Category Archives: News/Media

Oct 15
0

Massive Data Breach Exposes Billions

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Massive Data Breach Exposes Billions

 

Key takeaways

  • The National Public Data Company suffered a massive data breach affecting nearly three billion records.
  • Most people are likely affected at some level by this breach.
  • The breach compromised sensitive personal information including names, addresses, social security numbers, and historical data—data that is commonly used for identify authentication in financial transactions.
  • Financial advisors need to reassess and update their security protocols for client accounts.
  • Clients should be encouraged to freeze their credit reports and implement two-factor authentication on all financial accounts.
  • Regular monitoring of credit reports is crucial, even for those with frozen credit.
  • The breach highlights vulnerabilities even among companies specializing in data management.
  • Advisors should operate under the assumption that their clients’ sensitive information is already compromised.
  • This breach presents an opportunity for financial advisors to demonstrate their value by guiding clients through enhanced security measures.
Jun 10
0

As featured in Forbes 2024 Best-In-State Wealth Advisors

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https://www.forbes.com/profile/andrew-arnold/?list=best-in-state-wealth-advisors Data provided by SHOOK® Research, LLC – Data is based on information from a 12 month period ending 6/30/23 and awarded April 2024. (#45 in Kentucky – Andy Arnold, MBA, AIF®, CEPA®. Centerline Wealth Advisors, Louisville, KY. Minimum Household Size for New Business: $1MM. Typical Size of Households: $350k-10MM. Typical Net Worth of Relationships: $1.5MM-50MM. Team Assets (Custodied): $264MM) Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual, and telephone due diligence meetings to measure best practices, client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch com. SHOOK is a registered trademark of SHOOK Research, LLC.