Recently, Mid Atlantic held its 2016 National Partner Conference at the elegant, award-winning Château Élan Winery & Resort in Braselton, Georgia. In addition, Mid Atlantic went “pedal to the metal” by undertaking a race car theme to help make this year’s conference a truly high octane event for all attendees!
Among this year’s featured presenters was Bruce Johnstone, Managing Director of Fidelity Investments. Bruce literally illustrated his take on current economic and market conditions by intertwining it with his famous cartoon drawings which proved to be quite a crowd pleaser! Meanwhile, Dr. Daniel Crosby, Executive Director of The Center of Outcomes, coached the audience on some of the finer points of behavioral finance, including how financial professionals can effectively communicate and fine tune their message so that it is easily recalled and stands out from competitors.
Many thanks to Bruce, Daniel, and all of our valued speakers, sponsors, and business partners for helping produce another successful Mid Atlantic annual conference. We hope to see everyone again next year!
We invite you to read an excellent article written by John Humphrey, COO of July Business Services, a valued business partner of Mid Atlantic, discussing the new SEC-approved Money Market Fund rules taking effect on October 14, 2016.
In the article, Humphrey urges advisors and plan sponsors to not delay with choosing a new money market fund or cash investment solution prior to the effective date.
(Click here to read Money Market Rules for 401(k) and Other Qualified Plans.)
As an alternative solution, MATC now provides an FDIC insured service called DepositxChange™, which seamlessly connects 401(k) participants and banks to provide a cash deposit solution within the participants’ 401(k) accounts. This can be used as part of a qualified defined contribution plan space model or as a standalone investment.
Please click the hyperlink below for additional details:
If you have any questions, you may contact your Mid Atlantic relationship manager by calling (800) 693-7800.
We are pleased to welcome Gaudreau Wealth New England to the Mid Atlantic family. The firm is a multi-line insurance and financial services agency established in 1921 and based out of Wilbraham, MA. It is now structured as a result of a merger between the Gaudreau Group’s financial division and Wealth New England Insurance & Financial Planning Group.
Gaudreau Wealth New England is currently one of the largest independent insurance offices in the New England region and headed by Jules Gaudreau, President of the National Association of Insurance and Financial Advisors (NAIFA). Jules also acts as a Director for the wealth management firm. Meanwhile, Danny Kates (MACC/MAFM) heads the registered investment advisor team and is joined by colleagues Mark Zacek (MACC) and Alan Stearley (MACC).
Geaudreau Wealth New England primarily focuses on qualified plans and high net worth clients. The firm is looking to increase its wealth management customers through Mid Atlantic Trust Company’s platform in addition to its own customized programs designed to grow, protect, and conserve client wealth.
Mid Atlantic Trust Company is very excited to be featured in the latest issue of 401(k) Specialist Magazine, the only publication exclusively dedicated to retirement plan advisors. In it, John Humphrey, COO of July Business Services, has penned an article discussing the latest technology currently available for efficiently offering separately managed accounts in 401(k) plans, including Mid Atlantic’s ModelxChange® platform.
Mid Atlantic is proud to share an outstanding partnership with July Business Services as well as 3D Asset Management, a portfolio manager also highlighted in John’s informative article.
Please click here to read the article in its entirety.
Also, if you are not yet a subscriber to 401(k) Specialist Magazine, we invite you to become one by clicking here.
Derek Fiorenza is a Mid Atlantic business partner and retirement plan advisor with plans on the MATC platform. Last month, Mid Atlantic was proud to collaborate with Derek’s non-profit organization Fiorenza’s Food For Friends (F4) and the Community Human Services (CHS) food pantry in Pittsburgh to work toward stemming hunger in our nearby communities. In an effort to help offset the large decrease in donations that local pantries typically experience after the holiday season, the Pittsburgh office hosted its first ever Annual Food Drive.
To foster a friendly, competitive spirit and produce the most bountiful collection of food possible, the Pittsburgh office staff was organized into three separate teams and encouraged to donate non-perishable food items, such as canned goods, peanut butter, individual snacks, juice boxes, and more.
The food drive contest took place during the course of a five-day work week and employees enthusiastically came together to demonstrate the philanthropy, generosity, team work, and competitive fun of one office as a whole. Altogether, over 1,300 food items were collected and then delivered the following week to assist hungry local residents in need.
We are sincerely thankful for everyone involved in making the Mid Atlantic 1st Annual Food Drive an outstanding success! We would also like to thank Derek Fiorenza for not only being a dedicated Mid Atlantic partner with the plan business he provides us, but also for his tireless efforts in the fight against hunger throughout the nation.
If you are interested in organizing a food drive for your firm or community, please contact F4 at (267) 433-1050 or visit their website at www.f4service.org.
Beginning October 2016, SEC-mandated reforms will go into effect, imposing floating NAV rules, fees, and gates on certain types of money market funds.
