Today in Bloomberg Deals: Asian companies keep it local on ECM issues, Thyssenkrupp gets offer for steel division and UBS weighs its options https://t.co/MDF9gbytKx ...

Core Viewpoint - UBS is exploring all options to address the capital requirements proposed by the Swiss government and plans to submit formal comments by the end of the month [1] Group 1 - UBS's CFO Todd Tuckner indicated the company's proactive approach in responding to regulatory changes [1]

Core Insights - LPL Financial LLC has announced the launch of a new independent practice, Ox Road Capital, by financial advisors Jeffrey S. Allen, Steve N. Armaly, Brian A. Blackburn, and Michael S. Lee, who collectively manage approximately $1.25 billion in advisory, brokerage, and retirement plan assets [1][2][12] - The team, based in Greenville, S.C., has nearly 100 years of combined experience and serves a diverse national client base, including ultra-high-net-worth individuals and various professionals [2][3] Group 1: Team Formation and Philosophy - The team was formed in 2016, leveraging individual strengths to create a collaborative environment focused on client relationships rather than transactions [3][4] - Decision-making within the team is based on unanimous agreement, emphasizing a structured approach to financial planning [3] Group 2: Transition to LPL Financial - The advisors chose to affiliate with LPL Financial's Strategic Wealth Services to build a legacy and establish their own brand, moving beyond the traditional employee model [4][6] - LPL's supported independence model offers a combination of entrepreneurial freedom and comprehensive business support, which was a significant factor in their decision [5][6] Group 3: Support and Resources - LPL Financial provides a wealth management platform that includes technology, simplified pricing, and dedicated operational support, allowing advisors to focus on client needs [6][7] - The transition process includes access to a dedicated team for ongoing support in various business aspects, enhancing the advisors' ability to serve their clients effectively [6][7] Group 4: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and managing approximately $1.9 trillion in assets [10][12] - The firm offers a range of advisor affiliation models and practice management services, ensuring flexibility for advisors to choose the best resources for their businesses [10]

Core Insights - Helius Medical Technologies has successfully raised over $500 million in a private financing round to establish a treasury focused on Solana, co-led by Pantera Capital and Summer Capital [1][7] - The treasury aims to accumulate Solana's SOL token as its primary reserve asset, with a goal to expand its value to over $1.25 billion through various financial strategies [2][8] - Following the announcement, Helius shares surged over 200% in pre-market trading, while Solana's price experienced a slight dip of around 4% [2][7] Treasury Strategy - The treasury will utilize Solana's SOL token, which offers a ~7% native staking yield, to implement staking, lending, and decentralized finance (DeFi) strategies [4][9] - Helius plans to grow its SOL position over the next 12–24 months, supported by a capital markets program that includes at-the-market sales and warrant-linked financing [5][11] - The strategy reflects a growing institutional confidence in Solana as a viable blockchain infrastructure for capital markets [10] Leadership and Oversight - The initiative will be overseen by Joseph Chee, Founder of Summer Capital, who will serve as Executive Chairman, alongside Dan Morehead from Pantera Capital as a Strategic Advisor [5][8] - The leadership aims to maximize shareholder value by leveraging Solana's strengths in speed, scalability, and financial productivity [5][11] Market Impact and Future Outlook - Helius' treasury strategy is compared to MicroStrategy's approach of holding Bitcoin as a reserve, but with a focus on Solana's yield-generating capabilities [9][10] - If successful, Helius' Solana treasury could become a significant player in institutional digital asset management, combining public market fundraising with blockchain-native reserves [11] - Investors will closely monitor Helius' progress towards its $1.25 billion target and the performance of Solana's network to gauge ongoing institutional confidence [11]

Well, UBS Asset Management has a bullish outlook on the market with the Fed decision on interest rates less than 48 hours away. Evan Brown is the firm's head of multiasset strategy. Evan, welcome back to the show.>> Thank you, Melissa. >> Um, so I assume that you're in the you expect a Fed cut this week, correct. >> Yeah, I think we'll get 25 basis points.>> What do they say after. >> Yeah, that's the big question. I mean, I I think it's going to be difficult very difficult for them to meet how much uh rate ...

Core Viewpoint - UBS Group AG is considering relocating its headquarters from Zurich to the United States due to proposed stricter capital requirements by Swiss regulators [1][8]. Regulatory Changes - In June 2025, Switzerland's Federal Department of Finance proposed that UBS should fully capitalize its foreign subsidiaries, increasing the requirement from 60% to 100%, which could raise UBS's common equity tier-one capital by up to $26 billion [2]. - The Swiss government aims to strengthen the stability of the banking system and prevent crises similar to Credit Suisse, with reforms still subject to consultation and parliamentary approval, not expected to be implemented before 2028 [3]. Potential Relocation - UBS has held preliminary discussions with U.S. officials regarding a potential headquarters move, which could provide a more flexible regulatory environment and may involve acquiring or merging with a mid-sized U.S. bank [4][8]. - UBS emphasizes its intention to remain a global bank headquartered in Switzerland while exploring options to protect shareholder and stakeholder interests if the proposed rules are enacted [4]. Integration of Credit Suisse - UBS is progressing with the integration of Credit Suisse, having merged 95 Swiss branches and achieved $9.1 billion in cost savings since the end of 2022, representing about 70% of its $13 billion target set for completion by 2026 [5]. - Despite legacy legal costs from Credit Suisse, UBS is on track to complete the integration by 2026, reinforcing its wealth management dominance and capital position [5]. Market Performance - Over the past year, UBS shares have increased by 36.7%, slightly outperforming the industry growth of 36.3% [7].

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The Swiss upper house on Monday rejected a plan to submit all incoming UBS capital rules to parliament, clearing the way for the government to directly issue measures that could increase UBS's core ca... ...

NORWALK, Conn., Sept. 15, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS | NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced that J.P. Morgan and Barclays analyst reports are now available as part of FactSet’s aftermarket research (AMR) offering. J.P. Morgan and Barclays research complements FactSet’s existing AMR offering—which provides reports from more than 1,800 top brokers globally, including UBS, Macquarie, Canaccord Genuity, Scotiabank, RBC, Deutsche Bank ...

Swiss lawmakers will vote on a second attempt to delay new rules for bank capital quality which are set to lift capital requirements for UBS by some $3 billion https://t.co/8Len6QAblc ...