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BNY Mellon Wealth Management Scores Top Marks for Client Satisfaction

BOSTONBNY Mellon Wealth Management has once again achieved high client satisfaction scores, receiving a 96 percent satisfaction rating on its 2017 client feedback survey. The satisfaction of the firm’s clientele is testament to its commitment to meeting unique client needs and individual wealth management goals.

“Our client satisfaction survey is among the most important report cards we get on our business. This rating confirms that the expertise and dedication of our people, combined with the breadth of our investment, banking and planning capabilities, is truly differentiating. It is what allows us to develop and grow relationships that last not just years – but generations,” said Don Heberle, CEO of BNY Mellon Wealth Management. “We are incredibly proud of these results, and will use the feedback to prioritize our objectives and improve even further in our efforts to deliver on the expectations of our clients.”

With nearly 1,500 survey respondents, BNY Mellon Wealth Management’s client survey identifies opportunities to further meet its clients’ needs and preferences.

Now in its 15 year, the survey measures overall satisfaction by examining eight key factors. Attributes including investment capabilities, wealth manager service, strategic partnership and communication are the strongest drivers of satisfaction this year.

About BNY Mellon Wealth Management
BNY Mellon Wealth Management is a leading wealth manager. In 2016 it was named by Family Wealth Report as the top U.S. Private Bank and rated the Top Private Bank for Family Offices by Professional Wealth Management magazine. Barron’s ranked it the 10th largest U.S. wealth manager in 2017. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $231 billion in total client assets, as of September 30, 2017, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2017, BNY Mellon had $32.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Media Contact
Lucy Muscarella, Elevate Communications
617-312-6411, lmuscarella@elevatecom.com

BNY Mellon Wealth Management Names Adam Mazzaro as Wealth Director in San Francisco

SAN FRANCISCO BNY Mellon Wealth Management has named Adam Mazzaro Wealth Director in San Francisco. Mazzaro will report to Regional President, Thomas Fickinger, and will focus on the firm’s business development, concentrating on individuals, intergenerational wealth transfer, business owners and business transition strategies.

“With a 12 year history in the financial services industry, Adam is extremely experienced in working with wealthy individuals and their families. His impressive breadth of knowledge positions him well to advise our high net-worth clients and I’m confident that he will continue to grow and elevate our business,” said Regional President, Thomas Fickinger.

Prior to joining BNY Mellon Wealth Management, Mazzaro was a senior vice president within Personal Capital’s Private Client Group. For nearly 5 years he was instrumental in developing and growing their business. Prior to his experience at Personal Capital, Mazzaro spent over 4 years at Bernstein Global Wealth Management in San Francisco.

He holds a Bachelor of Arts from the University of California, Santa Barbara.

About BNY Mellon Wealth Management
BNY Mellon Wealth Management is a leading wealth manager. In 2016 it was named by Family Wealth Report as the top U.S. Private Bank and rated the Top Private Bank for Family Offices by Professional Wealth Management magazine. Barron’s ranked it the 10th largest U.S. wealth manager in 2017. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $231 billion in total client assets, as of September 30, 2017, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2017, BNY Mellon had $32.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Media Contact
Lucy Muscarella, Elevate Communications
617-312-6411, lmuscarella@elevatecom.com

 

Sun Life Financial reports on costliest catastrophic claims conditions

Third annual study analyzes highest–cost claims and emerging trends in stop–loss

Wellesley, MA – The U.S. business group of Sun Life Financial has released its third annual Catastrophic Claims Report, which compiles the top ten costliest medical conditions covered by stop–loss from 2011 to 2014 and explores emerging trends. The data can help both brokers and employers better understand the risk associated with large claims and the potential impact to a self–funded medical plan.

Cancer remains the costliest disease, accounting for more than one quarter (25.7%) of the $2.1 billion Sun Life paid out to stop–loss claimants during the report’s four–year period. The top three conditions, which include cancer (malignant neoplasm and leukemia/lymphoma/multiple myeloma) and end–stage renal disease, made up 33.5% of total reimbursement costs.

