Sat, 11 Sep 2021 19:19:12 +0000 en-US hourly 1 If you don’t talk to your financial advisor at least as often, it could be a red flag. Sat, 11 Sep 2021 13:05:00 +0000

MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive.

Having a financial planner doesn’t mean you have to wash your hands to take care of your finances. In fact, having a financial planner is about managing a relationship with someone who holds the very important keys to your proverbial castle. From managing budgets and investments to insurance and tax strategies, it’s important to keep an eye on your financial advisor, within reason. But how often should you chat with them? (This tool can help you find a planner that meets your needs.)

What is the minimum amount you should talk to your financial advisor about?

Every relationship is different, and because financial planning is such a personal matter, there is no single answer to how often you should talk to your advisor. But financial planner Don Grant says there should be an in-person review at least semi-annually and given the pandemic climate, that could mean WebEx or a phone call. And Grace S. Yung, wealth manager and CEO of Midtown Financial Group, says depending on the complexity of your financial plan, you might even chat a little less frequently. “Once or twice a year may be enough for some while others may require more attention,” Yung explains.

Bottom Line: This frequency does not need to be constant from year to year and can vary depending on the current stage of your life. “There are years when you talk to your advisor every month, and there are years when just one recording is just fine. I think 2-3 times a year is a good average, ”says Jen Grant, financial planner at Perryman Financial Advisory. (This tool can help you find a planner that meets your needs.)

What should you do if you want to talk to your financial planner more often?

Your financial advisor may not realize that you want to talk more. “If you need more recordings, ask for it,” says Yung, who adds that the frequency of communications should be discussed in advance with an advisor. “Some clients may need more communication, especially if they have tax issues that need to be maintained throughout the year,” says Grant.

If you feel weird asking them for more time, don’t, says Grant, “Take the time to check in. The more your counselor knows about the changes in your life, the better the advice you will receive when you have a question. . Plus, she says, one of the best reasons for having a financial advisor is that you can delegate the details and concerns. “Your advisor will make sure your investments match your risk tolerance and goals. They’ll make sure you don’t miss an important due date, like contributing to an IRA or taking a minimum required distribution, ”says Grant.

How often is it too frequent to call your advisor?

Of course, getting involved is encouraged, but when are you getting too involved or calling your advisor too often? “If you call to get their thoughts on the latest CNBC segment, you might be too involved. If you question every trade and position, ask yourself if it’s because you have a hard time letting go or if it’s because you don’t trust your advisor, ”says Grant.

Source link

]]> 0
Iowa Financial Authority allocates federal funds to Van Allen apartments | Local News Fri, 10 Sep 2021 00:00:16 +0000

CHI initially acquired the Van Allen building in 2000 and converted the old department store into 19 apartments and a commercial space on the first floor. Rehabilitation funding from the Iowa Finance Authority will help the nonprofit update accessibility features for people with disabilities, modernize equipment, improve energy efficiency and refresh historic finishes . The property offers 19 mixed income apartments on the corner of Fifth Avenue South and Second Street in downtown Clinton.

Construction on the property is expected to begin in early 2022, although a specific date has not been set.

“The successful funding of this project is particularly exciting for Clinton, a community that has championed this magnificent historic building since its construction in 1915,” said Kris Illg, CHI Construction and Rehabilitation Manager. “From the original adaptive reuse in 2002 to the current plans to update the property in 2021, the leaders of the Town of Clinton have helped us preserve and protect this irreplaceable piece of American architectural history.”

The building has 14 one-bedroom units and five two-bedroom units. Two of the apartments are rented at market rates, while the remaining 17 are subject to income restrictions.

Community Housing Initiatives is Iowa’s largest non-profit housing development and consultancy group. Since 1993, CHI has worked with communities ranging from 800 to 200,000 residents to create housing solutions that meet the needs of the community and provide comprehensive services to residents.

CHI has generated or preserved over 1,600 affordable housing units offered at below market rates. CHI has also worked with state and local governments, civic groups and nonprofit organizations across the state to promote the development of safe, affordable and accessible rental housing.

