Jerry Lombardo

Value creation is the name of the game. On the Financial Innovations Podcast hosted by Daniel Villani, James Williams, Co-Founder of Next Level Financial, reveals how a CFO should be a value creator, not just a number cruncher. James is redefining the role, emphasizing the importance of capital allocation and value creation. Don't miss this episode for real business growth here https://lnkd.in/e_icHE5y #CFOInsights #CFORedefined #ValueCreation #StrategicFinance #BusinessGrowth #StrategicFinance

2

📢 Going Live TODAY 📢 💻 "VC Best Practices for Transitioning Fund Administrators" 🗓 Wednesday, May 22nd ⏰ 10am PST / 1pm EST Join our Directors of Finance 👉 Lauren McDavid and Matt DiNardo, CPA for a #fractionalfinance discussion on how #VC firms can successfully navigate a fund admin change. Tune in at the link below👇 https://lnkd.in/giMEqZ5D

13

Simplify to Amplify: The 3-Bucket Approach to Financial Planning with Jason Olenski LIVE WEBINAR: MAY 21ST AT 2 PM EST Navigating the complexities of financial planning can often feel overwhelming, especially in the growth phase of your portfolio. This webinar aims to transform this complex landscape of financial strategy into a simplified, powerful tool for managing your assets. Jason Olenski, a seasoned Wealth Management Advisor with 22 years of experience overseeing over $100 million in assets, will guide you through the essentials of organizing and understanding your portfolio using the 3-Bucket approach. This session is designed to empower you to pinpoint the role of each investment, while also uncovering potential opportunities, risks, and gaps in your financial strategy.

2

KBRA released the May 2024 issue of CMBS Trend Watch. Heading into CRE Finance Council’s (CREFC) midyear conference, an overarching theme may be the resurgence of #CMBS private label issuance. In May, 14 deals comprising $9.3 billion of issuance priced, representing a year-over-year (YoY) increase of 158.9%. We do not expect the summer doldrums to slow issuance as we move further into June. Read the full report here: https://lnkd.in/evBv5vWf | #commercialbacked #commercialrealestate #financialmarket #insightfulresrach

1

Looking for an alternative to issuing an RFP? Here's a simplified approach to selecting your investment advisor. Issuing an RFP for investment services can be time-consuming and complex. This guide lays out a more efficient alternative that involves interviewing a select group of advisor firms to make your decision. #nonprofit #investmentmanagement #nonprofitinvesting #rfp #requestforproposal https://hubs.la/Q02wyFDs0

1

Looking for an alternative to issuing an RFP? Here's a simplified approach to selecting your investment advisor. Issuing an RFP for investment services can be time-consuming and complex. This guide lays out a more efficient alternative that involves interviewing a select group of advisor firms to make your decision. #nonprofit #investmentmanagement #nonprofitinvesting #rfp #requestforproposal https://hubs.la/Q02Bzdp-0

3

We are grateful to Sara Yerkey and Paul Ellenbogen from Management Practice LLC for contributing this thoughtful analysis of the SEC's new shareholder reports rule and its potential effect on the 15(c) process. This article expertly unpacks the complexities of benchmarking fund performance against a "broad-based" index, revealing how this significant shift might impact the annual contract renewal process. #fundgovernence #SaraYerkey #PaulEllenbogen #ManagementPracticeLLC

11

Did you know? In addition to our fund management and advisory services, Broadstreet is a full-service fund administrator committed to empowering impact-driven funds in achieving their missions. We provide #fundadministration services for more than 150 entities, focusing on balancing high-touch client service with tech-enabled fund operations. Whether you are raising your first fund or are an established fund manager, your back-office infrastructure is critical to your long-term success. Choosing the right fund administrator is key to securing this foundation, allowing you to channel your focus where it matters most: your business objectives. Curious about the perks of teaming up with a third-party fund administrator? Read our latest blog post where we discuss the advantages for impact fund managers. Discover more here: https://lnkd.in/gWHj3JT9 Reach out to Chris Rakers to learn more about Broadstreet’s fund administration capabilities. #PavingWiderPaths #fundadministration #fundadministrator #impactinvesting #fundservices #GGRF #missiondriveninvesting #impactfund

