Core Insights - Standard Chartered Bank Korea has opened its first private banking centre in Korea, named the Apgujeong Priority Private Centre, targeting individuals with deposits of at least Won1bn ($680,000) [1][5] - The new centre is part of Standard Chartered's strategy to enhance its presence in the Korean market, which is significant for its retail banking operations [2][5] - The Apgujeong centre is designed to meet the growing demand for tailored wealth management solutions among affluent clients [5] Company Strategy - The Apgujeong centre is the 16th private banking facility in Standard Chartered's global network, which includes locations in major financial hubs such as Singapore, Hong Kong, and the UAE [2][1] - Plans are in place to open additional private banking centres in affluent areas, including Busan and other parts of the Seoul metropolitan region [2][5] Facilities and Services - The Apgujeong centre spans six floors and features a lounge, reception area, 11 client consultation rooms, and a private vault [4] - A team of 22 experienced relationship managers, along with four specialists in investment, foreign exchange, and insurance, will provide services in wealth management and succession planning [4] Leadership Statements - The CEO of Standard Chartered Bank Korea emphasized the bank's unique position as the only international bank with retail operations in Korea, aiming to deliver superior financial solutions [3] - The CEO of Standard Chartered's wealth and retail banking division highlighted the commitment to the Korean market and the focus on personalized services for affluent clients [5]

Nov 20, 2025 4:18 PM Eastern Standard Time Citi Announces CFO Transition Plans and Changes to U.S. Personal Banking Business Share Mark Mason to transition out of CFO role in March 2026 and become Executive Vice Chair and Senior Executive Advisor to the Chair/CEO Gonzalo Luchetti to become CFO following transition period Retail Banking and U.S. Citigold to be integrated within Wealth U.S. Consumer Cards to become a standalone business led by Pam Habner Fraser said, "Mark has proven himself to be a leader fo ...

Accessibility StatementSkip Navigation LPL Financial Joins Merchant in Minority Ownership of Private Advisor Group, Strengthening Strategic Alignment MORRISTOWN, N.J., Nov. 19, 2025 /PRNewswire/ --Â Private Advisor Group, a leading financial services firm and LPL Financial Holdings Inc. (Nasdaq: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") announced today LPL's acquisition of a minority ownership stake in Private Advisor Group. This agreement will deepen Priv ...

Core Insights - Robinhood Markets has seen significant stock price growth in 2025, currently trading around $130 per share, with a more than 3x increase since early January, driven by earnings momentum, user base expansion, and cryptocurrency market involvement [2][3] - The company was added to the S&P 500 in September, enhancing its structural advantages as passive funds and ETFs are required to buy its stock [2] - Q3 earnings surpassed expectations, with revenue doubling year-over-year to $1.27 billion and net income rising to $556 million, or $0.61 per share, compared to $150 million, or $0.17 per share, in the same period last year [2] Revenue Growth Potential - Robinhood's revenues have surged from $280 million in 2019 to approximately $2.9 billion in 2024, reflecting an annual growth rate of nearly 60% [5] - Consensus estimates suggest a revenue growth of about 53% for 2025, reaching approximately $4.5 billion, with a potential average annual growth rate near 35% over the next few years [5][6] - Revenues could increase from an estimated $4.5 billion in FY'25 to around $8.2 billion by FY'27, representing an increase of over 82% [6] User Base and Market Opportunities - Funded customer accounts rose by 2.5 million, or 10%, year-over-year to 26.8 million, while platform assets surged 119% year-over-year to $333 billion [7] - Cryptocurrency revenues increased by 98% last quarter to $160 million, nearing a sixth consecutive quarter of triple-digit growth [8] - Robinhood's user base primarily consists of millennials and younger investors, positioning the company to benefit from a significant wealth transfer expected over the next two decades [9] Margin Expansion - Adjusted net margins have improved from negative levels in FY'21 to approximately 35% in FY'24, driven by high-margin revenue channels and increased transaction volumes [11] - The business model exhibits considerable operational leverage, suggesting that each additional dollar of revenue could disproportionately enhance profits [12] - Margins could trend upwards, potentially reaching around 40%, leading to anticipated earnings of about $3.3 billion by combining this margin with projected revenues [12] Valuation and Stock Price Potential - If earnings grow threefold, the price-to-earnings multiple could contract, but strong growth and improving margins may maintain a higher P/E ratio around 35x [13] - The addition to the S&P 500 may help sustain a higher multiple due to increased visibility and institutional participation [14] - The stock price could realistically reach levels over $250 within the next few years, with a timeline of approximately two to three years for this scenario [14]

