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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
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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.
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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.
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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.
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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.
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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.
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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.
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Nov 14, 2024 | 
portfolio.bisanet.org | Julia Shapero |David Zimmerman |Scott Stathis |Lindsey Lewis
Eighteen state attorneys general sued the U.S. Securities and Exchange Commission (SEC) and its chair Gary Gensler for allegedly overstepping the agency’s authority in its enforcement actions against the cryptocurrency industry. "The SEC’s assertion of sweeping jurisdiction without congressional authorization deprives states of their proper sovereign role and chills the development of innovative regulatory frameworks for the digital asset industry,” the complaint reads.
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Nov 13, 2024 | 
portfolio.bisanet.org | Leo Almazora |David Zimmerman |Scott Stathis |Lindsey Lewis
DPL Financial Partners has teamed with Envestnet, integrating annuity and insurance product data from the former's platform within the latter's wealth management systems.
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Nov 13, 2024 | 
portfolio.bisanet.org | Isabelle Lee |David Zimmerman |Scott Stathis |Lindsey Lewis
Bloomberg Intelligence data show that total net inflows into U.S. exchange-traded funds (ETFs) reached $913 billion in November, beating 2021’s record inflow with still another month to go. Total U.S. ETF assets hit the $10 trillion mark for the first time in September, with more than 600 products debuting since the start of the year.
Read the full article on Bloomberg