We encourage advisors and money managers to begin preparing for these changes given the time involved with the transition period and shareholder approval. Evaluating current investments, regulatory impact, and potential alternative investments will also require a prudent process.
In response, Mid Atlantic Trust Company is pleased to present to you an alternative FDIC insured demand deposit* product called DepositxChangeTM. This can be used as a standalone investment or part of a model in the qualified plan space. Please review the following linked fact sheets for further details regarding this cash alternative:
If you have any questions, you may contact your Mid Atlantic relationship manager by calling (800) 693-7800.
Mid Atlantic Capital Group is pleased to announce that Michael Fillmore has officially joined the Mid Atlantic family to serve as our new Director of Institutional Retirement Sales.
Mike has over 20 years of experience in the financial industry and brings to Mid Atlantic a wealth of retirement expertise, including his most recent role as Director of 401(k) Sales for National Penn Bank. There, he was responsible for managing all aspects of the company’s 401(k) distribution, including product development, key accounts, marketing, operations, sales and relationship management, and strategy.
In addition to having earned the Accredited Investment Fiduciary (AIF) designation, Mike is currently Series 6, 63, 7, and 24 licensed. He is also a graduate of Saint Joseph University in Philadelphia, PA, his hometown.
Mike will look to expand upon Mid Atlantic’s 30+ years as an industry leader in supporting investment professionals and financial organizations with tools to help attract, grow, and retain assets.
We are pleased to announce that Vertical Management Systems, Inc. (VMS), one of the nation’s leading providers of data, financial networking, and account aggregation technology, has added Mid Atlantic Capital Group to its client roster. Mid Atlantic will be utilizing VMS’ full suite of data services as a joint offering to assist our valued business partners with achieving their critical business goals.
VMS’ data solution Specialized Information Services currently services a number of Fortune 500 financial service firms. These companies depend on VMS for accurate and timely information across a spectrum of mutual fund and ETF data.
“We are very pleased about our new partnership with VMS,” said Tim Friday, Mid Atlantic Institutional Group CEO. “The implementation of VMS’ data solution will help us serve our clients more strategically through improved timing and cleanliness of mutual fund data for both current and future product offerings. Their automation and relationships with the funds families dramatically help improve the process.”
“Mid Atlantic is recognized for their entrepreneurial culture and a fantastic client focused reputation. We are looking forward to a very successful partnership in the current product footprint and future product endeavors” noted Robert Ward, Chief Revenue Officer of VMS.
Mid Atlantic is proud to spotlight and honor business partner Derek Fiorenza, Vice President and COO/CCO of Summit Group Retirement Planners in King of Prussia, PA.
Derek manages business development, client retention, and internal operations at Summit Group Retirement Planners, Inc., an investment advisory firm he co-founded with his father, Anthony. Together, they assist employers with servicing qualified and non-qualified retirement plans, along with supporting the financial planning and insurance needs of individuals through a prudent and disciplined approach.
Yet Derek’s commitment to improving the lives of others isn’t confined to providing financial guidance during office hours. In his spare time, he also serves as the President and CEO of the non-profit organization, Fiorenza’s Food For Friends (F4). F4 collects non-perishable food items for distribution to local food banks at no cost. In addition, F4 rescues perishable meals from restaurants and delivers them free of charge to homeless shelters. You can read more about the charitable work of F4 by visiting: www.f4service.org, and its Facebook page at: www.facebook.com/f4service.
Derek also serves on the advisory board for the Brandywine YMCA and The Emerging Leaders Committee for The Chester County Chamber of Commerce. And if all this isn’t enough to keep him busy, Derek referees and coaches soccer on the side. He also enjoys exercising, reading, and playing the guitar.
“It is my goal to live a purposeful life serving my clients, putting the needs of others before my own, and helping to build up the communities in our country through my philanthropic ventures,” Derek says.
Derek has been working in the securities industry since 2011. He has earned the Accredited Investment Fiduciary® (AIF®) Designation and graduated with a Bachelor of Arts degree in Communication at Villanova University in 2008. He then went on to earn his Master’s of Science in Business Administration from California University of Pennsylvania two years later. While studying for his Master’s, Derek played punter for his school’s football team and was named to the All-Region and All-Conference teams for three consecutive years.
Mid Atlantic would like to invite you to click here (or copy and paste the following URL address into your browser: http://pubs.royle.com/publication/?i=272855) to read the latest issue of 401(k) Specialist magazine on your desktop, tablet, or smartphone at no charge!
When it comes to ensuring a secure retirement for hardworking Americans in a dynamic marketplace, 401(k) Specialist is the only publication devoted exclusively to equipping retirement plan advisors with the vision, specialized knowledge, and cutting-edge technology vital to their success. Simply click here to sign up for your FREE subscription today (or copy and paste the following URL address into your browser: https://online.icnfull.com/for/?list_source=K5BE1MAG).
For more information about Mid Atlantic Trust Company’s wide range of trust and custody solutions for retirement plans and other accounts, please contact John Wight at 800-693-7800.