Wealth management

Flourish / Wealth Management IQ Survey Finds Advisors Vastly Underestimate Clients’ Held-Away Cash Holdings

Retrieved on: 
Tuesday, March 26, 2024
CRM, FDIC, APY, Wealth management, Research, Insurance, WMIQ, RIAS, Safety, Operation, Orbit, Financial adviser

Key findings and insights include:

Key Points: 
  • Key findings and insights include:
    Clients’ cash holdings are vastly underestimated: Surveyed advisors believe their average client holds 7% of their net worth in cash, while high net worth individuals actually hold more than 30% of their net worth in cash .
  • Clients want high yield on their cash: 92% of advisors report that their clients have expressed interest in high-yield savings accounts (HYSAs).
  • Advisors have the opportunity to improve relationships while helping clients earn more by offering a cash management solution to every client."
  • Flourish Cash , Flourish’s cash management solution, built explicitly for RIAs, offers clients competitive interest rates and elevated FDIC insurance through its Program Banks.

Joseph W. Adams Joins Wayne Bank as Senior Vice President

Retrieved on: 
Tuesday, March 19, 2024
Community, Wealth management, Palmyra Township, Trust, Commerce, Business manager, Committee, Financial adviser, Finger Lakes, Equal housing lender, Renovation, Financial management, Pace University, University, Senior, Lakes Region, Certification, FDIC, Bank, MBA, Pennsylvania House of Representatives, Management

HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank.

Key Points: 
  • HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank.
  • Adams most recently served as Director for Norwood Financial Corp and Wayne Bank, having resigned that position during the March 19, 2024 board meeting.
  • This is an exciting evolution for Wayne Bank and its employees, customers, and shareholders.”
    Adams has 39 years of financial management experience and has held titles including Business Manager, Financial Advisor, School Superintendent, and Senior Executive Vice President of Wealth Management.
  • Wayne Bank is a wholly-owned subsidiary of Norwood Financial Corp. Wayne Bank is a Member FDIC, an Equal Housing Lender, and is headquartered in Honesdale, Pennsylvania.

U.S. Bank Ranks #1 in Investor Satisfaction with Full-Service Wealth Management Firms in 2024 J.D. Power Study

Retrieved on: 
Thursday, March 28, 2024
Personal Finance, Finance, Banking, Professional Services, Other Professional Services, Trust, Corporation, Wealth management, U.S. Bancorp, Bank, Institution, Commercial, System

1 in overall customer satisfaction for Wealth Management in the J.D.

Key Points: 
  • 1 in overall customer satisfaction for Wealth Management in the J.D.
  • Full-Service Investor Satisfaction Study, the bank shared today.
  • The survey of 9,951 investors rates customer satisfaction among those who work directly with a dedicated financial advisor or team of advisors.
  • We have a talented and passionate team of advisors who are there for our clients at every stage of their wealth journeys.

Nicolet National Bank Hires William Bohn to Lead Wealth Management and Private Client Services

Retrieved on: 
Tuesday, March 26, 2024
Banking, Asset Management, Professional Services, Finance, Culture, Investment management, Risk management, Associated, EVP, Marquette University, Insurance, Wealth management, Marquette University Law School, Head, Nicolet Bankshares, Associated Banc-Corp, Pension, Trust, Bohn, Feeding America, NIC, Bellin, National bank, Management

Nicolet National Bank (“Nicolet”), the operating entity of bank holding company Nicolet Bankshares, Inc. (NYSE: NIC), today announced the hiring of William Bohn as Executive Vice President, Wealth Management, Private Client and Trust Services.

Key Points: 
  • Nicolet National Bank (“Nicolet”), the operating entity of bank holding company Nicolet Bankshares, Inc. (NYSE: NIC), today announced the hiring of William Bohn as Executive Vice President, Wealth Management, Private Client and Trust Services.
  • He will report directly to Mike Daniels, Chairman, President, and CEO, overseeing Wealth Management, Retirement Plan Services, Private Client Services, and Trust and Investment Management.
  • “He brings leadership expertise to a Wealth and Private Client team that is growing quickly and will continue to be a key strategic focus at Nicolet.
  • He has successfully led numerous teams, including Wealth Management, Private Client Services, Retirement Plans, and Trust and Investment Services.

