Newcleus LLC

Keeping Zoomers is easier than you think. They aren’t transitory if you know what to do.   Flynt Gallagher, President Newcleus Compensation Advisors, speaks at the NEXT Forum, September 2024   “Gen Z - they're now called Zoomers - are looking for stability, a career path and the opportunity to stay in a place. It’s all about understanding what people value. If you give them opportunity, a clear career path and compensate them reasonably well, they're not going anywhere. Zoomers want security and to feel part of the organization.   It's pretty obvious that boomers want retirement income and health insurance. Think about where the person is in their life.” Nonqualified deferred compensation (NQDC) allows you flexibility and creativity. Let’s see what Newcleus can do for you.

Tony McCracken, Director - Retirement Plans, has been nominated for the third year in a row to be added to NAPA's list of "Aces" and voting has almost ended. Please take a moment to vote for Tony here: https://lnkd.in/eNhTi32j Established in 2014, this list of Top Young Retirement Plan Advisors is drawn from nominations provided by NAPA Broker-Dealer/RIA Firm Partners, vetted by a blue ribbon panel of senior advisor industry experts.

Worried about keeping your best talent? The first rule: find out what someone values.   Flynt Gallagher, President Newcleus Compensation Advisors, spoke at NEXT Forum in September. “Here’s a true story about a commercial lender, a 28-year-old rainmaker who wanted to buy a home but didn’t qualify for a mortgage because he had $70,000 in student debt.   SIMPLE SOLUTION - The bank paid off the debt, executed a promissory note, and for seven years if he was still there, still performing, they forgave $10,000 plus interest and allowed him to qualify for a mortgage. He bought a home. Now he’s never leaving that bank because they did something for him that was uniquely important to him.”   ·        Figure out what they value and enhance that value ·        Structure the compensation to accommodate those personal needs or desires ·        Motivate and retain your top talent and secure succession Nonqualified deferred compensation (NQDC) allows you flexibility and creativity. Let’s see what Newcleus can do for you.

Sugar Ray punched it up a notch at the 2024 NEXT Forum where 150 top bankers from around the country came together to help the industry define new solutions for these changing times. Newcleus’ own Flynt Gallagher spoke to one need that’s becoming more critical every year: more effective talent retention and growth. “The first rule is you find out what someone values before you start deciding how you pay them or what you pay them.” 

Tony McCracken, CFP®, Managing Director - Retirement Plans, has been nominated for the third year in a row to be added to NAPA's list of "Aces." Established in 2014, this list of Top Young Retirement Plan Advisors is drawn from nominations provided by NAPA Broker-Dealer/RIA Firm Partners, vetted by a blue ribbon panel of senior advisor industry experts. Please take a moment to vote for Tony here: https://lnkd.in/eNhTi32j We are proud to call you a colleague, Tony. Congratulations and good luck!

We recently wrapped up NEXT Forum, an unforgettable two days filled with education and entertainment! From insightful sessions to engaging networking opportunities, our attendees left inspired and equipped with valuable knowledge. Check out this great moment between Daniel Barbaree and Olympic Gold Medalist Sugar Ray Leonard. The boxing legend gave an incredible and inspirational speech at our closing event, leaving us all motivated and ready to take on new challenges. #NEXTForum #Newcleus #NewcleusDifference #EventRecap #Inspiration #AtlanticCity #LearningTogether #TeamSuccess

🏦 🏰 Bank Empire: M&A and Capital Pursuits 🏰 🏦 During this NEXT Forum session, three industry experts parsed the current state of M&A and capital considerations for banks and credit unions. In that analysis, Frank Sorrentino IV, CFA made some wide-reaching observations on merger-of-equals activity (MOE). Sorrentino is Managing Director of Investment Banking, Stephens, Inc., Little Rock, Ark. “There’s no such thing as an MOE,” he proposed. “Somebody has to win. Somebody has to be the quarterback, right? [You] can’t have two quarterbacks.” In his analysis of bank M&As overall, he believes “…roughly two-thirds of the deals do not work. Although, the ones that do work, work very, very well.” Moderators: Brian Love, Head of Banking & Fintech, Travillian; Paul Davis, Founder, The Bank Slate Panelists: Frank Sorrentino IV, CFA, Managing Director of Investment Banking, Stephens, Inc.; Jeff Cardone, Partner, Luse Gorman, PC; Jake D., Chief Strategy Officer, Capital Bank, N.A. 💡 For more information and a full recap of the NEXT Forum, hosted by Travillian and Newcleus LLC, please click here ➡️ https://lnkd.in/e5PT3qYe #mergersandacquisitions #communitybanking #2024conferences #investmentbanking

