Dayna Cerrone

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2024 BISA DE&I Awardee Symetra’s Blueprint for DE&I Success in Financial Services

Nov 13, 2024 | portfolio.bisanet.org | Richard Vanderford |Alex Ortolani |Dayna Cerrone

Symetra, a distinguished recipient of the BISA 2024 Diversity, Equity & Inclusion (DE&I) Award, exemplifies leadership in advancing DE&I within the financial services industry. This recognition celebrates organizations demonstrating exceptional dedication, innovation and tangible results in promoting diversity.
Principal’s Deanna Strable To Take Over as CEO in 2025

Nov 12, 2024 | portfolio.bisanet.org | Alex Ortolani |Dayna Cerrone |Richard Vanderford

Principal Financial Group announced that Chief Operating Officer and President Deanna Strable will take over as CEO, effective Jan. 7, 2025. Principal’s board of directors appointed Strable to replace Dan Houston, who will continue to serve as executive chair of the board. Houston will step down after about 10 years as CEO. Read the full article on planadviser
Wells Fargo Adds Exec in RIA Channel Buildout

Nov 8, 2024 | portfolio.bisanet.org | Glenn Koch |Dayna Cerrone |Richard Vanderford |Alex Ortolani

Wells Fargo's nascent RIA Solutions has expanded its leadership ranks with the addition of George Tamer as channel enablement leader. Tamer will be responsible for providing a competitive offering of products, technology, third-party vendors and other services to registered investment advisors that custody their assets at Wells. Tamer spent most of his career at TD Ameritrade Institutional, where he was a managing director of sales and relationship management from 2013 to 2021.
PNC Doubles Down on Branch Expansion

Nov 8, 2024 | portfolio.bisanet.org | Manya Saini |Dayna Cerrone |Richard Vanderford |Nupur Anad

PNC Bank will increase its investment in branch expansion by an additional $500 million to open over 100 new locations and renovate 200 existing ones. "While we offer our clients a variety of different ways to interact with us, our branches continue to be the heartbeat of our retail franchise," said Alex Overstrom, PNC's head of retail banking. Read the full article on Reuters
Vanguard Reaches $40 Million Settlement in Target-Date Fund Lawsuit

Nov 7, 2024 | portfolio.bisanet.org | Andrew Welsch |Dayna Cerrone |Richard Vanderford |Alex Ortolani

Vanguard has agreed to pay $40 million to settle a lawsuit brought by a group of investors over changes the asset manager made to target-date funds (TDFs) that the investors say stuck them with large tax bills. The settlement comes more than two years after investors in Vanguard’s TDFs filed their initial complaint seeking class action status in a federal court in Philadelphia in March 2022.
Cetera CEO Adam Antoniades To Step Down by Year-End

Nov 7, 2024 | portfolio.bisanet.org | Diana Britton |Dayna Cerrone |Richard Vanderford |Alex Ortolani

Adam Antoniades, who has served as CEO of Cetera Financial Group since December 2019, will retire from his role at the end of the year. Mike Durbin, CEO of Cetera’s parent company, will assume Antoniades’ position. Antoniades served as president of Cetera from 2014 to 2019. Under his leadership, the firm has grown to about 12,000 advisors, more than $521 billion in assets under administration and $224 billion in assets under management, as of June 2024.
NASAA Eyes Restrictions for 'Advisor' Title Use

Nov 6, 2024 | portfolio.bisanet.org | Leo Almazora |Dayna Cerrone |Richard Vanderford |Alex Ortolani

The North American Securities Administrators Association (NASAA) has proposed amendments to its model rule, aiming in part to prohibit the use of “advisor” titles by brokers who lack the corresponding requirements. The changes are part of the group's response to evolving industry standards and the SEC’s 2019 Regulation Best Interest rule.