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Royal Bank of Canada announces results of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BF conversion privileges

Canada NewsWire

TORONTO, Nov. 12, 2020 /CNW/ – Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced that during the conversion notice period, which ran from October 26, 2020 to November 9, 2020, 52,464 Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BF (the “Series BF shares”) were tendered for conversion, on a one-for-one basis, into NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BG (the “Series BG shares”). As per the conditions set out in the prospectus supplement dated March 9, 2015, since less than 1,000,000 Series BG shares would be outstanding after November 24, 2020, holders of Series BF shares will not be entitled to convert their shares into Series BG shares. As a result, Series BG shares will not be issued at this time and holders of Series BF shares will retain their shares.

On November 24, 2020, Royal Bank of Canada will have 12,000,000 Series BF shares issued and outstanding. The Series BF shares are currently listed on the Toronto Stock Exchange under the symbol RY.PR.M.

SOURCE Royal Bank of Canada

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Key4Women Survey Reveals Women Business Owners’ Confidence Falling in 2020

PR Newswire

CLEVELAND, Nov. 12, 2020 /PRNewswire/ — The COVID-19 pandemic has caused incredible strain for business owners across our nation, and the future of business is coming into focus as KeyBank learns more from women business owners and their own personal outlook. A recently completed survey shows confidence is falling compared to previous years of the same survey. In two years, we are seeing a 22% drop among respondents who say they are confident of their personal finances in the future. We are also seeing a 23% drop in those business owners who say they are confident in the financial health of their business over the last two years.

Full Survey Results: https://bit.ly/3pif1On

How Businesses are Adjusting

About one in three women-owned small businesses have low optimism that they will achieve their business goals over the next year, mostly due to the pandemic and economy. Six in ten women business owners report the pandemic directly impacted their business negatively. Among all respondents, the effects of the pandemic are creating three big challenges that stand out.

  • 40% of respondents cite adjusting to a new operating model
  • 36% say they are having trouble attracting customers
  • 36% say they are having trouble maintaining staff productivity

For one in four women owned businesses right now, cash-flow management is a problem. Without that flow, many businesses are putting expansion plans on hold. In 2019, 90% of respondents said they planned to expand within the next two years. That has now dropped to approximately three-quarters.

Relying on Resources Available

As businesses focus on their current state of surviving this economic uncertainty, their relationship with their primary bank is becoming more important than ever. Confidence in the financial abilities of businesses are also falling. The ability to handle accounting and finances is down 11% from 2019. The confidence in ability to obtain credit is down 13% from 2019. The confidence in ability to conduct negotiations is down 10% in one year.

Among those surveyed, their primary bank relationship mattered for how they were supported when the pandemic hit. 53% reported their primary bank proactively reached out to them. 70% relied on their primary bank to some degree for financial guidance. “We understand how important the relationships we have with our clients are, not just in the tough times, but in the calm times as well,” said Colleen Dugarte, Vice President and Senior Initiative Development Manager of Key4Women. “These results show us that being there in a time of need truly makes a difference, but more importantly, being there to meet the financial needs of women-owned small businesses in the time ahead is going to be just as critical.”

Optimism Ahead

Optimism has also faded among women business owners with age playing a critical factor in the responses KeyBank found. Overall, while only 46% of the total businesses surveyed were confident about achieving their goals over the next year, down from 71% just two years ago, it was millennial business owners who had more optimism. 60% of those under the age of 35 were optimistic towards the future.

It’s difficult to put a time frame on anything right now as we don’t know how this pandemic will evolve, and how quickly the medical solutions will come, but our respondents did give their best estimations for when they think business will return to normal for themselves.

  • 1 to 3 months: 5%
  • 4 to 6 months: 22%
  • 7 to 12 months: 32%
  • More than a year: 25%
  • Maybe Never: 3%
  • Already returned to normal: 8%
  • Not affected by pandemic: 7%

Methodology
Research for this survey was conducted by Schmidt Market Research, with a third-party panel, Dynata, gathering results from 305 total respondents. This survey was conducted in August of 2020. Please inquire for more information on breakdown of respondents by age and business’ size by revenue.


