Weston, Mass.-based Advisor360° has added GWN Securities as a shopper.
GWN Securities’ roughly 800 advisors could have entry to Advisor360° capabilities, together with its account opening, advisor expertise, knowledge and reporting and shopper portal.
GWN Securities is a nationwide unbiased dealer/vendor and RIA. The agency is predicated in Palm Gardens, Fla., with roughly $21 billion in whole belongings beneath administration.
The transfer represents a milestone for the platform, which Advisor360° designed for unbiased advisors. The street to this second has been lengthy for Advisor360°, with important pauses alongside the way in which.
Advisor360° spun off from the privately-held Commonwealth Monetary Community in April 2019.
Two months earlier, in February 2019, insurance coverage dealer/vendor Massachusetts Mutual Life Insurance coverage Firm (MassMutual) introduced it might be the second firm to license the 360° Suite, with Commonwealth being the primary.
Nevertheless, this relationship between MassMutual and Advisor360° didn’t come to fruition for over two years. MassMutual took till June 2021 to start licensing Advisor360°’s software program to its over 7,500 advisors. The distinctive capabilities developed for MassMutual and the agency’s spinoff from Commonwealth meant hundreds of coding adjustments and delayed implementation, stated Darren Tedesco, president at Advisor360°, on the time.
Nepsis Names Amanda Butler as its First CTO
Nepsis, a cash manager-turned-investment advisor-turned-family workplace and CPA acquirer has named Amanda Butler the agency’s first chief expertise officer (CTO).
Earlier than taking over this newest position, Butler served for over 10 years as an outsourced guide for Nepsis. Most lately, she was principal at Mosaik Consulting, director of wealth administration at Redkite (later acquired by LiquidHub) and data techniques supervisor at Telaurus Communications.
The previous few months have been busy for the Minneapolis-based RIA, which Chief Funding Officer Mark Pearson based.
After shifting away from a third-party asset administration mannequin in 2018, Nepsis started planning its new progress technique of shopping for up tax and accounting corporations. To that finish, Nepsis accomplished its first M&A deal in November 2023 with the acquisition of Sevenich, Butler, Gerlach & Brazil, a CPA agency in St. Paul, Minn.
The agency introduced in February that it recruited Ed Stober from Choreo to function a senior wealth advisor on the Nepsis government group.
In March, Trenton Hazen left Northwestern Mutual to steer Nepsis’ new in-house company retirement plan division as director of retirement plan companies.
In keeping with the most recent kind ADV filed in April, the RIA reported over $350 million in regulated advisory belongings, 23 workers, and 15 advisors.
Rumour Research Finds Unique Content material Resonates with Shoppers
Corporations that need to join with shoppers would do nicely to supply extra authentic content material, at the same time as total social media engagement dropped in comparison with final 12 months, in line with Rumour Monetary Providers Social Promoting Content material Research.
Although final 12 months’s research discovered a 23% enhance in social media engagement, this 12 months’s version discovered that adjustments to the algorithms of those platforms and total decreased posting by manufacturers drove down engagement. For instance, after LinkedIn began focusing on spam posts final summer season, the general platform reported a two-thirds drop in engagement year-over-year as of October 2023.
To fight this development, advisors who need to stand out from their friends ought to produce extra authentic posts as a substitute of modifying and recycling content material, in line with Rumour. The common engagement charge, or whole engagement divided by whole followers multiplied by 100, of authentic content material sat at 5.2% in 2023, whereas modified posts averaged only one.7%. Unmodified posts fared even worse, as this copy and pasted content material garnered solely a 0.5% engagement charge.
The research is in its seventh 12 months. The 2024 model aggregated knowledge from over 100 asset administration, wealth administration, property and casualty insurance coverage, life and annuities and banking corporations representing 260,000 brokers and advisors who used the Rumour platform throughout 2023. The information consists of over 13 million printed social media posts, with 21 million engagements throughout Fb, LinkedIn, X (previously Twitter) and Instagram.
