Leading Third-Party Transitions Consultancy and M&A Advisory Firm for Independent Wealth Management Space to Provide Solutions Designed to Maximize Preparedness in Post-Reg BI Regulatory Environment for Chalice’s Member Financial Advisors
BridgeMark Strategies (BridgeMark or “the firm”), a leading third-party advisor transitions consultancy and M&A advisory firm for the independent financial advisory space, announced today that it has formed a strategic alliance with Chalice Financial Network, a Software-as-a-Service-based member-benefit organization. As part of the new strategic alliance, BridgeMark Strategies will offer its services and solutions on a discounted basis to Chalice’s community of over 48,000 independent financial advisor members.
Led by Jeff Nash, a 25-year wealth management industry veteran, BridgeMark serves as an unbiased source of guidance and support for independent financial advisors, encompassing those looking to move between independent broker-dealer or RIA platforms, establish their own RIA, sell or buy a practice, or maximize growth opportunities by recruiting new advisors to their business. The firm leverages its extensive experience and unparalleled connections across the financial service space – spanning over 80 IBDs and RIAs – to help advisors make the most informed decision possible about the best steps to take to meet the current and future goals of their businesses.
Mr. Nash, BridgeMark CEO and co-founder, said, “BridgeMark is proud to partner with Chalice Financial Network, whose mission of providing independent advisors with access to the best possible services is completely aligned with ours. We look forward to a long collaboration with the Chalice team and their advisor members.”
Chalice’s members will gain access to BridgeMark’s comprehensive set of transition support and solutions, which are especially relevant to financial advisors managing between $50 million to $750 million advisory and brokerage assets, an often overlooked and underserved segment of the industry. Such advisors typically struggle to find unbiased consultation and advice, since most of the information they come across is provided by the firms attempting to recruit them.
BridgeMark’s entire set of services include:
- Broker-dealer research and transition support: For advisors actively seeking to transition, BridgeMark helps them to understand their needs, wants and dislikes, then narrow down their list of options to a handful of possible destination firms. BridgeMark helps evaluate pros and cons of firms and then negotiates the most favorable transition incentives.
- RIA transition support: For advisors considering starting or joining an RIA, BridgeMark helps to evaluate the pros and cons of the move and, if advisors choose that route, it assists in custodian evaluation and negotiations.
- M&A support: For advisors actively looking to sell their businesses or merge them into other practices, BridgeMark uses its broad industry networks to identify potential acquisition or merger partners, then negotiate terms and help advisors close deals when the time arrives.
With the SEC recently having adopted Reg BI, advisors can rely on BridgeMark to serve as a trusted ally and counselor as they contemplate what the new regulatory landscape means for their business.
Chalice CEO Keith Gregg said, “We are thrilled to make the transition services that Jeff and his team provide more accessible to our members. Particularly for smaller practices that may not command the scale and attention that bigger offices do, having a resource like BridgeMark in their corner gives them crucial information that levels the playing field and ultimately empowers them to make the best strategic decisions for their business and their clients.”
Venture Capital Investment in FinTech: A Visualisation
Right after the 2008 World Financial Crisis, a new sector has dominated the financial industry scene. We’re talking about the FinTech sector. The financial technology industry, an ensemble of financial services that span from banking to loans to insurance technology, regulatory technology, payments, mobile banking, among other types of technology has grown immensely in the past decade, and we appear to have entered the apex of this growth right before the start of the year 2020.
But what has been the impact of FinTech on job creation, money transfer, consumer experience, taxation in Europe and Switzerland, and in various other areas of society?
To help draw some interesting conclusions and answer a few of these questions, visualising the data on investment in the financial technology industry can be extremely helpful.
In the EU FinTech map and graph we can clearly observe the decline in investment in the UK following the divisive 2016 Brexit vote. The reason for the decline could be the uneasiness in investing money in the UK when the situation is uncertain at a political level. Yet, financial trends suggest that this decline, which reflects data based on venture capital investment, is perfectly in tune with a consolidating industry, where the investment comes more from later rounds of funding.