CHI currently owns and operates five properties in Clinton – Van Allen, Armstrong, Clinton Block and Roosevelt School, all of which are renovated historic buildings downtown. The property will be managed locally from CHI’s office in West Heights Townhomes, a new PMT construction located at 1155 14th Ave NW.

News Business Highlights

  • Iowa Financial Authority allocates federal funds to Van Allen apartments | Local News
  • Check out all the news and articles for business news updates.
Disclaimer: If you need to update / change this article, please visit our help center. For the latest updates Follow us on googIe New

Source link

]]> 0
Financial advisor André Jean-Pierre launches Aces Advisors Wed, 08 Sep 2021 20:10:00 +0000

A financial advisor aiming to use social media as a means to increase access to quality advice ditched his broker and started a paid RIA to make his vision a reality.

Andre Jean-Pierre of Aces Advisors plans to transform his large audience on Twitter and Club house into leads for the New York-based RIA and a powerful alternative to personal finance influencers he often finds unlicensed and lacking in basic knowledge. Jean-Pierre left Woodbury Financial Services from Advisor Group and officially registered the RIA with the SEC in July.

An industry veteran for 11 years and a former wire house broker at Morgan Stanley, Jean-Pierre was awarded the distinction of obtaining the first purple dot from Twitter as a member of the Live Audio Hosts beta group using its spaces function. He also started his weekly Clubhouse sessions last year after noticing influencers selling penny stocks or even outright pump and dump programs. Frustrated by their wide reach, he uses social media platforms to ensure “access to information and access to services that are blocked for people of a certain demographic group,” he said.

Paid financial advisor Andre Jean-Pierre of Aces Advisors launched his RIA after leaving Woodbury Financial Services of Advisor Group.

André Jean-Pierre

As he no longer saw the point of working with a comic and feared that he would not be able to use social media as effectively as with another company, Jean-Pierre decided to open the independent RIA. In its early days, the company had less than $ 10 million in client assets.

“I want to grow up deliberately,” said Jean-Pierre, who is black and American of Haitian descent. “I really try to focus on people of color who can’t get that kind of personal attention and people who understand their personal situation outside of the numbers.”

Representatives of the Advisor Group declined to comment on Jean-Pierre’s departure, noting a policy prohibiting discussing movements of individual or company practices.

Jean-Pierre has 12,000 followers on Twitter and nearly 2,000 on Clubhouse, and he recently used the Revue service on Twitter to launch a newsletter called #InTheBLAQ. The newsletter revolves around “personal finance, culture, creators and sports in the black and brown community,” according to her profile.

A former Division 1 football star at Stony Brook University who grew up in the Flatbush neighborhood of Brooklyn and Irvington, New Jersey, he said he was eager to find more clients who represent the “first generation of wealth. downtown “that could be” high income and it doesn’t sound like that because they have to support so many people. “

Jean-Pierre’s Clubhouse sessions started drawing around 500 people during the GameStop saga in January, and he found that around 100 attendees would ask questions afterwards.

“What we are seeing right now is that a lot of people are connecting their professional life with their life on social media,” said Jean-Pierre. “We understand the business, we understand compliance, we understand the regulatory review behind it. So we can merge these two lives.

Source link

]]> 0
American College of Financial Services Hosts 7th Annual Clambake to Raise Fund for Service … | Your money Wed, 08 Sep 2021 17:35:48 +0000

King of Prussia, Pa., September 08, 2021 (GLOBE NEWSWIRE) – 2021 marks the 7th Annual Clambake and Solider Citizen Awards event, organized by the American College of Financial Services and American College Penn Mutual Center for Veterans Affairs, with a mission to transform the lives of our serving members, veterans, and their spouses by raising funds for full scholarships for professional designations and degree programs offered by the College.

The Clambake will be held virtually this year on September 9, 2021, with engaging content and a moving and patriotic awards ceremony. A key feature of the event is the American College Soldier-Citizen Award, established in 2014 to recognize and celebrate the sacrifice and service of its recipients who have generously contributed to society and their community. The recipient of the Solder Citizen Award 2021 is Admiral Tom Fargo, USN (Ret).

