Core Insights - Robinhood Markets' shares have declined nearly 30% this year, primarily due to sell-offs in cryptocurrencies, particularly Bitcoin, which has dropped from approximately $88,000 to nearly $68,000 [1][9] - The company's transaction revenues are significantly impacted by crypto trading, leading to a 44% year-over-year decline in crypto Daily Average Revenue Trades (DARTs) to 0.5 million in January 2026, and a 38% drop in crypto revenues in Q4 2025 [2][9] Company Performance - Robinhood's focus on the cryptocurrency sector includes increased tokenization and platform enhancements, aiming for greater cost efficiency and revenue growth [6] - The acquisition of Bitstamp and the upcoming WonderFi deal align with Robinhood's strategy to expand its crypto services across the European Economic Area [7][9] - Despite the recent downturn in crypto, Robinhood's crypto revenues are positioned for growth due to rising investor interest in cryptocurrencies [8] Competitive Landscape - Unlike Robinhood, competitors like Charles Schwab and Interactive Brokers have performed better during the crypto sell-offs [3] Business Diversification - Robinhood is transitioning from a brokerage focused on digital assets to a more diversified financial services platform, reducing reliance on transaction-based revenues from 75% in 2021 to 59% in 2025 [17] - The company is expanding into prediction markets and has acquired a 90% stake in MIAX Derivatives Exchange to launch a dedicated futures and derivatives exchange by 2026 [18] Product Innovation - Major product launches in 2025 include Robinhood Cortex, an AI assistant, and the Legend platform for advanced trading [14] - The introduction of banking services and a Gold credit card aims to position Robinhood as a digital banking alternative [15] Financial Health - As of December 31, 2025, Robinhood reported cash and cash equivalents of $4.26 billion, indicating a strong balance sheet [21] - The company initiated a share buyback plan, with plans to repurchase up to $1.5 billion of its outstanding common stock [22] Market Outlook - Analysts have turned bearish on Robinhood due to concerns over crypto sell-offs, with revised earnings estimates for 2026 and 2027 at $2.36 and $2.82 per share, respectively [23] - Despite the challenges, Robinhood's ongoing business transformation and global expansion efforts position it as a next-generation fintech platform [28]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Merchant Investment Management, a New York-based private partnership that provides growth capital and other support to independent financial services firms, has taken a minority stake in IFC Advisors, a Los Angeles-based registered investment advisor with about $2.5 billion in client assets. IFC was founded in 2024 by a group of breakaway advisors from Wells Fargo, including Marc Ackerman, ...

Group 1: Envestnet's Cybersecurity Leadership - Envestnet has appointed Rich Friedberg as the Chief Information Security Officer (CISO) to oversee its cybersecurity protocols, bringing over 25 years of experience in cybersecurity within financial services and national security [2] - CEO Chris Todd emphasized that security, including cybersecurity, is foundational to trust and wealth management, highlighting the strategic importance of Friedberg's role [2][3] - Friedberg will report to the Chief Technology Officer and lead the enterprise information security strategy, focusing on cyber risk management and AI-enabled security operations [3] Group 2: Evolve Private Wealth's Growth and Leadership - Brett Cohen, a former Senior Vice President at Morgan Stanley, has joined Evolve Private Wealth as a managing partner, managing approximately $800 million in client assets during his tenure at Morgan Stanley [4] - Evolve Private Wealth, founded in 2022 and fully independent since January 2025, now manages over $2.5 billion in assets and has a team of 22 employees, expanding its national footprint with Cohen's addition [5] - Cohen specializes in wealth management services for business owners and multigenerational families, focusing on investment strategy, tax planning, estate coordination, and strategic business advice [6]

Four wealth advisers point to promising areas in a nervous market. https://t.co/tt2MqF3jEx ...

