in Tucson and the surrounding areas build the wealth needed to realize their financial goals.†Justin recently launched a[podcast] (https://cts.businesswire.com/ct/CT?id=smartlink&url=https://local.ubs.com/pacificdesertmarket&esheet=54368420&newsitemid=20251203039576&lan=en- US&anchor=podcast&index=3&md5=3507a4712e3622dc49ba1637448b646b), to highlight the dynamic opportunities across the Pacific Desert Market, share investment insights from UBS Financial Advisors and Private Wealth Advisors, and showcase i ...

Core Insights - Mercer Global Advisors has acquired Glass Jacobson Wealth Advisors, enhancing its presence in the Baltimore and Washington D.C. region with an additional $1 billion in assets under management [1][2] - The acquisition marks Mercer's 100th acquisition since 2016, indicating a strong growth strategy through consolidation in the wealth management sector [2] Company Overview - Mercer Global Advisors is a Denver-based registered investment advisor managing approximately $90 billion in client assets [1] - Glass Jacobson Wealth Advisors, founded in 1962, transitioned from an accounting and tax firm to a wealth management firm in 2001, growing its assets under management from about $477 million in 2020 to $1 billion [3][5] Strategic Rationale - The acquisition is seen as a strategic fit due to Glass Jacobson's strong fiduciary financial team and sophisticated tax practices, along with a robust bench of second-generation advisors [3][4] - The partnership aims to align values and fiduciary commitments, with incentives for both principals and second-generation advisors to foster continued growth [6][7] Team and Leadership - The acquisition adds a 22-person team managing over 660 wealth clients to Mercer [2] - Glass Jacobson's leadership includes John Dinkins, who has been with the firm since 2002 and holds a minority stake [5]

Core Insights - Creative Planning, a US-based wealth management firm, has acquired Burt Wealth Advisors, marking its 15th acquisition in two years and adding $1 billion in assets under management (AUM) to its portfolio [1][4] Company Overview - Burt Wealth Advisors, established in 1985, specializes in financial planning services such as retirement planning, tax strategies, education funding, estate planning, and business planning [1] - The firm also offers portfolio and investment management, along with support for wealth transfer, estate, and charitable planning [2] Client Benefits - Burt Wealth's leadership emphasized that joining Creative Planning allows clients to access a comprehensive suite of services while maintaining the personal touch that has characterized Burt Wealth since its inception [3] - Both firms prioritize client interests, long-term relationships, and a collaborative environment for advisors [3] Creative Planning's Scale - Creative Planning manages and advises on over $390 billion in assets across all 50 states and 90 countries as of September 30, 2025 [4] - The firm provides a wide range of services, including investment management, retirement planning, trust services, tax planning, and family office solutions [4] Leadership Statements - Peter Mallouk, president and CEO of Creative Planning, expressed enthusiasm about the acquisition, highlighting Burt Wealth's experience and commitment to client-first values as aligning with Creative Planning's vision [5]

Core Viewpoint - Wealthfront is preparing for an initial public offering (IPO) aiming for a valuation of up to $2.05 billion and plans to raise $485 million by offering shares priced between $12 and $14 each [1][2]. Group 1: IPO Details - Wealthfront will issue 21,468,038 shares, while existing stockholders will offer 13,147,346 shares, with the company not receiving proceeds from the latter [2]. - The IPO is contingent upon the effectiveness of the registration statement filed with the SEC, and no sales will occur until it is effective [2]. - Underwriters have a 30-day option to purchase an additional 5,192,308 shares at the IPO price, minus underwriting discounts and commissions [3]. Group 2: Underwriters and Management - Goldman Sachs & Co and JP Morgan are the lead book-running managers for the IPO, with Citigroup, Wells Fargo Securities, and RBC Capital Markets as active book-running managers [3]. - Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets are acting as co-managers for the offering [3]. Group 3: Company Background - Founded in 2008, Wealthfront is a technology-driven financial platform that provides investing, borrowing, cash management, and financial planning solutions [4]. - The company utilizes automation to deliver low-cost diversified portfolios and aims for rapid and convenient service delivery [4]. - In January 2022, UBS intended to acquire Wealthfront for up to $1.4 billion in cash, but the deal was mutually terminated later that year [4].