The decrease in capital invested is still most certainly due to investor’s uncertainty. The changes in the banking, insurance and loaning industries are shaking the foundations of what used to be regarded as a solid sector before the 2008 WCF.
In this climate, one of the most interesting insights the map offers is the slow but steady rise of Germany as a dark horse in the FinTech sector. Germany has long been second to the UK in financial technology investment and start-up creation, yet there could be a shift in trends that might make Germany the leading European power in this booming industry.
The UK has always attracted new business through well-placed regulations aimed at facilitating the creation of new opportunities for all. Separation from the EU and the subsequent immigration policies that may be implemented could drive international talent away from the British territory.
To have a better understanding of the data, you can check the below interactive map and time graph:
About the author: Nicola Clothier is CEO of Accurity GmbH, a Swiss-based employment service provider. Nicola has an Honours degree in English Literature from Stirling University and more than 20 years’ experience in Swiss employment, and personnel leasing up to executive level throughout Europe.
Investors’ confidence in P2P lending is growing in Europe
According to a survey by the platform Robo.cash, 64.9% of the European P2P investors have full confidence in P2P lending. Remarkably, 52.3% of respondents mentioned that P2P loans take a considerable share of their investment portfolio – over 25%.
The fully-automated P2P service Robo.cash surveyed 600 European P2P investors. According to the findings, 45.4% of respondents consider P2P lending reliable for investments, although they were hesitant at first. Another 19.5% of investors have trusted this sector from the very beginning.
The level of confidence in P2P lending is also observed in the distribution of funds in the investment portfolios. It’s no secret that most investors look for diversification by investing in various assets – stocks, bonds, cryptocurrencies etc. It is remarkable that 52.3% of respondents said that investments in P2P loans take more than 25% of their portfolios. 7% of respondents mentioned investing only in P2P lending.
Commenting on the results of the survey, Sergey Sedov, Chief Executive Officer of Robocash Group, added: “The expertise of online lending platforms is one of the factors influencing the degree of investors’ confidence. We see this by the example of our own P2P platform. In 2017, when Robo.cash was just launched, the average monthly number of new investors joining the platform was 140. In 2019, it has grown to 360. Investors’ trust is also reflected in the volume of invested funds. Today, we have 382 users who have allocated the maximum possible amount compared to 125 at the end of 2018. Looking at the European P2P lending on the whole, it is clear that its volumes keep growing from year to year. Developing at a fast pace, this segment will continue gaining trust of the increasing number of investors.”
Wirex Launches Enhanced Cryptoback™
Today, payments platform Wirex launched a supercharged update of their revolutionary Cryptoback™ rewards programme. Customers can now earn up to 1.5% back in Bitcoin on Wirex Visa card purchases.
Released in 2018, Cryptoback™ was the world’s first rewards programme that paid out 0.5% in cryptocurrency for all in-store spending with the Wirex Visa card. Thanks to the recent launch of the Wirex Token (WXT), customers can now triple the amount of BTC they earn – making investing in cryptocurrency easier than ever before.
Depending on the amount of WXT held, in-store Wirex card purchases now generate up to 1.5% in Bitcoin. There are three levels of crypto rewards available:
- 500,000 WXT = 1.5% Cryptoback™
- 100,000 WXT = 1.0% Cryptoback™
- 50,000 WXT = 0.75% Cryptoback™
Wirex have calculated that the average UK consumer stands to earn more than £300 in Cryptoback™ every year, just by using their Wirex Visa card for day-to-day spending. Unlike many other cashback programmes, Wirex doesn’t impose restrictions on what customers can do with their rewards. Cryptoback™ can be redeemed instantly into their Bitcoin accounts, or quickly and easily exchanged into fiat for spending.
