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Matt Brown is the founder, chairman, and CEO of Case. He joins us now. Good to see you. Good to see you.>> Thanks for having us back. This is year four for you. 1,200 attendees, 800 FAS.Can you give me an idea where we are now in alts both in adoption and acceptance. Yeah, I think what's happening right now uh like the noise behind us, excuse me, the crowd, uh the asset management community, the alts asset management community has really focused on wealth management as an investor base that they want to cat ...

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RT Anthony Pompliano 🌪 (@APompliano)Rich people hire large teams to help them manage their money & give unique insights on their finances.The average person can't afford to do this.So we built @cfosilvia to give every person access to the same insights completely for free.Sign up now: https://t.co/587F3GAhpp https://t.co/PuhFztOg82 ...

Keyrock acquire Turing Capital as it expands into asset and wealth management https://t.co/xMPQ7Lxisq ...

Yes.Andy Flattery (@andyflattery):15 years in wealth management now and the whole time you should have just bought bitcoin..? ...

Investment Advice for Average Individuals - The industry suggests individuals maintain cash reserves equivalent to 2-4 months of expenses for safety [1] - The industry recommends investing in fixed income markets (bond markets) and equities [2] - The industry advises investing in an S&P 500 fund for equities [2] - The industry suggests considering the Bloomberg aggregate (formerly Leman aggregate and Barclay's aggregate) for bond investments [2]

Summary of Azimut Holding (AZIH.F) Conference Call Company Overview - **Company**: Azimut Holding (AZIH.F) - **Event**: Update/Briefing Conference Call - **Date**: May 22, 2025 Key Points Industry and Company Developments - Azimut Holding announced the launch of TMB, a new generation wealth bank for the Italian market, in partnership with FSI [2][3] - The transaction is a significant milestone for Azimut, unlocking potential value exceeding €1,200,000,000 [3] - Azimut will retain a 19.99% strategic stake in TMB, providing exposure to future growth [4] Financial Aspects of the Transaction - The deal includes €240,000,000 in upfront cash, €210,000,000 in deferred proceeds, and over €760,000,000 in cumulative earn-outs linked to performance milestones [4] - A revenue guarantee of €2,400,000,000 for net commissions over the next twelve years is established, ensuring stable cash flows [5][31] - The transaction is expected to enhance Azimut's capital position, allowing for strategic investments and shareholder returns [10][41] Impact on Financial Metrics - Post-transaction, Azimut's assets under management are projected to be approximately €101,200,000,000, reflecting a reduction of €6,300,000,000 due to deconsolidation of third-party assets [13] - The pro forma net profit is expected to be €535,000,000, with a minimal decline in revenues of €37,000,000 [14][15] - The new rebate model will see TMB receiving 90% of management fees, impacting acquisition costs but expected to yield savings in operating costs [17][28] Strategic Takeaways - Azimut is creating two distinct growth engines: a global financial advisory platform and TMB as an independent digital player focused on wealth management [6][19] - The partnership with TMB is designed for mutual benefit, combining Azimut's asset management capabilities with TMB's banking services [7][30] - The transaction is viewed as a catalyst to unlock hidden value within Azimut, aiming to align market recognition with intrinsic business quality [9] Future Outlook - Azimut plans to utilize proceeds from the transaction for organic growth, M&A opportunities, and shareholder returns [39][41] - The company aims to present new strategic targets and dividend policies by Q3 2025 [48] - The expected timeline for closing the transaction is by the end of 2025, pending regulatory approvals [43] Additional Considerations - The transaction includes a long-term strategic partnership framework, ensuring alignment between Azimut and TMB [30][34] - The revenue guarantee provides downside protection while allowing for upside potential as TMB grows [31][38] - The management emphasizes a commitment to capital discipline and efficiency in utilizing cash reserves for future growth [57] Conclusion The conference call highlighted Azimut Holding's strategic move to establish TMB, enhancing its market position in wealth management while ensuring financial stability and growth potential through a well-structured partnership and revenue guarantees. The focus on shareholder value and long-term growth strategies positions Azimut favorably in the evolving financial landscape.