About KeyCorp

KeyCorp’s (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $170.5 billion at September 30, 2020.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,000 branches and approximately 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. CFMA#201111-908781

 

 

 

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SOURCE KeyCorp

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Itron Achieves Record Registration at First-Ever Virtual Itron Utility Week

Itron Achieves Record Registration at First-Ever Virtual Itron Utility Week

Unveils New Name for the Premier Customer and Partner-Focused Conference

LIBERTY LAKE, Wash.–(BUSINESS WIRE)–
Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its flagship event, Itron Utility Week (IUW), concluded with record registration of more than 1,500 registrants from across the globe, representing 375 utilities and more than 70 cities. Held virtually Oct. 27-29 with the theme of Empowering Innovation, the event brought together customers, partners and influencers to search for new ways to solve problems, improve operations, and redefine the utility and smart city landscape.

Marking Itron’s 38th year of hosting an annual customer-focused event, IUW 2020 provided attendees with access to live and on demand content, which can be accessed through the month of November by visiting www.itron.com/iuw. IUW also celebrated the achievements of the industry and driving excellence in innovation through two award programs. Frost & Sullivan named CPS Energy and BRK Ambiental as the recipients of the fifth annual Excellence in Resourcefulness Awards and Itron named Western Power as the winner of the second annual Itron Innovator Award.

At the conclusion of the event, Marina Donovan, vice president of global marketing and public affairs at Itron, unveiled a new name for IUW: Itron Inspire. This name change reflects the continued evolution both within the industry and in the conference itself with a steadily-growing number of attendees who represent cities, municipalities, co-ops, government entities, partners, technology companies and more—not just utilities.

“As we move forward, we want to make sure that our conference is focused on exploring the possibilities for a better connected, sustainable and resourceful future,” said Donovan. “We want attendees to leave our event feeling inspired and hopeful about what the future holds for our industry.”

Itron Inspire will be held in Palm Desert, California from Oct. 1-8, 2021.

“Our first virtual event focused on empowering innovation, a timely topic for our industry,” continued Donovan. “Through innovation, we can completely redefine the future of utilities and cities to ensure safe, more sustainable and resilient infrastructure. We are looking forward to gathering again next year under our new name, Itron Inspire, with a broader focus on how we, collectively, can leverage technology and services to drive business transformation, enhance customer engagement and unlock innovation.”

To access IUW 2020 session recordings, visit www.itron.com/iuw and select “Register.”

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Environment Technology Utilities Software Alternative Energy Networks Other Natural Resources Energy Hardware Natural Resources

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Dexcom Announces Upcoming Virtual Conference Presentations

Dexcom Announces Upcoming Virtual Conference Presentations

SAN DIEGO–(BUSINESS WIRE)–DexCom, Inc. (NASDAQ:DXCM) today announced that management will present an update on Dexcom at the following upcoming virtual investor conferences:

  • Steve Pacelli, Executive Vice President Strategy and Corporate Development will present on behalf of the company at the Stifel Virtual Healthcare Conference on Monday, November 16, 2020 at 11:20am (EST).
  • Steve Pacelli, Executive Vice President Strategy and Corporate Development will present on behalf of the company at the Piper Sandler Healthcare Conference on Tuesday, December 1, 2020 at 3:00pm (EST).

Links to the webcasts will be available on the Dexcom Investor Relations website at investors.dexcom.com/ and will be archived there for future reference.

About DexCom, Inc.

DexCom, Inc. empowers people to take control of diabetes through innovative continuous glucose monitoring (CGM) products. Headquartered in San Diego, California, Dexcom has emerged as a leader of diabetes care technology. By listening to the needs of patients, caregivers, and clinicians, Dexcom simplifies and improves diabetes management around the world.

DexCom, Inc.

Steven R. Pacelli

Executive Vice President, Strategy and Corporate Development

(858) 200-0200

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Diabetes Health Medical Devices

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Primerica Board Members Cynthia N. Day and Beatriz “Bea” Perez Recognized for Board Leadership Excellence

Primerica Board Members Cynthia N. Day and Beatriz “Bea” Perez Recognized for Board Leadership Excellence

DULUTH, Ga.–(BUSINESS WIRE)–
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families throughout North America, is proud to announce that two members of its Board of Directors have been recognized for excellence in Board leadership.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005105/en/

Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)

Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)

Cynthia N. Day, President and CEO of Citizens Trust Bank, has received the Lettie Pate Whitehead Evans Award for an outstanding female board member from OnBoard, a leading authority on women in the boardroom and executive suites of Georgia public companies. The award is presented annually to a female board member who has served as an outstanding role model for advancing OnBoard’s mission of increasing the number of women in executive leadership and on corporate boards.

