Let's talk about it with Mark Dolman. He is helping professional athletes manage and invest their money. He just had a client get drafted, by the way, in the first round of the NBA last night. He's got a pair of first rounders in the NBA from a year ago.And Mark is on set with us. He is a managing director at creative planning which is itself interesting because I don't think of creative planning and Peter and all the great team that you guys have as financial planners being in the sports world but there's ...

Core Insights - LPL Financial LLC has welcomed financial advisor Jason Wyatt, who has approximately $180 million in advisory, brokerage, and retirement plan assets, to launch Wyatt Wealth Management [1] - Wyatt has over 30 years of experience in the financial industry and focuses on providing personalized wealth management services, particularly for clients nearing or in retirement [2] - The move to LPL Financial allows Wyatt to regain independence and offer non-proprietary investment products, enhancing the client experience [4] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,200 financial institutions [6] - The firm services and custody approximately $1.8 trillion in brokerage and advisory assets for around 7 million Americans [6] - LPL Financial provides various advisor affiliation models, investment solutions, fintech tools, and practice management services to help advisors run successful businesses [6]

Ameriprise Financial Overview - Ameriprise Financial has $1.5 trillion in total assets under management, administration, and advisement[7] - Ameriprise Bank, FSB holds over $24 billion in assets[8] - The company has $198 billion life insurance in force[8] - Ameriprise Financial's market capitalization has increased from $8.8 billion at spin-off to $46.4 billion[8] Financial Performance - Advice & Wealth Management contributed 65% to the company's pretax adjusted operating earnings in 2025, amounting to $3.263 billion[19, 85] - Asset Management accounted for 19% of pretax adjusted operating earnings in 2025, totaling $955 million[19, 92] - Retirement & Protection Solutions represented 16% of pretax adjusted operating earnings in 2025, which is $742 million[19, 85] - The company's adjusted operating earnings excluding annual unlocking were $3.681 billion in the trailing twelve months ending March 31, 2025[88] - Ameriprise Financial returned $12.2 billion of capital to shareholders over five years[22] Wealth Management - Wealth Management client assets reached $1.023 trillion in 2025[44] - Wealth Management pretax adjusted operating earnings were $3.263 billion in 2025[44] - Wealth Management adjusted operating net revenue was $11.0 billion in 2025[44] Columbia Threadneedle Investments - Columbia Threadneedle has $657 billion in Assets Under Management and Advisement[56]

Core Insights - LPL Financial LLC has welcomed financial advisors Mike Trudeau, Matt Merrick, Ben Ollila, and Ben Prchal to its platforms, bringing approximately $220 million in advisory, brokerage, and retirement plan assets [1][2][3] Group 1: Advisor Background and Experience - The advisors have a combined experience of three decades in the financial industry, with Trudeau, Merrick, and Ollila collaborating since 2009, while Prchal joined the industry in 2021 [2] - The team focuses on a holistic approach to financial planning, particularly for clients nearing or in retirement [2][3] Group 2: Strategic Partnership and Independence - The advisors chose to partner with Strategic Wealth Group and LPL Financial to enhance client experience without corporate constraints [3][4] - By going independent, they aim to provide tailored financial services that align with clients' long- and short-term goals, leveraging LPL's technology and capabilities [4] Group 3: Additional Services and Support - The partnership with Strategic Wealth Group grants access to an in-house team of tax professionals, allowing for integrated financial planning, accounting, and estate planning services [4] - LPL Financial supports over 29,000 financial advisors and manages approximately $1.8 trillion in brokerage and advisory assets for around 7 million Americans [6]

Core Insights - LPL Financial reported a total advisory and brokerage assets of $1.85 trillion at the end of May 2025, reflecting an increase of $66.6 billion or 3.7% from April 2025 [1][4] - The company experienced total organic net new assets of $6.5 billion in May, which corresponds to a 4.4% annualized growth rate, despite a planned separation from misaligned large OSJs impacting the figures [2][4] - Client cash balances decreased to $49.2 billion, down by $2.6 billion or 5.0% compared to April 2025, with net buying activity recorded at $13.5 billion [3][4] Advisory and Brokerage Assets - Advisory assets reached $1,021.6 billion, up 4.4% from April 2025 and 26.2% year-over-year [4] - Brokerage assets totaled $832.9 billion, marking a 2.9% increase month-over-month and a 26.8% increase year-over-year [4] - Total advisory and brokerage assets increased by 3.7% month-over-month and 26.5% year-over-year [4] Organic and Acquired Net New Assets - Organic net new advisory assets were $8.3 billion, while organic net new brokerage assets were negative at $(1.8) billion [4] - Total organic net new assets for May were $6.5 billion, compared to $6.1 billion in April 2025 [4] - There were no acquired net new assets reported for both advisory and brokerage segments [4] Client Cash Balances - Total client cash balances decreased to $49.2 billion, a 5.0% decline from April 2025 [3][4] - Insured cash account sweep decreased by 5.1%, while deposit cash account sweep saw a slight decline of 0.9% [4] - The total bank sweep cash balance was $44.0 billion, down 4.1% month-over-month [4] Market Drivers - The S&P 500 Index increased by 6.2% to 5,912 at the end of May 2025, while the Russell 2000 Index rose by 5.2% to 2,066 [4]

