Blogs

The Importance of Allyship

By Nicsa posted 15 days ago
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By Jim Fitzpatrick, President & CEO of Nicsa: Amid the social unrest that has gripped the world in recent months, many industry executives have come forward to declare their growing awareness of the need for change. Others have committed to measurable action. While it is sometimes difficult to be hopeful in the midst of turmoil, I strongly believe that there is positive momentum building for diversity and inclusion in the global asset management industry, and I am proud to be working with industry leaders on the Diversity Project North America . One thing’s clear: we have far to go. It is Pride Month. It is Juneteenth. It is a poignant ...
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Best Practices for a Stronger Future

By Nicsa posted 05-11-2020
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After ushering in the new decade on somewhat strong footing, the global asset management industry has witnessed a transformation rife with uncertainty and volatility on the heels of the Covid-19 pandemic. As a leading industry association with members across the global landscape—all possessing diverse and unique talents, experience and perspectives—Nicsa is committed to promoting best practices and connecting all facets of the community so that we can be stronger together. Over the past months, we have heard invaluable insights from our members on adapting to our new reality. We’ve compiled some of those insights into the following (and certainly growing!) list ...
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Asset Managers Talk Inclusion and Well Being Amid COVID-19

By Nicsa posted 05-06-2020
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COVID-19 has wreaked havoc on business plans and flipped our social structure on its head. Founding members of the Diversity Project North America recently gathered to explore how to foster employee well being in this new work-from-home environment — all while keeping the spotlight on inclusion. Nicsa’s Diversity Project North America is an active, cross-company group of leaders, that works toward the promotion and acceleration of diversity and inclusion (D&I) within the asset management industry. The discussion featured experts from Ameriprise Financial, and BMO Global Asset Management, and Aon. (Listen to a replay here . ) “While ...
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Panelists Tackle Critical Issues Impacting Financial Advisors

By Nicsa posted 04-23-2020
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As advances in technology and other trends continue to reshape the role of the financial advisor, it’s clear that an agile approach is key. Members had the opportunity to explore the most important actions advisors are taking to change their practice and what they will need to be ready for the future during Nicsa’s SLF in February 2020. Scott Smith, Director, Advice Relationships at Cerulli, moderated the panel, which also featured experts from Invesco and Morgan Stanley. “A little over five years ago, it seemed like robo-advisors were going to put all of us out of business, and the self-directed market was going to explode — obviously, we haven't seen that ...
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Exploring the Practical Challenges of Vendor Governance Oversight

By Nicsa posted 04-23-2020
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Nicsa members received an in-depth look at vendor oversight programs from the perspective of both asset management firms that have outsourced key functions and the service providers they’ve hired. The event took place in February 2020. Marc Lotti, Partner, Division Head, Cybersecurity and Risk at ACA-Aponix moderated the event, which also featured thought leaders at SS&C Technologies, Inc., Putnam Investments, Vanguard Group, Inc., and T. Rowe Price. David Cook, Manager-Procurement at SS&C Technologies, Inc., said that from the vendor side, the enhanced need for risk management has led clients to demand more formalized and centralized governance. ...
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Exploring the Role of the Data Scientist — and Whether Your Firm Needs One

By Nicsa posted 04-23-2020
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Asset management firms know that a data-driven approach can help them make smarter, more informed decisions. But should they be searching for the elusive data science unicorn — a seemingly mythical leader in problem-solving, business, and technology? A panel of experts explored this question during a breakout session at Nicsa’s SLF in February 2020. Brian Foote, Vice President, Data & Analytics at Broadridge, moderated the panel, which also featured experts from Delta Data, Janus Henderson Investors, and T. Rowe Price. Shonyel Lyons, Vice President, Enterprise Data Governance at T. Rowe Price, said the ideal data scientist possesses more than just programming ...
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Educational Clinic Explores Disruption in the Distribution Landscape

By Nicsa posted 04-23-2020
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FinTech firms are increasingly making an impact on the asset management landscape — but what specific forces are driving this disruption, and where will they lead the industry? Members explored this topic during an interactive educational clinic held at Nicsa’s latest SLF event in February of 2020, moderated by Dennis Gallant, Senior Analyst at Aite Group, and featuring leaders from Fidelity and Financeware. "The Achilles heel for any retail advisor is his or her capacity, both in time and knowledge,” Gallant said. “If you're advisory based, if you're offering financial planning, there are only so many clients you can provide those services to — so advisors ...
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Demystifying the Tech Trends Informing Our Future

