Mass affluent

Karen Lee Joins Choreo As Chief Growth Officer

Retrieved on: 
Thursday, October 5, 2023
Wells Fargo, RSM US, LLP, Strategic planning, Mass, Mile, Tax, Institution, Business analyst, Marketing, Growth, SVP, Mass affluent, UHNW, Management

CHICAGO, Oct. 5, 2023 /PRNewswire/ -- Choreo, LLC ("Choreo" or "the firm") announced today that it has named Karen Lee as Chief Growth Officer. She will report to Larry Miles, Choreo's CEO.

Key Points: 
  • CHICAGO, Oct. 5, 2023 /PRNewswire/ -- Choreo, LLC ("Choreo" or "the firm") announced today that it has named Karen Lee as Chief Growth Officer.
  • Lee joined Mercer Advisors as the Chief Marketing and Strategy Officer and most recently, she served as Chief Business Solutions Officer, where she helped launch its Institutional, UHNW, and Mass Affluent businesses.
  • Before that, Lee held senior vice president roles with Wells Fargo's community banking, corporate strategy and wealth management groups.
  • Lee joins SVP of Advisors Craig Bartlett and Chief Marketing Officer Marissa Fox-Foley as the newest members of Choreo's executive team.

Global High-Net-Worth Population Sees Biggest Decline in Size and Wealth for Over a Decade

Retrieved on: 
Thursday, June 1, 2023
Software, Accounting, Professional Services, Personal Finance, Fintech, Technology, Socially Responsible Investing, Asset Management, Other Professional Services, Finance, Other Technology, Environmental, Social and Governance (ESG), Consulting, Mass affluent, High-net-worth individual, Capital market, Augmented matrix, USD, Data analysis, Investment, Agility, HNWI, ESG, Growth, Cryptocurrency, Online shopping, Retail, Sales

North America registered the steepest wealth decline (-7.4%), followed by Europe (-3.2%) and Asia-Pacific (-2.7%).

Key Points: 
  • North America registered the steepest wealth decline (-7.4%), followed by Europe (-3.2%) and Asia-Pacific (-2.7%).
  • However, not many wealth management firms see ESG data analysis (52%) and traceability (31%) as a top priority.
  • The affluent2 segment now presents a new frontier as this population continues to grow in size and financial clout.
  • Regionally, North America (46%) and Asia-Pacific (32%) hold the largest share of global affluents in wealth value and population size.

TD Wealth Study Reveals Business Owners Are More Confident In Their Ability to Retire

Retrieved on: 
Thursday, December 9, 2021
Trust, Income, Maru, Research, TD Bank, Face, Manufacturing Advisory Service, Software, Retirement, TD, Industry, CEM, TD Waterhouse, Thompson, Employment, Multimedia, CX, COVID-19, Toronto-Dominion Bank, Communication, Mass affluent, TD Bank, N.A., NEW, Enterprise, Solution, Financial adviser

Economic uncertainty and market volatility continue to remain top concerns when it comes to business owners achieving their financial goals this year.

Key Points: 
  • Economic uncertainty and market volatility continue to remain top concerns when it comes to business owners achieving their financial goals this year.
  • Despite continued uncertainty, 62% of business owners reported that they did not make any changes to their retirement planning because of the pandemic.
  • As business owners are confident in their retirement plans by working with a financial advisor, many, and particularly younger business owners, are also increasing their communications with their advisors.
  • Sixty-three percent of business owners under the age of 34 communicated more with their advisor over the past year, compared to 26% of business owners aged 55 and older.

As Build Back Better Moves Forward, Taxes Top Concern for Investors

Retrieved on: 
Tuesday, December 7, 2021
Knowledge, Standard, Public opinion, Public relations, Income, Tax, Twitter, Marital status, Research, The Harris Poll, Population, Climate change, OH, Ultra high-net-worth individual, Nationwide Mutual Insurance Company, Thought, UHNW, Income tax, Adviser, Industry, Organization, FINRA, Education, Insurance, Policy, Time, COVID-19, Build Back Better Plan, Nationwide, Mass affluent, Facebook, NISC, Solution, HNW, Investment, Renewable energy, Financial adviser

According to our seventh annual Advisor Authoritystudy , powered by the Nationwide Retirement Institute, year-over-year, investors say taxes are one of their top three biggest financial concerns.

Key Points: 
  • According to our seventh annual Advisor Authoritystudy , powered by the Nationwide Retirement Institute, year-over-year, investors say taxes are one of their top three biggest financial concerns.
  • In fact, investors' concerns about taxes have nearly doubled in 2021 vs 2020 (27% vs 15%).
  • While the Build Back Better bill does have tax implications for some Americans, many may be overestimating this risk unless they are of extreme wealth.
  • "Under the current proposed reconciliation plan, income taxes would increase only for very high-income individualsnot most Americans," said Eric Henderson, President, Nationwide Annuity.

Securities-Based Lending Expected to Grow 20% plus by Year-End, According to New Broadridge Report

Retrieved on: 
Thursday, November 4, 2021
Mass affluent, COVID-19, Efficiency, Broadridge Financial Solutions, Growth, Marketing, Machine learning, NYSE, Industry, SBL, Bank, Financial services, Financial adviser

"We have seen dramatic digitization of the SBL business, particularly in the last 24 months," said Luke Nestor, Founder of Rockall a Broadridge business.

Key Points: 
  • "We have seen dramatic digitization of the SBL business, particularly in the last 24 months," said Luke Nestor, Founder of Rockall a Broadridge business.
  • "Loan origination on the workstation has made SBL accessible to the advisor who can now quickly initiate loans in the client meeting.
  • SBL's digital delivery makes it ripe for personalizationand differentiation across an increasingly competitive landscape, enabling increased productivity in advisor marketing.
  • Broadridge is part of the S&P 500 Index and employs over 13,000 associates in 21 countries.