Enhanced Cryptoback™ is just one of the ways that holding Wirex Tokens allows customers to get even more out of their account. They can also enjoy heavily discounted fees based on the same structure, with access to premium products, merchant offers and airport lounges coming soon. As Wirex co-founder Pavel Matveev explains:
“We created the Wirex Token to be something that provides tangible value and benefits for holders beyond its market trajectory. Enhanced Cryptoback™ is the perfect example of this, as it allows customers to earn and invest in digital currency with a minimum of fuss. We’re looking forward to introducing even more benefits for WXT holders soon.”
Subscribe to PICANTE via Email
Follow us on Facebook
Craft coffee roasters from Poland KawePale reinforce their position in UAE at SIAL Middle East expo
Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds
Law Firm of Estey & Bomberger Reports: Uber Says Nearly 6,000 Rapes, Sexual Assaults Occurred in Two-year Period
Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable
Play harnesses ADVA timing solution for 5G-ready mobile network
Japan’s Friendship Ties Programs JENESYS 2019 ASEAN Inbound Program 15th Batch
Alfresco Wins 2019 Aragon Research Innovation Award for Content Management
Mark Your Calendars! Best Buy Unveils 12 Days of Deals
Chorus.ai Wins 2019 Aragon Research Innovation Award for Conversational AI
The 3rd HK Store of “A Happy Pancake” Finally Opens!!
Is It Safe To Drive On CBD?
Oculus Rift, PSVR & HTC Vive VR Headset Deals for Black Friday & Cyber Monday 2019: All The Best VR Headset Sales Rounded Up By Consumer Walk
Rovio Entertainment Corporation: Repurchase of own shares on 29 November 2019
HTC Vive, Oculus Rift, Samsung Gear & PSVR Cyber Monday Deals (2019): Top VR Headset Sales Researched by The Consumer Post
Monitor Cyber Monday Deals (2019): Top Samsung, Acer, ASUS, HP, G-Sync & LG Monitor Sales Researched by Consumer Articles
Sonos Black Friday & Cyber Monday 2019 Deals: List of Sonos Beam, Play, Playbar Deals Released by Deal Tomato
Samsung Galaxy (Note10, S10, S9) Cyber Monday 2019 Deals: All the Best Samsung Galaxy Smartphone Sales Rounded Up by Deal Tomato
Samsung Galaxy Note10, S10, S9 & Note9 Black Friday & Cyber Monday 2019 Deals List: The Best Galaxy Smartphone & Tablet Deals Listed by Retail Fuse
Garmin Black Friday 2019 (ForeRunner, Fenix, Vivosmart, Instinct, etc) Smartwatch Deals Listed by Deal Answers
The Top Fireplace Black Friday & Cyber Monday Deals (2019): List of Wall Fireplace, Recessed Fireplace & Electric Fireplace Savings Shared by Saver Trends
Follow our Tweets
Business Wire7 days ago
Ryan Acquires SALT Payroll Consultants, Expands Human Capital Tax Practice
Business Wire7 days ago
Web Hosting Cyber Monday Deals (2019): SiteGround, WP Engine, HostGator, Bluehost & Liquid Web Deals Rated by Compare Before Buying
Business Wire7 days ago
Best Blink, Lorex, SmartThings & WeMo Cyber Monday Deals for 2019: Smart Home Deals Listed by Save Bubble
Business Wire7 days ago
Top Cyber Monday Apple Watch Series 5 Deals for 2019 Reviewed by Deal Stripe
Beauty and Lifestyle6 days ago
Dentistry for adults: 7 Interesting facts to know before choosing your dentist
IT7 days ago
Sprout Social Announces Launch of Initial Public Offering
IT7 days ago
Cruelty free production has become a sought after feature in cosmetics products for female shoppers in the UK, Photoslurp study finds
IT6 days ago
Mimecast to Present at the Barclays Global Technology, Media and Telecommunications Conference 2019