Roger Hobby Joins Empower as EVP for Personal Wealth

Retrieved on: 
Monday, March 25, 2024
Professional Services, Consumer, Seniors, Finance, Asset Management, Consulting, Personal Finance, EVP, Empower, Harvard Business School, Wealth management, Wealth, University, Hobby, Wilmington Trust, Thought, Fidelity, Fidelity Investments, Investment, Multimedia, Workplace, FINRA

View the full release here: https://www.businesswire.com/news/home/20240325760082/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240325760082/en/
    Roger Hobby Joins Empower as EVP for Personal Wealth.
  • (Photo: Business Wire)
    Hobby will join Empower on April 1 and bring extensive wealth management, executive benefits, workplace, and general management skills.
  • He will lead the company’s in-plan and direct-to-consumer long-term customer focus, which will include delivering outstanding service, financial planning, and advice expertise.
  • “Roger has a very deep understanding of our customers’ needs and choices, and I am confident he will help Empower Personal Wealth create valuable experiences for them,” said Carol Waddell, President of Empower Personal Wealth.

Kerrick Henderson at The Michalzuk Group at Morgan Stanley Receives CHARTERED FINANCIAL ANALYST® Designation

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Finance, Consulting, Asset Management, Banking, Personal Finance, CFA Institute, Trust, Chartered, Wealth, Wealth management, Morgan Stanley Wealth Management, Insurance, Morgan Stanley, CFA, Curriculum, Retirement, Economics, SIPC, Financial services

Morgan Stanley (NYSE: MS) today announced that Kerrick Henderson, a Private Wealth Advisor with The Michalzuk Group has earned the Chartered Financial Analyst® (CFA® ) designation.

Key Points: 
  • Morgan Stanley (NYSE: MS) today announced that Kerrick Henderson, a Private Wealth Advisor with The Michalzuk Group has earned the Chartered Financial Analyst® (CFA® ) designation.
  • Kerrick Henderson, CFA and his partner Kevin Michalzuk, formed The Michalzuk Group to simplify the complexities of multi-generational wealth for the 12 enterprising families they serve.
  • Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
  • Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.

Brown Brothers Harriman Adds Wealth Management and Multi-Family Office Team in Houston

Retrieved on: 
Tuesday, March 19, 2024
Consulting, Personal Finance, Professional Services, Philanthropy, Other Philanthropy, Asset Management, Data Analytics, Other Professional Services, Foundation, Thought Leadership, Finance, Salient Partners, Growth, Customer, Ianni, Partnership, Wealth management, Executive officer, Acquisition, BBH, Multi-family office, Brother, Financial services

Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion of its Wealth Management and Multi-Family Office team in Houston with the hiring of Matthew Summers and Matthew Moncrief.

Key Points: 
  • Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion of its Wealth Management and Multi-Family Office team in Houston with the hiring of Matthew Summers and Matthew Moncrief.
  • The expansion of the team also reflects the growth of the BBH business in Houston and across the state.
  • Both Matthew Summers and Matthew Moncrief have joined as Managing Directors on the Relationship Management team.
  • The team at BBH continues to deepen its ties and commitment to the Houston community and takes its civic engagement seriously.

Reverse Mortgages Can Provide Needed Cash Flow and Flexibility, But Educational Opportunities Still Exist, WSFS Mortgage Study Reveals

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Banking, Personal Finance, Tax, Learning, Education, Ageing, WSFS, Knowledge, Sale, Wealth management, Long-term care, WSFS Bank, Life, Insurance, Senior, Housing, Retirement, Opinium Research, Real estate

According to a new study from WSFS Mortgage, a division of WSFS Bank (Nasdaq: WSFS), most homeowners with knowledge of reverse mortgages agree they can allow you to stay in your home longer (79%) and provide needed cash flow (76%) in retirement.

Key Points: 
  • According to a new study from WSFS Mortgage, a division of WSFS Bank (Nasdaq: WSFS), most homeowners with knowledge of reverse mortgages agree they can allow you to stay in your home longer (79%) and provide needed cash flow (76%) in retirement.
  • “A reverse mortgage could be a good option for those seeking to strengthen their cash flow in retirement.”
    The nationwide study, which surveyed 750 homeowners aged 60 years or older, gauged respondents’ financial stability, knowledge and attitudes toward reverse mortgages.
  • Lack of knowledge around reverse mortgages may be driving homeowners to overlook them as a viable option for their financial situation.
  • “Cash flow from a reverse mortgage can be an alternative source to a traditional investment portfolio.