Beatriz “Bea” Perez, Senior Vice President and Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer for The Coca-Cola Company, was recently named to Latino Leaders Magazine’s 2020 list of Latinos on Boards. Latino Leaders Magazine strives to advance the Latino Community by promoting the stories of success and leadership, bringing leaders together through its magazine, gatherings, and social media platforms, as well as inspiring them to connect work together for a better future.

Glenn Williams, Primerica Chief Executive Officer, said, “We are fortunate to have both Cynthia and Bea serve on our Board of Directors. Their leadership helps ensure that diversity, unity, and equality for all people are more than just words at Primerica. We congratulate them for receiving these honors, and we are proud of their commitment to creating opportunities for the diverse families that we serve.”

Ms. Day was elected to Primerica’s Board in January 2014 and Ms. Perez was elected to Primerica’s Board in May 2014.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in the United States and Canada. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5 million lives and had approximately 2.5 million client investment accounts at December 31, 2019. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in North America in 2019. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI.”

Primerica, Inc.

Media:

Keith Hancock

866-694-0420

[email protected]

Investors:

Nicole Russell

866-694-0420

Email: [email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Beatriz “Bea” Perez, Senior Vice President and Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer for The Coca-Cola Company (Photo: Business Wire)
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Cynthia N. Day, President and CEO, Citizens Trust Bank (Photo: Business Wire)
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Reprise Emerges from Stealth; Announces Demo Creation Platform and $3.2 Million in Seed Funding

No-code Platform Allows Sales and Marketing Teams to Build Demos Using Any Existing Web Application

BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Reprise, the demo creation platform company, today emerged from stealth and announced its $3.2 million seed round, co-led by Glasswing Ventures and Accomplice Ventures. The company unveiled its category creator Reprise Demo Creation Platform, enabling sales and marketing teams to capture, edit, and deploy software product demos based on their existing production application. Funding, which was secured in May 2020, has allowed Reprise to deepen the technology of the platform and secure early customer traction.

Enterprise sales and marketing teams struggle to create a demo version of their software which they can show to prospects. Revenue teams want “product-led growth” but do not have a suitable product.

Reprise’s platform enables business users on revenue teams to capture, edit, and deploy an application that feels identical to their production environment. Revenue teams can then use this for sales calls, or for creating a self-service demo on their website.

“Building and maintaining a demo environment was a massive engineering cost at multiple previous companies for our founding team. We knew this was a problem worth solving for any B2B software company,” said Bryan Stevenson, Co-Founder and CEO of Reprise.

“We are excited to be a foundational investor in Reprise and to work with Sam Clemens, Bryan Stevenson, Joe Caprio and Evan Powell, a team of repeat entrepreneurs who have extensive experience in building enterprise software startups in the sales and marketing space,” said Rudina Seseri, Founder and Managing Partner, Glasswing Ventures.

“We back founders. We backed this team at InsightSquared to do revenue analytics, and we’re excited to back them again to do a revenue product platform,” said Jeff Fagnan, Founding Partner at Accomplice.

The Reprise Demo Creation Platform is available immediately and more information can be found at www.getreprise.com.

About Reprise


Reprise
 is the Demo Creation Platform Company that enables software companies’ revenue teams to bring their product to life with customized demos, website based product tours, and emailable product experiences. Founded in 2020, Reprise is a private company headquartered in Boston, MA.

About Glasswing Ventures

Glasswing Ventures is an early-stage venture capital firm dedicated to investing in the next generation of AI and frontier technology startups that enable the rise of the intelligent enterprise. For more information about the firm please visit: www.glasswing.vc

About Accomplice

Accomplice is a seed-led venture capital firm that embraces risk, and is the most determined, patient capital partner for entrepreneurs building things that matter. We have been part of the origin story of AngelList, Carbon Black, DraftKings, Integral Ad Science, Hopper, PillPack, Plastiq, Recorded Future, Veracode, and Zoopla. Accomplice has pioneered a community approach through platforms like Spearhead, BOSS, Rev, and TUGG. Based in Boston and San Francisco.

Media Contact Info:
Evan Powell
[email protected]
+1 (215) 801-1637

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REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2020

REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2020

All economic indicators have substantially improved:

  • Consolidated turnover of €908.3 million (+4.9%)
  • EBITDA of €141.1 million (+3.6%)
  • EBIT of €114.4 million (+5.3%)
  • Pre-tax profit of €113.8 million (+5.6%)
  • Positive Net Financial Position of €135.6 million.

