Month: June 2020

Miracle Mile Advisors speaks with Forbes on “Regulation Best Interest” and it’s impact on investors

“Regulation Best Interest” (or “Reg BI”) is a new rule from the SEC that requires anyone offering professional investment advice to disclose the fact you will pay them a fee if they manage your IRA for you.

“The SEC’s new Reg BI has an impact on all investors and emphasizes the importance of having a true fiduciary (advisers who are required to put their clients’ interests ahead of their own),” says Anderson Lafontant, Senior Advisor at Miracle Mile Advisors in Los Angeles.

Read the full article: How SEC’s New ‘Reg BI’ Rule Impacts Your Retirement Investments (Forbes)

Houston Father thanks the Impella for saving him after his heart attack

Soma Ambadapudi was running in the Chevron Houston Half Marathon when he started to feel as though something wasn’t right. It wasn’t until he stopped to take a break when he suddenly collapsed and would soon find out that he was suffering a heart attack.

Doctors placed an Impella in his heart. One of the world’s smallest heart pumps, it supports the heart while stents are placed. After several days, Ambadapudi’s condition began to improve and the Impella was removed.

Read the full article: Father’s Day has a new meaning for man who suffered heart attack during half marathon (KHOU11)

NewDay USA gives Bankrate insight on refinancing your mortgage

Mortgage interest rates remain near record lows, so now may be an opportune time to refinance and save big on interest. The refinancing process hasn’t changed much, but there have been a few tweaks made since the coronavirus hit, say the experts.

Michael Oursler, chief operating officer with NewDay USA, a Fulton, Maryland-based lender serving veterans, explains that the traditional steps required to refinance your mortgage still apply.

Read the full article: How long does it take to refinance a mortgage? (Bankrate)

Miracle Mile Advisors on The Upside of a Downside Market

Miracle Mile Advisors know that during these trying times, watching your portfolio dive isn’t a great feeling. Kevin Barlow, managing director at Miracle Mile Advisors, gives his insights to Kiplinger on how such a situation can come with some positive financial possibilities.

“The year so far has presented a challenging time for investors. However, periods of market dislocation also can provide opportunities on the financial planning side to create a better long-term position,” says Barlow.

Read the full article: The Upside of a Downside Market (Kiplinger)

A corporate communications approach to Black Lives Matter

The death of George Floyd and the massive uprising of protests have left many businesses speechless and uncertain about how to proceed.

Profound social issues, specifically Black Lives Matter and equitable practices toward people of color, are now important to every company’s stated code of ethics and bottom line. Firms that remain silent, formerly considered the safe course, now risk the backlash of their inaction.

This week, an Edelman poll of 2,000 found that 60% want to know where businesses stand on Black Lives Matter and 63% expect brands to back their statements with concrete action to avoid being seen as exploitative or opportunistic. They are highly suspicious of companies that fail to comment. Brands that do speak up are much more likely to gain trust than to lose it.

As business leaders, we are now expected to step in and lead by example. But these are perilous times for companies, and the corporate playbook of crisis management is being rewritten every day. The new expectations take guts, social awareness, and the recognition that communication that compromises is likely to backfire. Phrases to avoid:

  • “All Lives Matter” – No, the issue today is African American lives and the history of abuse at the hands of power. Ducking the issue is transparent to all.
  • “Blue Lives Matter” – That phrase has been adopted by extremists and is a euphemism for the justification of brutality. Police chiefs marching with protesters disavow the expression.
  • “We’re going to review our policies across the board.” – In the public mind, no promise guarantees less.

What’s expected of businesses is citizenship and awareness. The new rules reward taking a stand. The reward is customer trust and starts with forthright statements such as:

  • The killing of black people by police has to stop, period.
  • We stand with you.
  • We will support you.
  • We will fight for you.
  • We will not let this continue.
  • We will lift you up when someone knocks you down.
  • We will serve on juries against racism.
  • We will use our skills and money to help.
  • We will vote with you and for you.
  • We will support Black Lives Matter.
  • We will protest publicly and to authorities in our communities when we hear of abuses.
  • We will bear witness and take actions.

