Core Insights - Beacon Pointe Advisors has completed its first acquisition of the year by acquiring Litman Gregory Wealth Management, which was previously owned by iM Global Partner [1][2] - The acquisition increases Beacon Pointe's assets under advisement to $61 billion, bolstered by multiple deals in the previous year [3] - Litman Gregory specializes in high-net-worth individuals and families, enhancing Beacon Pointe's expertise in financial planning and risk management [4] Company Overview - Litman Gregory Wealth Management, founded in 1987, has grown to manage $2.7 billion in assets and has a staff of 18 [2] - The firm has offices in Larkspur, Walnut Creek, California, and St. Louis, marking Beacon Pointe's first presence in Missouri [4] - The acquisition adds significant talent to Beacon Pointe, including five Certified Financial Planners (CFPs), two Chartered Financial Analysts (CFAs), and one Certified Divorce Financial Analyst (CDFA) [7] Strategic Implications - The deal reflects a trend in the financial advisory industry where acquiring talent and expertise is becoming increasingly competitive [7] - Beacon Pointe's management team, including CEO Shannon Eusey, maintains majority ownership, while private equity firm KKR holds a minority stake [3] - The acquisition may allow Litman Gregory to continue collaborating with iM Global on investment offerings, indicating a strategic partnership [5][6]

Financial Reporting Schedule - Major financial institutions are set to report earnings starting with JPMorgan Chase & Co. on Tuesday morning, followed by Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc. on Wednesday [1] - The reporting continues with Morgan Stanley, Goldman Sachs Group Inc., and BlackRock Inc. on Thursday, maintaining the focus on financials [1] - The following Tuesday will see a significant number of reports, with 20 companies reporting, including Netflix Inc. after market close and various financial institutions throughout the day [1]

Core Viewpoint - CI Global Asset Management (CI GAM) has announced an agreement to acquire the management agreements of Invesco's Canadian fund business, which has total assets under management of approximately C$26 billion, enhancing CI GAM's position in the Canadian asset management market [1][2]. Group 1: Transaction Details - CI GAM will manage 100 mutual funds and exchange-traded funds currently offered by Invesco Canada Ltd. [2] - Invesco and CI GAM will establish a long-term strategic partnership, allowing Invesco affiliates to provide portfolio management services to 63 funds with total assets of approximately C$13 billion [2]. - Following the transaction, CI GAM's total assets under management will rise to approximately C$170 billion [3]. Group 2: Strategic Implications - The acquisition will solidify CI GAM's ranking as one of the largest investment fund companies in Canada and is expected to drive continued growth [4]. - The partnership with Invesco will enhance CI GAM's product lineup, adding new strategies and capabilities, particularly in the ETF market [5][6]. - CI GAM aims to leverage the resources from this acquisition to improve service levels and investment solutions for advisors and clients [7]. Group 3: Timeline and Conditions - The transaction is anticipated to close in the second quarter of 2026, pending regulatory approvals and securityholder consent for the change of manager for the applicable funds [7].

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors are green to start week; BTC at $92k Monero (XMR) jumps another 15% and hits new ATH at $680 US Senate releases draft crypto market structure bill, prohibits stablecoin interest Saylor buys $1.25B in Bitcoin, biggest weekly purchase since July Fogo and Footbal ...

Group 1 - VanEck's crypto thesis indicates a divided outlook for Bitcoin and the broader crypto market, suggesting a cautious near-term perspective for the next three to six months [1] - Bitcoin is currently trading near $92,000, reflecting a 1.8% increase on the day but a 1.9% decrease over the past week [2] - The traditional four-year Bitcoin cycle has broken down, with institutional participation and macro-driven flows becoming more significant than halving narratives [2][3] Group 2 - VanEck's internal debate shows differing views, with some analysts remaining constructive on the immediate cycle of Bitcoin [3] - The firm expresses a clearer positive stance on traditional risk assets, attributing this to clarity around fiscal policy and major investment themes [4] - AI-related stocks are viewed as more attractive following a recent correction, indicating a favorable investment environment [4] Group 3 - Gold is seen as re-emerging as a leading global currency, driven by central bank demand, despite being somewhat technically extended [5] - Current gold prices are around $4,615, near its all-time high, with an 82% chance predicted for gold to hit $5,000 before Ethereum [6] - Gold is characterized as a portfolio stabilizer, with dynamic exposure management likely favoring returns [6]