One way President Donald Trump aims to make homes more affordable for Americans is by creating a 50-year mortgage — an idea Bill Pulte, the U.S. Director of Federal Housing, called a “game changer” in an X post. Although, right now you can’t get a 50-year mortgage from major lenders due to regulatory policies included in the Dodd-Frank Act, according to Realtor.com. See Next: 5 Ways Trump’s ‘Big, Beautiful Bill’ Could Impact Your Wallet Trending Now: How Middle-Class Earners Are Quietly Becoming Millionai ...

Core Insights - 1834, a division of Old National Bank, has expanded its operations into Naples, Florida, to cater to the financial needs of high and ultra-high net-worth individuals and institutions in the region [1][2] - The Naples team is led by Jeff Robinson, who has over 20 years of experience in wealth management, focusing on delivering integrated wealth management services [2][3] - 1834 offers a boutique-style experience with customized wealth advisory and investment management services, competing with ultra-high-net-worth firms without requiring high entry fees [3][4] Company Overview - 1834 is supported by a team of industry-renowned executives with over 80 years of combined experience, and the firm has more than 100 team members across various locations [4][8] - The service model includes a single point of contact with a wealth advisor, complemented by a team of in-house professionals providing various services such as wealth planning, investment management, and estate planning [5][6] Team Composition - The Naples team includes experienced professionals such as Rick Sterioti, Jolene Wall, and Eric Cosentino, each bringing decades of expertise in wealth management and investment [6][7] - The team focuses on providing holistic advice tailored to the needs of high-net-worth individuals, including specialized services for business succession planning and philanthropy [5][6] Parent Company Information - Old National Bancorp, the parent company of 1834, is the sixth largest commercial bank headquartered in the Midwest, with approximately $71 billion in assets and $38 billion in assets under management [8]

Financial Data and Key Metrics Changes - The underlying EPS for Q3 2025 was $1.86, reflecting a 6% year-over-year increase [5] - Underlying net income reached $1.047 billion, up 3% year-over-year [17] - The underlying ROE was 18.3%, showing progress towards medium-term objectives [5][18] - Book value per share increased by 3% quarter-over-quarter [5] - The LICAT ratio stood at 154%, indicating a strong capital position [9][19] Business Line Data and Key Metrics Changes - Individual protection sales grew by 35%, while group health and protection sales increased by 12% [5] - Health and protection underlying earnings decreased by 18% year-over-year due to unfavorable insurance experience in the U.S. [17] - Individual protection underlying net income rose by 25% year-over-year, driven by favorable mortality experience in Asia and higher investment earnings in Canada [17] - Asset management and wealth underlying earnings increased by 5% year-over-year [17] Market Data and Key Metrics Changes - In Asia, individual protection sales saw double-digit growth in six markets, with new business CSM growing by 20% year-over-year [8] - Canada reported a 13% increase in net income, driven by strong business growth and favorable insurance experience [24] - U.S. group health and protection sales increased by 25% year-over-year, driven by higher large case sales [25] Company Strategy and Development Direction - The company aims for a medium-term objective of 10% underlying earnings growth, 20% ROE, and dividend payouts in the range of 40-50% of underlying earnings [15] - The focus remains on improving U.S. dental business performance through repricing and growth of the commercial business [8] - The company is committed to leveraging its asset management capabilities to support growth in insurance and wealth businesses [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the U.S. business due to structural changes in the healthcare system, leading to higher claims frequency and costs [6] - Confidence was expressed in the ability to manage pricing and risk selection despite current challenges [8][15] - The company anticipates gradual improvement in the U.S. dental business as pricing adjustments are made [60] Other Important Information - The company announced a $0.04 increase in its dividend to $0.92 per share and repurchased approximately $400 million of shares in the quarter [9] - Total CSM increased by 12% year-over-year to $14.4 billion, driven by strong organic growth [19] Q&A Session Summary Question: Expectations for Medicaid repricing in 2026 - Management is making reasonable progress with states regarding pricing, expecting gradual improvements in 2026 [32] Question: Growth in U.S. commercial premiums - Premiums have grown more than 30% since the acquisition, with a focus on packaging commercial dental with group benefits [34] Question: Asset management flows and institutional progress - The company acknowledges lumpiness in flows but sees long-term growth potential, particularly in international strategies [38][41] Question: Details on unfavorable stop loss experience - Unfavorable experience was attributed to pricing shortfalls and late emergence of claims, with updates to loss ratio picks reflecting this [45][46] Question: Outlook for Medicaid dental loss ratio - Management expects gradual improvement in loss ratios moving into 2026, with Q4 typically being more favorable [60] Question: Potential for a smaller business in 2026 - Management is confident in their plans and distribution network, expecting to grow the business over time despite current adjustments [88]

