Core Insights - Lighthouse Private Wealth has been formed by advisors DJ Totland, Christopher Meyer, and Rob Tendler, joining LPL Financial's platform, with approximately $1.1 billion in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Formation and Background - Lighthouse Private Wealth is located in Red Bank, New Jersey, and has a combined experience of 90 years among its founding advisors, who have worked together for 20 years [2]. - The firm serves a diverse clientele, including high-net-worth individuals, small business owners, and families, utilizing a holistic approach to financial matters [2]. Group 2: Reasons for Choosing LPL Financial - The advisors chose LPL Financial for improved technology and autonomy, aiming to customize their services in an 'a la carte' manner [3][4]. - The desire to become business owners and operate independently from traditional wirehouses or regional broker-dealers was a significant factor in their decision [4]. Group 3: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to select the resources they need to succeed [6].

President Trump’s recent executive order on alternative assets and 401(k)-style retirement plans has drawn fresh attention to the rapid growth of private markets, including private equity, credit, real estate and infrastructure. We cannot fully understand this growth, or its impact on global finance, without considering how the shift to private assets has intersected with other key investment trends — most notably, the expansion of the wealth-management industry. For perspective: Global assets under mana ...

Don’t think of it as selling out, but rather as buying in. Over the next half of the decade, there are expected to be 1,500 M&A deals involving asset and wealth managers, according to a new report from consultancy Oliver Wyman and Morgan Stanley. That means one in five firms existing today will be acquired by 2029. In the past, the wealth and asset management industries were highly fragmented, and firms could find success with small teams and just a handful of clients. But the landscape is changing. “In ...

Mizuho is seeking to strengthen its wealth management business and take on industry leader Nomura as well-to-do Japanese invest more of their savings https://t.co/CzgzocoCWT ...

Core Insights - The launch of the first wealth management AI assessment benchmark "FinMCP-Bench" and the advisory AI model "Dianjin-Qieman-FA-Agentic" aims to address the need for specialized AI applications in the wealth management sector [1][4][6] - The "FinMCP-Bench" focuses on quantifying the tool utilization capabilities of AI models specifically for wealth management, differentiating it from general financial AI benchmarks [4][6] - The "Dianjin-Qieman-FA-Agentic" model is designed to effectively tackle common challenges in financial vertical AI models, enhancing decision-making capabilities in complex scenarios [5][6] Group 1: AI in Wealth Management - The financial services sector has high demands for the professionalism, rigor, and accuracy of AI, necessitating a specialized evaluation standard for AI models [4] - The assessment benchmark utilizes real user interaction data from the "Qieman" app, reflecting diverse and personalized wealth management needs [4][6] - The model emphasizes not only semantic understanding but also the accuracy of tool utilization and the standardization of advisory service processes [4][6] Group 2: Industry Trends and Developments - AI is increasingly seen as a valuable tool in wealth management, providing 24/7 availability, lowering service barriers, and offering personalized advice [8] - Recent upgrades in AI wealth management assistants, such as "蚂小财" and "京小贝," have significantly improved user engagement and satisfaction metrics [8][9] - The industry is witnessing a shift towards more practical and efficient AI applications, with platforms like Ant Group's open platform enhancing service capabilities for financial institutions [9]

Core Insights - Bernstein Private Wealth Management has been awarded the Financial Advisor Team of the Year at the 2025 STEP Private Client Awards for the second time, recognizing its expertise in cross-border wealth management for ultra-high-net-worth clients [1][2][4] Group 1: Award Recognition - The award highlights Bernstein's commitment to addressing complex wealth needs of ultra-high-net-worth clients, showcasing its skill in navigating cross-border challenges [1][2] - The firm was selected for its next-generation education, bespoke offshore investment platforms, and ethical practices, emphasizing long-term client relationships [2][3] Group 2: Team Expertise - The Global Families team at Bernstein specializes in managing complex cross-border issues, including global tax planning and multijurisdictional governance [3] - The team provides integrated advice, modeling, and reporting across US and international platforms, serving both US and international families [3] Group 3: Company Overview - As of June 30, 2025, Bernstein manages $144 billion in assets, part of AllianceBernstein, which has over $829 billion in assets under management [5][6] - Bernstein is recognized for its holistic approach to wealth management, focusing on navigating life's transitions with innovative research and sophisticated modeling [6]

Industry Overview - The wealth management sector is expected to see 20% of wealth and asset managers acquired in the next five years, indicating a trend of consolidation [1] - Recent developments include large breakaways forming new Registered Investment Advisors (RIAs), which complicates the consolidation narrative [1] Company Developments - Elevation Point has facilitated a UBS breakaway to establish Loxahatchee Capital, managing $1.4 billion in assets [2] - OpenArc was formed from a significant Merrill Lynch liftout, managing $129 billion in assets, with Merrill Lynch contesting the move legally [2] - MAI Capital Management has acquired J.W. Coons Advisors, which has $612 million in assets, as part of its ongoing mega-merger strategy [3][4] - MAI Capital Management is set to nearly double its client assets to $60 billion following its acquisition of Evoke Advisors [4] - ArrowPoint, co-founded by Mandy Dollar and Jennifer Wallis, has chosen Osaic as its platform, managing $379 million in assets [5][6]

Core Insights - Chuck Jones has extensive experience in equity analysis and investment management, with a career spanning over 28 years in various roles, including as a Wealth Strategist at Northern Trust [1] - He has a strong focus on technology, life sciences, and venture capital, leveraging his network to meet the financial goals of clients [1] - Jones has a proven track record of outperforming industry benchmarks for six consecutive years through financial modeling and direct engagement with company executives [1] Company and Industry Focus - At Northern Trust, Jones developed a go-to-market strategy for Investment Management and Trust Services targeting Technology Executives and Private Equity Partners [1] - His previous role at Atlantic Trust involved determining technology holdings, focusing on hardware, software, services, and Internet companies [1] - Jones authored significant industry reports, including one on Internet Security Software, showcasing his expertise in the technology sector [1] - His early career at IBM included various sales and manufacturing roles, where he was involved in demand projection and production scheduling for storage systems [1]

Singapore will launch a program next year to train lawyers in family office advisory, as the legal profession races to keep pace with the wealth management industry https://t.co/INxVFhcQvJ ...

Core Insights - XY Planning Network announced new member benefits at its 11th annual conference, aimed at enhancing value for its over 2,100 members and attracting non-members [1] Group 1: New Member Benefits - The inclusion of Holistiplan's award-winning tax planning software as a member benefit, providing new firms with free access to the premium module and significant discounts for established firms [2] - Expansion of the partnership with Orion, allowing members customized access to the Orion platform at discounted rates, featuring pre-built reporting and settings tailored to member needs [3][4] Group 2: Cost and Support Structure - Members can start with a no-cost option supporting up to 40 accounts, with pricing for additional accounts starting at $2,000 per year, and a tier with extra support costing $4,000 annually [6] - The expanded partnership with Orion offers streamlined onboarding for all members, significantly reducing the time required from weeks to days, supported by experienced staff [7]