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1 month ago | 
portfolio.bisanet.org | Jennifer Reed |Michael Taffe
March is Women’s History Month, but it also sits in the center of a string of celebrations — Black History Month in February, and Celebrate Diversity Month in April. Diversity, equity and inclusion (DE&I) is at the heart of our ever-evolving industry, as well as the work of BISA. In this roundup, dive back into these DE&I articles from the past several months.
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1 month ago | 
portfolio.bisanet.org | Michael Taffe |Jennifer Reed
Nearly 35,000 registered representatives switched firms in 2024, a rate consistent with the prior year, according to data from ISS Market Intelligence. While turnover has stabilized from pandemic-driven fluctuations in 2021 and 2022, the dynamics of recent advisor moves reveal the growing appeal of independent contractor affiliations.
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1 month ago | 
portfolio.bisanet.org | Jennifer Reed |Michael Taffe
Wink reports that indexed life sales for the fourth quarter were $868.3 million, up 15.9% compared to the previous quarter. Total 2024 sales for indexed life were $3 billion. The year closed with a record-setting quarter for indexed life sales, topping the prior record in 2023 by 9.1%, according to Wink data. Quarter four of 2024 was also a record-setting year for indexed life sales, which topped the previous 2023 record by 7%.
Read the full article on Insurance News Net
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1 month ago | 
portfolio.bisanet.org | Rebecca Rainey |Jennifer Reed |Michael Taffe
The U.S. Senate confirmed former Oregon congresswoman Lori Chavez-DeRemer to head the U.S. Department of Labor (DOL), giving her sway over a wide swath of workplace protection laws, such as those governing wages, occupational safety, seasonal foreign employees and retirement investment advisors.
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1 month ago | 
portfolio.bisanet.org | Brady Dale |Jennifer Reed |Michael Taffe
Banks supervised by the Office of the Comptroller of the Currency (OCC) will no longer need permission to engage in certain kinds of common cryptocurrency-related activities. The OCC's interpretative letter 1183 clarifies that banks under the OCC may conduct cryptocurrency custody activities, engage in stablecoin businesses and operate as validation nodes on distributed ledgers, for verifying customer payments.
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1 month ago | 
portfolio.bisanet.org | Nicola White |Jennifer Reed |Michael Taffe
Mark Uyeda, acting chair of the U.S. Securities and Exchange Commission (SEC) said he expects a slowdown in the regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. Uyeda called out the breadth and the speed of SEC rulemaking under former Chair Gary Gensler, including policies aimed at the crypto industry.
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1 month ago | 
portfolio.bisanet.org | Evan Simonoff |Jennifer Reed |Michael Taffe
As the U.S. Securities and Exchange Commission (SEC) halts securities enforcement, the North American Securities Administrators Association (NASAA) is preparing to roll out a regulatory standard of its own to help states better protect investors from financial advisors with conflicts of interest, an NASAA official said.
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1 month ago | 
portfolio.bisanet.org | Rob Burgess |Jennifer Reed |Michael Taffe
The 2025 T3/Inside Information Software Survey found, that 41% of financial advisors are using one or more search or generative AI tools. Of those using these AI solutions, the most popular is ChatGPT, with 35.71% market share, followed by Microsoft Copilot at 12.12%, Google Gemini with 6.86% and Perplexity at 6.06%.
Read the full article on Financial Planning
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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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Oct 31, 2024 | 
financialadvisoriq.com | Michael Taffe
Wealth management industry political action committees, or PACs, contributed a total of more than $13 million to political candidates and campaign committees between January 2023 and September of this year.
