Interstate Insurance Product Regulation Commission

The William Guy Forbeck Research Foundation Announces Sponsors of the Blue Jean Ball Including CORT, CIBC, William Blair, and More

Retrieved on: 
Thursday, October 12, 2023

The William Guy Forbeck Research Foundation (WGFRF) is thrilled to announce the 2023 Blue Jean Ball sponsors including our gold sponsor, CORT, and Silver sponsors, CIBC and William Blair.

Key Points: 
  • The William Guy Forbeck Research Foundation (WGFRF) is thrilled to announce the 2023 Blue Jean Ball sponsors including our gold sponsor, CORT, and Silver sponsors, CIBC and William Blair.
  • It is especially important as we bring back the Blue Jean Ball to Lake Geneva after a COVID hiatus,” said Jamie Collins Forbeck, executive director of the WGFRF.
  • “CORT’s sponsorship includes furnishings including denim material sofas and chairs that fit our Blue Jean Ball theme.
  • “We're honored to be the gold sponsor of the 2023 Blue Jean Ball in support of the William Guy Forbeck Research Foundation and the incredible work they do,” said Brian Good, business development executive at CORT.

Wells Fargo launches Stock Fractions℠ in the Wells Fargo Mobile® app

Retrieved on: 
Thursday, September 14, 2023

Wells Fargo Wealth & Investment Management announces the launch of Stock Fractions℠, giving WellsTrade® clients the ability to buy fractions of a company’s stock in the Wells Fargo Mobile® app.

Key Points: 
  • Wells Fargo Wealth & Investment Management announces the launch of Stock Fractions℠, giving WellsTrade® clients the ability to buy fractions of a company’s stock in the Wells Fargo Mobile® app.
  • Stock Fractions℠ allows do-it-yourself investing clients to build a diversified portfolio, regardless of stock price.
  • “You can own a little of a lot of companies, and trading in your favorite companies could not be easier, all in the Wells Fargo Mobile® app,” she said.
  • This video highlights recent enhancements to the Wells Fargo Mobile® app and showcases its features.

Wells Fargo Investment Institute 2023 Midyear Outlook: Navigating end-of-cycle turbulence

Retrieved on: 
Thursday, June 15, 2023

Wells Fargo Investment Institute (WFII) has released its “ 2023 Midyear Outlook: Navigating end-of-cycle turbulence .” The report discusses WFII’s guidance to remain defensive in portfolio positioning, as the current economic slowdown is likely to evolve into a moderate recession during the second half of 2023 and into 2024, followed by a gradual, U.S.-led global recovery as 2024 progresses.

Key Points: 
  • Wells Fargo Investment Institute (WFII) has released its “ 2023 Midyear Outlook: Navigating end-of-cycle turbulence .” The report discusses WFII’s guidance to remain defensive in portfolio positioning, as the current economic slowdown is likely to evolve into a moderate recession during the second half of 2023 and into 2024, followed by a gradual, U.S.-led global recovery as 2024 progresses.
  • “Protecting capital during more challenging times is often as important, or more important, than growing capital,” said Darrell Cronk, chief investment officer for Wells Fargo Wealth & Investment Management.
  • WFII believes that earnings will contract further in 2023, and that an economic recession will stall 2023 corporate revenue growth.
  • Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs, and investment time horizon.

Half of Business Owners Do Not Want Their Children to Inherit, Run Business

Retrieved on: 
Monday, June 5, 2023

Operating your own business is considered an “American Dream” by many, yet when it comes to succession planning, half (52%) of business owners do not want their children to inherit and run the business, according to a recent Wells Fargo study.

Key Points: 
  • Operating your own business is considered an “American Dream” by many, yet when it comes to succession planning, half (52%) of business owners do not want their children to inherit and run the business, according to a recent Wells Fargo study.
  • “More parents are recognizing their children simply are not interested in joining the family business and are not pressuring them to do so.
  • Knowing what your children are interested in and where their strengths lie is key to effective succession planning.”
    Among parents, nearly all (94%) want their children to forge their own path, rather than follow in their footsteps.
  • Most wealth creators help their adult children financially in multiple areas:

The Institutes Griffith Foundation Welcomes New Advisory Council Members, Charles Chamness and Jillian Froment

Retrieved on: 
Thursday, February 16, 2023

The Institutes Griffith Foundation is pleased to announce the two newest members of the Advisory Council, Charles M. Chamness and Jillian Froment, J.D.

