Core Viewpoint - Canaccord Genuity is evaluating options for its British wealth management business and has engaged with potential counterparties [1] Company Summary - Canaccord Genuity is actively exploring strategic alternatives for its British wealth management division [1] - The company has initiated discussions with potential counterparties regarding this evaluation [1]

Group 1 - The Chinese wealth management market is experiencing a historic opportunity, with total asset management scale exceeding 170 trillion yuan, making it the second-largest wealth management market globally as of June 2025 [1][2] - The growth in the wealth management sector is driven by the expansion of the middle-income group and the accumulation of household wealth, with total investable assets surpassing 300 trillion yuan [1][2] - The second "CITIC Wealth Management Conference" was held in Beijing, focusing on how wealth management institutions can capture global market opportunities and serve as a bridge between the real economy and household wealth [1] Group 2 - The wealth management industry is benefiting from the deepening transformation of the asset management sector, the acceleration of long-term patient capital cultivation, and the opening up of cross-border capital markets [2] - CITIC Group has established a differentiated wealth management path, leveraging its comprehensive financial license advantages and multi-field collaboration to create unique strengths in the wealth management sector [2] - CITIC's subsidiaries, including CITIC Bank and CITIC Securities, hold significant asset management scales, with CITIC Bank's personal wealth management scale nearing 5 trillion yuan and CITIC Securities' asset management scale reaching 1.56 trillion yuan [3] Group 3 - Cross-border investment has shifted from an optional choice to a necessity for wealth management, with over 164,600 individual investors participating in the "Cross-Border Wealth Management Connect" program, and cross-border remittance amounts exceeding 120 billion yuan [4] - Market institutions are actively building service systems to meet the growing demand for cross-border investment, with CITIC focusing on "connectivity" to link domestic and international markets [4] - The release of global asset allocation demand and the transformation of the industry are driven by inter-institutional collaboration, technological empowerment, and the expansion of cross-border business [4] Group 4 - The wealth management service transformation is centered around comprehensive product lines, collaborative customer service, and integrated infrastructure, as highlighted by industry leaders [5] - The ecosystem of complementary cooperation among different asset management institutions is evolving, driven by the deepening opening of the Chinese capital market and the enhancement of household asset allocation concepts [5] - Cross-institutional collaboration, technological integration, and cross-border layout are expected to be the core drivers of sustained growth in the wealth management industry [5]

Core Insights - UBS Global Wealth Management US has announced the addition of the Mueting Lyczak Group, a five-person advisor team, to its firm [1] - The new team will operate within the UBS Great Lakes Wealth Management Market, managed by Market Executive Geoffrey Centner [1] - This move signifies UBS's continued expansion in the Great Lakes region, with the new office located in Ann Arbor, Michigan [1] Company and Industry Summary - The Mueting Lyczak Group is described as a multigenerational team with extensive experience in wealth management [1] - The expansion reflects UBS's strategy to enhance its presence and service offerings in key markets [1]

Core Insights - Nucleus Group's Third Financial has extended its strategic alliance with Titan Wealth Group to introduce an adviser as a platform (AaaP) solution, lasting for an initial five-year term [1] - The collaboration has resulted in the creation of The Titan Wealth Platform, a comprehensive wealth management offering [1] Group 1: Partnership Details - Third Financial is providing the technological infrastructure for The Titan Wealth Platform, integrating its Model B custody service with AaaP-focused technology [2] - The partnership has already facilitated the transfer of nearly $1 billion in client assets to the new platform [3] Group 2: Operational Impact - The strategic initiative is expected to streamline Titan's operations and create potential growth opportunities for Nucleus [4] - Titan Wealth aims to manage approximately £100 billion (around $133 billion) in assets under administration within the next three to five years [6] Group 3: Market Positioning - Nucleus is positioned as a preferred provider for larger firms seeking to enhance their adviser platform offerings, emphasizing its market-leading technology and personalized service [5] - The scale of Nucleus's operations allows it to support the growth ambitions of large wealth groups effectively [6]

Core Insights - The second "CITIC Wealth Management Conference" was held in Beijing, focusing on the theme "Integration and Development: Co-creating New Value in Wealth Management" with participation from 42 leading institutions and over 200 attendees [1] - CITIC Group's Vice Chairman Zhang Wenwu highlighted the historical opportunities in the wealth management industry due to the deepening transformation of the asset management sector, the acceleration of long-term patient capital cultivation, the expansion of cross-border capital markets, and disruptive breakthroughs in technology such as artificial intelligence [1] - CITIC Group's subsidiaries, including CITIC Bank, CITIC Securities, and CITIC Trust, are leading in their respective fields, with significant asset management scales [1] Group 1 - CITIC Bank's personal wealth management scale is nearly 50 trillion yuan, while CITIC Securities' asset management scale exceeds 1.56 trillion yuan [1] - CITIC Trust has an asset balance of 2.6 trillion yuan, and Huaxia Fund's asset management scale is over 3 trillion yuan [1] - Xie Zhibin, Vice President of CITIC Bank, emphasized the need for wealth management institutions to focus on customer demand, product supply, and institutional services, leveraging big data and AI technology [3] Group 2 - CITIC Group plans to align with national strategies such as technological innovation and green low-carbon initiatives, directing financial resources to key areas of social development [2] - The conference discussed how wealth management and asset management institutions in China can capture global market opportunities and serve as a bridge between the real economy and residents' wealth [2] - The launch of the "Global Asset Allocation New Ecology" initiative aims to assist individual and corporate investors in seizing investment opportunities globally [2]

