Fidelity Investments

Roger Hobby Joins Empower as EVP for Personal Wealth

Retrieved on: 
Monday, March 25, 2024
Professional Services, Consumer, Seniors, Finance, Asset Management, Consulting, Personal Finance, EVP, Empower, Harvard Business School, Wealth management, Wealth, University, Hobby, Wilmington Trust, Thought, Fidelity, Fidelity Investments, Investment, Multimedia, Workplace, FINRA

View the full release here: https://www.businesswire.com/news/home/20240325760082/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240325760082/en/
    Roger Hobby Joins Empower as EVP for Personal Wealth.
  • (Photo: Business Wire)
    Hobby will join Empower on April 1 and bring extensive wealth management, executive benefits, workplace, and general management skills.
  • He will lead the company’s in-plan and direct-to-consumer long-term customer focus, which will include delivering outstanding service, financial planning, and advice expertise.
  • “Roger has a very deep understanding of our customers’ needs and choices, and I am confident he will help Empower Personal Wealth create valuable experiences for them,” said Carol Waddell, President of Empower Personal Wealth.

Ethena’s Synthetic Dollar USDe Exceeds $1B Supply

Retrieved on: 
Tuesday, March 19, 2024
Fintech, Other Professional Services, Cryptocurrency, Professional Services, Dragonfly, TVL, Bybit, General partnership, History, FMR, ETH, Decentralized finance, Fidelity Investments, Investment, BitMEX

Just one month after Ethena Labs launched USDe, a crypto-native synthetic dollar, the total supply has exceeded 1 billion.

Key Points: 
  • Just one month after Ethena Labs launched USDe, a crypto-native synthetic dollar, the total supply has exceeded 1 billion.
  • This is the fastest time period in which a dollar based crypto asset has reached 1 billion dollars into mainnet.
  • Backed by Dragonfly, BitMEX founder Arthur Hayes and every major derivative exchange in crypto, Ethena’s synthetic dollar USDe was brought to market alongside the value accruing “Internet Bond” sUSDe.
  • While USDe is a comparable asset to traditional stablecoins in certain aspects, the launch of USDe marks the debut of a new unique digital asset class: the synthetic dollar.

Silver Creek Capital Hires Michael Callahan as Managing Director, Business Development

Retrieved on: 
Tuesday, March 19, 2024
Banking, Asset Management, Professional Services, Finance, Growth, Silver, Business, Business administration, DWS Group, History, BlackRock, Business development, Senior, CFA, DWS, Fidelity Investments, Saint Anselm College, Management

Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, today announced that Michael Callahan has joined the Firm as Managing Director, Business Development.

Key Points: 
  • Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, today announced that Michael Callahan has joined the Firm as Managing Director, Business Development.
  • He most recently served as a Managing Director at Investcorp, focused on institutional capital raising for its global credit business.
  • I am excited to collaborate with our team to pursue a wide range of attractive business opportunities.”
    The addition of Mr. Callahan reflects the continued growth of the Silver Creek team.
  • Mr. Callahan brings more than 25 years of experience in business development and client relationship management.

Country Pointe in Plainview, LI, NY by Beechwood Is Sold Out

Retrieved on: 
Thursday, March 14, 2024
Commercial Building & Real Estate, Construction & Property, Urban Planning, REIT, Interior Design, Building Systems, Architecture, Other Construction & Property, Residential Building & Real Estate, Storm, Friends, Tennis, Quality of life, Nature, Restaurant, Shed, Ageing, Trail View State Park, Shop, Commerce, Chase Bank, Patronage, Long Island Business News, Research, Arverne, Queens, Housing, Fidelity Investments, Family, Work, Map, Consultant, Walking, Old Country Road, Swimming, Pond, Town, News, Sea, Bath, Heart, Multimedia, Retail

View the full release here: https://www.businesswire.com/news/home/20240314292675/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240314292675/en/
    Country Pointe in Plainview, Nassau County, Long Island, NY is a 143-acre mixed-use development by The Beechwood Organization.
  • The Shops at Country Pointe in Plainview is a $45 million 118,450-square-foot retail plaza at 1427 Old Country Road.
  • Mr. Wang’s vision laid the groundwork for Beechwood to develop Country Pointe in Plainview.
  • Brand names include Arverne by the Sea, Bishops Pond, Country Pointe, Harbor Pointe, Lakeside Pointe, Marina Pointe, Meadowbrook Pointe, Oak Ridge, South Creek, The Latch, The Selby and Vanderbilt.