Seventh Annual Advisor Authority Reveals Insights on Confronting the Impact of Compounding Financial Crises

Retrieved on: 
Monday, October 25, 2021
Safety, Social, Market trend, Financial crisis of 2007–2008, Recession, OPEC, Twitter, Organization, Global, The Harris Poll, Life, Crash, Facebook, COVID-19, Contract, Fed, Research, Social Security, Behavior, Insurance, Longevity insurance, Face, Public opinion, Income, Adviser, Investment, Solution, Marital status, Black Monday, Mass affluent, Great Depression, Education, Goal, Industry, Nationwide, Optimism, Broker-dealer, United States bear market of 2007–2009, Soap bubble, News, Nationwide Mutual Insurance Company, Population, Securities research, Risk management, Retirement, Impact, Public relations, Policy, Standard, RIAS, Uncertainty, Pension, Financial adviser

"Our seventh annual Advisor Authoritystudy makes it clear that working with an advisor or financial professional on a holistic plan is fundamental for investors to have the confidence they need to confront the impact of compounding financial crises," said Craig Hawley, Head of Nationwide Annuity Distribution.

Key Points: 
  • "Our seventh annual Advisor Authoritystudy makes it clear that working with an advisor or financial professional on a holistic plan is fundamental for investors to have the confidence they need to confront the impact of compounding financial crises," said Craig Hawley, Head of Nationwide Annuity Distribution.
  • Rising optimism in the face of outsized challenges reveals that advisors and financial professionals have built more confidence than investors after confronting the impact of compounding financial crises.
  • For additional insights on Confronting the Impact of Compounding Financial Crises, financial professionals can also download the latest infographic from the seventh annual Advisor Authority study at: https://news.nationwide.com/rising-above-compounding-financial-crisis-in...
    Nationwide's seventh annual Advisor Authority study powered by the Nationwide Retirement Institute explores critical issues confronting advisors, financial professionals and individual investorsand the innovative techniques that they need to succeed in today's complex market.
  • Among the 1,632 advisors and financial professionals, there were 790 RIAs, 790 broker-dealer, 501 wirehouse and 160 other financial professionals.

Associated Bank announces new strategic plans to accelerate its business

Retrieved on: 
Thursday, September 9, 2021

Associated also hired over 40 people with expertise in auto finance, including several with senior leadership experience in the industry.

Key Points: 
  • Associated also hired over 40 people with expertise in auto finance, including several with senior leadership experience in the industry.
  • He will lead the bank's Digital Delivery strategy while driving a comprehensive digital roadmap across the consumer and business bank.
  • Associated Bank management intends to provide additional details on its strategic plan and initiatives as part of the at the 2021 Barclays Global Financial Services Conference at 2:45 p.m.
  • Associated Banc-Corp (NYSE: ASB) has total assets of $34 billion and is Wisconsin's largest bank holding company.

Mass Affluent Target Propositions, 2021 Report - A Key for Sustainability and Growth - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Articles, Finance, Market segmentation, Money, Financial management, Investment management, Stock market, Wealth management, Mass affluent, Wealth

The "Mass Affluent Target Propositions, 2021 Update - A Key for Sustainability and Growth" report has been added to ResearchAndMarkets.com's offering

Key Points: 
  • The "Mass Affluent Target Propositions, 2021 Update - A Key for Sustainability and Growth" report has been added to ResearchAndMarkets.com's offering
    The global wealth market will increase by 8% in 2021, surpassing the $150 trillion mark.
  • On average, banks with the overall largest share in a market also tend to have the largest proportion of mass affluent individuals.
  • Targeting the mass affluent demographic has worked its way up the priority list for banks and wealth managers in recent years.
  • Using proprietary datasets, this report provides insight on the size of the current and future global mass affluent market.

THE NO BRAINER, DE-RISKING CONVERSATION EVERY ADVISOR SHOULD BE HAVING WITH THEIR MASS AFFLUENT CLIENTS

Retrieved on: 
Tuesday, December 15, 2020
Market segmentation, Mass affluent, Arent, Philanthropy

Cerulli reports that the mass affluent market segment is growing, and more advisors are turning their focus to include mass affluent individuals .

Key Points: 
  • Cerulli reports that the mass affluent market segment is growing, and more advisors are turning their focus to include mass affluent individuals .
  • What are the themes advisors can use to open up conversations with these clients?
  • Many mass affluent advisors may shy away from charitable giving as a discussion topic, understanding it to require expertise gifting complex assets, in-depth knowledge of the charity sector, or a topic mass affluent individuals might not be interested in yet.
  • High minimum opening requirements can be deterrents to mass affluent individuals who arent experienced with philanthropy.

PCMA Announces ZENITH 2.0, Investor Product for the Mass Affluent and High Net Worth

Retrieved on: 
Tuesday, August 4, 2020
Professional services, Technology, Residential Building & Real Estate, Finance, Software, Construction & Property, Market segmentation, Mass affluent, PCMA

It has not been very popular to stay the course these past five months; serving the Mass Affluent and High Net Worth when wall street capital is frozen out to this market segment and the depository banks have all but pulled back on their Jumbo programs.

Key Points: 
  • It has not been very popular to stay the course these past five months; serving the Mass Affluent and High Net Worth when wall street capital is frozen out to this market segment and the depository banks have all but pulled back on their Jumbo programs.
  • PCMA is the leading non-bank private client lending organization serving the needs of their mass affluent and high net worth clientele.
  • PCMA is a diversified financial enterprise offering private client solutions through a direct and indirect to consumer business model.
  • PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do.