Patrick Dehaven Email & Phone Number

St. Louis, MO, US

St Louis, Missouri, United States

St Louis, Missouri, United States

• Coordinate/facilitate the development of the annual Financial Advisor (FA) pricing plans for independent practices, valuation of FA/Practice recruiting deals – Redesigned FA pricing plan implemented in 2020.
• Collaboration with Financial Advisors and Practices in developing strategies for growth through mergers, acquisitions and organic growth.
• Consult, manage and monitor the Recruiting Deal process. This is inclusive of ideation/evaluation of deal economic parameters, oversight of pro formas generation for prospects and the facilitation of legal agreements.
• Partnering to expand the capabilities of Wells Fargo Advisors Channel Transfer program allowing for choice in how financial advisors best serve their clients. Changes eased the complexities/restrictions for a Financial.
• Lead various operational functions that support how WFAFN interacts with Financial Advisors. Areas consist of Field Communications, E&O/Cyber plans providing coverage for operational losses, Business Continuity.

• Coordinated and consolidated the annual budget/monthly forecasting process across Independent Brokerage’s channels for approximately $1.3B of net revenue.
• Facilitated and presented financial reporting packages to senior leadership and members of the Operating Committee by creating a metric based approach to view financial information and assist in various business.
• Coordinated/facilitated the development of the annual Financial Advisor (FA) pricing plans for independent practices, valuation of FA/Practice recruiting deals and compensation plans for our call center centric.
• Participated in various work streams as the Finance lead for the development of business strategies generating income through increased revenues/lower expenses. Work streams have consisted of Client Segmentation.
• Led the WFA Finance team’s participation in the firm’s Recovery Resolution Planning (RRP) activities required by the Dodd-Frank Act.
• Expanded FA/Practice profitability reporting to be systematic, allowing for deeper analytics when periods of contract renegotiations open. The creation of automated reporting is a combination of metric driven.

• Coordinated and consolidated the annual budget/monthly forecasting process across Brokerage’s channels for approximately $8.0B of net revenue.
• Facilitated and presented the monthly financial reporting packages to senior leadership and members of the Operating Committee. Implemented process and control enhancements in the monthly forecasting and reporting.
• Collaborated with key members within Finance and the line of business on various firm initiatives during the evaluation and implementation stages of firm initiatives.
• Led for the Brokerage’s portion of the semi-annual Comprehensive Capital Analysis and Review (CCAR) required by the Federal Reserve.
• Expanded Balance Sheet analysis and review through the development of stronger reporting and deeper understanding of the products that are available for the business to sell.
• Enhanced connectivity between Brokerage’s channels through the development of relationships and creating more transparency in current processes.

• Managed and monitored compliance with Sarbanes-Oxley on a quarterly basis through control testing, revision of process narratives and documenting proposed remediation plans for identified deficiencies. Facilitated.
• Reviewed current operational and finance related processes and procedures to ensure the appropriate controls exist. Managed and monitored the issuance of the SSAE16 SOC1 report (formerly known as SAS 70) for First.
• Managed the preparation of account reconciliations utilizing an offshore contracted accounting team.

• Monitored the performance of Wells Fargo Advisor’s 3 legal entities through the preparation and review of the monthly, semi-annual, annual financial statements and compilation of monthly forecasts. Coordinated the.
• Managed and monitored legal entity financial statements during the close process to ensure reasonableness of recorded amounts and propriety of balances. Prepared monthly reporting packages for Wachovia’s joint venture.
• Complied with various departmental and corporate control objectives, including proper documentation of processes and completion of other control related tasks (Sarbanes-Oxley).

• Managed and consolidated the annual budget/monthly forecasting process across 4 reporting segments for approximately $1.5B of revenue globally during Solutia’s emergence from bankruptcy. Reviewed and compiled monthly.
• ESSBASE Administrator for the Hyperion reporting system used to report segment results, budgeting/forecasting and tracking of Key Performance Indicators. Ensured financial reporting hierarchies were properly updated.

• Managed an implementation plan to enhance the month-end financial statement close processes. Streamlined reporting for A.G. Edwards net revenue of approximately $3.1B. Managed the reorganization of the general ledger.
• Reviewed and compiled A.G. Edwards Trust Company financial statements determining proper accounting for account balances. Also, modified procedures for the quarterly budget review to allow management to make more.

• Managed subsidiary reporting for Edward Jones Trust Company, Edward Jones Canada, Edward Jones UK business along with the consolidation of The Jones Financial Companies, net revenue of approximately $3.8B. Assisted in.