“The goal of the Penn Mutual Center for Veterans Affairs is to provide deserving Veterans and serving military personnel with career opportunities, and to equip the financial services profession with a talent pool of determined, caring individuals.” mission and essential to the integrity of the profession, ”said Ted Digges, Captain, SC, USN (Retired), Executive Director of the Penn Mutual Center for Veterans Affairs. careers. ”

In the midst of preparations for The Clambake, the Penn Mutual Center for Veterans Affairs took a major step forward by awarding its 1,000th scholarship. Craig Martin, the 1,000th fellow from Niceville, Florida, is an example of the caliber of the Centre’s researchers. Martin served in the Army Special Forces for 17 years before retiring in 2018 with 100% combat service disability. He describes himself as a strategic planner, serial entrepreneur, mentor and leader who is adept at developing effective teams and achieving goals. He is known for his honesty, flexibility, results-oriented initiatives and loyalty, and is a great father to his children.

Martin has successfully transitioned from the military to financial services and is now a financial advisor and wealth manager serving active duty and retired military clients. He plans to gain additional financial planning knowledge through the Chartered Financial Consultant® (ChFC®) program so that he can provide exceptional service and experience-based recommendations to his clients. “Financial planning has been a smooth transition from my military experiences. My plans are at a fiduciary level and include problem solving, risk reduction and life contingency planning, ”said Martin.

“At the heart of the excitement surrounding the Clambake beats the mission of the Center: to provide educational support and career opportunities to the men and women who have served honorably in the Armed Forces,” said George Nichols III, President and Chief of the direction of the College. “The generous donors of The Clambake have enabled more than 250 deserving veterans, active duty military personnel and their spouses to receive full scholarships for programs offered by the College in the past year alone.

The Penn Mutual Center for Veterans Affairs has experienced explosive growth since its launch in 2012 thanks to impressive support from businesses and private donors, as well as word of mouth from academics. The annual Clambake continues to generate professional interest and to garner financial support for the important mission of the Center.

If you would like to learn more about how to provide a unique opportunity to active-duty military personnel, veterans and their spouses looking for a new direction through flexible distance learning and training, visit

To learn more or to register for the 7th Annual Clambake and Solider Citizen Award event, visit


ABOUT THE AMERICAN COLLEGE OF FINANCIAL SERVICES The American College of Financial Services was founded in 1927 and is the nation’s largest nonprofit educational institution dedicated to financial services. Holding the highest level of academic accreditation, the College has trained one in five financial advisors in the United States and offers two graduate programs, as well as prestigious designations in financial planning such as the Retirement Income Certified Professional® (RICP®), Underwriter Life Agréé® (CLU®), Certified Wealth Management Professional® (WMCP®), Certified Philanthropy® Advisor (CAP®), Certified Special Needs Consultant® (ChSNC®), Certified Financial Consultant® (ChFC®), and education leading to Certified Financial Planner ™ Certification (CFP®). The College’s faculty represent some of the greatest thought leaders in the financial services profession. Visit and connect with us on LinkedIn, Facebook, Twitter, Instagram and Youtube.


Clambake — 1000 purses — PR — Graph

Lindsey Allumbaugh American College of Financial Services 610-526-1418

Copyright 2021 GlobeNewswire, Inc.

Source link

]]> 0
4 investing mistakes I see over and over as a financial planner Tue, 07 Sep 2021 16:01:00 +0000
  • As a financial planner, I have witnessed many important investment mistakes.
  • Trying to synchronize the market, hold concentrated stock positions, and take too much risk are just a few.
  • One of the biggest? Don’t invest at all. Make a plan, then go for it.
  • Read more articles on Personal Finance Insider.

In my opinion, as a financial planner, you need to invest if you want to grow your wealth. Participating in the financial markets is a great way to put your money to work so that you can grow your assets over time.

But this path is fraught with potential pitfalls that you must avoid if you want to have a positive long-term outcome. And for most people, avoiding big mistakes is more important than hitting home runs consistently.

To help you do just that, here are four mistakes to watch out for with your own investments – and a handful of simple strategies to keep you on track over time.

1. Try to time the market

It’s tempting to think that you can avoid recessions and market downturns, because these events seem so obvious in hindsight. The problem is, that’s the only time the path is crystal clear: once it’s behind you.

