Luke Mikles Vice President – Financial Strategies The Baker Group LMikles@GoBaker.com Mikles joined the firm in 2019, serving in the Interest Rate Risk Department before moving to the Financial Strategies Group in 2023. There he assists institutions with the risk management process and speaks at Baker’s educational seminars. Mikels earned his bachelor’s degree from the University of Central Oklahoma. The Baker Group is a Preferred Service Provider of the Indiana Bankers Association and an IBA Diamond Associate Member. dollars will continue into a similar product or possibly flow out into something else. For example, we have seen a migration of non-maturing deposits into CDs over the last two years. Will this trend start to reverse as rates fall? The review of model assumptions is by far one of the most important pieces of the ALM process. While it may not have seemed important in the past to discuss falling rate assumptions, considering rates were near zero for so long, it is at the forefront of the interest rate risk world now. Understanding how institutions will operate as rates fall will have a direct impact on modeling and, thus, a direct impact on model outputs. The more accurate the assumption, the more useful the model when it comes to making informed decisions for institutions. In this current environment, this discussion around assumptions can help put an institution on the best path forward. WE’VE GOT THE TOOLS. YOU’VE GOT THE TALENT. Retaining top talent is a key issue in this competitive environment. Leaders understand the value of compensation and executive benefits and acknowledge their impact in driving retention. Still, there is a constant need to balance offerings with their bottom line. * 2023 NFP Executive Compensation and Benefits Trends Study Contact Todd Andritsch at todd.andritsch@nfp.com or 317.517.5000 executivebenefits.nfp.com Insurance services provided by Equias Alliance, LLC, a subsidiary of NFP Corp. (NFP). Doing business in California as Equias Alliance Insurance Services, LLC, (License #0H52337). Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Kestra IS is not affiliated with Equias Alliance LLC or NFP. Investor Disclosures: kestrafinancial.com/disclosures 92% of business leaders feel executive benefits have been successful in retaining top talent.* SEPTEMBER/OCTOBER 2024 47
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