TURIN, Italy–(BUSINESS WIRE)–
Today, the Board of Directors of Reply [MTA, STAR: REY] approved the results as at 30 September 2020.

The Group’s consolidated turnover in the first nine months of the year reached €908.3 million, an increase of 4.9% compared to €866.2 million recorded on 30 September 2019.

All indicators are positive for the period. Consolidated EBITDA was €141.1 million, an increase of 3.6% compared to the €136.2 million recorded in September 2019.

EBIT, from January to September, was €114.4 million, which is an increase of 5.3% compared to €108.6 million at September 2019.

Pre-tax profit, from January to September 2020, was €113.8 million (+5.6% compared to €107.7 million in 2019).

For the third quarter of the year, the Group’s performance is equally positive, with consolidated turnover for the period of €293.1 million, an increase of 0.2% compared to 2019.

EBITDA, from July to September 2020, was equal to €50.9 million, with an EBIT of €40.2 million and pre-tax profit of €38.6 million.

As at 30 September 2020, the Group’s net financial position was positive at €135.6 million. The net financial position as at 30 June 2020 was positive for €122.6 million.

“Despite the difficulties related with the effects of the various lockdowns, Reply was able to achieve positive results in the first nine months of 2020, both in terms of turnover and margins; the third quarter was also characterised by an upward trend”, said Reply Chairman Mario Rizzante after the Board of Directors meeting.

“This has allowed us to continue on our development path, both by expanding Reply’s offering in North America and in Europe, and by investing in new skills, especially in areas such as the cloud, artificial intelligence applications, connected vehicles and solutions that support digitisation and automation of main business processes”, continued Mario Rizzante.

The manager responsible for preparing the company’s financial reports, Dr Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company’s records, ledgers and accounting entries.

Reply

Reply [MTA, STAR: REY, ISIN: IT0005282865] specialises in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly specialised companies supporting key European industrial groups operating in the telecom and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of big data, cloud computing, digital media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services. www.reply.com

This press release is a translation, the Italian version will prevail.

Media Contacts

Reply

Fabio Zappelli

[email protected]

Tel. +390117711594

Investor Relation Contacts

Reply

Riccardo Lodigiani

[email protected]

Tel. +390117711594

Michael Lueckenkoetter

[email protected]

Tel. +49524150091017

KEYWORDS: Germany Europe United Kingdom Italy

INDUSTRY KEYWORDS: Software Social Media Internet Consulting Data Management Communications Professional Services Technology

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Nobel Laureate, Oramed SAB member Prof. Avram Hershko and Oramed CSO Dr. Miriam Kidron to be Featured on Biotalknology Webinar “Oral Delivery of Therapeutic Proteins – Oramed Story” on November 18, 2020

PR Newswire

NEW YORK, Nov. 12, 2020 /PRNewswire/ — Oramed Pharmaceuticals Inc. (Nasdaq/TASE: ORMP) (www.oramed.com), a clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, announced today that Nobel Laureate Prof. Avram Hershko and Oramed Chief Scientific Officer Dr. Miriam  Kidron will join Premas Biotech’s Co-Founder and Managing Director Dr. Prabuddha Kundu and Co-Founder and Chief Operating Officer Dr. Nupur Mehrotra in Part 2 of a webinar titled “Oral Delivery of Therapeutic Proteins – Oramed Story” on Wednesday, November 18, 2020 at 10:00 a.m. ET.  Prof. Hershko is a member of the Oramed Scientific Advisory Board.

Investors are invited to register for the webinar at:   https://lnkd.in/djXe94H

Throughout history, oral administration has been regarded as the most convenient mode of drug delivery, as it requires minimal expertise and invasiveness. Although oral delivery works well for small-molecule drugs, oral delivery of proteins and peptides has been limited by acidic conditions in the stomach and low permeability across the intestinal epithelium.

Oramed has made tremendous strides in the oral delivery of proteins and peptides, beginning with its oral insulin ORMD-0801 which is entering Phase 3 trials in the U.S.

On Wednesday at 10:00 a.m. ET, in the conclusion of a two-part webinar series, the session will focus on the “Oral Delivery of Therapeutic Proteins – Oramed Story”.

About Oramed Pharmaceuticals
Oramed Pharmaceuticals is a platform technology pioneer in the field of oral delivery solutions for drugs currently delivered via injection. Established in 2006, with offices in New York and Israel, Oramed has developed a novel Protein Oral Delivery (POD™) technology. Oramed is seeking to revolutionize the treatment of diabetes through its proprietary lead candidate, ORMD-0801, which has the potential to be the first commercial oral insulin capsule for the treatment of diabetes. The Company has completed multiple Phase II clinical trials under an Investigational New Drug application with the U.S. Food and Drug Administration. In addition, Oramed is developing an oral GLP-1 (Glucagon-like peptide-1) analog capsule, ORMD-0901.

