David Zimmerman

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Articles

Biden Bans Oil and Gas Drilling in Federal Waters, Striking Final Blow against U.S. Energy on His Way Out

Jan 6, 2025 | lucianne.com | David Zimmerman

Original ArticlePosted By: Dreadnought, 1/6/2025 11:03:12 AMPresident Joe Biden will ban new offshore oil and gas drilling in more than 625 million acres of federal waters, the White House announced Monday, striking a final blow against domestic energy production just two weeks before President-elect Donald Trump takes office.
FBI Searching for Additional Suspects in New Orleans Terror Attack

Jan 1, 2025 | lucianne.com | David Zimmerman

Original ArticlePosted By: Dreadnought, 1/1/2025 8:03:39 PMInvestigators are searching for additional suspects connected to the New Orleans terror attack that left at least ten dead and 35 more injured in the early hours of New Year's Day, the FBI announced Wednesday afternoon. The deceased suspect who carried out the fatal truck-ramming attack has been identified as 42-year-old Shamsud-Din Jabbar.
Authorities Treating Cybertruck Explosion Outside Trump Hotel in Las Vegas as Possible Act of Terror

Jan 1, 2025 | lucianne.com | David Zimmerman

Original ArticlePosted By: Dreadnought, 1/1/2025 5:34:59 PMAuthorities are treating Wednesday morning's Tesla Cybertruck explosion outside Trump International Hotel Las Vegas as a possible act of terrorism. Before it exploded, the all-electric Cybertruck was parked in the valet area outside the Las Vegas hotel. The vehicle had apparently been loaded with fireworks, as security footage circulating on social media seems to indicate. The fire was extinguished and the public was told to avoid the area.
Leveraging Centers of Influence

Nov 26, 2024 | portfolio.bisanet.org | David Zimmerman |Scott Stathis |Lindsey Lewis

In this episode of the BISA Industry TrendWatch series, presented by BISA and Ameriprise Financial in partnership with Stathis-Mittel, guests Kimberly Heslop Cole and Mike Wyatt, CLTC, of Ameriprise discuss how to develop relationships with COIs within and outside your organization, including: The best COIs to work with How to build trust with COIs Fostering two-way referrals Community building with COIs
Motivating Financial Advisors: It's More About Discipline and Self-Drive Than You Think

Nov 20, 2024 | portfolio.bisanet.org | David Zimmerman |Scott Stathis |Lindsey Lewis |Ross Kerber

When it comes to motivating financial advisors, the common wisdom often falls short. It’s not about flashy incentives or high-pressure tactics. Instead, understanding what genuinely drives each professional makes all the difference. Financial advisors (FAs), like everyone else, thrive on self-motivation and disciplined practices. And yes, they need to know their 'why' to perform at their best. This article uncovers why discipline matters more than you'd think in fostering motivation.
More Professional Designations Mean More Success for Women Advisors

Nov 19, 2024 | portfolio.bisanet.org | Lindsey Lewis |David Zimmerman |Scott Stathis |Ross Kerber

Professional designations can be an effective advancement tool for women financial advisors, according to a new study from the FUSE Research Network and The American College of Financial Services.
Vanguard to Double Investor 'Voting Choice' Program for 2025

Nov 18, 2024 | portfolio.bisanet.org | Ross Kerber |David Zimmerman |Scott Stathis |Lindsey Lewis

Vanguard said clients will be able to direct the proxy votes of some $250 billion of its assets next year. In addition to making shareholders of several new funds eligible for its "Investor Choice" program, the asset manager will offer a new voting option with less support for socially focused matters. "We recognize that well-informed, smart people can have different opinions, and we want to deliver options to those investors," said John Galloway, Vanguard's global head of investment stewardship.
Luma Expands Into Life Insurance in Wealth Tech Industry First

Nov 15, 2024 | portfolio.bisanet.org | Leo Almazora |David Zimmerman |Scott Stathis |Lindsey Lewis

Luma Financial Technologies has announced the expansion of its platform to include life insurance, offering what it describes as the first fully integrated solution for managing both life insurance and annuities. “We are excited to extend our proven technology to the life insurance market, providing financial professionals with the first truly comprehensive solution in the industry,” said president and CEO Tim Bonacci.
A $7 Trillion and Growing Cash Pile Defies Wall Street Skeptics

Nov 15, 2024 | portfolio.bisanet.org | Alex Harris |David Zimmerman |Scott Stathis |Lindsey Lewis

Total assets held in money market funds climbed above $7 trillion last week for the first time ever. With signs mounting that the Federal Reserve may not cut benchmark rates much more in the near term, many on Wall Street predict that the funds will remain popular. “I’m struggling to see what is going to get either institutional or retail investors out of money market funds,” said Laurie Brignac, chief investment officer and head of global liquidity at Invesco Ltd.
Client Appetite for Fiduciary Oversight Drives UMA Adoption

Nov 14, 2024 | portfolio.bisanet.org | Michael Taffe |David Zimmerman |Scott Stathis |Lindsey Lewis

As client preferences lean toward managed accounts and fiduciary oversight, the industry has seen significant growth in unified managed accounts (UMAs). Fiduciary assets have steadily gained ground across the industry, now making up 56% of all client assets, compared to 40% a decade ago, according to a Cerulli Associates report. Half of client assets at independent broker-dealers are now in managed accounts, more than doubling their share over the past decade.