Family Wealth Report is launching its first-ever awards program to honor outstanding performance in the wealth management industry.

The publisher of this website, fresh from the success of its European and Asia-Pacific awards ceremonies held in London and Singapore this year, is broadening its reach by hosting the inaugural Family Wealth Report awards programme in New York. (Separately, as also announced, a Swiss/Liechtenstein awards programme has been launched, as reported elsewhere on this site.)

The winners from a shortlist will be announced at a gala dinner to be held at the Metropolitan Club, New York, on March 13, 2014.

Designed to honor best practice in this industry, outstanding institutional and individual achievements, the awards process comprises two judging panels, composed of investment advisors, who judge the trusted advisor categories, and other trusted advisors, judging the investment management categories. The panels are structured to ensure commercially sensitive information is kept confidential and to avoid conflicts of interest. External organizations will be brought into the process to ensure views of the overall industry, along with the end-user client base, are represented.

This publication aims to host the awards evening in a slick and snappy style, keeping the schedule tight – something that busy executives will surely appreciate.

The selection and judging process for the awards starts in the summer of this year. Nominations opened on August 6 and close on November 25. All firms will be told whether they have made the shortlist by January 7, 2014. Entrants who are shortlisted will be announced on Family Wealth Report – and its sister websites WealthBriefingAsia and WealthBriefing. There will also be an extensive public relations campaign to highlight the winners and shortlisted entrants.

The wealth management industry faces many challenges and it has never been more important to recognize high-quality service and achievement. So we urge readers to suggest nominations and get involved.

To register for the event and book a table, click here.