David Chepauskas, a senior wealth planner at Summit Financial in Red Bank, New Jersey, embodies the spirit of service in multiple ways. Early in his life, he felt called to volunteer for the military during the Cold War. After all, it runs in the family. His father was one of...
SS&C, a global provider of services and software for the financial services and healthcare industries, announced a new client relationship management technology last week that aims to “redefine the advisor experience.” The Black Diamond CRM module, designed exclusively for wealth managers and advisory firms, offers advisors “a comprehensive managed services...
Normann Financial has found a new home at Captrust Financial, both companies announced Friday. Sanford, North Carolina-based Normann Financial Group currently manages more than $1.3 billion in assets. Kel Normann started at Interstate Securities in 1986, which merged with Johnson Lane in 1988; that firm became Wachovia Securities, which merged with...
While various types of technology continue to be a resource for advisors, many advisors say asset management websites are not one of them. Results released Thursday from a J.D. Power survey of 2,500 financial advisors found that one-fourth of the advisors said asset management websites weren’t meeting their basic needs. Craig...
As more financial advisors go independent, David Settanni will attest that making the switch to the RIA space was one of the best things he did for his career. “Being in the independent broker-dealer channel, I just felt that we didn’t have any necessarily brand recognition,” said Settanni, who’s advisor...
If you’re a woman advisor looking to support other women, Sharon Hayut says the Women Advisor Summit is the event you’ll want to attend. “You’re going to have a room full of really wonderful women who are there to help empower each other and make our industry, which is mostly...
Ameriprise Financial Thursday announced a big hike in its adjusted profits for the third quarter and and attributed the success to a significant expansion in client assets and a surge in assets under management. In a robust performance, the firm saw total client assets swell by almost 15%, reaching an...
Replacing the stick with a carrot will be a welcome change for many Merrill Lynch advisors, a prominent industry recruiter said, but the bank’s decision to change its compensation structure drew a mixed response from other experts. On Tuesday, Merrill Lynch Wealth Management announced it was ending two contentious policies...
Catherine Seeber says it’s a great time to be a financial advisor. “It’s the best job ever. I feel like I’m living my best life,” she said. “I get to help people and help them live their best life. It’s not all about the money. It’s not all about the...
It appears that more advisors are making the move to go independent — and there’s no sign of that trend stopping. New Fidelity Investment research found that approximately 1 in 6 advisors have switched from a corporate firm to go independent over the past five years. Additionally, advisors cite independent...