Blogs

Cerulli Associates and Nicsa Host Round Table Among Product & Distribution Asset Managers

By Nicsa Admin posted 4 days ago
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The roundtable discussion provided insights into various aspects of the asset and wealth management industry, including market trends, investment vehicles, advisor distribution, and the growth of RIA channels. The discussion explored projected market share of different investment vehicles like ETFs, CITs, and SMAs. Also discussed were alternative investments and platform demand, product development, and the importance of differentiation for practices. Key themes included the consolidation of assets among the largest B/D firms and the rise of RIA aggregators. Here are a few highlights from the discussion: One key focus was the shifting landscape of ...
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Nicsa Unveils New Asset & Wealth Management Summit

By Nicsa Admin posted 16 days ago
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Boston, MA – July 10, 2024 – Nicsa, a trade association connecting all facets of the global asset and wealth management industry, is evolving to better serve the changing needs of its clients by introducing a new Fall event. Nicsa is launching the Asset & Wealth Management Summit in October of 2024, featuring this year's theme: Reshaping the Industry with Artificial Intelligence (AI) & Alternative Investments . Taking place October 29-30 at the Marriott Long Wharf in Boston, MA , this forward-thinking Summit offers a comprehensive perspective on the latest advancements in asset and wealth management. The new Summit is designed to be ...
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Putting Words into Action: Quick Takes from the Fearless Leadership Symposium

By Nicsa Admin posted 23 days ago
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Advice from the C-Suite was flowing throughout Nicsa’s Fearless Leadership Symposium in NYC this June. Here's a summary of the key action items for participants to take to their own firms to advance Diversity, Equity, and Inclusion (DEI): Key Action Items and Takeaways: Get Involved in Business Resource Groups (BRGs) : BRGs for underrepresented communities are highly beneficial and provide opportunities for networking, learning about others' challenges, and discovering ways to help. BRGs facilitate deeper connections and understanding among employees. Mentor and Sponsor : Mentorship is crucial, with leaders encouraged to ...
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Fireside Chat Looks to Sponsorship as Key Element in DEI Advancement

By Nicsa Admin posted 29 days ago
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Nicsa’s Fearless Leadership Symposium hosted Byron Pitts, ABC correspondent: Bob Adams , Chief Operations Officer, Fidelity Investments; and Cinda Whitten , Head of Global Investment Operations, Nuveen for a Fireside Chat about the importance of DEI within the global Asset and Wealth Management industry. The trio provided insights as to how intentional sponsorship can move the needle on DEI and talent retention. According to these thought leaders, here’s how to support a successful sponsorship: Understand the Difference : While both mentorship and sponsorship are important, they serve different roles. Mentorship focuses on guidance ...
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Advancing Diversity, Equity, and Inclusion through AI

By Nicsa Admin posted 29 days ago
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Attendees of Nicsa’s Fearless Leadership Symposium discovered the potential of AI in mitigating bias and empowering investors. A panel of four women addressed the audience, delving into this dynamic, technology-driven subject. During the NYC-based event, Cheryl Boyd , Co-Leader of Asset Management Business Transformation at EY led a panel including Myra Chen, Director, VP, Insights and Analytics, Capital Group; Shannon Daigh , Executive Director, Global Head of Middle Office Product, JP Morgan; and Fee Torpey , Senior Manager, Deloitte Consulting Investment Management. Below is a summary of their discussion. ...
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DEI: Are We Going Backwards?

By Nicsa Admin posted 06-24-2024
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Are our strides towards a more diverse, equitable, and inclusive industry being sustained or regressing? Nicsa ’s Fearless Leadership Symposium tackled this hard-hitting question with an esteemed panel including T ommy Arnold , Principal, FSO Consulting Wealth & Asset Management, Ernst & Young LLP; Omar Aguilar , CEO and CIO, Schwab Asset Management ; and Michelle Thompson-Dolberry , Chief DEI Officer, MFS. The discussion on whether we are making progress in Diversity, Equity, and Inclusion (DEI) highlighted both positive strides and significant challenges. The conversation was centered around the pressing question: "Are we going ...
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C-Suite Executives Chart a Course for DEI at Nicsa’s FLS