In the spring of 2020, my company received a few clients to say that they wanted to move all of their cash investments. The coronavirus was spreading across the world and watching the market lose 30% so quickly was frightening.

Because we work with people in their 30s and 40s, our investment strategies take into account very long time horizons. Fortunately, all of these customers listened to our advice on staying the course – and were extremely grateful for doing so at the end of the summer of that year, when the market was once again reaching new highs.

It’s easy to think you would have known better in hindsight. In the present moment, however, things are much darker and more uncertain. Trying to guess what the market will do next leaves you vulnerable to emotional decision making, rather than rational planning.

If you are focused on growing wealth over decades, then worrying about what the day-to-day market is doing is a distraction. We expect some ups and downs along the way, but as long as you stay consistent – and stay in the market, rather than jump in and out – you’ll be in a much better position to be successful.

You may get lucky with market timing once or twice, but it’s a bad strategy for long-term success. Instead of relying on chance, set a strategic course for your investments and stick to it over time.

2. Thinking irrationally about risk

Most people understand the basic concepts of investing and risk. They know that investments carry a risk of loss and that the greater the potential reward, the greater the risk required.

But for some reason most people are very bad at applying these concepts to their own circumstances.

People overestimate their own skills while minimizing the role of chance in the results; they know that unfortunate events happen but tend to think of bad things that happen to them other people, not themselves.

This can lead to very big investment mistakes, such as:

  • Make speculative bets in the market, rather than maintaining a diversified portfolio with an appropriate allocation both for their risk tolerance and their ability to assume the risk
  • Attribute positive results entirely to skill and bad results entirely to bad luck, which can reduce the quality of future investment decisions
  • Ignoring risk entirely when evaluating an investment that is emotionally attractive

It is difficult to maintain a completely rational and objective view of our own money. It is good to have an outside perspective, at least every now and then, which is where professional advice can be extremely valuable.

3. Maintain highly concentrated portfolio positions

The other day my firm spoke with a potential client who shared that he had a total net worth of $ 3 million – of which $ 1 million was held in shares of the company he owned through a equity compensation program.

Since 33% of their net worth depends on the share price of a single company, they take a lot of unnecessary risk. If something were to happen to this business (or if she were to lose her job at this business) her net worth could plummet, she could lose the ability to fund her goals, and her whole financial future could be in jeopardy.

All investments come with risk, but a diversified portfolio helps mitigate the risks you face. It also helps reduce the overall volatility of your portfolio (and low volatility portfolios tend to perform better over the long term).

Concentration risk, on the other hand, unnecessarily does the opposite of your portfolio: it increases the investment risks you face and introduces higher volatility.

Our general rule of thumb is to limit exposure to a single equity position to a maximum of 5% of liquid equity. There are exceptions, of course, but it’s a good starting line to use when considering selling or holding a position.

4. Avoid investments completely

There is no shortage of investment mistakes you can make. But perhaps the most important is a little counter-intuitive: don’t invest at all.

I usually see it taking one of two forms:

  1. Someone always finds reasons to wait to start investing: they will start when they have more savings, when they earn more money, when something changes in the market, etc.
  2. Someone builds a good saving habit and raises a lot of money, but leaves everything in the bank because they are afraid of taking any investment risk.

In the first case, this is a huge mistake, because the biggest advantage you can give yourself when it comes to growing your wealth is the time you give your money for compound returns. .

Warren Buffett is not incredibly rich because he is an investment genius (although he is certainly good at it). This is because his money has accumulated for over 70 years, thanks to the fact that he started so young.

Don’t look for excuses to start investing. Do it now and refine and improve your approach as you go.

In the second case, the error here is not to understand that having money without earning anything is too a risk. People feel a false sense of security when they have a lot of money when they do not understand that money loses purchasing power over time due to inflation.


is important, but if you don’t need that money for many years, growth is also essential. Have a strategic way of figuring out how much money you really need, and then consider investing the rest.