Key Points: 
  • The Institutes Griffith Foundation is pleased to announce the two newest members of the Advisory Council, Charles M. Chamness and Jillian Froment, J.D.
  • Both Chamness and Froment will help to advance Griffith’s mission to provide non-advocative, non-partisan education to public policy members.
  • Froment is executive vice president and general counsel at the American Council of Life Insurers (ACLI) .
  • Additionally, she was a member of the Federal Advisory Council on Insurance and a steering committee member for the EU-US Insurance Dialogue Project.

Triumph Appoints Tim Valdez President of Factoring Division

Retrieved on: 
Tuesday, December 13, 2022

DALLAS, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Triumph , a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Tim Valdez as president of its factoring division.

Key Points: 
  • DALLAS, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Triumph , a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Tim Valdez as president of its factoring division.
  • Our goal is for Triumph to thrive as a factoring company and for the entire transportation factoring industry to thrive.
  • His experience there, plus decades in the factoring industry, makes him the ideal leader for Triumph and an ambassador for the entire transportation factoring industry.”
    Prior to joining TriumphPay last year, Valdez worked at WEX Fleet One Factoring, where he managed the daily operations of its transportation factoring portfolio.
  • Factoring products and services offered by Triumph Financial Services LLC, a subsidiary of TBK Bank, SSB, DBA Triumph.

Wells Fargo Investment Institute 2023 Outlook: A Year of Recession, Recovery, and Rebound

Retrieved on: 
Friday, December 9, 2022

Wells Fargo Investment Institute (WFII) has released its 2023 Outlook: Recession, Recovery, and Rebound , which outlines WFIIs expectations for a recession in the first half of 2023, recovery around midyear, and a rebound that gains strength into year-end.

Key Points: 
  • Wells Fargo Investment Institute (WFII) has released its 2023 Outlook: Recession, Recovery, and Rebound , which outlines WFIIs expectations for a recession in the first half of 2023, recovery around midyear, and a rebound that gains strength into year-end.
  • View the full release here: https://www.businesswire.com/news/home/20221208006011/en/
    Wells Fargo Investment Institute 2023 Outlook (Graphic: Wells Fargo)
    The report looks closely at three key drivers: inflation, interest rates, and corporate earnings.
  • WFII believes that the decline of inflation will be a dominant theme in 2023, shaping the trajectory of economic growth and interest rates.
  • Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly-owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.

Triumph Bancorp Rebrands to Triumph Financial

Retrieved on: 
Thursday, December 1, 2022

DALLAS, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. today announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial).

Key Points: 
  • DALLAS, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. today announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial).
  • In addition to the Triumph Financial rebranding, the brands Triumph Business Capital, Triumph Insurance Group and Triumph Commercial Finance have consolidated factoring, insurance and banking services for the transportation industry to go to market as a single brand Triumph.
  • The new Triumph Financial name and logo reflect our evolution from a bank holding company to a financial and technology company focused on payments, factoring and banking, said Aaron P. Graft, vice chairman and chief executive officer of Triumph Financial.
  • Factoring products and services offered by Triumph Financial Services LLC, a subsidiary of TBK Bank, SSB, DBA Triumph.

Investors Putting Less in the Stock Market to Pay for Everyday Essentials

Retrieved on: 
Thursday, November 17, 2022

More than one-third of all Americans (36%) do not have any money in the stock market.

Key Points: 
  • More than one-third of all Americans (36%) do not have any money in the stock market.
  • Among Americans without money in the stock market:
    The study also revealed that many investors (57%) feel overwhelmed by investment options and need advice.
  • While financial advisors, financial institutions, and family are the top resources that investors turn to for advice, those resources vary by generation.
  • Assuming no sample bias, the maximum margin of error for full-sample estimates is 2% overall and 3% for those with money in the stock market (investors).

Evan Savarick Promoted to Managing Director of Investments

Retrieved on: 
Wednesday, October 12, 2022

NEW YORK, Oct. 12, 2022 /PRNewswire/ -- Wells Fargo Advisors announced Senior Portfolio Manager, Evan Savarick, has been promoted to Managing Director Investments.

Key Points: 
  • NEW YORK, Oct. 12, 2022 /PRNewswire/ -- Wells Fargo Advisors announced Senior Portfolio Manager, Evan Savarick, has been promoted to Managing Director Investments.
  • The Savarick Group, of Wells Fargo Advisors, partners with high-net-worth families and business owners with diverse backgrounds across the country.
  • "Our team's growth and success is a direct result of referrals from our happy clients," said Roy Savarick, Evan's father and Senior Vice President - Investments.
  • The Savarick Group of Wells Fargo Advisors offices are located in Fort Lauderdale, Florida at 350 East Las Olas Blvd.