Fidelity Investments® Research: Retirement Transforming as 2-In-3 Americans Live More Intentionally Post-Pandemic

Retrieved on: 
Tuesday, March 12, 2024
Men, Professional Services, Consumer, Baby Boomers, Asset Management, Other Professional Services, Generation Z, Women, Human Resources, Generation X, Seniors, Millennials, Finance, Baby boomers, Social Security, Tax, Head, Travel, History, News, Hope, Pleasure, Fidelity, Woman, Male, Social, Concern, Road, Fidelity Investments, Workforce, Dream, Physical fitness, Investment, Multimedia, Medicare, Gen, Legislation, Financial adviser

Across generations, two-thirds look forward to pursuing work for pleasure while in retirement and hope for a phased retirement – working full-time at first, then part-time, before stopping altogether.

Key Points: 
  • Across generations, two-thirds look forward to pursuing work for pleasure while in retirement and hope for a phased retirement – working full-time at first, then part-time, before stopping altogether.
  • “Americans are approaching their ‘golden years’ with more intention and opportunity than ever before,” said Rita Assaf, vice president of Retirement Products at Fidelity Investments.
  • Fidelity also created the Fidelity Retirement Score℠ , which provides a rough estimate of how much people may need in retirement and suggests ways to help improve their score.
  • Plus, for those with Fidelity workplace retirement accounts, there is access to one-on-one appointments, phone consultations and workshops through their employers.

AlphaTrAI Names Seasoned FinTech Business Executive John F. Sweeney as President

Retrieved on: 
Thursday, April 4, 2024
Momentum, Automation, Exchange-traded fund, Unified managed account, Labour, Provenance, ETF, Fintech, Blockchain, SAN, Artificial intelligence, SMA, Entrepreneurship, AI, Osprey, Non-fungible token, MMI, Fidelity Investments, Investment, UMA, Cryptocurrency

SAN DIEGO, April 4, 2024 /PRNewswire/ -- AlphaTrAI, a technology consulting and service provider for the wealth and asset management industry, delivering results through the application of artificial intelligence and applied technologies, today announced the appointment of financial services executive, accomplished entrepreneur and FinTech innovator John Sweeney as its new president. Mr. Sweeney will use his over three decades of leadership experience, deep industry expertise and technological capabilities to lead the firm in implementing its strategic vision to drive automation and efficiency into the wealth and asset management industries. He will report directly to industry veteran and AlphaTrAI CEO and Chairman Bill Dwyer.

Key Points: 
  • John's a business builder who not only stays ahead of the curve but who can see around corners to maximize outcomes."
  • Before joining Osprey, he was Head of Wealth and Asset Management at Figure Technologies, a FinTech unicorn building Business to Consumer (B2C) financial products on top of a Business to Business (B2B) blockchain called Provenance.
  • "I've been watching Bill and his team at AlphaTrAI do extraordinary things at the intersection of AI and portfolio construction.
  • Mr. Sweeney spent over 19 years at Fidelity Investments as an Executive Vice President and head of several areas, including the managed accounts business, trust bank, retirement planning and portfolio construction tools and mutual fund product management.

Choreo Bolsters Organic Growth Strategy with Appointment of Four Senior Leaders

Retrieved on: 
Wednesday, April 3, 2024
Partnership, Dimensional Fund Advisors, Communications officer, Business development, Acquisition, Senior, Fidelity Investments, Region, Investment, CPA, Management

CHICAGO, April 3, 2024 /PRNewswire/ -- Choreo, LLC ("Choreo" or "the firm") announced today that it has bolstered its leadership team, naming four professionals to new senior leadership roles across the firm. Collectively, the appointments reflect Choreo's ongoing expansion and will boost the firm's ability to drive meaningful organic growth, augment support of strategic CPA partnerships and elevate the client service model.  