Core Insights - LPL Financial LLC has welcomed Jason Mochi from Shoreline Private Wealth Management, which manages approximately $275 million in advisory, brokerage, and retirement plan assets, transitioning from Morgan Stanley [1][2]. Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and approximately 1,200 financial institutions, with around $2.4 trillion in brokerage and advisory assets for about 8 million Americans [6]. Client Focus and Service Model - Shoreline Private Wealth Management emphasizes a personalized, family-focused service model, prioritizing long-term relationships and comprehensive planning over transactional interactions [3][4]. - Jason Mochi's approach to wealth management is characterized by listening, disciplined strategy, and independent judgment, aligning with clients' long-term goals [2][4]. Strategic Partnership - The decision to partner with LPL was driven by its scale, platform strength, and support for a high-touch, client-first service model, allowing Shoreline to deliver customized advice without compromise [3][4]. - LPL's commitment to providing innovative technology and comprehensive business solutions aligns with Shoreline's focus on independence and personalization in client service [4].

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UK retail bank NatWest has for years made most of its income from collecting interest on mortgages and other loans. It and many other banks want to change that by pushing further into wealth management, with its steady flow of fees https://t.co/KBKvlYUKmR ...

Core Insights - Mevus Capital has announced an expansion of its cross-border client support capabilities to better serve clients with financial interests across multiple jurisdictions [1] - The initiative aims to provide clearer oversight and consistent guidance for clients managing complex global financial arrangements [3][4] Group 1: Client Support Expansion - The enhanced framework is tailored for individuals and families with financial lives that span multiple countries, including those managing international investments or relocating [2] - The expansion includes improved documentation standards and structured review processes to help clients understand the impact of decisions in one jurisdiction on their overall financial position [4] Group 2: Internal Coordination and Advisory Processes - Mevus Capital is strengthening internal coordination and advisory processes to align investment management and planning considerations across relevant jurisdictions [3] - Increased internal resources have been allocated to monitor cross-border considerations that may influence long-term planning and portfolio decisions [4] Group 3: Wealth Management Approach - The move reflects Mevus Capital's broader approach to wealth management, emphasizing sound decision-making and long-term client objectives rather than short-term activities [5] - The firm focuses on building close, long-term relationships with clients, organizing assets, and defining clear objectives [6]

Financial Data and Key Metrics Changes - The company reported gross revenues of BRL 19.5 billion in 2025, an 8% increase year-over-year [9][33] - Adjusted net income for Q4 2025 was BRL 1.3 billion, and BRL 5.2 billion for the full year, representing a 15% expansion year-over-year [10][38] - The return on equity (ROE) reached 23.9% in 2025, a 94 basis points increase compared to 2024 [11][40] - The year-end BIS ratio was 20.4%, indicating a strong capital position [11][41] Business Line Data and Key Metrics Changes - Retail revenues totaled BRL 3.9 billion in Q4 2025, up 8% year-over-year, and BRL 14.6 billion for the full year, also an 8% increase [33][34] - Corporate and issuer services revenue reached BRL 895 million in Q4 2025, a 49% increase year-over-year, and BRL 2.7 billion for the full year, up 19% compared to 2024 [35][36] - The wholesale bank has become a key pillar of the company's strategy, integrating investment banking and institutional access [27][28] Market Data and Key Metrics Changes - Total client assets, including AUM and AUA, reached BRL 2.1 trillion, representing a 22% growth year-over-year [21] - Retail net new money was BRL 20 billion, while corporate and institutional net new money totaled BRL 12 billion, amounting to BRL 32 billion for the period [21][22] - The company faced challenges with small and medium enterprises withdrawing BRL 3 billion in investments, but individual client inflows totaled BRL 23 billion [22] Company Strategy and Development Direction - The company aims to become Brazil's leading investment platform by 2033, focusing on market share and democratizing wealth planning for retail clients [51][52] - A third wave of strategy is being implemented to enhance service models and client segmentation, moving away from a product-driven approach [52][54] - Continued investments in technology and advisor training are expected to drive growth and improve service quality [18][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing future opportunities despite a challenging environment for 2026 [7][22] - The company is focused on maintaining strong returns while expanding its credit offerings and addressing the needs of small and medium enterprises [29][45] - Concerns were raised regarding recent irregularities in the financial system, with a commitment to support structural improvements [46][48] Other Important Information - The company returned BRL 2.4 billion to shareholders through dividends and buybacks in 2025 [39] - Adjusted EPS for Q4 was BRL 2.56, growing 15% year-over-year, and for the full year, it reached BRL 9.81, an 18% increase [40][41] - The company is launching new products, including a proprietary dollar-backed stablecoin and expanding its insurance offerings [23][24] Q&A Session Summary Question: Ambition to become Brazil's leading investment platform by 2033 - The company aims for market share leadership by 2033, with plans indicating the ability to achieve this in seven years through democratizing wealth planning and enhancing service models [51][52] Question: Impact of entry into the controlling group - The CEO stated that there is no change in management style or operations, emphasizing stronger alignment among executives [54] Question: Impact of CVM's recommendation on RLP business - Management views the removal of caps on orders as positive for the RLP business, enhancing market-making capabilities [60][62] Question: Tax increases and their relation to revenue mix - The CFO clarified that the increase in taxes is due to the revenue mix, particularly from corporate and issuer services, and not related to structural changes [63][64] Question: Strategy to capture volumes from Banco Master reimbursements - The company is seeing a significant inflow from Banco Master, retaining over 85% of the funds, and will disclose net new money figures in Q1 [68][69]

