The Lincoln Financial Group has named Lisa Marie DeSimone to the position of vice president of corporate development, effective April 1. She was previously a senior vice president and senior financial services officer at Lincoln's affiliate Delaware Investments.DeSimone will report to Chief Financial Officer Fred Crawford and will be responsible for sourcing, evaluating and executing merger, acquisition and divestiture activities."With her knowledge of Lincoln Financial and background in both the insurance and asset management industries, Lisa is an ideal fit for this position and will play an instrumental part in executing our growth strategy across business lines," said Crawford.DeSimone previously worked for Smith Barney/Citigroup, as well as the A.M. Best Company and The Metropolitan Life Insurance Company. She has a bachelor's degree in finance from The Pennsylvania State University and an MBA from Rensselaer Polytechnic Institute.
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Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
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New rules taking effect next year will require CFPs to earn more credits to maintain certification; FP subscribers have access to a library of more than a dozen CE quizzes.
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The new platform looks to personalize both client and planner profiles to create better matches and relationships.
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In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
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As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.
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Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for longer time horizons.
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