Timothy J. Swanson

🚀 Leadership Expansion at Elevation Point Capital Jim Dickson's Elevation Point Capital is making bold moves, adding key executives from Summit Financial and BNY Pershing to its leadership team. This strategic growth signals the firm's ambition to reshape the RIA and wealth management landscape. 📖 Learn more about the new additions and their impact: http://spr.ly/6043sYuFL What does leadership evolution mean for the future of wealth management firms? Share your insights below! 👇 #WealthManagement #RIA #Leadership #IndustryNews

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The SEC's Small Business Advisory Committee recently tackled the definition of accredited investors and the drop in IPOs, exploring adjustments to wealth thresholds and ways to aid small businesses. #SEC #SmallBusiness #IPO https://lnkd.in/eVDU4ThM

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We're joining the NASAA (North American Securities Administrators Association) to advise Tennessee investors to ask questions and understand the differences between financial professionals before agreeing to hire one. Investment professionals in the United States and Canada are required to provide important documents to their customers and clients so that the public has access to material information about the professionals’ backgrounds. Different categories of financial professionals have different disclosure requirements, but investors should pay careful attention to every document that they receive regardless of who they consider working with. In the United States, broker-dealers and broker-dealer agents buy and sell securities on behalf of their customers. Broker-dealers and their agents may make recommendations about what securities their customers should trade, but they must make recommendations that are in their customers’ best interests. Investment advisers and investment adviser representatives provide advice to their clients about what securities they should buy, sell, or hold within their accounts. Investment advisers and investment adviser representatives are fiduciaries who owe their clients heightened duties of care and loyalty, including a duty to make investment recommendations in their clients’ best interests. Broker-dealers, broker-dealer agents, investment advisers and investment adviser representatives must register with federal and/or state securities regulators in order to lawfully conduct business. Bottom line: Read everything the financial firm or professional gives you and focus on how their services will affect your financial future, including how much those services will cost. Contact your state or provincial securities regulator for resources to understand how to research investment professionals where you live. Questions? Contact TDCI'sSecurities Division by following the link in our bio or calling 800-863-9117 for more information, if you have questions, or if you suspect a securities fraud has occurred. To learn more, visit: https://lnkd.in/gZMuUUtY #tnsecurities #tennessee #smartmoney #consumerprotection

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On Tuesday, June 4, Executive Director Bill McMahon will join Arcesium's webinar discussion, "Reaching for the Operational North Star in Private Credit Investment Portfolios." Register today: https://lnkd.in/ecqeRVex Bill will join industry experts Cesar Estrada, Courtney DeBolt, and Bryan Cole as they delve into: -The main drivers of operational challenges in alternative investments -How other investment firms are starting to address operational challenges -Uncovering the North Star to a proper middle and back office

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The U.S. Securities and Exchange Commission kicks of 2025 by requiring #ONEThousandandOneVoicesManagement, (filing Adviser) Family Legacy Capital Credit (relying Adviser filing) and Hendrik Jordaan (Owner) to pay civil penalties of $250,000 for charging unsupported and unspecified expenses to its funds between 2019 and 2023, overcharging management fees and failing to adopt policies and procedures designed to prevent violations of the Advisers Act. Convergence Inc #OperationalRiskInsight - During the 2019-2023 infraction period #OneThousand&OneVoicesManagement's Convergence Inc Non-Investment Risk score was "MEDIUM-WATCH." And it's #Compliance Risk score was HIGH for a number of reasons including 1) its CCO was multi-hatted, 2) its regulatory filing quality (RFQ) was poor and 3) a large percentage of their investors were non-US persons. Convergence Inc Call to Action - #Investors,#fundaminstrators and #auditors should obtain Convergence Inc non-investment risk scores before investing in, or doing business with #privatefundadvisers with these signals. When these key #risksignals exist dig deeper into the adviser's compensating controls to avoid being financially injured and embarrassed. In this case, the filing adviser named a prominent Top 5 #fundadministrator as its fund admin. Contact John Phinney at [email protected] https://lnkd.in/ehKFZgPm #hedgefunds #privateequity #realestate #duediligence #riskmanagement #forensicaccounting #compliance #rias #fundadministrators #auditors #datascience #AI #venturecapital #duediligence #odd #operationalduediligence #fraud #riskmanagement #infrastructurefunds #investmentbanks #mergers #acquisitions U.S. Securities and Exchange Commission U.S. Department of Labor OCIO Public Company Accounting Oversight Board (PCAOB) #primebrokers #investors #intervalfunds #Barrons #WallStreetJournal #GlobalCustodian The Wall Street Journal Barron's Financial Times Financial Conduct Authority CNBC #privatecredit

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This proposed change essentially demonizes the MSR and particularly the "excess servicing strip," or ESS. This represents the difference between the cost of servicing the loan and the rest of the servicing income, which averages about 32 basis points of UPB annually. It takes less than 5 basis points annually to service a performing loan, but that cost can increase ten-fold or more for delinquent credits. Ginnie Mae has apparently decided that allowing independent mortgage banks to retain most or all of the servicing asset is unsafe and unsound, thus IMBs must subtract the the excess servicing strip from capital to calculate the new minimum. Ginnie Mae officials did not respond to questions for this column. By subtracting the ESS from capital, Ginnie Mae is essentially forcing independent mortgage banks to sell their excess servicing.

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TradePMR Chief Legal Officer Charles Reiling and MarketCounsel Consulting President and CEO Brian Hamburger sat down for a fireside chat at #SYNERGY24 to discuss some of the most pressing topics for today’s wealth professionals. Missed this fireside chat? We have you covered. Read more in TradePMR’s latest blog: SYNERGY24: Lessons in Entrepreneurship, Sourced from Decades of Success https://hubs.li/Q02F1wbb0 #FinancialAdvisor #RIA #WealthManagement

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It's FINRA Friday! Is your business in the financial sector and always looking for high quality employees who are licensed by FINRA? Learn more about our Financial Licensing Program below and reach out to Associate Staffing's Sarah Troy ([email protected]) to get started! #FINRA #FinancialLicensing #AssociateStaffing

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Charles Schwab & Co. has asked a federal court in #Houston to block one of its former advisors from soliciting customers to move assets to another RIA: https://lnkd.in/eWpX9igP #wealthmanagement #schwab #finra #litigation #sec #tro

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Searching and selecting a new target date fund (TDF) suite for your plan participants can be an intense and laboring feat. However, with Multnomah Group’s help, the process is simplified and streamlined. Read our new TDF case study for an example of our steps to ensure the best fit possible. -> https://hubs.ly/Q02NjkxQ0

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