Tag: trusted contact

Please watch this special announcement from CEO Scott Holley about his transition to his new role and an important time of transformation at SBC Wealth Management. Should you have questions or concerns, please do not hesitate to reach out to your wealth advisor.

——————–

VIDEO TRANSCRIPT:

Hello, everyone. After founding SBC Wealth Management in 1983 and growing the company to a billion dollar RIA firm, it’s time for the next generation of leadership to take SBC Wealth Management to the next level. I will be retiring as CEO effective August 1st of this year, but I will remain involved as a major shareholder and senior advisor on the SBC team.

While there is never a great time for an announcement such as this, it has been a fun 40-year ride leading SBC Wealth Management to where we are today. Yet it seems like just yesterday it was only me and a personal assistant. I’m incredibly proud of the work that I’ve done and the work we’ve done as a team and I have high expectations for our leadership moving forward. Our new leadership team will include:
  • Pat Morrow as Chief Executive Officer
  • Carson Shadowen as President and Chief Operations Officer
  • Erin Pentz as Vice President and Chief Operations Officer
  • Andrew Fairman continuing to as Chief Investment Officer
  • And we’ll be bringing a new position on toward the end of the year as Chief Growth Officer. That individual has already been selected, and we’ll be making that announcement as we move further into the year. I’m excited about it, as I think it’s an important thing for SBC and our growth as we move forward.

This is an important time in the world and for transformation at SBC Wealth Management. Our leadership team is well equipped to navigate the path forward with sound strategies and a continued focus on client success. While this is an emotional time and decision for me to step aside as CEO with so much going on, I know the time is right to enjoy many of my other passions including time with my wife, my daughters, and my grandchildren.

To that end, I want to pause and thank everyone that has been a part of the SBC journey. Most importantly, I want to offer my sincere thanks to our clients for your unwavering trust and support in our process, our capabilities, and our team today and moving forward.

I am convinced that SBC Wealth Management is poised for incredible future success and I look forward to being even a small part of it moving forward.

FINRA, the North American Securities Administrators Association (NASAA), and the SEC all recommend that clients have at least one listed Trusted Contact on their investment accounts.  And we here at SBC second that recommendation. But what is a Trusted Contact and why do all of these organizations recommend the use of one?

A Trusted Contact is someone that you authorize us to contact on your behalf should we have concerns about your health or welfare, or are unable to otherwise contact you directly. This person can be anyone that you choose and trust—a family member, close friend, a professional such as your lawyer or accountant, or virtually anyone you wish who is at least eighteen years of age. You may be under the mistaken impression that if we have concerns about you or your welfare that we could contact one of your beneficiaries or a close family member that we are aware of, but due to privacy restrictions, that is not the case. We are only legally able to contact those who you have listed in writing as a Trusted Contact. You can have more than one Trusted Contact, and you can remove a Trusted Contact at any time in writing. Having a Trusted Contact provides you with an additional layer of security because it allows us the ability to speak with someone who knows you well if the need ever arises.

Please note that having a Trusted Contact does not confer any legal obligations or authority to that person. This person would not have trading authority or other ability to access your funds or securities, or otherwise transact any business on your behalf.

If you would like to list one or more Trusted Contacts, please contact our office and we’ll have the required Forms sent out to you. If you are not sure if you have a Trusted Contact currently listed, please reach out and we will look up any Trusted Contacts currently on file. Should you have any additional questions about this topic, feel free to contact your account representative. You can find our general contact information at sbcwealth.com/contact.

While listing a Trusted Contact is completely voluntary, it is highly recommended as additional protection, so in the off chance we ever notice anything amiss, we will have the ability to contact someone you know and trust. You can review an informational posting relating to Trusted Contacts from the SEC on the Investor.gov website at investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-trusted-contact.