By Nicsa Admin posted 06-24-2024
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During Nicsa ’s recent NYC-based Fearless Leadership Symposium , ABC correspondent Byron Pitts led a discussion among industry leaders about the pivotal issues shaping the DEI journey in asset and wealth management. Bob Adams , Chief Operations Officer, Fidelity Investments and Cinda Whitten , Head of Global Investment Operations, Nuveen provided invaluable perspectives on navigating today's complex challenges and seizing opportunities from industry trailblazers. These influential business leaders discussed their responsibility in fostering an inclusive environment within their organizations, emphasizing the critical role of creating a culture ...
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Honoring Freedom: How DPNA Member Firms are Celebrating Juneteenth in 2024

By Nicsa Admin posted 06-10-2024
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By the DPNA Industry Engagement & Events Committee In recent years, Juneteenth has gained significant recognition as a critical moment in American history, commemorating the end of slavery in the United States. As awareness of this pivotal day grows, many Diversity Project North America member firms are stepping up to honor it, not only as a celebration of freedom but also as an opportunity to educate and engage their employees about its significance. This movement reflects a broader commitment to diversity, equity, and inclusion within the asset and wealth industry. Many of our members have added Juneteenth to their list of paid company holidays, posted ...
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Nicsa’s Diversity Project North America Announces 2024 Rising Stars

By Nicsa Admin posted 06-04-2024
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Boston, MA – June 4, 2024 – Nicsa is pleased to announce the winners of its Rising Star Program , a mentorship and awards program aimed at providing networking and career development opportunities to diverse, aspiring leaders in the asset and wealth management industry. Nicsa’s Diversity Project North America recognizes the importance of supporting emerging leaders with a program that not only provides recognition and exposure for diverse employees, but develops and hones the skills critical for retention and advancement of valued talent within the industry. The 2024 Rising Stars were nominated by member firms of Nicsa’s ...
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Nicsa Plans NYC Event Focused on DEI in Asset and Wealth Management

By Nicsa Admin posted 05-13-2024
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Boston, MA – May 13 , 202 4 — Nicsa , a leading global asset and wealth management trade organization, will be hosting its annual Fearless Leadership Symposium in NYC on June 12, 2024. The in-person event will highlight business practices that promote long-term growth in the asset and wealth management industry. The event will bring together industry leaders to discuss talent acquisition and retention, corporate culture, and future-looking strategies to influence diversity, equity, and inclusion in asset and wealth management. Featured speakers include Bob Adams , Chief Operations Officer, Fidelity Investments; ...
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Nicsa Announces Final Speaker Lineup for Annual Fearless Leadership Symposium

By Nicsa Admin posted 05-07-2024
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Nicsa’s Diversity Project North America, an initiative that champions DEI as a strategic business priority within the asset and wealth management industry , is pleased to announce its impressive speaker lineup for its upcoming Fearless Leadership Symposium . The event will be held in NYC on June 12 and is an ideal opportunity to hear from asset and wealth management firms, broker dealers, and an extensive group of professional service firms. View the agenda here . The event will feature industry trailblazers discussing the pivotal issues shaping the DEI journey. The conference promises to be a powerful and inspiring event, where ...
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Nicsa’s DPNA Committees at Work

By Nicsa Admin posted 04-25-2024
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Nicsa’s committees are at the heart of our mission to connect all facets of the asset and wealth management industry to advance leading practices. Creating synergies among our various Diversity Project North America committees is one way to maintain positive momentum toward our mission of championing DEI as a business priority. Take a look at how our working committees are enriching our organization and advancing our initiative. If you are inspired by efforts below, reach out to learn how to get involved. Our Benchmarking Committee explores industry measurements and metrics around DEI standards. They are focused on benchmarking sources, internal ...
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Nicsa’s Alts Committee Gets Insights from CAIA

By Nicsa Admin posted 04-10-2024
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Aaron Filbeck a Managing Director from the Chartered Alternative Investment Analyst Association (CAIA) spoke to Nicsa’s Alternative Investments Committee on recent thought leadership issued by CAIA. Aaron is a frequent speaker and writer on various topics of alternative investments and his work has been published in CAIA’s educational programs, numerous academic journals, books, and industry publications. CAIA focuses on education, transparency and raising ethical standards in the alternative investments sector. The CAIA recently issued a thought leadership paper on the Total Portfolio Approach. Total Portfolio Approach The ...
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Nicsa Announces Allison Walsh as Vice President, Sales and Member Engagement

By Nicsa Admin posted 04-09-2024
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Nicsa is pleased to announce that Allison Walsh will assume the role of Vice President, Sales and Member Engagement, effective June 2024. Allison’s primary responsibilities will be to drive engagement, recruit new members across the asset and wealth management industry, and act as the primary contact for all sponsorship opportunities. “Allie’s industry expertise and deep relationships built over her tenure as VP of Marketing will enable Nicsa to expand our reach across an ever-evolving industry,” said Jim Fitzpatrick, President & CEO of Nicsa. The Nicsa leader added, “We plan to bring new members to our community with increased engagement, while ...
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Nicsa Members Gain Insight on Industry M&A Trends

