There’s nothing worse than giving a frontline officer ‘stale’ information on a prospect or donor. Imagine scheduling a visit only to find the prospect has changed jobs or companies, or the data you’re working with is from two or three years ago. Your advancement teams need real-time alerts on Wealth Disclosures and Career changes.

Many efforts in prospect research and wealth screening focus only on compensation and stock sales, but there’s much more to be learned from specific elements of SEC filings. Where press releases and news can be rather generic in reporting a new hire, filings deliver the details.  Recently a well-known company, hired a new C-Level person. The press release read like this:

Ally Financial names Michael Rhodes as CEO

Wed, 27 Mar 2024 16:12:00 -0400 | PRNewswire

With more than two decades of experience in consumer banking, Rhodes poised to lead Ally into the next stage of its evolution.

CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ — Ally Financial Inc. (NYSE:ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally’s board of directors at that time. 

“I have long admired Ally’s transformational approach to digital banking and its leading position in automotive finance. The bank has successfully harnessed the power of technology to create financial solutions for its customers and communities consistent with its ‘Do It Right’ mantra. I am so pleased the Board has put its trust in me to continue advancing Ally’s strategy alongside the strong leadership team,” said Rhodes. “I am eager to roll up my sleeves and, together with more than 11,000 Ally teammates, get to work.”

Rhodes brings to Ally over 25 years of experience across retail and consumer banking and has a track record of delivering transformative digital, data, and technology strategies. . . .

Yes, press releases will highlight a career change . . . but not the salary, bonuses, and shares that go with the appointment.

While 8-K filings offer valuable insights into career transitions, did you know not just any 8-K will do? Only those with Item 5.02 provide details on executive and director changes, promotions, and compensation adjustments. 

Kaleidoscope’s Insider Focus is supported by the broader SEC database, to become the go-to source for alerts on changes within your network of insiders, as well as new appointments in your alumni pool from SEC filings and news. Here’s just a quick glance of what is delivered in real-time via email:

SEC alert data

Insider Focus is a proven valuable asset that allows advancement teams to easily access real-time wealth data, bios, business affiliations, and other relevant information from SEC filings. By providing interactive links to board affiliations, company news, offer letters employment and severance agreements, researchers can save valuable time by avoiding the need to scour multiple websites for specific wealth data.

When timing and accuracy are crucial, easily access a holistic view of past, present, and potential future wealth, compensation, and gifting trends. This thorough understanding of donors’ financial status empowers development officers to strategically time their requests, maximizing the opportunity for charitable giving.

For an up close and personal free demo, sign up today!