Blogs

CEOs Forecast the Trajectory of the Asset Management Industry

By Nicsa Admin posted 4 days ago
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A familiar face helped kick off the last day of the Strategic Leadership Forum: CNBC Anchor Tyler Mathisen, a long-time moderator of Nicsa's Face the Membership session. The journalist's fireside chat with top leaders from the asset management industry centered on the pressing issues of 2023, from how technology will continue to shape financial services to ESG investing and DEI. The conversation opened with a discussion of the impact of artificial intelligence (AI) on financial services — and what firms should do about it. Lena Haas, Head of Wealth Management Advice and Solutions at Edward Jones, cautioned against human replacement theories when discussing ...
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Financial Services in the Metaverse

By Nicsa Admin posted 4 days ago
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A session on the potential of the metaverse in the global asset and wealth management industry closed out Nicsa’s Strategic Leadership Forum in March — proving that science fiction is inching its way much closer to fact. John W. Stadtler, Partner, Financial Services Industry, PwC, moderated the panel, which focused on how the metaverse will shape products, services, and relationships moving forward. The conversation started with what remains a pressing question for many pondering the metaverse: What, exactly, is it? “Metaverse is part of what we call Web3, which is the third iteration of the internet and web,” said Grady Hua, Director at PwC. “Web1 ...
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Rethink Your Product Pipeline

By Nicsa Admin posted 4 days ago
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Each year, market intelligence provider Cerulli Associates surveys more than 10,000 affluent investors to identify investment product development trends. In early March, attendees of Nicsa's Strategic Leadership Form were given valuable takeaways from this research, as well as strategic insight into demand, distribution, and innovation across packaged investment vehicles. Scott Smith, Director at Cerulli Associates, who moderated the conference session, said today's investors seek financial advisors who take the time to understand their needs, consider their entire financial picture, and propose solutions customized to their needs and goals. With that in ...
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Financial Inclusion: Why and How to Take Action

By Nicsa Admin posted 4 days ago
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Inclusion in the workplace —a practice that prioritizes empathetic leadership and a universal sense of belonging — is a vital characteristic of a healthy company culture. But there’s a related piece of the puzzle our industry must keep top of mind: Financial inclusion. “We define that as the intentional focus on creating products, services, and strategies that solve for the underserved and underrepresented communities,” Jamila Mayfield, Partner at EY, told attendees of Nicsa’s 2023 Strategic Leadership Forum in March. The educational session, moderated by Jessica Ruggles, Corporate Vice President, Financial Wellness Thought Leadership & Market ...
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Nicsa Announces Volunteer of the Year Awardees

By Nicsa Admin posted 02-09-2023
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Boston, MA – February 9, 2023 — Nicsa has announced its Volunteer of the Year Awardees, who will be honored at its Strategic Leadership Forum at the beginning of March. Nicsa’s Volunteer of the Year Awards recognize outstanding efforts of members who are dedicated to supporting the mission of the Association, serving the global asset management community, and advancing the broader industry. Nicsa’s committees work to provide association members with educational resources on the issues that matter most to the global asset management industry. On behalf of Nicsa, committee members support the association’s mission of developing, sharing, and advancing ...
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Nicsa Recognizes New Committee Chairs

By Nicsa Admin posted 02-07-2023
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Boston, MA – February 7, 2023 – Nicsa recognized nine new Committee Chairs over the past six months who have each helped support the nonprofit’s work to advance leading practices within the global asset management industry. Committee Chairs are the visionaries responsible for establishing and tracking the mission of Nicsa Committees, as well as presiding over activities and content generation. Nicsa supports a variety of committees that are open to all employees of member firms, which include asset managers, wealth managers, Broker Dealers, and professional service firms. Committee engagement provides an excellent opportunity for individuals from all divisions, ...
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A Letter to Members from Jim Fitzpatrick, 2023

By Nicsa Admin posted 02-06-2023
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As we move along into this new year, I’d like to take a moment to thank you for your ongoing support of each other, our industry, and Nicsa during the last twelve months. 2022 was a very special year for Nicsa as we celebrated our 60th anniversary. I’d like to highlight some of the ways we’ve been working to advance the industry and promote best practices. Please join me for a moment to look at how critical connections among our membership, including asset managers, wealth mangers, broker dealers and service providers, have shaped and powered the industry. As all of you are aware, Nicsa is a volunteer organization, and we are dependent on our committees ...
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What Would You Do If You Knew You Could Not Fail? Find out at Nicsa’s SLF.