Key Points: 
  • Collectively, the appointments reflect Choreo's ongoing expansion and will boost the firm's ability to drive meaningful organic growth, augment support of strategic CPA partnerships and elevate the client service model.
  • "Over the past two years, we have laid the foundation for our ambitious growth strategy, which is rooted in making Choreo the preferred partner for advisors working at the intersection of tax and financial planning," said Larry Miles, CEO of Choreo.
  • The new senior leader appointments are:
    Jim Waller, Regional Vice President, Business Development, Mid-Atlantic: Waller will support advisors in Maryland, Virginia, Philadelphia and New York.
  • He joined Choreo as part of its acquisition of BDO Wealth Advisors, which was announced in November 2023.

Stratos Wealth Advisors Welcomes $500 Million Reno Tahoe Wealth Management from RBC

Retrieved on: 
Monday, April 1, 2024
Stratos, Growth, Royal Bank of Canada, Practice management, Financial adviser, Eye, Fidelity, Fidelity Investments, Investment, Management

BEACHWOOD, Ohio, April 1, 2024 /PRNewswire/ -- Stratos Wealth Advisors (Stratos), a part of Stratos Wealth Holdings announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office. The team will use Fidelity as its primary custodian. Working with Fidelity Investments provides the team with access to a wide range of products and services that can help serve the needs of their clients.

Key Points: 
  • BEACHWOOD, Ohio, April 1, 2024 /PRNewswire/ -- Stratos Wealth Advisors (Stratos), a part of Stratos Wealth Holdings announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office.
  • Peter Bessette, Dan Roberts, Carla Bessette, Erich Brenner, Sonni Schafer and Drew Bessette have created Reno Tahoe Wealth Management, a team that manages approximately $500 million in total client assets.
  • Peter was previously the branch manager for RBC Wealth Management in Reno.
  • "Peter's reputation as a firm leader positions Reno Tahoe Wealth Management for growth in the Northern Nevada region.

The Designery expands its reach into North Carolina with new location in North Raleigh

Retrieved on: 
Wednesday, March 27, 2024
MetLife, University, Plymouth State University, Fidelity Investments, Music, Nine men's morris, Investment, Human

RALEIGH, N.C., March 27, 2024 /PRNewswire/ -- The Designery, an immersive, full-service kitchen, bath and closet design center featuring high-quality cabinets, countertops and flooring, will celebrate the grand opening of its newest location in Raleigh, North Carolina, on Thursday, April 25.

Key Points: 
  • The Designery North Raleigh owners Dana and Anne-Louise Merrill say they look forward to providing Raleigh homeowners with the design tools they need to make their homes beautiful, comfortable and useful.
  • We want to be that trusted partner that people in the Raleigh area use when they want to reimagine their space."
  • The Designery North Raleigh serves residents in Cary, Morrisville, New Light, Raleigh, Rolesville, Wake Forest, Wendell and Zebulon.
  • It is the third location in North Carolina, with additional showrooms in South Charlotte, Lake Norman and Concord, North Carolina.

Cetera Bolsters Legal Team with New Hires and Additional Internal Staff

Retrieved on: 
Tuesday, March 26, 2024
UCLA School of Law, University of Denver, SAN, Regulatory affairs, History, Policy, Cetera Financial Group, University, Senior counsel, MBA, Buffalo, Counsel, Investment, University of California, Berkeley, Fidelity Investments, Retirement, University at Buffalo, Harvard Law School

SAN DIEGO, March 26, 2024 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, announced today that it has expanded its legal team to include a key new hire as well as multiple internal promotions and transitions into the department. The growth signals Cetera's commitment to serving advisors with industry-best legal resources in an increasing regulatory environment. The changes include:

Key Points: 
  • Kirwin comes to Cetera with an extensive background in investments and brokerage firms, having spent more than 15 years in the legal department at Fidelity Investments.
  • In this new role, he joins the legal leadership team and will expand his business support leadership to cover multiple departments firm wide.
  • Mark Quinn, Cetera's Head of Regulatory Affairs since 2015, transitioned to the legal team from Cetera's risk department.
  • "With these new appointments, I am confident that Cetera's legal department represents a powerful team that is comprised of the industry's best and brightest legal minds.