Eric Schwartz is the Executive Chairman of the Board of Directors and serves on the Executive Council for Cambridge Investment Research, Inc. Over 35 years ago, Schwartz acted with an inspired vision to wholeheartedly embrace the fee approach – long before the term “hybrid advisor” became an industry norm – and in turn led the industry-wide paradigm shift: the development of a hybrid model to support freedom of choice and open architecture fee and commission platforms. Intent on innovation and problem solving, he is focused on solving one of the greatest challenges facing independent advisors and the industry – business continuity and succession planning. Years ago, Schwartz realized that to inspire urgency for advisors to formalize business continuity and succession plans, Cambridge had to lead by example and embrace planning as a broker-dealer with the same enthusiasm.
He has spent several decades establishing a flexible business model, a committed senior leadership team, a legal structure, and a formal succession plan, all in order to stay focused on the independent financial advisor and remaining true to Cambridge’s core values of integrity, commitment, flexibility, and kindness. In May 2015, Schwartz was honored by Investment Advisor magazine as one of the 35 most influential people in the business over the past 35 years and in May 2010 he was named one of the 30 most influential people in the business over 30 years by Investment Advisor magazine.