When Matthew McConaughey asked how he could do better as a white man, former NFL player Emmanuel Acho said that the first step was to acknowledge and dispel implicit bias.

We should stop trying to make people feel comfortable when we feel uncomfortable. Savvy businesses already know never to minimize the experience of victims, never to allow alternative truths or caveats and never to offer disingenuous connection by “personally understanding.” Instead, businesses need to lead in ethical policies. We will continue to learn, speak out, and not see our customers as numbers, profiles or targets.

To survive under the new normal of crisis, businesspeople must now show what kind of people they are and strive to be.

These are complicated and treacherous waters to navigate. We’re here to help you pause, reflect, find your authentic voice and get it right.

NewDay USA hired head of HR and plans to hire 500+ people

NewDay USA, a leading VA mortgage lender, hired Pooja Bansal as senior vice president of human resources and communications amid big goals to expand its team from 500 to more than 1,000 people over the next year. Since the start of 2020, the company has already hired over 100 new employees.

“I’m going to take that as a drive for me to build that program where we can train the best people and let them succeed in the NewDay environment,” said Bansal, who received her MBA at The Wharton School of the University of Pennsylvania, of the ambitious plans.

Read the full article: Power Moves: Meet the HR lead powering NewDay USA’s plans to hire 500+ people (Technical.ly)

Saban Community Clinic Appoints Muriel Nouwezem to CEO

Saban Community Clinic (SCC) today announced the appointment of Muriel Nouwezem as the new CEO of the non-profit health center effective July 1. Nouwezem stepped in as the interim CEO two years ago and helped the organization grow tremendously.

“The Board of Directors has witnessed Muriel flourish in her current role and is impressed with her exemplary leadership, especially during the COVID-19 health crisis,” said Board of Director Co-Chairs, Robert Broder and Russell Alexander-Orozco.

Read the full article: Saban Community Clinic Appoints Muriel Nouwezem to CEO (BusinessWire)

Miracle Mile Advisors spoke with Investor’s Business Daily on which ETFs are the best to own

Frank Lee, managing director and head of the investment committee at Miracle Mile Advisors, spoke with Investor’s Business Daily on which ETfs are the best for strong performance. Part of Lee’s responsibility at Miracle Mile Advisors is to manage assets for institutions as well as high net worth clients for the firm.

“We’ve seen extreme volatility and big moves that are unprecedented,” said Lee. “There’s a disconnect in terms of the economic and fundamental data vs. what’s happening with the stock market.”

Read the full article: Which ETFs Will Do Best In The Next Three Months? (Investor’s Business Daily)

CURE Pharmaceutical partners with Factoria Bogar’s subsidiary PMI

The new partnership between CURE Pharmaceutical and the new over-border collaboration with the Guadalajara, Mexico-based specialized ingredient company will allow CURE to distribute its wellness products in Mexico, including vitamin D supplements, sleep, and CBD combination products.

“This collaboration enables us to reach new markets with our suite of wellness products as well as prompt innovation with new drug formulations and conduct valuable patient studies on drug efficacy,” said CURE CEO Rob Davidson.

Read the full article: CURE Pharmaceutical Teams Up With Factoria Bogar For Mexico Expansion (Benzinga)

Bluestone Sunshields is the future of fashion as we enter a new anti-viral society

In the age of the COVID-19 global pandemic, many of us are finding ways to safely open businesses and retreat back to the society we once knew. Officials are urging the public to wear protective gear when they leave their homes, which leads to the future of “anti-viral-leisure.”

Bluestone Sunshields, maker of the UV-tinted privacy “paparazzi shields” that have been worn by Kim Kardashian West and V. Stiviano, among others, launched their line of clear face shields for the public. L.A. retail veteran Ron Robinson commented “They’re sleek and modern and sexy — they resemble a cool motorcycle helmet visor that flips down.”

Read the full article: Anti-Viral-Leisure Could Be $20B Opportunity for Ailing Fashion Industry (Women’s Wear Daily)