For more information, please visit www.oramed.com.

Forward-looking statements:  This press release contains forward-looking statements. For example, we are using forward-looking statements when we discuss the potential of ORMD-0801 to be the first commercial oral insulin capsule for the treatment of diabetes or revolutionizing the treatment of diabetes with our products. In addition, historic results of scientific research and clinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. These forward-looking statements are based on the current expectations of the management of Oramed only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of clinical trials and product development programs; difficulties or delays in obtaining regulatory approval or patent protection for our product candidates; competition from other pharmaceutical or biotechnology companies; and our ability to obtain additional funding required to conduct our research, development and commercialization activities. In addition, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; delays or obstacles in launching our clinical trials; changes in legislation; inability to timely develop and introduce new technologies, products and applications; lack of validation of our technology as we progress further and lack of acceptance of our methods by the scientific community; inability to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties that may develop with our process; greater cost of final product than anticipated; loss of market share and pressure on pricing resulting from competition; laboratory results that do not translate to equally good results in real settings; our patents may not be sufficient; and finally that products may harm recipients, all of which could cause the actual results or performance of Oramed to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Oramed undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Oramed, reference is made to Oramed’s reports filed from time to time with the Securities and Exchange Commission.

Company Contact

Estee Yaari

+1-844-9-ORAMED
[email protected]

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SOURCE Oramed Pharmaceuticals Inc.

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The Princess Margaret Cancer Foundation presses start with Quest to Conquer Cancer

The new fundraising initiative encourages gamers, spectators and supporters of all abilities to raise funds through gaming for cancer research

Toronto, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Princess Margaret Cancer Foundation has kicked-off its new fundraising initiative, Quest to Conquer Cancer, to unite video game streamers, spectators and supporters all over the world to fundraise for cancer research through live gaming broadcasts. Quest will culminate in a week-long fundraising finale — Quest Together, Conquer Together — which will start on December 5 and run through to December 12.

All money raised through Quest to Conquer Cancer directly supports more than 1,300 researchers and scientists as they continue to push boundaries and set global standards in cancer care. This means earlier detection, advanced research, improved diagnostics to better understand the individual nature of each cancer and targeted treatments, ultimately leading to improved outcomes for cancer patients worldwide.

“Time and time again, we have seen the gaming community show passion and ingenuity to support charitable causes while doing what they love,” said Michael Burns, President and CEO at The Princess Margaret Cancer Foundation. “With Quest to Conquer Cancer, we want to inspire this community to play a key role in support of cancer research.”

Quest has no fundraising minimum and features game challenges, prize drops and a unique reward system for reaching fundraising milestones. All donations to streamers or through the Quest to Conquer Cancer website go directly to fund cancer research at The Princess Margaret Cancer Centre. This inaugural year’s goal is to raise $1 million.

The Princess Margaret Cancer Foundation is partnering with gaming leaders and brands, including Stonemountain64, Nick Eh 30 and Digital Extremes, to create unique gaming experiences throughout the Quest campaign. These events will act as touch points to bring the community together and celebrate supporters. Quest has already attracted the attention of esports organizations around the world, such as Chaos EC, Electrify Esports and BOOM Esports.

“Cancer is a disease that impacts everyone – whether it’s your mother, father, sibling or friend,” said David Steinberg, also known as StoneMountain64. “As a Quest partner, it’s been incredible to see gamers from all over the world come together, share their personal stories and raise funds in support of ground-breaking cancer research.”

In December, Quest Together, Conquer Together will bring content creators, esports organizations and game publishers together for a weeklong charity marathon stream and celebration. To unite participants from across the globe, Quest fundraisers will be encouraged to host their fundraising finale using the hashtag #QuestTogether.

“We did not become one of the top five cancer research centres in the world alone. We got here with the help of our community, which we’re thrilled to be expanding with Quest,” said Burns.

To learn more about this initiative or join as a Quest fundraiser, visit QuestToConquerCancer.com.

