David Rapp Email & Phone Number

Greensboro, Nc, Us

Greensboro--Winston-Salem--High Point Area

Customized investment portfolio construction and rebalancing.Conducted client annual & semi-annual goal, risk and performance reviews.Retirement planning for future and present cash needs.Solutions for growing retirement assets, and providing income.Efficient systems execution utilizing multiple portfolio planning platforms. Branch team planning and execution of growth strategies.

Greensboro/Winston-Salem, North Carolina Area

Project management for entities seeking program changes and project implementations. Operations review for business process changes to meet compliance requirements. Financial Analysis of potential projects and OSS implementations.

Greensboro

Momentum is a national consulting firm and dedicated advanced planning group that brings turn-key tax planning solutions to advisory firms, successful families, and businesses.Partnered with investment advisory firms to meet the specialized and complex planning needs of high net worth clients via customized proposals for unique client solutions.Areas of core competency include:Advanced Tax PlanningActuarial DesignInsurance Architecture

Greensboro/Winston-Salem, North Carolina Area

Led team of specialists to comply with public law, rules, notices and forthcoming proposals regarding retirement case management for thousands of government employees every month with the Office of Personnel Management. Process alignment and improvement based on audit of results of multiple classes of retirement case submissions. Analyzed and configured workflows for operations center gaining 22% efficiencies based on Lean Six Sigma principles. Management and oversight of daily progress reports, recovery files and staff optimization. Planning and organizing daily workflow in federal pension calculations, life insurance elections and retirement benefits. Liaison for problem resolution between inter-governmental entities such as DOL, DFAS and OPM.

Greensboro/Winston-Salem, North Carolina Area

Led office operations and production of personal and business tax returns compliant to IRS regulations, resulting in zero audits. Developing and managed talent in a team of six. Led budgeting, marketing and profit margins for branch office.

Performed complex compliance analysis in collaboration with senior management and General Counsel in the development and implementation of policies and procedures to ensure compliance with applicable insurance laws, regulations and corporate guidelines. Effectively reviewed internal controls and conducted operational risk audits to insure compliance and avert penalties. Responsible for contract review, edit, approval and regulatory filings and disclosures. Successfully established new policies around multiple regulations including GLBA, FCRA, AML, FCPA, OFAC, Red Flags Rule et al. based upon risk analysis. Researched and implemented division specific compliance needs during stressed economic era with new/developing regulations.

Analyzed financial institution risk needs and proposed comprehensive fully underwritten risk management insurance programs to executive management. Partnered with major banks, credit unions and mortgage bankers to wholesale AIG products for cross-sale to the lender's clients. Hired licensed agents and developed a call center to retail AIG suite of products to United Guaranty's client base.

Greensboro/Winston-Salem, North Carolina Area

Managed all case design, sales support and regulatory compliance for wealth advisory firm with emphasis on FINRA and Insurance laws. Designed compliant, innovative and profitable financial solutions for affluent clients including wealth transfer, estate planning, business succession and executive benefits utilizing extensive case design along with legal, trust and accounting collaboration. Designed qualified and non-qualified strategies to meet changing market demands. Interpreted plan documents such as wills, trusts and insurance policies to determine funding vehicles in which to meet client goals and objectives. Performed quarterly reviews to ensure funding adequacy and due diligence on financial services companies and their products to ensure they met affluent client specification requirements and safety. Analyzed implications of accounting, legal and legislative changes and their impact on current accounts.

Responsible for marketing Wachovia's correspondent clearing capabilities to Registered Investment Advisors, other Broker/Dealers, and Banks. Managed relationships with Midwest Stock Exchange, CBOE and NYSE and affiliated market makers.Sold cash management strategies to Fortune 100 firms including corporate stock repurchase, incentive stock option exercise programs and general brokerage activities increasing their rate of return on float. Advised firms on regulatory environment. Effectively presented, marketed and closed product/service offerings to corporate executive finance officers and institutional prospects.

Grew sales and maintained profit of Wachovia Investments division to $32MM Net Revenue with 55% profit contributions. Led sales team in marketing, training, and performance evaluations growing sales force by 30%. Successfully integrated direction for combined sales forces of one full service brokerage channel and two bank discount channels in response to merger, improving sales per employee by over 20%. Created and executed divisional direction in Marketing, Training, and Sales strategies including Legal and Compliance directives. Member of Investment Product Working Committee performing due diligence on product offerings for sale.

Advised, trained and supervised 40+ brokers in trading procedures and loss prevention adhering to all SEC, FINRA and MSRB regulations. Accurately verified equity and option orders for suitability/accuracy/compliance before executing and directing trade flow to market makers. Principle for account restrictions, cashiering/margin guidelines, compliance. Options Principal responsible for approving derivative account activation, trade authorization and directing customer strategy while minimizing firms' risk/exposure. Implemented numerous securities industry procedures and modifications such as 1/16th spread, decimalization, best price executions, after hours trading and competitive landscape analysis. Managed trading floor during systems integration and operations conversion throughout brokerage merger and acquisition, reducing cost of sales by 28%.

Created financial franchise by studying market demographics and establishing a marketing program for targeted financial client base. Built vendor relationships via wholesale representatives with national money management firms. Analyzed customer's current portfolio, reallocated assets and advised customers on strategies to meet their long term financial goals. Sold financial products including fixed income, mutual funds, fixed and variable annuities to retail clients of the bank. Liaison to trust, corporate and business bankers. Trader on trading desk for US Treasuries, Bankers Acceptances, Commercial Paper, Municipal securities and Mortgage Backed Securities. trading and sales. Trained in municipal securities competitive bid underwriting processes.

Managed fiscal responsibility for $44,000,000 in deposit assets and $8,000,000 in commercial and personal loans. Established branch employee revenue and expense goals, as well as career objectives for 12 employees. Solicited 161% increase in loans and 55% increase in deposits while achieving a 100% reduction in overtime pay and business charge-offs. Mortgage Underwriting for the bank's portfolio and securitized loans sold on the secondary market. Nominated to a product team that researched, performed due diligence and brought to market a new corporate money market deposit account.

Certificate, Finance

Certificate, Advanced Project Management

Certificate, Project Management

B.S., Business Administration & Economics