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Independent Qualified Fiduciary Expert
Assessments | Consulting | Training | Expert Witness
practice related to issues of Fiduciary performance
History
- Chris McConnell & Associates was founded in 2003. Believed to be among the first, pure consulting practices focused on objective, independent training and analysis of fiduciary performance. Mr. McConnell became a designated ACCREDITED INVESTMENT FIDUCIARY AUDITOR in 2003.
- Mr. McConnell has over 19 years experience, the majority in management, at two top Wall St. firms.
- He spent over 10 years as a branch manager, sales manager, or financial advisor. Six years in accounting and internal financial analysis at the regional and national levels. Three years at the senior national level. He supervised, analyzed and or designed compensation plans for branch managers, regional managers, financial advisors (stockbrokers) and analyzed branch and product profit and loss from day one.
- Securities and insurance licenses previously held included Series 3, 4, 7, 8, 9, 63 and 65; California Life Insurance, Long term care and Variable annuities.
- He applies his specialized fiduciary training and in-depth understanding, experience and knowledge of the inner dynamics of a full service, securities broker dealer from headquarters level through a branch office and the portfolio recommendations (or the lack thereof) at the brokers desk. Compensation, profitability and financial incentives are implicit every step along the way; critical to interpreting events.
- His expertise spans fiduciary duties starting with the account solicitation and opening process, account agreements, account statements, portfolio trades, analysis of a broker's book of customers, continuing education, broker tools and training, compliance, suitability of investments and services, fees, commissions,life insurance and variable annuities; compared to the broker dealer's compliance manual.
- Additional areas of expertise include:
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Securities and financial planning industry compensation expert inclusive of traders, stock brokers, financial planners, wealth managers, portfolio managers, branch managers, regional managers, product wholesalers. (Wrote stock broker compensation manual at a major Wall St. brokerage firm. Related areas include Forgiveable loans, Promissory notes, recruiting, and training.)
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Branch manager and regional manager compensation expert.
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Branch Profit and Loss (P&L) valuation and analysis (wrote branch P&L manual at major Wall St. broker dealer), valuation of a broker's book of business, margin accounts; stock loan.
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Investment product marketing, distribution and sales force and market penetration studies.
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Studies that address a critical fiduciary question: "How a trustee prudently fulfills fiduciary duties?" It begins with education and training.
Education, Credentials
- ACCREDITED INVESTMENT FIDUCIARY ANALYST™ (AIFA), Center for Fiduciary Studies, University of Pittsburgh, 2003, 2006
- BA, Economics / Accounting option, Rutgers University
- MBA, Pepperdine University
- Successfully passed the CPA exam, New York State Board of Accountancy
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