By Nicsa posted 03-25-2020
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A diverse panel of tech experts took the stage at Nicsa’s recent SLF to share their perspectives on the asset management industry’s digital transformation trends — from blockchain and artificial intelligence (AI) to behavioral biometrics and cybersecurity. The session, moderated by Lyndsay Noble, Director of Data Science at SS&C, featured thought leaders from BNY Mellon, Securitize, and Fidelity Investments. Beyond Blockchain Carlos Domingo, Co-Founder and CEO at Securitize, said the biggest misconception surrounding blockchain is that it’s being promoted as a solution for the world’s largest problems. “Blockchain, in particular, only solves certain ...
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Global Perspectives on Investment Management Growth Trends

By Nicsa posted 03-23-2020
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While the majority of today’s millionaires live in North America, the fastest growth is occurring in international markets. According to a 2019 study by Boston Consulting Group , revenue in Asia’s private banking sector alone could equal or exceed that of Western Europe by 2023. Jennifer Hoopes, Senior Managing Director and General Counsel at Foreside, pointed to this study during a session on the future of the global investment market at Nicsa’s recent SLF. Hoopes moderated the panel, which also featured experts from ALFI, Allfunds, Matthews Asia, and Wisdom Tree. “With the vast majority of growth in millionaires across the globe in Asia, Africa, and Latin ...
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Citi’s Candi Wolff Explores Unique Aspects of the 2020 Race

By Nicsa posted 03-23-2020
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It’s no secret that the upcoming presidential election may have a significant impact on the asset management industry — but what should we expect? Candi Wolff, Head of Global Government Affairs at Citi, gave Nicsa members her perspective on the issue as a keynote speaker at Nicsa’s SLF in late February. Wolff, who served in the White House as President George W. Bush’s chief lobbyist, made history as the first female to hold such a position. Today, she uses more than two decades of government relations experience to identify policy issues that may impact Citi and the industry at large. “This election is not about what the national polls tell us,” Wolff told ...
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Tenured CEOs Offer Projections and Predictions for the Future

By Nicsa posted 03-19-2020
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“The one thing I know for sure is that change will be constant,” Jeff Ringdahl, President and COO at Resolute Investment Managers told Nicsa members during a panel discussion at the 2020 Strategic Leadership Forum in February. The conversation, which was moderated by Paul Kraft, US Mutual Fund and Investment Adviser Practice Leader at Deloitte & Touche LLP, and also featured leaders from Thornburg Investment Management and the Nicsa Diversity Project North America — was centered on growing, running, and serving the asset management business. “At the end of the day, we are trying to attract the best and brightest managers and market our strategies ...
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Industry Veteran Peter Kraus on Innovations in Client-first Fee Structures

By Nicsa posted 03-18-2020
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Nicsa members kicked off the 2020 Strategic Leadership Forum in February with a deep dive into fee structures with Wall Street veteran Peter Kraus. For more than four decades, Kraus worked at major financial institutions — including Goldman Sachs, Merrill Lynch, and AllianceBernstein (AB). In 2018, as a vocal proponent of pay-for-performance compensation models, Kraus teamed up with the Italian insurance company Generali to launch Aperture Investors , which he now governs as chairman and CEO. The asset management company, headquartered in New York, offers actively managed strategies with performance-linked fees. Kraus opened the presentation ...
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Leaders in Global Wealth Management Share 2020 Business Planning Perspectives

By Nicsa posted 03-16-2020
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Attendees at Nicsa's 2020 Strategic Leadership Forum gained insight into industry trends from the perspective of distributors during the Face the Membership Part II session, on Friday, February 28. The panel was moderated by professional investor and TV personality Guy Adami — one of the original “Fast Money Five” on CNBC’s Fast Money program. He was joined by experts from 6 Meridian, UBS, and Wells Fargo. [ Note: These events took place prior to the global pandemic declaration. ] Adami kicked off the session with a fairly introspective question: Does the media make your jobs more difficult? “The media — whether it’s the markets, politics — it ...
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CNBC’s Guy Adami Heads Panel of Thought Leaders in Global Asset Management

By Nicsa posted 03-12-2020
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Nicsa members gained insight into industry trends from the perspective of leading firms during a recent Face the Membership Roundtable at Nicsa's 2020 Strategic Leadership Forum. The Forum took place at the end of February 2020 in Fort Lauderdale, Florida. The highly anticipated event was spearheaded by professional investor and TV personality Guy Adami — one of the original “Fast Money Five” on CNBC’s acclaimed Fast Money program. He was joined by experts from Empower Retirement, HSBC, and Northern Trust. [ Note: These events took place prior to the March declaration of a global pandemic. ] Deborah Hazell, CEO at HSBC Global Asset Management (USA) Inc., ...
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Nicsa Honors Volunteers of the Year at the 2020 Strategic Leadership Forum

