Deferred Compensation News and Updates

Deferred Compensation News brings you the latest information and insights on 409A nonqualified deferred compensation; institutional COLI, BOLI, and ICOLI; tax-and cost-efficient non-COLI funding strategies; low-cost tax managed non-COLI asset/liability designs; executive benefits benchmarking; succession planning and timely issues of executive pay and benefits. 
Featured image for “Fulcrum Partners Executive Benefits, Supporting BDO Alliance USA CPA Firms”
May 02, 2018

Fulcrum Partners Executive Benefits, Supporting BDO Alliance USA CPA Firms

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PONTE VEDRA BEACH, FL — (May 2, 2018) Fulcrum Partners LLC, a nationwide executive benefits advisory, works in alliance with the select CPA member firms of the BDO Alliance USA. From May 7 through 9, Fulcrum Partners will be part of BDO’s 25th Anniversary Alliance Conference, to be hosted at the Bellagio, Las Vegas, Nevada. This year’s BDO Alliance conference welcomes over 1500 CPA Alliance Members, BRN Alliance Members, BDO USA Leadership and guests from BDO International Member Firms. Attendees will include best in class practitioners in the accounting profession, along with other members and program vendors who provide business development, marketing training and other valued services to support accounting professionals. Fulcrum Partners, an independent member of the BDO Alliance USA, is an executive benefit advisory with more than $6 Billion in assets under management. Serving executives and organizations with executive benefits and deferred compensation solutions, Fulcrum Partners also provides targeted services for CPA firms, including executive benefits and nonqualified deferred compensation consulting, executive disability and life insurance review, insurance policy audit and administration, bank owned life insurance (BOLI), business succession planning, and high net worth and estate planning. Colleen Mhley, Marketing Director for the BDO Alliance USA, said, “This
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Featured image for “Fulcrum Partners Releases White Paper on Pre-Tax Income Deferral”
April 19, 2018

Fulcrum Partners Releases White Paper on Pre-Tax Income Deferral

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Important Insights on Pre-Tax Income Deferral PONTE VEDRA BEACH, FL — (April 19, 2018) Five years have passed since the executive benefits advisors at Fulcrum Partners LLC released Advantages to Pre-Tax Deferral of Income in an Uncertain Tax Environment, an in-depth report on the effectiveness of deferring compensation until retirement for the purpose of accumulating wealth and reducing taxes. While much has changed in the U.S. tax code, and on the national and global political and economic fronts, uncertainties of the tax environment remain. Fulcrum Partners Managing Directors Steve Broadbent and Chris Nyland have revisited the topic and are publishing a revised study that reflects today’s economic and tax considerations. The company is making the report available to the public as a downloadable PDF. As Steve Broadbent, Fulcrum Partners Atlanta, explained, “It’s mid-April, and taxes and strategies to defer taxes are fresh in everyone’s mind right now. Many working Americans have wondered whether the practice of deferring compensation is still sound, in view of changes to the tax code and the economy. Fulcrum Partners felt it was important to provide our marketplace with insights to help tax payers evaluate the practice of deferred compensation as part of long-term financial planning.
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December 01, 2017

Fulcrum Partners Honors Leadership and Advocacy in Charleston, SC

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Sharing our News as We Honor Christopher Nyland, Fulcrum Partners Charleston FOR IMMEDIATE RELEASE PONTE VEDRA BEACH, FL — (November 30, 2017) As part of its 10-year anniversary celebration, Fulcrum Partners LLC is honoring the leadership team that has helped the company grow to more than $6B in assets under management. Founded in Ponte Vedra Beach and Orlando, Florida, the firm now has 13 nationwide offices, including Fulcrum Partners Charleston, South Carolina, where Christopher H. Nyland is the managing director. Chris Nyland, who has more than 30 years of in-depth experience in executive benefits, joined Fulcrum Partners after spending 9 years with Clark Consulting, and 6 years as an Executive Vice President with Schoenke & Associates in Washington DC. He holds a Series 6 and Series 63 securities registration and is a graduate of Radford University. As an avid student of U.S. government, Chris views today’s evolving political and economic landscape with both interest and concern. Describing himself as “a patriot and a politics geek,” with a manageable addiction to C-SPAN, Chris explained, “At Fulcrum Partners, we help clients prepare and position themselves and their companies for a secure financial future. Of course, we are closely following the details of
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Featured image for “Steve Broadbent, Fulcrum Partners Atlanta, Announces Valmark Global Gift Fund Donation to Johns Creek Public Safety Foundation”
October 17, 2017

Steve Broadbent, Fulcrum Partners Atlanta, Announces Valmark Global Gift Fund Donation to Johns Creek Public Safety Foundation