Simple strategies to improve your chances of success

These aren’t the only mistakes you can make with your investments, but they are some of the most common and widespread that I see in my job as a financial planner. If you want to avoid them yourself, you can keep the following basic strategies in mind:

  • Choose a strategic investment plan and stick to it
  • Invest for the long term and avoid high risk approaches like day trading, speculation or market timing
  • Know both your risk tolerance and your ability to take risks. Then, think as objectively as possible about the risk (and know that bad things can happen to anybody, even you!), even if it means calling on an objective outside person to help you make decisions
  • Maintain a globally diversified portfolio to reduce risk and volatility

And of course, just To start. There is no such thing as a perfect investment strategy or a perfect portfolio. Some mistakes along the way may be inevitable, but the most important thing is to enter the market and stay there as long as possible.

Source link

]]> 0
Singapore Financial Authority includes Binance on investor alert list Mon, 06 Sep 2021 06:57:33 +0000

Operating as a leading cryptocurrency exchange cluster supporting a token pool, Binance has decided to restrict some of its products to Singapore in response to the investor alert issued by the Monetary Authority of Singapore.

Singapore’s financial watchdog pointed out in its recent list of investor alerts that the popular cryptocurrency exchange may have violated the guidelines of Singapore’s Payment Services Act. The Binance team announced via a blog post that it will cease providing access to the following products in Singapore as of September 10, 2021, at 4:00 UTC (12:00 UTC + 8):

  • Singapore Dollar (SGD) Trading Pairs
  • Singapore dollar (SGD) payment options

The list published by the MAS showed that the crypto company was unregulated and could have been falsely recognized as regulated by the MAS. Binance revealed that the exchange will remove its official iOS app from Singapore and the Google Play Store in its announcement. The team urged clients to end their P2P trading activities and remove affected commercial advertisements by September 9, 2021 at 4:00 UTC (12:00 UTC + 8) to benefit from transparent services. The exchange does not operate any Telegram channel or communication portal in Singapore.

Singapore government authorities are taking serious action to pull the strings of cryptocurrency. The emphasis is on compliance with legal regulations by exchange platforms. The UK’s Financial Conduct Authority said Binance followed the protocol but did not answer some introductory questions. In response to the growing scrutiny, Binance decided to improve its legal compliance strategy by acquiring a license from regulators.

The exchange’s native token, BNB, has shown a consistent positive trend in the market space despite regulatory pressure, according to reports on Binance Reviews through cryptographic portals. The currency managed to move upward, keeping its position intact. The recent move by the Binance exchange is likely to hit the crypto market in Singapore severely, forcing investors to look for secondary options present in the industry.

Source link

]]> 0
ICD event discusses ways to promote cross-border disruptive financial services Sat, 04 Sep 2021 08:25:09 +0000

The Islamic Society for the Development of the Private Sector (CIM) (, member of the Islamic Development Bank Group (BIDBG), organized a side event entitled “Role of CIMThe Bridge platform in the digitization and restoration of businesses after COVID-19 pandemic ”September 3, 2021.

CIM the goal behind the event was to play a leading role, especially in the post-COVID-19, in the promotion of innovations and cross-border financial services that accelerate the financial recovery of targeted individuals and SMEs through an efficient and rapid deployment of emerging trends driven by key FinTech players in sectors such as ” digitization “,” Open Banking “,” Blockchain “, and” Big Data “,” Cloud Services “and” NeoBanks “.

CIM also aimed to update solution providers and implementers with the latest regulations and policy updates. Besides, CIM also sought out valuable recommendations that enable expansion and cross-border solutions, while establishing new businesses and partnerships that facilitate post-disaster recovery.COVID resilience and prosperity for all.

Among the themes addressed by the event were the challenges and opportunities related to the cross-border expansion of FinTech, efficient and rapid deployments of emerging trends in FinTech, highlighting Fintech sectors such as’ digitization ‘,’ Open Banking “,” Blockchain “and” “Big Data”, “Cloud Services” and “NeoBanks”; in addition to the development of new and innovative solutions by FinTech startups to overcome the financial challenges faced by individuals and SMEs and the new financial regulations recently announced by financial authorities.

In his opening remarks, Mr. Ayman Sejiny, the CEO of CIM, said: “Today, millions of people around the world perform a wide variety of financial transactions through their smartphones without the need to visit a bank branch. New financial products and mobile wallets targeting low-income households are emerging in Africa and Asia. The technology makes it possible to carry out virtually any type of financial transaction – savings, payment, credit – in remote villages using smartphones. FinTechs can accelerate financial inclusion, especially for poor people around the world.