16

As the compliance date for Tailored Shareholder Reporting nears, fund managers need to implement solutions to prepare and distribute streamlined annual and semi-annual reports, enhancing shareholder communication and engagement as required by the SEC.  Fund administrators can help asset managers implement a detailed TSR process. Read our blog "Tailored Shareholder Reporting: A Fund Manager’s Prep Guide" for more details. https://trst.in/VK79tE

51

A sample of discussions held with clients last month: - A client working in the human capital space is exploring the feasibility of retiring in 20 years at age 55. We discussed the first draft of a financial plan with that scenario, and they are within striking distance. This will be our focus in the coming months. - Reengaged with a client household as they wrapped up the academic year and their infant enters toddlerhood with an overall portfolio review, discussing their cash holdings, and updating their household financial plan. - A client experienced an involuntary layoff in the tech/data industry, so we reviewed their resume and LinkedIn profile, and kicked off the process to rollover their previous retirement plan holdings to their Traditional IRA. - Discussed the ramifications of paying down law school loans with a focus first on higher interest portions of their debt, while balancing saving for retirement. - A client household with an educator and attorney engaged on balancing a return to Boston and reducing their higher interest debt. - A client in the pharma / life sciences space kicked off their estate planning journey and we'll be doing a summer update of their overall retirement outlook. - A client in the UX research space is re-entering the workforce after international travel / volunteer work. We reviewed their resume and LinkedIn profile. Now we're in the midst of an overall portfolio review and next steps for their vested RSUs. I appreciate the opportunity to be of service to my clients. As you can see, it's fair to say that financial advice and planning involves more than overseeing an investment portfolio.

2

As interval fund launches continue to surge, fund servicers are facing the question of where to put them, operationally. Servicers typically divide operations into traditional and alternative fund operations, and the investor recordkeeping technology is separate for each. But what if there was a system that could accommodate both? Here’s how service providers could handle interval funds in either operational context: https://bit.ly/45NKdLj #IntervalFunds #InvestorRecordkeeping

8

In a featured article, Tanner Beverly, CAIA, CIPM, Director at ACA Group, explores the evolving landscape of performance reporting requirements under the SEC's Private Fund Adviser Rules and Marketing Rule. This article touches on the role of project managers in overseeing client engagements related to performance management, methodology certifications, and Global Investment Performance Standards (GIPS) verifications. Readers with a subscription can gain valuable guidance on compliance practices and methodologies in this must-read article featured in Private Equity Law Report here: https://hubs.ly/Q02t-1lX0 #regulatorycompliance #performancereporting

31

LAST CALL: Don't Miss Tomorrow's FMS Webinar with ALM First 🚨 🚨 🚨 Join field experts Thomas Griswold, CFA & Gavin Montgomery for a 1-hour deep-dive into advanced funding strategies to help manage a higher cost of funds. Don't miss this opportunity to explore how to reduce marginal cost of funds, modernize your approach to liquidity management and protect/enhance profitability through hedging: https://bit.ly/4ai1Eox #FMS #FMSWebinars #education #CPE #FundingStrategies #RisingFundingCosts #CostofFunds #Hedging #Profitability

5

Join Todd Cuppia and Eri Panoti, CPA, CGMA on Thursday for our next market update webinar. Hear more on: ▪ Recent developments in the capital markets ▪ Hedging strategies financial institutions have been implementing ▪ Updates on the latest developments in hedge accounting #interestrates #hedging #webinar #hedgeaccounting #financialinstitutions #marketupdate #riskmanagement

26

1 Comment

Macro & Volatility Podcast #6 The information, opinions and views expressed on this podcast are for informational purposes only and are not intended as investment advice. The opinions expressed may not align with Passaic Partners' views or its client strategies. Market forecasts are speculative and should not be the sole basis for investment decisions. Consult your financial and tax advisors before making any investments.

7

The drive for efficiency and precision in #assetmanagement is often hindered by the weight of outdated systems. It's time for a change. 🌊 Our latest blog post delves into how emerging and established asset managers alike are impeded by legacy processes and how fundcraft's digital platform is the key to unlocking efficiency and growth. Dive into the digital revolution with us and redefine your operational expectations. Read the full story in our Insights section linked below! #fundcraft #fundtech #alternativeinvestments

29