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“…We know this gift has the potential to save lives.” PONTE VEDRA BEACH, FL — (Oct 17, 2017) The Johns Creek Fire Department and the City of Johns Creek (GA) community have received a $3200 donation from the Valmark Global Gift Fund. The donation has enabled the Johns Creek Public Safety Foundation to expand cardiopulmonary resuscitation / automated external defibrillator training classes in the City of Johns Creek through the purchase of an additional 49 CPR/AED training and practice manikins. Steve Broadbent is Chairman of the Johns Creek Public Safety Foundation, Johns Creek Mayor Pro-Tem and Managing Director at Fulcrum Partners Atlanta, a nationwide executive benefits advisory that has been a member of Valmark Financial Group since 2011. Broadbent observed, “While the Johns Creek Fire Department has offered quarterly CPR/AED classes for many years, the limited number of training manikins has meant restricted class sizes. The generous donation made possible by Valmark Financial Group, through the Valmark Global Gift Fund, allows the Fire Department to train more than twice as many people in each class. “The new manikins also meet the new American Heart Association requirement for audio feedback from the manikins due for implementation in 2019. The Johns Creek community
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Featured image for “Steve Broadbent, Exemplifying the Fulcrum Partners Executive Benefits Edge”
July 27, 2017

Steve Broadbent, Exemplifying the Fulcrum Partners Executive Benefits Edge

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For Immediate Release Re: Steve Broadbent, Fulcrum Partners Atlanta PONTE VEDRA BEACH, FL — (July 27, 2017) In 2007, a group of seasoned financial industry professionals founded Fulcrum Partners LLC. Their intent was to bring together exemplary talent in their profession, creating an independent, member-owned firm dedicated to helping companies achieve cost-effective executive benefits plans that reward key leadership in meaningful ways. Now, celebrating its ten-year anniversary, Fulcrum Partners has thirteen offices coast-to-coast and is led by a hand-picked team of managing directors with exceptional skills and experience. As part of its 10-year anniversary celebration, Fulcrum Partners is honoring the leadership at each of its executive benefits consulting offices, focusing this month on Managing Director, Steven Broadbent. Steve Broadbent heads Fulcrum Partner’s Atlanta, Georgia office. Prior to joining Fulcrum Partners in 2012, he spent 11 years as an executive benefits consultant for Clark Consulting and before that 6 years as a Sales Vice President in AT&T’s Los Angeles office. Steve is the former Deputy Assistant Secretary for the U.S. Department of the Treasury. He was appointed by President George H. W. Bush, and during his service, led White House Advance Teams on diplomatic missions throughout Europe and the Middle East. He
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Featured image for “Fulcrum Partners Honors its Executive Benefits Advisory Team in Chicago”
June 28, 2017

Fulcrum Partners Honors its Executive Benefits Advisory Team in Chicago

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FOR IMMEDIATE RELEASE PONTE VEDRA BEACH, FL — (June 28, 2017) Since 2007, Fulcrum Partners LLC, one of the nation’s leading executive benefits advisories, has helped companies and executives optimize executive benefit plans in ways that are cost effective for the company and rewarding for the executive. Throughout 2017, as part of its 10-year anniversary celebration, Fulcrum Partners is honoring each of its thirteen nationwide offices. Managing Director Tom Chisholm, heads the Fulcrum Partners Chicago office. Tom’s areas of expertise include nonqualified benefit programs, employee retention, senior management compensation, change in control issues and plan integration during mergers and acquisitions. Also an endurance athlete, Tom was a member of Team USA, Long Course Triathlon Teams 2015 and 2012. Tom Chisholm says, “I am goal driven and competitive, which of course, helps me in triathlons. But just as importantly, it helps me understand and serve the needs of Fulcrum Partner’s clients, who are hardworking top talent, and who are rightfully concerned about their executive benefits, retirement, and the future of their company.” Financial Consultant Kenny DePaola joined Fulcrum Partners Chicago with a differing perspective and motivation. As a millennial, he identifies with concerns about retirement planning, health care affordability and financial
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Featured image for “Fulcrum Partners Chicago Expands Web Presence of Fulcrum Partners LLC”
February 21, 2017