One of the contributors to catastrophic claims costs is intravenous medications, which accounted for over $71.4 million, or 13%, of the total paid stop–loss claims during 2014. The top twenty intravenous medications are quite expensive and represent 65% of the total cost of intravenous medications administered for catastrophic claims conditions. Approximately half of the top twenty intravenous medications identified in the report are used to treat cancer, and represent nearly $25 million in treatment costs in 2014 alone.

The report also shows that individuals with claims in excess of $1 million remain a major driver of stop-loss payments, accounting for $348 million of the total paid stop–loss claims. Cancer, congenital anomalies (conditions present at birth), and premature births account for 28% of all claims breaching the $1 million mark. The findings confirm the need for self–funded employers to protect against common health events that could turn into catastrophic claims.

As the number–one independent carrier of medical stop–loss in the U.S. with $1.03 billion in annual premium,* Sun Life is uniquely qualified to conclusively report on stop–loss activity, such as top claims, conditions, and emerging trends.

“Through our research, we are able to provide insight to the market on the conditions that drive high–cost claims and how self–funded employers can manage that risk effectively,” said Sun Life’s Brad Nieland, Vice President, Stop–Loss. “We help employers implement stop–loss and other cost–containment measures to support their self–funding strategy.”

Download the full report here (or visit http://bit.ly/slfcatastrophicclaimsreport2015).

*The number–one ranking is based on the 2014 year–end Sun Life Stop–Loss premium of $1.03 billion and on a Sun Life analysis of publicly available financial information and third–party market share data.

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About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. The Sun Life Financial group of companies operates under the “Sun Life Financial” name strictly as a marketing name and no legal significance is expressed or implied. Sun Life Financial and its partners have operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including Group and Voluntary Accident, Critical Illness, Dental, Disability, Life, and Stop–Loss insurance products. Product offerings may not be available in all states and may vary depending on state laws and regulations. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information please visit www.sunlife.com/us.

Media Contacts
Amanda Gallo, Sun Life Financial:781–446–1264, amanda.gallo@sunlife.com
Devon Portney Fernald, Sun Life Financial: 781–800–3609, devon.portney.fernald@sunlife.com
Stacy Grisinger, Elevate Communications: 617–861–3654, sgrisinger@elevatecom.com

SLPC 26574 06/15 (exp. 06/20)

Beach Volleyball Olympian Kerri Walsh Jennings to Participate in Meet & Greet in Support of the American Diabetes Association’s Annual “Step Out: Walk to Stop Diabetes”

Olympian to make a special appearance at the VIP Champions Tent, sponsored by Sun Life Financial,
in support of the American Diabetes Association- Los Angeles

What:
Beach Volleyball Olympian Kerri Walsh Jennings will step off the court to make a special appearance at the Champions Tent, sponsored by Sun Life Financial, to support the American Diabetes Association’s America Gets Cooking to Stop Diabetes campaign, designed to inspire and empower people to lead healthier lifestyles by providing nutrition facts, recipe ideas and tips for cooking nutritious and delicious food.

Jennings will mingle with over 200 guests at the special VIP Champions Tent where she will also pose for photos, sign autographs and provide her perspective on living a healthy and active lifestyle.

America Gets Cooking to Stop Diabetes, presented by Sun Life Financial, is an initiative designed to engage people to live a more active and healthier lifestyle, and will empower people to cook nutritious and delicious food, and encourage them to be more active. Each week, the Association will share healthy cooking tips, diabetes and nutrition facts, recipe ideas and more.

Last month, Sun Life Financial announced their comprehensive alliance with the American Diabetes Association as an extension to Sun Life’s ongoing commitment to programs that inform Americans of the risk factors and health consequences associated with the disease.

To attend this free event, please register at www.stepoutla.com.

Who:

  • Kerri Walsh Jennings, Beach Volleyball Olympian
  • Bradley Fleiss, Sun Life Financial Regional Group Manager
  • Executives from American Diabetes Association’s Los Angeles chapter
  • Over 200 guests of the Champions Tent

When:
Saturday, November 15, 2014
9:30 a.m.

Where:
Griffith Park
4730 Crystal Springs Dr.
Los Angeles, CA