By Nicsa posted 02-28-2020
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Boston, MA –February 27, 2020— Nicsa announced the recipients of its annual Volunteer of the Year Awards. Honorees will be celebrated at the Nicsa Strategic Leadership Forum held from February 26 - 28, 2020 at the Marriott Harbor Beach Resort and Spa in Fort Lauderdale, Florida. Nica’s Volunteer of the Year Awards recognizes the outstanding efforts of members who are especially dedicated to servicing the Nicsa community. “Nicsa is proud to present our Volunteer of the Year Awards to this year’s exceptional winners, who have been tirelessly committed to furthering Nica’s mission of connecting all corners of the asset management industry and advancing ...
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Nicsa 2020 Strategic Leadership Forum to Focus on the Asset Management Industry’s Top Business Issues

By Nicsa posted 02-20-2020
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Event will highlight technology trends, distribution evolution, and top-tier client service and investment management strategies Boston, MA–February 20, 2020 — One of the most important events on the asset management industry conference calendar, Nicsa’s 2020 Strategic Leadership Forum , is just days away. Taking place in Ft. Lauderdale, FL from February 26 th through the 28 th , the Strategic Leadership Forum brings together more than 300 senior leaders from all areas of the asset management industry to share perspectives and debate head on the most pressing issues facing the space. The event targets executive-level leaders strategically positioning ...
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Nicsa Presents Honorees with Volunteer of the Year Awards at SLF 2020

By Nicsa posted 02-05-2020
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Nicsa Presents Honorees with Volunteer of the Year Awards at SLF 2020 Nicsa is pleased to announce the winners of its annual Volunteer of the Year Awards. Honorees will be celebrated at the Nicsa Strategic Leadership Forum held from February 26-28, 2020 in Fort Lauderdale, Florida. “We look forward to honoring Nicsa committee members who have demonstrated committed excellence in driving forward educational content for our members. Their leadership has driven member collaboration and increased industry dialogue, which in turn paves the way toward the building of best practices in the global asset management industry,” said Jim Fitzpatrick, President and ...
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A Look at Who’s Taking the Nicsa Stage at 2020 SLF

By Nicsa posted 01-28-2020
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Thought leaders from around the nation and around the globe will convene at Nicsa’s Strategic Leadership Forum from February 26-28 at the Marriott Harbor Beach Resort in Fort Lauderdale. Here’s a look at our lineup, including experts from a diverse set of asset management firms, broker dealers, and extensive group of technology, law, and service firms that will be taking to the Nicsa stage this year. Guy Adami, CNBC Jason Brady, Thornburg Jimmy Blackmon, Leadership Expert Sheila Butze, Putnam Jane Conway, T Rowe Price David Cook, SS&C Michael Demissie, BNY Mellon Nathan Dierking, Invesco Will Dolan, Financeware ...
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Nicsa’s SLF Features Hot Topics to Warm Up Your Winter

By Nicsa posted 01-14-2020
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Join us in Fort Lauderdale from February 26-28 to address the industry’s most important issues head on. Solidify your 2020 business plans with timely insights from a diverse set of perspectives—asset management firms, broker dealers, and an extensive group professional service firms. Nicsa has over twelve hours of educational content lined up with an impressive slate of expert speakers . Conference highlights include: Guy Adami, One of CNBC's original "Fast Money Five" and Wall Street Veteran This year’s Face the Membership feature promises to be a dynamic and interactive session. Asset managers and broker dealers take the stage for a discussion ...
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Nicsa Kicks Off 2020 with a Fresh Brand and a New Technology Platform

By Nicsa posted 01-13-2020
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Washington, D.C.– January 13, 2020 – Today, leading asset management trade association NICSA is announcing it is rebranding to “ Nicsa ” and is upgrading its technology tools to better serve its members. The enhancements bring a fresh new look and improved engagement functionality as it further expands its presence in the global asset management space. “We are very proud and excited to introduce our Nicsa 2020 rebrand and upgrades. We believe these vital changes will help convey the breadth of content and opportunities we offer as well as provide an improved member experience,” said Jim Fitzpatick, President and CEO of Nicsa. “We hope the new Nicsa will invigorate ...
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