logo

Amplify adds Schwab's Mark Fischer COO

Finextra21-05-2025

Amplify Platform ('Amplify'), a unified all-in-one wealth management platform for financial services, announced today it has hired Mark Fischer as the company's first chief operations officer (COO). Fischer joins Amplify's expanding C-suite roster as the firm continues its recent trajectory of record growth.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
A financial services veteran with three decades of relevant experience, Fischer will lead Amplify's day-to-day operations with a strong focus on client success. In his new role, he will oversee relationship management, onboarding and training client service teams, and implementing strategies to scale operations and support the firm's continued growth. Fischer's extensive industry expertise will be instrumental in helping Amplify operate more efficiently, respond more effectively to client needs and deliver an enhanced, relationship-driven client experience.
'As we continue to build on the momentum of the past year, it's essential we have the necessary talent to effectively manage our growth and achieve our vision,' said Vickie Lewin, Chief Growth Officer. 'Mark has the experience and the passion we need in an operations leader. We're confident he will add significant value by deepening client engagement, ensuring seamless service delivery and driving initiatives that support client retention and accelerate our business development.'
Prior to Amplify, Fischer served for more than a decade at Charles Schwab Asset Management, where he held COO and chief financial officer (CFO) roles. During his tenure, he led key operational and financial functions for the Schwab Asset Management platform, which has approximately $1.2 trillion in discretionary assets under management (AUM). Fischer also serves on the board of the Colorado chapter of the Alzheimer's Association.
'Amplify's recent growth has been impressive to watch,' remarked Fischer. 'But what impressed me even more is the obvious commitment to helping financial advisors work smarter, grow faster and prepare for the future with confidence. I look forward to helping elevate our operations to support that mission and consistently deliver exceptional value for our clients and partners.'
Fischer, who received his undergraduate degree in business from the University of New Hampshire, Plymouth and his MBA from the University of Colorado, is the latest in a series of recent C-suite hires. Over the past year, the company has added veteran talent in the roles of chief financial officer, chief product officer, chief of staff and general counsel, as well as other key leadership hires. Since the beginning of 2024, Amplify has doubled its total employee headcount and reached more than $18 billion in total AUM.
'We remain focused on enhancing our platform and providing advisors with the tools they need to support better client outcomes,' added Aaron Brodt, Founder and CEO of Amplify. 'As we continue to evolve, our leadership team will be essential to our success. We're excited to welcome Mark aboard and can't wait to see his expertise in action, helping us deliver an industry-leading client experience and shape the next phase of Amplify's journey.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold drops as US-China trade deal hopes ease safe-haven demand
Gold drops as US-China trade deal hopes ease safe-haven demand

Reuters

time10 minutes ago

  • Reuters

Gold drops as US-China trade deal hopes ease safe-haven demand

June 9 (Reuters) - Gold prices declined on Monday as optimism over easing U.S.-China trade tensions dampened safe-haven demand, while a stronger-than-expected U.S. jobs report tempered expectations of interest rate cuts by the Federal Reserve. Spot gold fell 0.4% to $3,298.12 an ounce as of 0214 GMT. U.S. gold futures lost 0.9% to $3,317.40. Three top aides of U.S. President Donald Trump will meet with their Chinese counterparts in London later in the day to discuss resolving the trade dispute between the two largest economies, a standoff that has kept global markets on edge. "Short-term traders do not want to take aggressive long positions right now ahead of the outcome of U.S.-China talks," said Kelvin Wong, a senior market analyst, Asia Pacific at OANDA. However, tariffs won't disappear, but talks may lower the baseline, Wong said, adding that the cost of doing business in the U.S. will remain elevated and the widening U.S. budget deficit could create a double feedback loop that exacerbates inflationary pressures. The U.S. economy added 139,000 jobs in May, surpassing analysts' expectations, while the unemployment rate was unchanged at 4.2%, the Labor Department said. Wage growth exceeded forecasts, dampening the likelihood of imminent rate cuts. Investors scaled back bets on rate cuts and are anticipating one reduction in October, while awaiting the U.S. CPI data due on Wednesday for more cues. Meanwhile, Trump said a decision on the next Fed chair would be announced soon, adding that a "good Fed chair" would lower rates. On the geopolitical front, Trump's order banning citizens of 12 countries from entering the U.S. takes effect on Monday. Non-yielding bullion, often viewed as a safe-haven asset during economic and geopolitical uncertainties, tends to perform well in a low-interest-rate environment. Elsewhere, spot silver was unchanged at $35.97 per ounce, platinum fell 0.5% to $1,163.64, while palladium held steady at $1,046.18.