Financial Data and Key Metrics Changes - Underlying net income reached CAD 1.1 billion, contributing to underlying earnings per share growth of 17% year-over-year and underlying return on equity of 19.1% [5][15] - Total company reported net income was CAD 722 million, 34% lower than underlying net income, primarily due to market-related impacts [17] - Full-year underlying earnings growth was 9%, with a 17% increase in new business contractual service margin [12][29] Business Line Data and Key Metrics Changes - SLC Management achieved CAD 242 million in underlying net income, exceeding its investor day target of CAD 235 million [6] - Group Health and Protection underlying earnings increased by 16% year-over-year, driven by stabilization in claims experience [16] - Individual protection underlying net income rose by 17%, supported by favorable mortality experience in Asia and the U.S. [16] Market Data and Key Metrics Changes - In Asia, protection sales grew by 50% year-over-year, with standout markets being Hong Kong and Indonesia [8][29] - In Canada, gross sales in wealth businesses were up 46% year-over-year, driven by strong results in Group Retirement Services and individual mutual funds [7][24] - U.S. Medical Stop-Loss business saw robust sales growth of 58% [9][25] Company Strategy and Development Direction - The company is focused on a balanced and diversified growth strategy, with a commitment to digital transformation and enhancing client experiences [10][11] - The introduction of a management equity plan for SLC aims to motivate and retain talent in the alternative asset management space [6] - The company plans to complete the buyouts of BGO and Crescent Capital in the first half of 2026, strengthening its alternative asset management platform [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business mix and disciplined execution of long-term strategies, despite a complex operating environment [14] - The company anticipates continued strong earnings growth aligned with medium-term objectives, with a focus on organic capital generation and prudent risk management [11][30] - Management highlighted the importance of maintaining a strong capital position, with a LICAT ratio of 157% [5][18] Other Important Information - The company achieved Great Place to Work recertification in nine countries, emphasizing its commitment to culture and employee satisfaction [11] - The asset management platform ended the year with CAD 1.2 trillion of third-party assets under management and administration [13] Q&A Session Summary Question: Regarding stop-loss experience and future improvements - Management noted a modest improvement in the loss ratio and expressed confidence heading into 2026 [33][36] Question: On pricing increases in stop-loss and dental - Management confirmed a 17% average price increase on renewal business, which aligns with target margins [40][42] Question: Capital deployment strategy and buybacks - Management emphasized a disciplined approach to capital deployment, prioritizing organic growth and completing private asset affiliate purchases before resuming share buybacks [45][50] Question: Strategy for growth in the dental market - Management highlighted a strong distribution footprint and growth in the commercial dental segment, expecting continued expansion [61] Question: Insights on stop-loss market dynamics - Management acknowledged a hardening market and competitive dynamics, emphasizing their strong capabilities and historical low loss ratios [92]