Allspring Global Investments, formerly the asset management unit of Wells Fargo spun off in November 2021, has appointed three independent directors — Nora Jordan, Kay Madati, and Charles (Chip) Roame — to complete its 11-member board.
The Charlotte, North Carolina-based asset manager has more than $541 billion in assets under management.
Nora Jordan, now senior counsel at Davis Polk and formerly a partner, served as head of the law firm's investment management group, Allspring said in a press release. Kay Madati is the chief commercial officer at FIFA, the international governing body for soccer. Chip Roame is the founder and managing partner of Tiburon Strategic Advisors and the Tiburon CEO Summits.
"It is my pleasure to welcome Nora, Kay, and Chip to our board. As independent directors, their breadth of experience and skills will bring strong oversight as we chart Allspring's path forward," Joe Sullivan, executive chair and chief executive officer at Allspring, said in the release.
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
NFP data shows an engagement gap is holding back retirement readiness despite high trust.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