The 2024 NEXT Forum, hosted by Travillian and Newcleus LLC, took place September 8-9 at the Borgata Hotel Casino & Spa in Atlantic City, NJ. The forum brought together top industry leaders for two days of insightful discussions and networking opportunities. 🎲♟️ During the session titled "Go Back Three Spaces: Reflecting on the State of Embedded Finance," the discussion focused on the risks, rewards, and current opportunities for community banks that are adopting an embedded finance strategy. Stanley F. Orszula — partner, Barack Ferrazzano Kirschbaum & Nagelberg LLP, Chicago — emphasized that banks should leverage existing expertise when expanding into embedded finance. He described the embedding of financial services directly into nonfinancial platforms as a “natural extension” of financial institutions’ current services like lending and depository products. He advised against adopting embedded finance just for innovation’s sake, urging banks to pursue it with clear growth objectives. Moderators: Jeff Nowicki, Chief Banking Officer, Treasury Prime; Keith Daly, Principal, Banking & Fintech Search, Travillian Panelists: Robert Keil, Chief Fintech Officer, FinWise Bank; Stanley F. Orszula, Partner, Barack Ferrazzano Kirschbaum & Nagelberg LLP; Emily Reisig, SVP, Emprise Embedded Strategic Relationship Leader, Emprise Bank 💡 For more information and a full recap of the NEXT Forum, please click here ➡️ https://lnkd.in/e5PT3qYe #embeddedfinance #communitybanking #bankingconference #banking

🏦 🏰 Bank Empire: M&A and Capital Pursuits 🏰 🏦 During this NEXT Forum session, three industry experts parsed the current state of M&A and capital considerations for banks and credit unions. In that analysis, Frank Sorrentino IV, CFA made some wide-reaching observations on merger-of-equals activity (MOE). Sorrentino is Managing Director of Investment Banking, Stephens, Inc., Little Rock, Ark. “There’s no such thing as an MOE,” he proposed. “Somebody has to win. Somebody has to be the quarterback, right? [You] can’t have two quarterbacks.” In his analysis of bank M&As overall, he believes “…roughly two-thirds of the deals do not work. Although, the ones that do work, work very, very well.” Moderators: Brian Love, Head of Banking & Fintech, Travillian; Paul Davis, Founder, The Bank Slate Panelists: Frank Sorrentino IV, CFA, Managing Director of Investment Banking, Stephens, Inc.; Jeff Cardone, Partner, Luse Gorman, PC; Jake D., Chief Strategy Officer, Capital Bank, N.A. 💡 For more information and a full recap of the NEXT Forum, hosted by Travillian and Newcleus LLC, please click here ➡️ https://lnkd.in/e5PT3qYe #mergersandacquisitions #communitybanking #2024conferences #investmentbanking

🌟 Talent Management Monopoly 🌟   Moderator: Paul Davis, Founder, The Bank Slate Panelists: Flynt Gallagher, President, Compensation Advisors, Newcleus LLC; Brian Love, Head of Banking and FinTech, Travillian; Keith Daly, Principal, Travillian   NEXT Forum started with a panel discussion on talent management, specifically compensation, retention, and succession.   The panelists identified two HR trends currently impacting the financial services industry: 💼💰🤝 Baby Boomer CEOs are showing reluctance to retire, which is stifling progression-advancement in the financial services industry 🏦👨💻 The needs among fintechs are diverting professionals from banking careers   According to Keith Daly, these influences affect banks’ risk and compliance operations. He observed that the “…Chief Technology Officer role is going to be critical,” especially as innovations like AI continue to advance into the financial services industry.   If you would like more information and a full recap of the NEXT Forum, please click here ➡️ https://lnkd.in/e5PT3qYe #talent #banking #fintech #chieftechnologyofficer #financialservices