Products June 1, 2010

linkedFA Links Up with LiveOffice for Social Media Compliance Solution

linkedFA, a social networking service for financial professionals, has partnered with LiveOffice to enable preapproval and archiving of social media posts and RSS feeds.
Reported by

The partnership integrates financial adviser’s social media activity through linkedFA into LiveOffice AdvisorMail, a cloud-based archiving and compliance system for the financial services industry. Compliance departments will be able to pre-review social media content in this integrated system.

Furthermore, the system captures all communication through the existing workflow of AdvisorMail, as required by the Financial Industry Regulatory Authority (FINRA).  

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“In particular, independent broker/dealers and registered investment advisers are struggling with the unique challenges of harnessing social media as a business tool, while at the same time meeting FINRA’s new guidelines,” said LiveOffice’s COO Matt Smith, in a news release. “This strategic alliance provides the first truly holistic approach to social media compliance by balancing financial professionals’ communications needs with regulatory guidelines, while adhering to existing compliance workflows and processes.”

linkedFA, which launched earlier this year, said it is the first social networking site compliant with the Financial Industry Regulatory Authority (FINRA) (see “Social Networking Site for Advisers Says It’s FINRA-Compliant” and “Advisers Meet Compliance’s Hurdles to Using Social Media”). The site also recently announced a partnership with NASDAQ to add resources on its site (see “linkedFA Teams Up with NASDAQ to Add Adviser Resources”).

Deals & People June 1, 2010

Savage Tapped for New Business Development Role

Matthew A. Savage, has been appointed Senior Business Development Manager of Strategic Insight, focused on the qualified plan marketplace.
Reported by

According to a press release, Savage will focus particularly on the newly enhanced iteration of Pathfinder, a defined contribution plan benchmarking and search solution, pioneered by PLANSPONSOR, an Asset International company.  The Pathfinder database enables plan sponsors and their advisers to make informed decisions on investment management, service providers and total plan expenses.

 “I am excited to join the Pathfinder team. The intensifying scrutiny of DC plans and the challenging market have increased the importance of plan advisers as well as the complexity of their DC plan selection process. Today, qualified plan sponsors and their advisers need to be even more discerning as to the vendors they use and the prices they pay,” said Savage.

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Savage possesses more than 15 years of qualified plan experience, and a decade of business development focus, working both with advisers and plan sponsors. Prior to joining Asset International, he was a sales specialist at Thomson Reuters.  Before that he was a Sales Consultant at Diversified Investment Advisors, and prior to that he was a Retirement Marketing Consultant at John Hancock Funds.  In his new role, Savage reports to Rita Leytush, Strategic Insight’s Senior Managing Director.

 “Matt brings extensive expertise to help DC advisers. Matt joins Strategic Insight at a time of significant challenges to the DC plan marketplace,” Leytush said. “His knowledge of and experience in the retirement industry should prove valuable, leveraging Strategic Insight’s more than two decades of helping the mutual fund industry through unique synergy of specialized databases, in-depth studies, on-demand research and consulting services,” she added.

An Asset International affiliate, Strategic Insight is a provider of research, data and analytics to asset managers worldwide.

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