Financial Trends - The recent reduction in deposit rates has led residents to reconsider their investment options, including wealth management, insurance, and securities markets [2] - The People's Bank of China reported that non-bank deposits increased by nearly 1.2 trillion yuan in May, marking a year-on-year increase of 30 billion yuan, the highest for the same period in nearly a decade [2] Wealth Management - Bank wealth management is becoming a new battleground, with estimates suggesting that the scale of bank wealth management will rise by 340 billion yuan to 31.77 trillion yuan by May 2025 [3] - The second quarter has seen a significant recovery in the yields of wealth management products, enhancing their attractiveness and contributing to an above-seasonal expansion of the wealth management market in May [3] Regulatory Changes - New regulatory policies are expected to be implemented for bank wealth management, focusing on the quality of wealth management companies rather than just their scale [4] - The proposed regulations will encourage wealth management subsidiaries to prioritize business quality, including research capabilities and consumer rights protection [4][5] Insurance Sector - The decline in deposit rates has shifted consumer interest towards dividend insurance and other savings-type insurance products, with a notable increase in the launch of new insurance products [6][7] - In 2023, 414 new life insurance products were launched, with dividend life insurance accounting for 37.68% of the total, a nearly 10 percentage point increase from the previous year [7] Consumer Finance - The decline in deposit rates is expected to create new opportunities in the consumer finance sector, as lower rates may encourage consumers to spend more on durable goods and services [8][9] - The upcoming implementation of new regulations for consumer lending is anticipated to increase compliance pressures on small lending institutions, potentially leading to industry consolidation [10][11]

Core Viewpoint - BMO Financial Group is acquiring Burgundy Asset Management Ltd. to enhance its wealth management capabilities, particularly for high-net-worth and ultra-high-net-worth clients, with the transaction expected to close by the end of 2025 [1][2][3]. Company Overview - BMO Financial Group is the seventh largest bank in North America, with total assets of $1.4 trillion as of April 30, 2025, and has a long history of providing a wide range of financial services [13]. - Burgundy Asset Management, founded in 1990, is a respected independent investment manager with approximately $27 billion in assets under management as of May 31, 2025, serving high-net-worth individuals and institutions [12]. Transaction Details - The acquisition price for Burgundy is approximately $625 million, to be paid in BMO common shares, including a $125 million holdback contingent on asset retention [3]. - An earn-out component may be included based on the achievement of specific growth targets post-acquisition [3]. Strategic Implications - The acquisition is expected to strengthen BMO's position in the Canadian Investment Counsel space and enhance its offerings for high-net-worth clients, building on its recognition as Canada's Best Private Bank for Ultra-High-Net-Worth clients [2][4]. - Burgundy will continue to operate under its brand within BMO Wealth Management, with its current leadership remaining in place [4][5].

Core Insights - China's financial opening is transitioning from quantitative expansion to qualitative deepening, with a focus on policy optimization and the development of technology finance and wealth management [1][3][4] Policy Environment - The determination to expand high-level financial openness remains unchanged despite international fluctuations, with a focus on creating a mutually beneficial financial development framework [3] - The financial regulatory authority is enhancing rules and management systems, with restrictive measures in the banking and insurance sectors largely lifted [3][4] - A new action plan to support the construction of Shanghai as an international financial center has been released, emphasizing the role of foreign financial institutions [3] Foreign Investment Environment - Efforts are being made to improve the business environment for foreign investment, including accelerating legal construction in the financial sector and maintaining a transparent and stable policy environment [4] - A regular communication mechanism with foreign institutions is being established to address their needs and challenges [4] Technology Finance Potential - The potential for technology finance is significant, with international institutions seeing substantial returns from investments in Chinese tech companies [6][7] - The regulatory authority is promoting pilot programs for equity investment by financial asset investment companies and loans for tech enterprise mergers and acquisitions [6][7] Wealth Management Opportunities - China's wealth management sector is experiencing a golden development period, driven by a large and growing middle-income group [8][9] - The asset management market has seen an annual growth rate of approximately 8% over the past five years, making it the second-largest globally [8] - The shift from traditional savings to diversified and professional asset management is evident, with foreign institutions providing valuable experience for the sector's development [8][9] Strategic Adjustments of Foreign Institutions - Foreign institutions are undergoing strategic adjustments in China, moving from a "full license" approach to a more specialized focus [9] - There is a trend towards concentrating on high-value areas such as cross-border finance, corporate banking, and high-end wealth management [9]

SAN DIEGO, June 12, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Jeff Runyan has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from Wedbush Securities. Based in Beverly Hills, Calif., Runyan grew up in Missouri, where his passion for financial discipline took root early and deepened over time. After beginning ...

高能从现代产业体系、空间布局和发展服务环境三个维度介绍了静安的优势与活力。在现代产业体系方面，商贸服务、金融服务和专业服务三大传统产业构 建起静安经济版图的硬核支柱，数据智能、文化创意和生命健康三大新兴产业则培育着静安未来发展的新质动能。在空间布局方面，静安依托南京西路高端 服务集聚带、苏河湾滨水商务集聚带、中环两翼创新创意集聚带，构建立体化产业生态圈，推动各类金融机构精准布局，集聚发展。在发展环境方面，静安 把企业的获得感作为出发点和落脚点，为金融机构提供从落户发展开始的全流程服务。 近期，静安区先后成立了全球服务商"一站式"出海服务中心、静安跨境金融服务中心，发布了"全球服务商计划"出海服务包，并打造出海全链路服务矩阵， 为企业全球化布局装上加速引擎。 展望未来，静安始终敞开怀抱，以开放的生态、创新的土壤，与企业携手构建AI驱动、全球化协同的财富管理新范式，共同绘制开放、智能、可持续的行 业蓝图。 上证报中国证券网讯（陈铭 记者 严晓菲）6月12日，以"新科技 新金融 新生态"为主题的中金财富2025财富管理发展论坛在上海中国金融信息中心举行。上 海市静安区投资促进办公室副主任高能致辞表示，科技革命重塑全 ...