By Nicsa Admin posted 04-02-2024
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A live panel discussion at Nicsa's 2024 Strategic Leadership Forum , M&A Hotbed , delved into the market-moving M&A deals that are dramatically altering the asset and wealth management industry. The panel was moderated by Jeff Stakel, Deloitte Consulting. Panelists included Jeb Doggett, Chief Administrative Officer, Polen Capital; Dan Houlihan, President, STP Investment Services; and Amrit Kanwal, Executive Vice President and Chief Financial Officer, MFS. The session explored the complexities and challenges involved with mergers and acquisitions (M&A) in the asset and wealth management industry. The speaker emphasized that unlike in ...
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Nicsa’s “Face the Membership” Session Featured Two of the Industry’s Most Influential Women

By Nicsa Admin posted 04-01-2024
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Asset and wealth management executives gathered at Nicsa’s 2024 Strategic Leadership Forum to discuss the most pertinent topics affecting financial professionals worldwide. The popular “ Face the Membership ” session provided valuable insight into industry trends from two of the industry’s most influential women. Bob Pisani of CNBC moderated the highly anticipated session, featuring Yie-Hsin Hung, President & Chief Executive Officer of State Street Global Advisors, and Penny Pennington, Managing Partner of Edward Jones. The following offers some insights on the trends taking the spotlight. On Artificial Intelligence: The panel explored ...
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Five Trends from Nicsa’s Product-Focused SLF Session

By Nicsa Admin posted 03-27-2024
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A recent panel discussion at Nicsa's 2024 Strategic Leadership Forum , Building Tomorrow’s Portfolio , delved into the trends are gathering steam—from investment themes to pricing and packaging—and provided insight into target investors and their preferences. The panel was moderated by Davis Walmsley, Principal at Broadridge Global Asset Management Strategy Consulting . Panelists included Katie Fischer, Director, Equity, Fixed Income and Multi-Asset Pillars, US Wealth Advisory, BlackRock ; Alex Goldsmith, Chief Strategy Officer, First Eagle Investments ; and Ben Slavin, Global Head of Commercial Engagement & Strategic Growth, BNY ...
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The Rise of Hyperpersonalization in Wealth Management

By Nicsa Admin posted 03-27-2024
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Attendees of Nicsa's 2024 Strategic Leadership Forum explored the evolution of customization in asset and wealth management in a live session titled The Quest for Hyperpersonalization . The discussion highlighted the shift from basic alignment of client needs with solutions to more sophisticated personalized models enabled by technology. The panel was moderated by Laton Spahr of SS&C and included perspectives from Steve Harris, Edward Jones; Megan Miller, Allspring Global Investments; and Mark Zeitoun, Columbia Threadneedle. Panelists emphasized the paramount importance of understanding clients' individual needs and ...
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Nicsa Members Learn How to Be Futurists

By Nicsa Admin posted 03-25-2024
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In a live session at the recent Nicsa 2024 Strategic Leadership Forum , Think Like a Futurist , participants explored the fascinating world of futurism and how to navigate the ever-evolving landscape of technological advances. Forward-thinking leadership perspectives from Matt Mackay, Executive Director, Platform Sales, Corporate & Investment Bank, J.P. Morgan and Debora Kantt, Strategic Foresight & Future Studies Director, JP Morgan discussed the mindsets that propel businesses forward. Advice from Nicsa’s future-focused session highlighted that b usiness leaders must embrace the capacity to imagine the unimaginable. ...
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SLF Attendees Learn AI Tips and Trends

By Nicsa Admin posted 03-25-2024
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A recent panel discussion at Nicsa's 2024 Strategic Leadership Forum , Reshaping the Value Chain with AI , explored the transformative impact of Artificial Intelligence (AI) on the asset and wealth management industry. The panel was moderated by Michael Sands, Senior Manager, Strategy & Consulting - Capital Markets, Accenture and featured Joe Bonanno, Global Head of Data, Digital and Innovation, Citi; Vinay Nair, Founder and CEO, TIFIN; and Koren Picariello, Executive Director and Head of Generative AI Strategy and Execution, Morgan Stanley. The discussion highlighted how AI is revolutionizing existing practices and driving automation, consequently ...
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