses the opportunities and challenges the advisor retirement wave presents. Working hand-in-hand with industry organizations, wealth management leadership and owner- advisors, our goal is universal: align the interests of investors, advisors, and wealth management firms to manage succession in a more effective and sustainable way.

Launched in late 2015, our initiative is based on extensive qualitative research and offers case studies and actionable recommendations addressing the advisor operating model and team structures, talent development methods and execution tactics against three advisor practice succession strategies.

Category Finalists

Asset Managers: Corporate Social Responsibility

Key Business Leader

Ronald O’Hanley
President & CEO

Browse All Finalists