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Celebrating SIFMA's 2014 Year in Review

sifma-mainEarlier this year, our strategic partner the Securities Industry and Financial Markets Association (SIFMA) shared its 2014 Year in Review, a downloadable resource encapsulating the work of more than 10,000 professionals from 500 member firms who participate in 100 committees and countless working groups–all together representing one of the largest financial associations in the world.
The report opens with a message from the SIFMA Board of Directors as well as a snapshot of the U.S. securities industry today:

  • There are over 4,000 registered broker-dealers with 380,000 financial advisors in 170,000 branch offices, serving clients with over $16 trillion in assets.
  • In 2014, those firms raised $1.7 trillion in public debt and equity, as well as $102 billion in private placements, for corporate issuers; $334 billion for municipal issuers; and $300 billion in non-agency securitizations, playing a critical role in the capital formation that fuels economic growth, development and job creation.
  • There are 32,000 registered investment advisory firms with more than $62 trillion in assets under management for clients such as individuals, mutual funds and pension plans, among others.

“America has the largest and deepest capital markets in the world – according to the Federal Reserve,” cites SIFMA, and “the capital markets provide approximately 75% of financing for businesses in the U.S.”
sifma 2014 data
Further along in the report, SIFMA highlights its policy and advocacy agenda, explores the member committees that help amplify the association’s collective voice, and highlights the community work achieved through the SIFMA Foundation.
In short, the state of our financial union is strong, and we at Hearsay Social are committed to the continual development of the products, services and solutions that will enable financial professionals the leverage to connect, engage and serve their clients.  To that end, follow along as Clara Shih and Yasmin Zarabi take the stage at the SIFMA Social Media Seminar this Thursday in San Francisco. Clara and Tom Sagissor of RBC Wealth Management, will kick off the event with a fireside chat on the ROI of Social Media with perspectives from the field, and later Yasmin will be part of panel discussing navigating the web of social media.  You can follow all our tweets using hashtag #SIFMASocial.
Read the full report or click some stories below to learn more.

Proud to expand our partnership with SIFMA to help you drive social business best practices

hearsay-social-sifmaToday at the SIFMA Social Media Seminar we proudly announced the renewal and expansion of our strategic partnership with the Securities Industry and Financial Markets Association (SIFMA) to drive increased thought leadership and education around social media use within SIFMA’s member firms.

Since first partnering with SIFMA in 2012, we’ve worked closely together empowering and educating hundreds of member securities firms, banks, and asset managers on social business best practices. As partners, we’re committed to helping companies like Wedbush–a SIFMA member firm and newly announced Hearsay Social customer–drive better engagement and deeper relationships with clients.

At events throughout the year, including the SIFMA Annual Meeting and SIFMA Social Media Seminar, member firms will receive access to training seminars, greater advocacy with leading social network providers, and more insight into available digital technologies and social media solutions. Kicking off the renewed partnership, Hearsay Social CEO Clara Shih keynoted today’s SIFMA Social Media Seminar in San Francisco with a discussion of the increasingly central role social media plays in financial services.

A conversation with leaders of social media at the SIFMA Social Media Seminar, including Dan Greenberg (Account Manager – Financial Services, Twitter), Jennifer Grazel (Global Head of Category Development – Financial Services, LinkedIn), and Keith Watts (Financial Services Business Lead, Facebook), moderated by Mimi Bloom (Director, Digital and Social Channels, Charles Schwab & Co., Inc.).

Over the past several years, the financial industry has increasingly invested in being more customer-centric and having more transparent communications with the public. As more and more financial advisors join social networks to connect with current clients and find new opportunities, it’s clear that 2014 is the year social media moves from an optional tool to an essential way to grow business.

With social media for business becoming an industry standard practice, we’re delighted to expand our partnership with SIFMA to help firms become better practitioners of compliant social business to drive greater client engagement.

Learn more:

Hearsay Social and SIFMA Expand Strategic Partnership to Drive Social Business Education & Thought Leadership for SIFMA Member Firms

Enhancing the social business experience for financial advisors at Wedbush Securities

What broker dealers should expect from the SEC on compliance