He also said: “We all need to understand and be prepared to accept the disruption and innovation that technology brings into our lives.”

He further underlined the importance of Fintech to achieve financial inclusion goals. “Fintech solutions deliver more effective results compared to separate networks of public institutions and international development organizations. Emerging FinTech-based ecosystems are accelerating access to finance, expanding and monetizing digital footprints. Now, financial inclusion is well served.

Six FinTech Founders and CEOs contributed to this event to highlight their own experiences regarding the challenges and opportunities for expansion in CIM member countries.

Additionally, the session updated the audience with recent and emerging trends related to digitization and the blockchain industry with a view to fostering cross-border expansion for all.

The panelists also touched on the evolution of individuals and businesses when it comes to saving money, making payments, investing and borrowing, while confirming that Fintech solutions currently available allow practically any type of financial transaction – savings, payment, financing. – in remote villages with the use of smartphones. It is evident that FinTech solutions can encourage cross-border financial services with ease and reliability.

At the end of the event, Mr. Sejiny awarded the winners of his international financial innovation competition entitled “CIM‘s Finnovation Award 2020 in the presence of numerous government officials, business leaders of financial institutions, FinTechs entrepreneurs, businessmen and development practitioners attended the event.

“The Finnovation Award recognizes the ideas, inspiration and leadership of financial institutions that contribute to the improvement of the financial sector,” said Mr. Sejiny. “Showcase innovative solutions that have been successfully implemented in one member country and that have the potential to be replicated in other member countries,” he added.

The winners announced for 2020 include:

  1. An innovation solution from Alif Bank of Tajikistan entitled “E-wallet, Salom retail loan card”;
  2. An innovative solution from the Islamic Bank of Maldives titled “Lifestyle Finance to Meet Consumer Demand”;
  3. An innovation solution from Saudi Arabia’s Bidaya Home Finance titled “Data Driven Marketing Campaigns”;
  4. An innovation solution from Green Delta Capital Limited of Bangladesh titled “GD Planner”; and
  5. An Innovation solution from Wifak International Bank of Tunisia entitled “The Plus Card and the Salary Card ++”.

These innovations deserved to be recognized and rewarded because they encourage other financial institutions to view innovation as the main driver of growth and sustainability in a rapidly changing age.

This award is presented and sponsored by CIM continue to support the growth and sustainability of the financial sector in order to collaborate in the achievement of development goals and objectives. CIM encourages all financial institutions with highly distinguished innovations to participate in the 2nd edition of CIM‘s global Finnovation Award which will be launched in the fourth quarter of 2021. For more information, please visit the Finnovation Award website at

Distributed by APO Group on behalf of the Islamic Society for Private Sector Development (CIM).

The Islamic Society for the Development of the Private Sector (CIM) is a multilateral development finance institution and is a member of the Islamic Development Bank Group (IDB). CIM was established in November 1999 to support the economic development of its member countries by providing finance for private sector projects, fostering competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investment. CIM is rated A2 ‘by Moody’s,’ A- ‘by S&P and A + by Fitch. CIM establishes and strengthens cooperation and partnership relations with the aim of establishing common or collective funding. CIM also applies financial technology (Fintech) to make financing more efficient and comprehensive. For more information visit:

Media files

Download logo

CIMThe event discusses ways to promote cross-border disruptive financial services (1)
Islamic Society for Private Sector Development (ICD)

Africanews provides APO Group content as a service to its readers, but does not edit the articles it publishes.

Source link

]]> 0
South African wealth management firm buys UK financial planner Fri, 03 Sep 2021 09:45:54 +0000

South Africa-based consulting firm AlphaWealth has taken a controlling stake in London-based financial planner Holborn Financial.

AlphaWealth has created a new UK subsidiary, Alpha UK Holdings, to acquire the Wimbledon-based licensed financial planning firm.

Founded in 2005 with global assets of over R11 billion (£ 550 million), Alpha Wealth already has a presence in various international financial centers including Johannesburg, Cape Town, Durban, London, Geneva and Mauritius.

