In this episode of Money Tales, our guest is Ned Montenecourt. At the age of 30, Ned and his siblings went through a life-altering event. Their dad died suddenly. In the wake of that disaster, they learned that the vacation cottage that their family owned for more than 100 years might have to be sold to cover the resulting estate tax. Worse than that, their sister was disinherited. Decades later, they have yet to fully recover their relationship with her.
Ned Montenecourt, CRCP, is Senior Vice President and Chief Risk and Compliance Officer at Phoenix American. He is responsible for managing all aspects of the firm’s risk and compliance framework as well as helping to hone the firm’s business strategy. He has vast experience designing, building, and implementing risk control programs at financial services entities ranging from start-ups to large public institutions. His expertise centers on systems integration, supervisory controls, process automation, regulatory training, regulatory and audit exam management and operational risk. Ned also serves as an advisor to Legacy Foundry, a software platform where families and their advisors can plan for longevity and end-of-life.
Previously, Ned was the Chief Compliance Officer for BlackRock’s Distribution and Execution entities. Prior to his time at BlackRock Ned held executive compliance and risk roles at Bank of America/Merrill Lynch and Deutsche Bank in NY. He has a BS and BA, Finance and Architecture, from Lehigh University and is a graduate of the CRCP Executive Education Program in conjunction with FINRA from University of Pennsylvania – The Wharton School Executive Program.