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About Princess Margaret Cancer Foundation

Princess Margaret Cancer Centre has achieved an international reputation as a global leader in the fight against cancer and delivering personalized cancer medicine. The Princess Margaret, one of the top five international cancer research centres, is a member of the University Health Network, which also includes Toronto General Hospital, Toronto Western Hospital, Toronto Rehabilitation Institute and the Michener Institute for Education at UHN. All are research hospitals affiliated with the University of Toronto. For more information: www.theprincessmargaret.ca

Ceilidh McMeekin
Princess Margaret Cancer Foundation
587-227-5459
[email protected]

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Envestnet and RiskPro® Announce Enablement of Enterprises to Mitigate Regulatory Risk from Advisor-Directed Portfolios

Scheduled to Go Live in Early 2021, the Integration Will Strengthen Transparency & Documentation Capabilities for Enterprises and Advisors

PR Newswire

NEWPORT BEACH, Calif. and CHICAGO, Nov. 12, 2020 /PRNewswire/ — RiskPro and Envestnet, Inc. (NYSE: ENV) announce an integration which will enable investment advisors to build and manage client portfolios with less regulatory risk. The strategic relationship between the two companies will allow RiskPro’s proposal generation, portfolio construction, and automated risk surveillance software to function within existing enterprise workflows on the Envestnet unified advice platform.

“This is not just an important strategic relationship—this is something much bigger that will set a new, higher standard for investment account suitability and regulatory transparency,” said Nick Scalzo, Co-Founder and Co-CEO of RiskPro. “Working together, RiskPro and Envestnet have the opportunity to provide more advisors across the country with tools that help align client portfolios with each client’s individual risk tolerance—increasing the likelihood of meeting client expectations, while reducing the enterprise’s regulatory risk and liability.”  

RiskPro’s Perpetual Suitability™ software (https://www.riskproadvisor.com/perpetual-suitability), which will be offered to Envestnet’s enterprise customers when the integration goes live in early 2021, helps advisors’ clients determine their own Personal Risk Budget™ (PRB) using a fully documented process that clearly defines risk in terms that clients can understand—maximum annual dollar gain or loss potential. Once a client’s PRB has been calculated, advisors affiliated with Envestnet enterprise customers can make investment recommendations with a 98% statistical probability that maximum risk tolerances will not be exceeded over any given 12-month period. This statistical probability applies to institutional model portfolios as well as to portfolios that investment advisors construct on their own.

RiskPro’s technology allows each enterprise to set its own surveillance rules for monitoring the risk of a client’s portfolio, as compared to the client’s PRB, on a daily basis. Enterprise home offices and the advisors are alerted if the risk of a client’s portfolio falls outside of the surveillance rules set by the enterprise, and all steps required by the home office for realignment are well-documented.

“Our strategic relationship with RiskPro will strengthen the essential advice that enterprises deliver to clients, while empowering their advisors to help clients achieve financial wellness,” said Blake Wood, Senior Vice President and Director of Product Strategy at Envestnet. “We consistently seek ways to broaden the data-driven intelligence we can offer advisors, and RiskPro’s technology solutions help advisors at enterprises make better, risk-managed investment recommendations for investors. This is what makes RiskPro an ideal strategic partner for Envestnet, and we look forward to the launch of our integration.”  

To learn more about Envestnet and RiskPro’s integration visit the Envestnet Advisor Summit site for a new technology session in the coming weeks: https://www.envestnet.com/advisorsummit.

About RiskPro

RiskPro® is a revolutionary technology platform that provides risk profiling, portfolio construction, and automated account surveillance. Serving as the World’s First Virtual Portfolio Strategist, RiskPro evaluates and communicates risk for investors, advisors, and home offices, utilizing a common language that is simple to understand. RiskPro was developed by ProTools, LLC., a RegTech innovator headquartered in Newport Beach, CA. To learn more about how RiskPro enables financial institutions to achieve Perpetual Suitability™, visit www.riskproadvisor.com or contact Jeff Olsen, President, at (949) 922-3764 or via email at [email protected]. Follow us on LinkedIn.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 105,000 advisors and more than 5,100 companies including: 17 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies—leverage the Envestnet platform to grow their businesses and client relationships.

For more information on Envestnet, please visit www.envestnet.com, subscribe to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.

RiskPro and Envestnet are separate and unaffiliated firms, and are not responsible for each other’s services or policies.  This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.

Media Contacts

Julie Mochan, AIF®
RiskPro®
949.259.6928
[email protected]

Dana Taormina

JConnelly for Envestnet
973.647.4626
[email protected]

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SOURCE Envestnet, Inc.; RiskPro