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Nov 6, 2024 | 
portfolio.bisanet.org | Suzanne McGee |Carolina Mandl |Cynthia Kim |Sam Del Rowe
In this episode of the BISA Portfolio Podcast, BISA Regulatory & Compliance Education Committee member Connie Capco of Northern Trust Securities talks with Jarret Jacobs of Fifth Third Securities and Debi Lucke of Ameriprise Financial Services about their approaches to navigating the world of customer complaints.
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Nov 5, 2024 | 
portfolio.bisanet.org | Mason Braswell |Suzanne McGee |Carolina Mandl |Cynthia Kim
Wells Fargo Advisors will require independent brokers at its financial network channel to seek approval in some cases before selling stakes in their practices, according to insiders. Wells told brokers that the firm has concerns that an outside investment, particularly those where they receive equity in the buyer, could constitute a private securities transaction or outside business activity, according to one of the sources.
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Nov 4, 2024 | 
portfolio.bisanet.org | Gabrielle Saulsbery |Suzanne McGee |Carolina Mandl |Cynthia Kim
Flagstar Bank named both a new chief information officer (CIO) and credit review chief to boost its technology oversight and credit processes. Christopher Higgins brings 40 years of experience to Flagstar’s CIO post, including several years at MUFG Americas and U.S. Bank, which acquired MUFG Americas. Rich Martin brings 30 years of experience as Flagstar's new head of credit review. He most recently served as executive director of credit review at First Citizens Bank.
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Nov 1, 2024 | 
portfolio.bisanet.org | Steve Randall |Suzanne McGee |Carolina Mandl |Cynthia Kim
George Stephan has been appointed to the newly created role of global chief operating officer (COO) at Franklin Templeton Wealth Alternatives. Stephan has worked for more than five years at KKR, most recently as head of strategy and business development for the Global Client Solutions unit. Prior to that he was COO of Americas Global Wealth for more than four years.
Read the full article on InvestmentNews
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Oct 31, 2024 | 
portfolio.bisanet.org | Leo Almazora |Suzanne McGee |Carolina Mandl |Cynthia Kim
Cetera's new Risk-O-Meter aims to provide a comprehensive look at the regulatory landscape facing advisory practices. "In today’s rapidly changing regulatory environment, being informed is not just important — it’s essential," said Mark Quinn, director of regulatory affairs at Cetera. "The rules governing our industry are becoming more complex and stringent every year."
Read the full article on InvestmentNews
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Oct 31, 2024 | 
portfolio.bisanet.org | Leo Almazora |Suzanne McGee |Carolina Mandl |Cynthia Kim
JD Power's 2024 U.S. Advisor Online Experience Study found that advisors prize the “ease of doing business" when selecting asset management partners, second only to investment returns. "Returns will always be important,” Craig Martin, executive managing director of wealth intelligence at JD Power, said in a statement. “But when enhancing brand perceptions ...
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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 30, 2024 | 
portfolio.bisanet.org | Rich Blake |Sara Belcher |Suzanne McGee
As Financial Exploitation Awareness Month brings attention to the growing risks in today’s financial landscape, advisors must remain vigilant against increasingly sophisticated scams targeting vulnerable clients. With the rise of AI-driven "deep fakes" and other deceptive tactics, nearly anyone could fall victim to fraud.
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Oct 29, 2024 | 
portfolio.bisanet.org | Elaine Misonzhnik |Suzanne McGee |Carolina Mandl |Cynthia Kim
BlackRock has teamed with alternative investment platform iCapital and turnkey asset management platform GeoWealth to allow registered investment advisors (RIAs) who use BlackRock’s custom model portfolios to invest in private assets alongside traditional investments in unified managed accounts.
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Oct 28, 2024 | 
portfolio.bisanet.org | Sara Belcher |Rich Blake |Suzanne McGee
Ari Linder, a financial advisor for Merrill Lynch Wealth Management, discusses the importance for transgender people like them to make space for themselves in finance and other careers. As a financial advisor, Linder said one of the most important parts of their job is knowing their clients, which is why they encourage more LGBTQ+ people to consider careers in finance.
