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Dec 29, 2024 | 
portfolio.bisanet.org | Kehrer Group |Alex Padalka |Terrance Dopp
Female investment services directors earn substantially less than their male counterparts with similar experience, qualifications and responsibilities (EQR) at financial institutions, according to a recently released study by the Kehrer Group. The study, which included data from 55 participating executives, analyzed the factors that influence how directors are paid.
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Oct 30, 2024 | 
portfolio.bisanet.org | Kehrer Group |Suzanne McGee |Carolina Mandl |Cynthia Kim
A central theme of the eighth annual Kehrer study group on developing holistic advisors was that while bank-based advisors are doing more planning, more progress is needed. The typical financial firm did less planning last year, but the average advisor actually increased the number of new plans produced and overall plan penetration. The seeming anomaly exists because advisors in large banks, which employ most of the advisors, have higher plan productivity than counterparts at smaller banks.
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Oct 9, 2024 | 
portfolio.bisanet.org | Leo Almazora |Kehrer Group
In this episode of the BISA Portfolio Podcast series “DE&I Voices,” guest host Logan Hickman of Nationwide interviews 2024 Rising Stars awardees Madi Vandegrift of Truist Wealth and Juan Muñoz of Nationwide. They share their experience and inspiration as awardees and members of the Rising Stars program.
Listen to the full episode here or wherever you listen to podcasts, and then nominate yourself or someone else for the 2025 Rising Stars cohort! Nominations are now open and close Friday, Oct.
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Oct 8, 2024 | 
portfolio.bisanet.org | Leo Almazora |Kehrer Group
Cetera Financial Group is acquiring Alabama-based Concourse Financial Group Securities (CFGS), a subsidiary of Protective Life Corporation. The deal will see approximately 350 financial professionals from CFGS transition to the Cetera Wealth Partners community. Mike Durbin, who joined Cetera Holdings as CEO from Fidelity in May last year, emphasized the importance of this acquisition in the context of the broader industry.
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Oct 8, 2024 | 
portfolio.bisanet.org | Kehrer Group |Leo Almazora
Advisors in banks and credit unions acquired $13.7 million in new assets last year, on average, up 5% from 2022. But while advisors are acquiring new assets, they are also losing assets, as some clients spend down their savings or depart, resulting in net new assets last year actually falling 11% from 2022’s performance. Net new asset acquisition decreased across the board last year, but particularly in firms with at least 25 advisors.
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Oct 4, 2024 | 
portfolio.bisanet.org | Allison Bell |Leo Almazora |Kehrer Group
Life insurers are making the case that a non-variable annuity can also help clients cope with the ups and downs of an uncertain economy. No matter what the Fed and interest rates do, annuities “offer a safe haven for assets,” according to David Byrnes, chief distribution officer of Security Benefit.
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Oct 4, 2024 | 
portfolio.bisanet.org | Sam Del Rowe |Leo Almazora |Kehrer Group
Ameriprise Financial Senior Vice President of Business Development and Experienced Advisor Recruiting Manish Dave has resigned from the firm, effective immediately. The firm's advisor recruiting team will report in the interim to Pat O'Connell, executive vice president and president of the Ameriprise Advisor and Ameriprise Financial Institutions Groups. Dave had been with Ameriprise since 2006.
Read the full article on Financial Advisor IQ
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Oct 4, 2024 | 
portfolio.bisanet.org | Steve Johnson |Leo Almazora |Kehrer Group
Actively managed exchange-traded funds (ETFs) have taken more than 70% of the management fee income accruing from net flows into U.S.-listed ETFs so far this year. Assets held in passive U.S. ETFs and mutual funds surpassed those of active funds for the first time at the end of last year, according to Morningstar, after active funds suffered $450 billion of outflows in 2023, even as passive funds took in $529 billion. Now, active fund managers are fighting back.
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Oct 3, 2024 | 
portfolio.bisanet.org | Matt Wirz |Leo Almazora |Kehrer Group
10.03.24 Wall Street Races To Bring Private Credit to the Masses by: Matt Wirz Asset managers like BlackRock and State Street are racing to launch exchange-traded funds (ETFs) and other retail products based on private credit. The toughest problem is how to turn rarely traded portfolios of private loans into shares of funds that individuals can trade at will.
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Oct 3, 2024 | 
portfolio.bisanet.org | Valentina Baez |Leo Almazora |Kehrer Group
Financial advisors (FAs) need to account for the different preferences of a new generation of affluent investors who are actively seeking professional advice as their financial lives become more complex, according to a study by Cerulli Associates. From 2020 to 2023, the interest of such investors in paid financial advice grew across the board, with an increase of 8.6% for men and 17.3% for women. More than six in 10 people now express a willingness to pay for financial advice, the report found.
