Core Insights - Envestnet has appointed Jonathan Linstra as chief growth officer to enhance its growth leadership model, focusing on scalable distribution and relationship management to meet rising client complexity and demand for personalization [1][2]. Group 1: Leadership and Role - Linstra joins Envestnet from Morningstar, where he was managing director for the Americas, and will report to CEO Chris Todd while leading growth priorities in sales execution, revenue generation, and advisor engagement [2][4]. - The new role is designed to work alongside Andrew Stavaridis, the chief relationship officer, who will continue to manage existing client relationships and expansion efforts [2]. Group 2: Strategic Initiatives - Envestnet is committing $1 billion in product investment over the next five years to enhance its managed accounts capabilities across broker/dealers and RIAs [4]. - The company has been advancing its Unified Managed Account (UMA) platform, incorporating features such as advisor-traded sleeves, flexible householding, alternatives, and improved portfolio management [4]. Group 3: Market Position and Assets - Envestnet manages $7.0 trillion in platform assets and serves over one-third of all financial advisors across banks, wealth managers, brokerages, and RIAs [6].

Core Viewpoint - Nomura Holdings is tightening risk controls at its European crypto subsidiary, Laser Digital Holdings, following third-quarter losses attributed to market volatility, indicating a cautious approach towards digital assets amid significant unrealized losses reported by firms in the sector [1][3]. Group 1: Financial Performance - Nomura's net income for the quarter ended December 31 dropped 9.7% year-over-year to ¥91.6 billion ($590 million), leading to a 6.7% decline in shares, the largest intraday drop in over nine months [2]. - The international operations of Nomura earned ¥16.3 billion before taxes, marking the 10th consecutive profitable quarter, although this was approximately 70% lower than the previous year due to losses in Europe [4]. - Despite the crypto setbacks, the firm reported the highest pretax income in 18 years across its four segments, with Wealth Management achieving record-high recurring revenue and Investment Management assets reaching an all-time high of ¥134.7 trillion following a $1.8 billion acquisition [5]. Group 2: Risk Management and Strategy - The CFO, Hiroyuki Moriuchi, confirmed that Nomura is reducing risk at its digital asset unit due to market fluctuations, emphasizing the need for strict position management to mitigate risks [3][4]. - Nomura announced plans to buy back up to ¥60 billion in shares, representing 3.2% of its outstanding stock, as part of its strategy to enhance shareholder value [5]. Group 3: Industry Context - The challenges faced by Nomura reflect broader issues within the crypto treasury sector, where major holders are reporting substantial unrealized losses, including a reported $17.44 billion loss on digital assets for the three months ended December 31 [6].

According to DLNews, Nomura, Japan's largest wealth management company (with approximately JPY 153 trillion in client assets), stated that after its subsidiary Laser Digital incurred losses in the third quarter, the company reduced its crypto positions and risk exposure; its commitment to the digital asset business remains unchanged, and it plans to expand in the medium to long term. https://t.co/Cg3pvBxpiO ...

Daiwa’s profit beat estimates last quarter, as Japan’s stock market boom bolstered its equity trading and wealth management businesses https://t.co/S71ks267rk ...

According to DLNews, Nomura, Japan's largest wealth management company (with approximately $153 trillion in client assets), stated that after its subsidiary Laser Digital incurred losses in the third quarter, the company reduced its crypto positions and risk exposure; its commitment to the digital asset business remains unchanged, and it plans to expand in the medium to long term. https://t.co/Cg3pvBxpiO ...

Shelby Nicholl, founder of Muriel Consulting, helps breakaway advisors find their match and make the transition to independence. “Most of my clients are leaving captive firms and looking for a home where they can more completely own their book of business,” Nicholl said. A key element of breaking away is bringing as many of your clients and assets with you as possible. While industry data shows advisors generally bring about 85% of assets with them during a move, wirehouse advisors can plan for less than th ...

In a typical ESOP transaction, employees don't put up their own money. Instead, the company borrows funds and uses future earnings to buy shares of the company from the owner. The company usually takes out a bank loan and passes the money to an ESOP trust to pay the seller/owner at closing. Because the bank loan often covers only part of the price, the seller typically finances the rest through a note that the company repays over time. As the company makes tax-deductible payments to the ESOP, shares are gra ...

Core Insights - Raymond James has successfully recruited a team from Bank of America's Merrill Lynch, managing $1 billion in client assets [1][2] Group 1: Recruitment and Team Details - The advisory team consists of four financial advisors and two client service associates, joining the Thrift Private Wealth of Raymond James in Easton, Md [2] - Key members include Garrett Thrift, managing director and private wealth advisor, who has 15 years of experience at Merrill [2][3] - Other team members include financial planning consultant Kara Burt (8 years at Merrill) and advisors Blake Saulsbury and Wade Oursler (3 years at Merrill) [3] Group 2: Company Performance and Strategy - Raymond James reported strong recruiting results for its fiscal first quarter ending December 31, adding advisors with approximately $13 billion in client assets [5] - The firm increased its spending on recruiting and retention-related compensation by 22% to $107 million during the quarter [5] - The decision to join Raymond James was influenced by the firm's private wealth resources and direct access to senior leadership [4] Group 3: Industry Context - According to Wolfe Research, Raymond James ranked just behind LPL Financial in total net advisor gains for 2025, while Bank of America was the largest net loser of advisors [6] - Bank of America reported historic lows in advisor attrition and strong revenue growth in its wealth management divisions [7] Group 4: Services Offered - Thrift Private Wealth will provide various services, including alternative investing, banking and lending, and estate, charitable giving, and trust services [8]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. This week, a handful of wealth management CEOs championed their advisor recruiting and retention efforts on quarterly earnings calls.  Raymond James even highlighted a new reporting line revealing how much they spent on recruiting and retention in their fiscal first quarter. (It was up 22% year-over-year). In the meantime, RIA roll-ups continued to announce acquisitions, ranging from firm ...

Core Viewpoint - Tian Ruixiang Holding Ltd (TIRX) is in advanced discussions to acquire a Hong Kong-based AI and crypto-empowered broker, which has an annual revenue exceeding USD 200 million and has experienced a 50% growth over the past five years [1] Transaction Details - The acquisition will be structured as a share-for-share exchange, with TIRX issuing new common stock to the Target's shareholders, and the Target will operate as a wholly owned subsidiary of TIRX, maintaining its brand and leadership team [2] Strategic Rationale & Expected Impact - The Target has over 10 years of experience serving high-net-worth individuals and families in the Asia-Pacific region, with a client base of over 1,000 high-net-worth clients and more than 10,000 serviced families, complementing TIRX's strengths in AI-driven financial technology and digital currency infrastructure [3] Growth Initiatives - The combined entity will focus on three core growth initiatives: - AI-Enhanced Insurance Distribution to optimize insurance product matching and client engagement, expanding regional market share [4] - Digital Currency Enabled Wealth Solutions to integrate digital currency custody and transaction capabilities into offshore asset allocation services [4] - Scalable Regional Expansion leveraging the Target's Hong Kong hub to accelerate TIRX's growth in Southeast Asia's wealth management markets [5] Financial Outlook - The acquisition is projected to generate over USD 200 million in annual incremental revenue for TIRX within the first full year post-closing, drive a compound annual growth rate (CAGR) of over 50% in consolidated revenue and net income over the next three years, and be immediately accretive to TIRX's earnings per share (EPS) [8]