Core Viewpoint - Trump Media and Technology Group Corp. has launched four new Truth Social-branded Separately Managed Account (SMA) investment strategies that align with American values and priorities, marking a significant step in the company's financial services expansion [1][2]. Group 1: Investment Strategies - The new SMA strategies include: - Truth Social Made in America: Focuses on U.S. companies driving industrial growth and technological innovation [5]. - Truth Social Liberty & Security: Invests in U.S. and allied companies enhancing national security and critical technologies [5]. - Truth Social Christian Values: Allocates capital to companies that align with biblical principles and integrity [5]. - Truth Social Energy and Essential Services: Targets essential infrastructure and services that support long-term economic growth [5]. Group 2: Company Statements - Devin Nunes, CEO of Trump Media, emphasized the importance of these strategies in supporting innovative companies while aligning with core values [2]. - Troy Rillo, CEO of Yorkville America Equities, highlighted the unique offering of these strategies that combine asset management expertise with American innovation [2]. - Jon DuPrau, Managing Partner at ITG, stated that the SMAs are designed to empower investors to align their investments with their values [2]. Group 3: Operational Details - Each SMA strategy is constructed using proprietary algorithms and is rebalanced quarterly to adapt to market dynamics while maintaining thematic objectives [2]. - Trump Media has provided the seed investment for these strategies, indicating a commitment to the initiative [2].

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Group 1 - The US government's initiative to purchase $200 billion in mortgage bonds aims to make 30-year fixed-rate home loans more affordable, which is expected to lower rates and reduce spreads on mortgage-backed securities [2][3] - Pacific Investment Management Company (Pimco) views this announcement as a positive factor for their overweight position in mortgage-backed securities, which they plan to maintain through 2025 [1][2] - The Bloomberg MBS index experienced a significant increase of 0.53%, marking its best one-day performance since August [2] Group 2 - Despite the positive short-term effects, Pimco's Chief Investment Officer Daniel Ivascyn emphasized that the long-term issue remains a shortage of homes relative to the number of households, necessitating an increase in housing stock [3] - The US 10-year yield has remained above 4% for the past year, complicating efforts to reduce loan costs, as highlighted by Treasury Secretary Scott Bessent [4] - Mortgage securities have been relatively inexpensive compared to corporate and Treasury bonds since the Federal Reserve began selling its mortgage holdings in 2022, leading to a strong performance in the Bloomberg index, which gained 8.6% last year, the best since 2002 [6]

Core Insights - Bitcoin (BTC) has surpassed $92,000, driven by significant ETF-related transactions involving BlackRock, which transferred approximately $300 million worth of BTC and ether (ETH) to Coinbase Prime [1][2][3] Group 1: Market Movements - On-chain trackers identified transfers of about 3,290 BTC (approximately $298 million) and 5,692 ETH (around $18 million) to Coinbase Prime, indicating potential rebalancing or redemptions related to ETF shares [2] - Bitcoin's price has been fluctuating, recently trading around $91,830, with traders monitoring its ability to reach last week's highs near $95,000 as U.S. liquidity returns [3][4] Group 2: ETF Influence - ETF flows are crucial for market dynamics, especially after a period of tax-related selling and year-end adjustments that impacted crypto prices in late December [4] - BlackRock's iShares Bitcoin Trust (IBIT) is the largest BTC holder among asset managers, with approximately 773,898 BTC, indicating strong institutional interest since its launch in early 2024 [5] Group 3: Ether Holdings - BlackRock also holds a significant position in ether through its iShares Ethereum Trust (ETHA), which reported total net assets of about $10.8 billion, representing nearly 2.9% of ether's circulating supply [6]

Core Insights - PGIM, the investment management unit of Prudential Financial, is exploring the sale of its Indian asset management subsidiary, PGIM India Asset Management, nearly ten years after its acquisition from Deutsche Bank [1][2] - The decision to review the unit's future comes after a period of stagnation in business growth, with PGIM India managing assets worth approximately Rs 266 billion ($3 billion) [2] - The Indian subsidiary reported after-tax losses exceeding Rs 235 million for the year ending March 2025, and a leadership change occurred with a new CEO appointed in July 2025 [3] Company Developments - PGIM has engaged EY to provide advisory services for the potential sale of PGIM India Asset Management [1] - The Indian asset management industry has seen recent activity, including acquisitions and partnerships, indicating a competitive landscape [3][4] - BlackRock has been increasing investments in India to leverage the growing equity market participation [3] Industry Trends - Jio BlackRock Investment Advisers received registration from SEBI to operate as an investment adviser, highlighting new entrants in the market [4] - DWS Group announced plans to acquire a 40% stake in Nippon Life India AIF Management, indicating ongoing consolidation in the industry [4][5] - Mizuho Securities agreed to purchase a 60% stake in Avendus Capital, further demonstrating the trend of acquisitions within the Indian financial services sector [5]