Alpha has decided to expand its presence in the UK through this acquisition to support the growth of Holborn Financial. ”

It provides investment and wealth planning services to high net worth individuals, family offices, institutions and charities.

Holborn Financial has three advisors and five support staff. He advises 150 entrepreneurs and private clients with around £ 150million in assets under influence.

Emyr Blease, who founded the company in 1988, will continue as Managing Director of Holborn Financial while Nigel Speirs takes on board as Chairman.

Kerry Fynn, CEO of AlphaWealth Group, said: “We are delighted to be able to partner with the Holborn Financial team and this acquisition marks the start of an exciting new chapter for both of us as we grow the business together. . Alpha has decided to expand its presence in the UK through this acquisition to support the growth of Holborn Financial and we are very excited to be making this trip with the Holborn team. “

Blease said, “We have built a successful business advising discerning private clients, individuals who run and manage their own businesses and those who are taking or seeking a comfortable retirement. We share the same values ​​as Alpha, primarily by providing excellent levels of personalized service. We look forward to growing our business both organically and through acquisition. Alpha’s expertise, resources and support will be critical to the successful deployment of the merged businesses. “

Speirs, who advised the case, said: “I look forward to working with Emyr and the Alpha team to build Holborn Financial in the UK. . “

Source link

]]> 0
Ron Pillar Joins UBS Private Wealth Management as Financial Advisor in South Florida Wed, 01 Sep 2021 13:24:37 +0000

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

MIAMI – (BUSINESS WIRE) – UBS Private Wealth Management announced today that Ron Pillar has joined the company as a financial advisor in South Florida. He will join Integra Partners, a local team led by advisers Brian Beraha, Vicente del Rio and Horacio Aguirre. Ron will advise high net worth individuals and families, as well as business owners who own or have recently left a business in the Technology, Media and Telecommunications (“TMT”) industry.

“We have seen an increase in the number of business owners with TMT companies seeking financial advice in this market,” said Karl Ruppert, South Florida Complex Director at UBS Private Wealth Management. “Ron’s expertise in serving clients in this growing industry will allow us to serve more and more new and existing clients in South Florida. We are delighted to welcome him to UBS.

Ron has over 30 years of investment banking experience, working with clients across all technology industries, with a particular focus on software and communications. Most recently, he was with Pillar Capital Advisors, LLC, an independent M&A and capital raising advisory firm, which he founded in 2014. Previously, he was Managing Director and Head of the Technology Investment Banking Group of JP Morgan .

“Our team is delighted to be working with someone of Ron’s caliber,” said Brian Beraha, Managing Director and Financial Advisor at UBS Private Wealth Management. “His unique skills and experience will be an invaluable asset to our business owner clients as they consider considering transactions and embarking on succession planning.”

Ron holds a BS in BSE from the Wharton School at the University of Pennsylvania and an MBA from UCLA Anderson School of Management, where he was a venture capital scholar.

Notes to Editors

About UBS Global Wealth Management

As the world’s largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to high net worth families and individuals around the world. Clients working with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.

About UBS

UBS provides financial advice and solutions to high net worth, institutional and corporate clients around the world, as well as to private clients in Switzerland. UBS’s strategy is centered on our world-leading wealth management business and our leading universal bank in Switzerland, reinforced by Asset Management and Investment Bank. The bank focuses on companies that have a strong competitive position in their target markets, are capital efficient and have attractive long-term structural growth or profitability prospects.

UBS is present in all the major financial centers of the world. It has offices in more than 50 regions and sites, with approximately 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs more than 68,000 people worldwide. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2021. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

Media contact:

Melisa Chantres

EvClay Public Relations


Source: UBS Private Wealth Management

Source link

]]> 0
Financial planner shares advice to reverse mortgage professionals on getting referrals Tue, 31 Aug 2021 21:21:05 +0000

Reverse Mortgage Professionals understand the need to build an extensive roster of potential referral partners from a multitude of different professions, but one class of professionals that has garnered a lot of interest over the past couple of years are planners. financial. As the pool of reverse mortgage borrowers has grown to encompass a wider range of real estate values ​​and ‘wealthy home’ clients, financial advisors open to exploring the possibilities of reverse mortgages can potentially offer a positive and sustained path to more reverse mortgage business.