Fulcrum Partners Chicago Expands Web Presence of Fulcrum Partners LLC

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FOR IMMEDIATE RELEASE Fulcrum Partners Chicago Expands Web Presence of Fulcrum Partners LLC (Ponte Vedra Beach, FL, Feb 21, 2017) As part of its ongoing growth strategy, Fulcrum Partners LLC, a leading executive benefits advisory, has launched the website, Fulcrum Partners Chicago (www.fulcrumpartnerschicago.com). The targeted website went live earlier this month. The microsite is the sixth dedicated web domain utilized by the company to expand its online presence and enhance its visibility. Tom Chisholm, Managing Director Fulcrum Partners Chicago, said, “Our business is in high-growth mode. Companies and individuals are in great need of effective benefits strategies. We want to make our strong and experienced team readily accessible, to help organizations maximize the effectiveness of their nonqualified deferred compensation plans, improve continuity and increase earnings. Every client we serve represents a unique relationship and a customized strategy we develop exclusively for that client.” Recognized as one of the largest executive benefits consultancies in the U.S., Fulcrum Partners has twelve nationwide offices. Other microsites for Fulcrum Partners include: Fulcrum Partners Ponte Vedra Beach, (Jacksonville) Florida (www.fulcrumpartnerspontevedrabeach.com); Fulcrum Partners Washington D.C. (www.fulcrumpartnerswashingtondc.com); Fulcrum Partners Houston (www.fulcrumpartnershouston.com); Fulcrum Partners Orlando (www.fulcrumpartnersorlando.com); and Fulcrum Partners Los Angeles (www.fulcrumpartnerslosangeles.com). Kenny DePaola, a Financial Consultant at
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Featured image for “Jonathan Kearn Joins Fulcrum Partners”
October 13, 2016

Jonathan Kearn Joins Fulcrum Partners

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Fulcrum Partners Executive Benefits Expands Orlando Team Ponte Vedra Beach, FL (October 13, 2016) With the announcement of the addition of financial consultant, Jonathan Kearn, Fulcrum Partners LLC, continues its aggressive expansion as one of the leading and largest executive benefits consultancies in the United States. Kearn, who will join the Fulcrum Partners Orlando office, is the fifth new financial professional to become part of the Fulcrum Partners team this year. Scott Cahill, a company founder and the managing director of Fulcrum Partners Orlando says, “The Fulcrum Partners strategic growth plan has resulted in significant expansion in our Orlando, Chicago, and Los Angeles offices over the past eight months. We’ve also seen steady growth at our nine other nationwide locations. Jon Kearn, with twelve years of private practice experience providing effective and efficient financial solutions, exemplifies the type of young talent Fulcrum Partners is attracting as an executive benefits consultancy that is both highly knowledgeable and disruptively creative.” Jonathan Kearn, formerly with New York Life, grew up in his family’s success-driven business, Kearn and Associates. He is a University of Florida Honors Program graduate, a graduate of the NYLIC University Insurance Program, and holds a Series 6 Securities license and
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Featured image for “Fulcrum Partners Executive Benefits Adds New Financial Consultant”
September 08, 2016

Fulcrum Partners Executive Benefits Adds New Financial Consultant

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Fulcrum Partners Executive Benefits Adds New Financial Consultant Ponte Vedra Beach, FL (Sept 8, 2016) FOR IMMEDIATE RELEASE Fulcrum Partners LLC., (Fulcrum Partners executive benefits) continues its aggressive growth commitment, hiring Financial Consultant, Kenneth DePaola. DePaola joins Managing Director Tom Chisholm at the Fulcrum Partners Chicago office. Kenny DePaola comes to Fulcrum Partners from Northwestern Mutual, where he was honored with both the Agency Growth Award and the Bronze Award. He is a 2007 graduate of Ball State University in Muncie, Indiana, is licensed by the Illinois Department of Insurance and holds Series 6 and 63 FINRA licensing. Tom Chisholm observed, “Kenny exemplifies the type of exceptional young talent we are attracting and encouraging at Fulcrum Partners. The need for highly trained specialists who understand the subtleties and complexities of executive benefits issues has never been greater. The changing face of corporate America and the global economy leaves companies dealing with employee retention, key executive compensation, and the challenges that come with changes in control and plan integration during mergers and acquisitions.” Managing Director Steve Broadbent heads the Fulcrum Partners Atlanta office. Broadbent said, “We are a small, dedicated company. Yet, within our market, we are one of the largest
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August 29, 2014

Financing the Golden Years Among Senior Retail Executives

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The August issue of The Exchange for People Strategy online magazine contains this review of the last few years in retail sector retirement planning and deferred compensation suites for senior executives. Managing Directors Tom Chisholm and David Fisher lend their expertise to outlining the challenges in compensating key team members in positions outside of rank-and-file employees, as well as ways creative businesses are steering toward solutions. You can read this article directly in PSX magazine, or in the embedded copy below. The Exchange is a monthly publication you can receive directly to your inbox. We invite you to become a subscriber (no subscription fee) to The Exchange for People Strategy by emailing steve.broadbent@fulcrumpartnersllc.com. In your email, asked to be added to our Exchange subscribers list.     Retail Executive Retirement Planning: Finance Golden Years – PSX Magazine by Fulcrum Partners LLC
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