By Nicsa Admin posted 02-01-2023
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Chasing Failure is all about having a vision for a goal and knowing that the road will be paved with failure, but still proceeding with conviction and passion. This is what sets apart those who succeed beyond measure. When was the last time you said yes to an opportunity that you knew might fail? This is the question that leadership expert Ryan Leak is asking Fortune 500 executives, NBA all-stars, and on March 1 in Fort Lauderdale : the Nicsa membership. Join us at Nicsa’s Strategic Leadership Forum , where Ryan will share the blueprint for Chasing Failure. Ryan Leak is an Author, Speaker, Executive Coach, and Filmmaker. He has been hired by Fortune ...
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Nicsa Elects Four New Members to Its Board Of Directors

By Nicsa Admin posted 01-31-2023
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Boston, MA – January 30, 2023 – Nicsa has announced the election of four new members to its Board of Directors. The new Board members are as follows: Emmy Bernard , Partner, Head of Marketing & Strategic Partnerships, ACA Group John Gray , Senior Vice President, Envision Financial Systems, Inc. Angela Morales , Director of Alternative Investments, Charles Schwab Investment Management Christine Selmi , Senior Vice President, Account, Treasury & Tax Services, Fidelity Investments Ryan Burns , Senior Vice President, Northern Trust was nominated to join the Executive Committee and serve as a Vice President and Chair of the ...
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Invesco’s Head of Americas Region to Address Nicsa Membership at Flagship Event in March

By Nicsa Admin posted 01-19-2023
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Andrew Schlossberg is Senior Managing Director and of Invesco’s Head Americas region. He has been in the asset management industry since 1996 and has been with Invesco Ltd. since 2001, serving in multiple leadership roles across the company’s global businesses. Mr. Schlossberg will address Nicsa members at the 2023 Strategic Leadership Forum in Ft Lauderdale this March. Mr. Schlossberg is active within the financial services industry, currently serving on the Investment Company Institute (ICI) Board of Governors and Executive Committee. Previously, he served on the board and advisory boards of the U.K. Investment Association, ICI Global, City U.K. and the ...
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JP Morgan’s Chief Global Strategist to Headline at Nicsa’s Strategic Leadership Forum

By Nicsa Admin posted 01-04-2023
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Dr. David Kelly , one of the industry’s most respected authorities on capital markets, will address Nicsa members at the 2023 Strategic Leadership Forum in Ft Lauderdale this March. Dr. Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With a focus on investment implications of an evolving environment, Dr. Kelly will share his views on the economic landscape and prospective asset class returns. Attendees will benefit from this Economic & Election Impact Masterclass and have an opportunity to ask questions that will shed light on an environment of rapid market change, evolving ...
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Four Thought Provoking Questions About Sales Data

By Nicsa Admin posted 12-13-2022
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In the asset management industry, harnessing data correctly helps distribution teams boost productivity and improve client engagement, among other benefits. Leaders from Franklin Templeton, Allspring Global Investments, and Morgan Stanley took a deep dive into this topic during a recent session at Nicsa’s GMM moderated by Ben Doob, Head of Market Intelligence at ISS. Doob asked four thought-provoking questions: How are firms prioritizing data acquisition? For John Miller, Investment Strategies Consultant at Allspring Global Investments, the goal is to acquire datasets that cover an advisor's needs in a holistic manner. But before prioritizing ...
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Five Critical Dimensions of Data: A Primer for Asset Managers

By Nicsa Admin posted 12-13-2022
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Thought leaders from Citi and Capital Group shared their perspectives on how to consume big data, manage its governance, and deploy comprehensive management solutions during a recent Nicsa GMM session moderated by Brad Mahaney, Managing Consultant at Aliter Investment Services. "The amount of information available to us has grown exponentially, and that's a function of innovations in hardware storage and computational power," said Tom Lloyd, Director of Quantitative Research and Analytics at Capital Group. "Twenty to 30 years ago, storing a megabyte of data was hugely expensive. Today, we're talking about terabytes of data the same way we were talking ...
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Why Customized Service Models Are Here to Stay