Dollar steadies after rally, focus shifts to US-China trade talks
Dollar steadies after rally, focus shifts to US-China trade talks

Reuters

timean hour ago

  • Reuters

Dollar steadies after rally, focus shifts to US-China trade talks

June 9 (Reuters) - The dollar held steady against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of pivotal U.S.-China trade talks set to take place in London later in the day. The talks come at a crucial time for both economies, with China grappling with deflation and trade uncertainty dampening sentiment among U.S. businesses and consumers, prompting investors to reassess the dollar's safe-haven status. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are expected to represent the U.S. at the trade talks, while vice premier He Lifeng would likely be present with the Chinese delegation. "A deal to keep talking might be better than nothing, but unless we see a concrete breakthrough, the impact on sentiment is likely to remain muted," said Charu Chanana, chief investment strategist at Saxo Markets. Friday's upbeat U.S. jobs report yielded some relief for investors following other bleak economic data last week. The dollar advanced against major peers after the employment report, which cut weekly declines in the dollar index by more than half. However, it is still down by more than 8.6% for the year. On Monday, the yen firmed 0.10% at 144.750 per dollar, as data showed Japan's economy contracted at a slower-than-expected pace in the January-March period. The Swiss franc was steady at 0.8221 per dollar by 0041 GMT. The euro was last flat at $1.1399, while the sterling fetched $1.3535. The dollar index, which measures the U.S. currency against six others, was steady at 99.169. The yield on 10-year Treasury notes was flat in early Asia trading, after a more than 10 basis points jump on Friday. New Zealand's dollar last bought $0.6020, while the Australian dollar inched up 0.1% at $0.65 in light volumes as markets were closed for a public holiday. An inflation report out of the U.S. for the month of May will be in the spotlight later in the week as investors and Federal Reserve policymakers look for evidence on the damage trade restrictive policies have had on the economy. Fed officials are in a blackout period ahead of their policy meeting next week, but they have signalled that they are in no rush to cut interest rates and signs of better-than-feared economic resilience are likely to further cement their stance. Interest rate futures indicate that investors are anticipating the central bank may cut borrowing costs by 25 basis points, with the earliest move expected in October this year, according to data compiled by LSEG. "May is the first month where the impact of Trump's 10% universal tariff on imports ex-USMCA is expected to show. The Fed will want a few months of inflation data in order to judge the tariff impact and most importantly, its persistence," analysts at ANZ Bank said. Elsewhere, China's offshore yuan was last at 7.187 per dollar ahead of inflation and trade data.

DOGE nerds reveal their biggest fear after Musk and Trump's spectacular falling out
DOGE nerds reveal their biggest fear after Musk and Trump's spectacular falling out

Daily Mail​

time4 hours ago

  • Daily Mail​

DOGE nerds reveal their biggest fear after Musk and Trump's spectacular falling out

