Deals & People April 29, 2009

SunTrust Brings on New Head of Wealth Management

Seno Bril joined the SunTrust Banks, Inc., as managing director and head of International Wealth Management.
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In this role, Bril is responsible for overseeing the strategic direction and operations of the group dedicated to serving the specific financial needs of non-resident international high-net-worth private investors, according to a news release. He is also a registered representative.

Based in Miami, Florida, Bril comes to SunTrust after more than 30 years with BNP Paribas, where he most recently served as head of private and institutional wealth management in Amsterdam, as well as the general manager of the BNP Paribas Miami Agency and chairman and chief executive officer of BNP Paribas Investment Services.

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Products April 29, 2009

The Principal Releases Adviser Tool for Business-Owner Clients

The Principal Financial Group now offers a service to help financial advisers work with their business owner clients to ensure buy-sell agreements are more effective.
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The Buy-Sell Review provides an in-depth look at the business continuation document, the Principal said in a news release. By gathering a few key pieces of information, financial advisers are able to give business owners a more accurate picture of their current business valuation, provisions of their agreement, and funding needs, the company said.

According to Principal, the tool, designed for financial advisers to share with business owners, provides a report including:

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  • Buy-Sell Review Summary—highlights issues and recommendations regarding the existing agreement;
  • Buy-Sell Review Detailed Report—an in-depth analysis including any buy-sell funding needs;
  • Business Valuation Proposal—a free informal business valuation using five commonly used methods.

Once the Review is complete, it serves as a starting point for the owner to meet with tax and legal advisers to either address potential issues or confirm the agreement meets the owner’s current objectives, the Principal said.

 

 

 

For more information, contact your Principal Financial Group financial representative or visit www.principal.com.

 

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