By Nicsa Admin posted 12-07-2022
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Companies like Amazon, Uber, and Airbnb have radically altered customer expectations — and in doing so, they've raised the bar for everyone. As a result, people now expect Amazon-like conveniences across all industries and areas of practice, including financial services. Members of Nicsa explored this phenomenon at their 2022 General Membership Meeting . A recent Cerulli survey was examined, including responses from approximately 10,000 affluent investors. Respondents ranked the following characteristics as extremely important in an advisor: Takes time to understand your needs, goals, and risk tolerance (51%) Looks at your entire financial ...
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Advice from Industry FinTech Experts

By Nicsa Admin posted 12-07-2022
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It’s one thing to hear about the latest emerging technologies — but entirely another to deploy and manage them across your firm. Leaders from top asset management companies recently showed attendees of Nicsa’s GMM how it’s done, detailing their experiences with new and innovative solutions built to advance firms worldwide. “Traditionally, we think of fintech as artificial intelligence/machine learning, blockchain, the cloud, and data — but in underlying those four concepts is a lot of orchestration that has to happen,” said Gautam Moorjani, General Manager of Intelligent Automation Solutions at SS&C. “For us, the goal is to become the largest consumer ...
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Our Most Tangible Takeaways on Fearless Leadership

By Nicsa Admin posted 11-22-2022
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Guest Blog: DPNA Industry Engagement & Events The Diversity Project North America connects industry professionals to collaborate on the issues and opportunities that are driving DEI in asset management. The Engagement & Events Committee shares findings and ideas with the broader industry community. Recently, the Industry Engagement & Events Committee met to discuss the content presented at the recent Fearless Leadership Symposium with the goal of summarizing and sharing the most tangible takeaways from the event. The FLS focused on practices that enhance productivity and promote the long-term sustainability of the asset management industry. ...
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Nicsa Honors its 2022 NOVA Award Winners

By Nicsa Admin posted 11-02-2022
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Boston, MA -- November 2, 2022 -- Nicsa, a leading asset management trade association, is proud to announce the winners of the 2022 Nicsa NOVA Awards, which recognize excellence in innovation and leadership within the asset management industry. The 2022 award winners are as follows: Outstanding Service to the Fund Industry - Robert L. Gould Award Rheeta Wise, President, MFS Service Center, MFS Investment Management Strategic Leadership Award Anne Hebard-Duduch, Strategic Client Executive, SS&C Technologies Industry Innovation Awards Innovation in Distribution | Eaton Vance Advisor Institute | Chasing Positivity® Innovation ...
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Nicsa Elects Five New Members To Its Board Of Directors

By Nicsa Admin posted 11-02-2022
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Boston, MA – November 2, 2022 – Nicsa announced at its 2022 General Membership Meeting the election of five new members to its Board of Directors. The new Board members are as follows: Mike Mastroianni , US Head of Relationship Management, SS&C Kelli O'Brien , Director, Citi Charles Rizzo , Chief Operations Officer, Americas and EMEA, Head of Global Fund Administration, John Hancock Tosin Salami, Senior Vice President, of Product Strategy, State Street Bank John Stadtler , Partner, PwC Financial Services “We’re excited to expand our board with five new members who will bring expertise and insight to our work and long-term mission,” said ...
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Supporting Transgender Colleagues

By Nicsa Admin posted 10-31-2022
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By the time Allie Shafer reached her mid-30s, she had transitioned socially as a transgender woman with one major exception: her workplace. Her company was located in Missouri, a state that to this day has no law prohibiting discrimination based on sexual orientation or gender identity. Around the same time, Shafer’s wife was diagnosed with rheumatoid arthritis, a painful, chronic, and debilitating inflammatory disorder. In addition to the cost of making a living, available treatments for rheumatoid arthritis were expensive — approximately $100,000 per year without insurance. Under Missouri law, the threat of being stigmatized or even fired at work ...
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Three Things Working Moms Want

By Nicsa Admin posted 10-31-2022
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“Never overlook the power of moms,” Chandra Sanders, VP of RISE at The Mom Project, said during a lightning session at Nicsa’s recent Fearless Leadership Symposium . “Why? Because moms are a force. A workforce.” At The Mom Project , Sanders works to create economic opportunity for mothers and women of color by helping them live their most authentic lives while maximizing their power, influence, and earning potential. Sanders said women who are moms bring a unique skill set to the workplace — one that should be recognized and sought after by hiring managers everywhere. “Moms act as the C-suite of their entire family,” she said. “They’re the CEOs, ...
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