Corebridge Financial Elects Deborah Leone to Board of Directors

Retrieved on: 
Monday, March 11, 2024
Professional Services, Insurance, Finance, Goldman Sachs, Syracuse University, Wealth management, Internal audit, Corebridge Financial, PWM, Audit committee, Trustee, Multimedia, IMD, Audit

Corebridge Financial, Inc. (NYSE: CRBG) today announced that its Board of Directors elected Deborah Leone as an independent director on March 5, 2024.

Key Points: 
  • Corebridge Financial, Inc. (NYSE: CRBG) today announced that its Board of Directors elected Deborah Leone as an independent director on March 5, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240311455964/en/
    Ms. Leone is a financial expert and retired partner of the Goldman Sachs Group, Inc., having built a 30-year career at the multinational investment bank and financial services company.
  • “We are very pleased to add someone with Deb’s broad experience and background to the Board of Corebridge Financial,” said Peter Zaffino, Chairman of the Board of Directors of Corebridge Financial.
  • In 2021, Ms. Leone joined the board of Organon, a global healthcare company with a focus on women’s health, where she serves on the Audit Committee.

Aspiriant Advisors Recognized by Forbes for Excellence in Wealth Management and Client Service

Retrieved on: 
Thursday, April 4, 2024
Investment advisory, Woman, Wealth management, MBA, JD, CPA

LOS ANGELES, April 4, 2024 /PRNewswire/ -- Aspiriant, a leading independent wealth management firm, is proud to announce that 12 of the firm's financial advisors have been named to the Forbes' 2024 Best-in-State Wealth Advisors list, five of whom are also included on the Forbes' 2024 Best-in-State Top Women Wealth Advisors list.

Key Points: 
  • LOS ANGELES, April 4, 2024 /PRNewswire/ -- Aspiriant, a leading independent wealth management firm, is proud to announce that 12 of the firm's financial advisors have been named to the Forbes' 2024 Best-in-State Wealth Advisors list, five of whom are also included on the Forbes' 2024 Best-in-State Top Women Wealth Advisors list.
  • The distinguished group was recognized for their commitment to helping clients' reach their long-term financial goals through excellence in financial planning, investment management and wealth management services.
  • "This honor underscores the client-centric approach that is a cornerstone of Aspiriant, and we are deeply honored by Forbes' consistent recognition of our financial advisors nationwide," said Rob Francais, Chief Executive Officer and partner at Aspiriant.
  • Sandi Bragar CFP® - Chief Client Officer, Partner (San Francisco, California)
    Lisa Colletti CFP®, JD - Managing Director in Exclusive Family Office, Partner (New York, New York)
    Helen Dietz CFP® - Managing Director in Total Wealth Management, Partner (Silicon Valley, California)
    Linda Kitchens CFP® - Director in Wealth Management, Partner (San Diego, California)
    Mary Ellen Krueger CIMA® - Director in Wealth Management, Partner (Milwaukee, Wisconsin)
    Rob Francais CPA – Chief Executive Officer, Member of Board of Directors and Partner (Los Angeles, California)
    Sandi Bragar CFP® - Chief Client Officer, Partner (San Francisco, California)
    Helen Dietz CFP® - Managing Director in Total Wealth Management, Partner (Silicon Valley, California)
    Nayan Lapsiwala CFP®, CFA®, CAIA- Director in Wealth Management, Partner (Silicon Valley, California)
    Ryan Benson CFP®, CPA - Director in Wealth Management, Member of Board of Directors and Partner (Orange County, California)
    Linda Kitchens CFP® - Director in Wealth Management, Partner (San Diego, California)
    Myles Rush CFP®, MS - Director in Wealth Management, Partner (San Diego, California)
    Lisa Colletti CFP®, JD - Managing Director in Exclusive Family Officer, Partner (New York, New York)
    Ryan T. Nelson CFA® - Director in Investment Advisory, Partner (Austin, Texas)
    Mary Ellen Krueger CIMA® - Director in Wealth Management, Partner (Milwaukee, Wisconsin)
    David Muchow CFP®, MBA - Director in Wealth Management, Partner (Milwaukee, Wisconsin)
    John Petrie CFP®, CIMA®, CPA - Managing Director in Total Wealth Management, Partner (Milwaukee, Wisconsin)