Core Viewpoint - Global leaders are expressing concerns about a potential financial crisis, drawing parallels to the 2008 subprime mortgage crisis, particularly highlighted by Bank of England governor Andrew Bailey [2][5]. Group 1: Current Financial Concerns - The recent collapse of two leveraged American firms, Tricolor and First Brands, raises alarms about systemic risks in the financial sector, reminiscent of the late 2000s [3][4]. - Bailey emphasizes that the current financial engineering in private credit markets mirrors the high-risk strategies employed during the subprime crisis, which could lead to significant market disruptions [5][6]. Group 2: Historical Context - The 2007 mortgage crisis resulted in a housing market collapse and a severe recession, necessitating substantial bank bailouts in both the U.S. and Europe, which Bailey fears could be echoed in today's market dynamics [5]. Group 3: Recommendations for Wealth Management - In light of the current market outlook, it is advisable for investors to consider engaging with wealth management teams to safeguard their investments against potential downturns [8][9].

Core Insights - SEI has launched a streamlined implementation model and scalable platform specifically designed for community banks and trust companies managing less than $1 billion in assets, with Clermont Trust USA being the first to utilize this platform [1][3]. Company Overview - SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services, focusing on helping clients effectively deploy their capital [6][7]. - As of September 30, 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets [7]. Strategic Partnership - Clermont Trust USA aims to deliver customized trust and advice solutions, leveraging SEI's Wealth Platform to enhance operational efficiency and client service [2][3]. - The partnership emphasizes the need for scalable, integrated solutions to address complex wealth management challenges [2][4]. Platform Features - The SEI Wealth Platform offers a comprehensive suite of services, including advanced reporting and analytics tools, business process outsourcing, and access to SEI's asset management offerings [3][6]. - The platform is designed for quick implementation, allowing firms to enhance technology and user experience with minimal disruption [3][5]. Market Context - SEI has been serving trust companies and community banks for over 55 years, recognizing the challenges they face in a competitive wealth management landscape [4]. - The new model aims to reduce costs and improve access to modern solutions, addressing the limitations posed by high technology costs and complex implementations [4][5].

Core Insights - Life insurance sales in Hong Kong increased by 50% in the first half of the year, reaching a record high due to heightened demand for wealth management and estate planning from high-net-worth individuals in Hong Kong and mainland China [1][2] Industry Performance - The insurance industry wrote HK$173.7 billion (US$22.3 billion) in new life policies in the first half of the year, up from HK$115.9 billion the previous year, marking the highest first-half sales since the Insurance Authority's establishment in 2016 [2] - The growth trajectory of Hong Kong's insurance industry is sustained by strong demand for savings, health, and protection solutions [3] Market Outlook - The outlook for the insurance industry is positive, with Hong Kong solidifying its position as a leading international insurance and wealth management hub [4] - The increasing number of family offices is expected to enhance the role of the insurance industry in helping individuals and families achieve financial security, health resilience, and legacy planning [4] Consumer Preferences - Nearly 60% of high-net-worth individuals in mainland China, Hong Kong, Macau, and Taiwan prefer insurance policies for wealth transfer to future generations, according to a joint survey by Manulife and Deloitte [5] - Mainland visitors, along with local high-net-worth individuals, are significant buyers of local insurance products for financial planning, medical cost preparation, and legacy planning [7] Government Initiatives - The Chief Executive of Hong Kong set a target to attract an additional 220 family offices by 2028, following the successful goal of bringing in 200 family offices between 2023 and 2025 [6]