Core Insights - The Chinese wealth management market is experiencing a historic opportunity driven by economic development and the accumulation of resident wealth [1][3] - The total investable assets of residents have surpassed 300 trillion yuan, with the middle-income group continuously expanding, leading to a rapid growth phase in wealth management demand [3] Industry Scale - As of June 2025, the total asset management scale in China has exceeded 170 trillion yuan, making it the second-largest wealth management market globally [3] - The wealth management market is poised for significant growth, with the demand for wealth management services increasing due to the development of the capital market and rising public investment needs [3] Cross-Border Investment - Cross-border investment has transitioned from an optional choice to a necessity for wealth management, with 16.46 million individual investors participating in the "Cross-Border Wealth Management Connect" program, and cross-border remittance amounts exceeding 120 billion yuan [7] - Financial institutions are actively building service systems to meet the growing demand for cross-border investment, with companies like CITIC leveraging their comprehensive licenses to create a multi-faceted cross-border asset management service system [7] Institutional Collaboration and Technology Integration - The evolution of a collaborative ecosystem among different asset management institutions, including public funds, securities asset management, insurance asset management, trusts, and bank wealth management, is underway [8] - The integration of technology and cross-institutional collaboration will be key drivers for the sustained growth of the wealth management industry in the next phase [8]

Core Insights - The Chinese wealth management market is experiencing a historic opportunity, with total asset management scale exceeding 170 trillion yuan, making it the second-largest wealth management market globally [1][2] - The growth is driven by the expansion of the middle-income group and the increasing total investable assets of residents, which have surpassed 300 trillion yuan [1][2] - The "CITIC Wealth Management Conference" highlighted the importance of wealth management institutions acting as a bridge between the real economy and residents' wealth [2] Industry Growth - The asset management industry has maintained an average annual growth rate of around 8% over the past five years, with public funds, bank wealth management, trusts, and insurance asset management all contributing to this growth [1] - As of June 2025, CITIC Group's wealth management total scale reached 31 trillion yuan, with asset management scale at 9.8 trillion yuan, serving over 200 million individual and corporate clients [3] Cross-Border Investment - Cross-border investment has shifted from an optional strategy to a necessity for wealth management, with significant participation in cross-border financial products [4] - By July 2025, the "Cross-Border Wealth Management Connect" attracted 164,600 individual investors, with cross-border remittance amounts exceeding 120 billion yuan [4] Collaborative Ecosystem - The wealth management industry is evolving towards a collaborative ecosystem among various asset management institutions, driven by the need for complementary cooperation and technological integration [6] - Institutions are focusing on providing comprehensive, platform-based, and global asset management services, emphasizing the importance of research services, investment delegation, and customer service [5][6]

Core Insights - The conference "Integration and Development: Co-creating New Value in Wealth Management" was held in Beijing, focusing on global asset allocation and social responsibility initiatives [2][4] - CITIC Group's wealth management scale is approximately 31 trillion yuan, with asset management reaching 9.3 trillion yuan, serving over 200 million individual and corporate clients [4][6] - The Chinese asset management market has surpassed 170 trillion yuan, becoming the second-largest globally, with an average annual growth rate of 8% over the past five years [6] Group 1 - The conference was attended by over 200 representatives from leading asset management institutions, emphasizing collaboration in global asset allocation [2] - CITIC Group aims to enhance professional capabilities and expand global perspectives in wealth management through partnerships with top asset management firms [4] - The "Xincheng Growth" charity platform was launched, with a goal to donate over 10 million yuan by 2025, reflecting CITIC's commitment to social responsibility [2] Group 2 - Wealth management institutions are shifting from single asset allocation to diversified strategies, leveraging big data and AI technologies [5] - Investment opportunities are emerging in sectors such as green economy, healthcare, and domestic substitution, indicating a healthy ecosystem for Chinese stocks and bonds [5] - As of June 2025, CITIC Bank's personal wealth management scale is nearly 5 trillion yuan, ranking second among peers, while CITIC Securities leads the brokerage industry with a market share of 12.8% [6]

Core Insights - UBS Wealth Management has announced the hiring of Financial Advisor Robert (Bob) Lauer in Franklin, TN, enhancing its team in the South Market [1] Group 1 - Bob Lauer and his team will join the UBS South Market, which is led by Market Executive Greg Achten [1] - The South Market is part of UBS's Southeast Region, overseen by Regional Director Julie Fox [1] - Robert Lauer will report to Market Director Ryan McCann [1]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Roger Ochs, who was appointed president of Choreo in February, has stepped down from this role and returned to his position on the firm’s board of directors, the RIA has confirmed. Ochs, a former president and CEO of H.D. Vest Financial Services, a tax-focused broker/dealer that Avantax acquired, was brought into the role on an interim basis. The firm has not hired a replacement.  “Roger h ...