Employees of the Department of Government Efficiency are worried Elon Musk 's infamous chainsaw to government waste may come for them after his falling out with Donald Trump. Musk and Trump's fallout dates back to the man who once wore a t-shirt proclaiming himself 'the DOGEfather' leaving the White House in late May. The ex-'First Buddy' has spent the days since torching the relationship, everything from publicly slamming Trump's 'big, beautiful bill' to claiming the president is in The Epstein Files (which he quietly later deleted). Trump has also knifed a key Musk ally by pulling his nomination to become NASA administrator. That has many of those who remain at the Department of Government Efficiency worried that they may 'get DOGE'd' themselves, as group chats between employees have reportedly lit up wondering where their future in government lies. As former DOGE software engineer Sahil Lavingia said, he and many of the people attempting to streamline the government were already allies or employees of Musk. 'I worry with Elon gone, no one will join, and it will just slowly fade away,' Lavingia told the Wall Street Journal. Even if they remain, without Musk, the organization that claimed it has already cut $180 billion in government waste may never be the same. 'Working there felt like pushing a boulder up a mountain, and it'll just fall back down if the work doesn't continue,' Lavingia added. For now, the Trump White House remains proud of the department's work and looks for it to continue. 'Trump's success through DOGE is undisputed, and [the president's] work will continue to yield historic results,' spokesperson Harrison Fields said. However, sources told WSJ that many are worried that at the very least, DOGE will see massive staffing cuts without Musk's protection. Russell Vought, the head of the Office of Management and Budget, seemed to confirm that they are now at the mercy of whomever is in charge of the department that they were hired to cut waste from. 'Cabinet agencies that are in charge of the DOGE consultants that work for them are fundamentally in control of DOGE,' he told Congress earlier this week. The fallout between Trump and Musk - who were political allies for a little less than a year - started in recent weeks when the billionaire started resisting Republicans' 'Big, Beautiful Bill,' arguing that the spending wiped out DOGE's cost-cutting efforts. However, there were signs of the strain between the two on the day Musk left the White House, as Trump pulled the nomination for Jared Isaacman to be the new NASA administrator despite reports he was a shoe-in for confirmation. Isaacman, 42, had his nomination pulled after a 'thorough review' of his 'prior associations,' Trump said. He believes the nomination was withdrawn to coincide with his friend Musk parting ways with the administration and was pushed for by Sergio Gor, an anti-Musk White House official. Then, on Thursday, when Trump was supposed to be hosting the new German Chancellor Friedrich Merz in the Oval Office, he was asked about Musk's recent criticism. From there the dam broke. 'Elon and I had a great relationship. I don't know if we will any more, I was surprised,' Trump told reporters. The president suggested that Musk was angry - not over the bill ballooning the deficit - but because the Trump administration has pulled back on electric vehicle mandates, which negatively impacted Tesla, and replaced the Musk-approved nominee to lead NASA, which could hinder SpaceX's government contracts. 'And you know, Elon's upset because we took the EV mandate, which was a lot of money for electric vehicles, and they're having a hard time the electric vehicles and they want us to pay billions of dollars in subsidy,' Trump said. 'I know that disturbed him.' Musk posted to X as Trump's Q&A with reporters was ongoing. 'Whatever,' the billionaire wrote. 'Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,' he advised. 'In the entire history of civilization, there has never been legislation that [is] both big and beautiful. Everyone knows this!' Musk continued. 'Either you get a big and ugly bill or a slim and beautiful bill. Slim and beautiful is the way.' The spat quickly turned personal with Musk then posting that Trump would have lost the 2024 election had it not been for the world's richest man - him. Musk publicly endorsed Trump on the heels of the July 13th assassination attempt in Butler, Pennsylvania and poured around $290 million into the Republican's campaign. The billionaire also joined Trump on the campaign trail when he returned to the site of the Butler shooting in early October, a month before Election Day. After his meeting with Merz, Trump continued to throw punches online. He asserted that he had asked Musk to leave his administration and said he was 'CRAZY!' 'Elon was "wearing thin," I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' Trump wrote. It was after that post that he then threatened to pull SpaceX and Tesla's government contracts. Musk then taunted Trump to act. 'This just gets better and better,' he wrote. 'Go ahead, make my day …' In a follow-up post, Musk said he would 'begin decommissioning its Dragon spacecraft immediately.' Trump continued his 'crazy' remarks on Friday when speaking with CNN Anchor and Chief Political Correspondent Dana Bash. He said: 'I'm not even thinking about Elon. He's got a problem. The poor guy's got a problem.' The tech billionaire also claimed Trump appeared in files relating to disgraced pedophile Jeffrey Epstein in a post on his social media platform X as the pair traded blows in a sensational public row. Musk gave no evidence for the claim, which has since been deleted, and the White House dismissed the allegation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store