One such financial advisor who took the time to learn and understand the potential flexibility that can be offered to clients through a reverse mortgage is Robert Klein, Founder and President of the Retirement Income Center in Newport Beach, Calif. . In a recent episode of The RMD Podcast now available for listening, Klein offers thoughts on what reverse mortgage professionals can do to encourage benchmark partnerships between other financial planners and how the industry is performing in terms of education and awareness.

Advice for Reverse Mortgage Professionals: Interacting with the Planning Community

For reverse mortgage professionals looking to partner with financial planners, networking with a wide variety of planners designations can make all the difference in finding the right planner for the right job in terms of reverse mortgage prospects, explains. Klein.

“I just think [reverse mortgage professionals] need to network with financial planners, be it CPA, CFP, RICP, by whatever means is convenient for you, ”says Klein. “Contact them, talk to them, attend conferences that financial advisors attend. Not that we’ve had any opportunities recently, it’s something that’s obviously been affected [by the pandemic] However, it will eventually open up.

Robert klein

For many reverse mortgage professionals who don’t know how to approach such financial planners, Klein says asking itself can be powerful. The many people who do not ask for advice or referrals from a planner will never know if such a relationship can prove to be successful. Therefore, asking and getting known among planners can make all the difference. It also goes both ways in terms of the relationships Klein has developed with the reverse mortgage professionals themselves.

“Just reach out,” he says. “I’ve reached out to people in the reverse mortgage industry, various people I’ve researched, and industry experts. I have had mutually beneficial relationships with these people and have learned a great deal about [the product]. So I think it’s about reaching out to people you see who are interested in the business, preferably. And then, it’s enough to open the eyes of other advisors who might not be so obvious that they are interested in the reverse mortgage industry.

Starting from the idea that a reverse mortgage can add value to the services that the planner is already providing to a client can be very important, as approaching in the context of value added services can help highlight the opportunities to exercise greater preservation capacity on a client’s assets.

“[Allowing planners to learn] this [a reverse mortgage is] certainly an added value in that you can interact with and educate a financial advisor as not everyone is aware of the need for this service that clients [may have]<"Klein explains." If they are interested in reverse mortgages and they strike up a discussion with you and learn [that they] don't know much about the subject, this is something they can point out to the financial advisor: the importance of keeping up to date and including educational tips on what they can do and what their business does potentially offer in the form of webinars. I have attended several webinars from different credit companies which have been extremely beneficial.

Educational awareness of the industry

If there is one thing the reverse mortgage industry seems to focus heavily on when discussing the past year of business and the year ahead, it is to expand educational practices and availability of relevant reverse mortgage material to as many potentially receptive people as possible.

In cases where a client may be turned off by a reverse mortgage prospect, Klein observes that some of these scenarios have been linked to informative presentations that can too often be driven by sales alone, he says.

“I think the industry is doing a great job of getting the message out,” Klein says. “I often think, when [clients] have reservations about reverse mortgages, sometimes it has to do with sales presentations that turn them off – for whatever reason – by a mortgage company. So as long as it can be a team effort, and when I work with clients from a holistic planning approach, I can show them how reverse mortgages fit into their situation like no other. anything else: what you can plug into their situation and show how it applies directly, how it might benefit them and what the downsides are.

Such framing of reverse mortgage potential can go a long way in illustrating the impact a reverse mortgage could have, Klein says, and go beyond the sales cycle to connect with the potential benefits that a suitable client can have. feel if it is exploring a reverse market. The mortgage option can make all the difference, he says.

“I think this helps a lot when the time comes to meet someone from the reverse mortgage industry,” he says. “It’s not just a sales pitch for them – not that all reverse mortgage presentations are sales focused – but there is a lot of great training that I have seen from professionals at. industry. But I think, again, that when it’s tied into an existing holistic plan that you have with a client, it just solidifies the whole process and the lights come on for clients.

Listen to the latest episode of The RMD Podcast for the full discussion with Robert Klein.

Source link

]]> 0