Core Insights - LPL Financial LLC will have its CEO, Rich Steinmeier, present at the Goldman Sachs Financial Services Conference on December 9 at 8 a.m. ET [1] - A live audio webcast of the presentation will be available on the investor website, with a replay accessible afterward [1] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S. [2] - The company supports over 32,000 financial advisors and approximately 1,100 financial institutions [2] - LPL Financial services and custodies around $2.3 trillion in brokerage and advisory assets for about 8 million Americans [2] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services [2]

Core Viewpoint - UBS has announced that five financial advisor teams in its Southeast region have been recognized by Forbes in the 2025 America's Top Wealth Management Teams Private Wealth list [1] Group 1: Recognition of Financial Advisor Teams - The financial advisor teams recognized include LongBernsteinGunderson from Philadelphia, New York City, and Dallas, consisting of Ryan M. Long, Bradford Bernstein, Louise Gunderson, and Nina Gunderson [1] - The Capital ESOP Group from Washington, D.C. is also recognized, with team members Keith Apton, Nick Francia, Joanne Ferland, and Sarah Bothner [1]

Core Insights - LPL Financial LLC has welcomed Brandon Wallis, a financial advisor with approximately $145 million in advisory, brokerage, and retirement plan assets, to its platform from Edward Jones [1][10] - Kūpono Wealth Planning, based in Mililani, Hawaiʻi, aims to serve local communities with a focus on integrity and personalized financial advice [3][4] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans [9] Advisor Background - Brandon Wallis has two decades of industry experience and has been based in Hawaiʻi since 2007, serving a diverse clientele including retirees and small business owners [2] Business Philosophy - Kūpono Wealth Planning emphasizes integrity, fairness, and moral strength in its client interactions, aiming to simplify complex financial matters and address the unique challenges faced by local families [3][4] Strategic Decision - Brandon Wallis chose LPL Financial after evaluating 20 other firms, seeking greater autonomy and flexibility to better serve his clients [5][6] Client Service Commitment - The firm is dedicated to providing a wide range of solutions and strategies while maintaining cost efficiency and high-quality service [4][7]

Core Insights - The wealth management industry is experiencing a shift towards automation, but there is a strong belief that human advisors will remain essential [2][3] - Nevis, a startup co-founded by Mark Swan, aims to enhance the operational efficiency of wealth advisors using AI, having secured $40 million in funding [2][5] - The U.S. wealth management sector is projected to face a shortage of 100,000 advisors by 2034, driven by increasing demand and a higher retirement rate than recruitment [5] Company Overview - Nevis was founded by former Revolut executives Mark Swan, Ivan Chalov, and Philipp Burda, with a mission to address the operational challenges faced by wealth advisors [4] - The company has attracted significant investment from notable firms such as Sequoia Capital, Iconiq, and Ribbit Capital, with a recent Series A funding round of $35 million at a valuation of $200 million [2][5] Industry Challenges - The wealth management industry is facing a crisis due to a projected shortage of advisors, which could hinder service delivery as demand for financial advice grows [5] - The current productivity levels in the industry are insufficient to meet the increasing demand for wealth management services [5] Technological Solutions - Nevis is developing software that automates routine tasks for wealth advisors, such as generating meeting summaries and drafting personalized emails, allowing advisors to focus on client relationships [6] - The company plans to expand its software capabilities to include more operational functions, such as opening custody accounts, by early next year [6]

A Sequoia-backed startup is betting AI won't replace wealth advisers, but can free them from grunt work https://t.co/odaE0MMn4Q ...

Core Insights - Noah Holdings Limited reported a decline in net revenues of 7.4% year-over-year for Q3 2025, totaling RMB 632.9 million (US$88.9 million), but achieved a significant increase in non-GAAP net income of 52.2% year-over-year to RMB 229.1 million (US$32.2 million) [2][4] - The company has strengthened its global presence, with overseas net revenue accounting for 49.1% of total net revenue and overseas assets under administration (AUA) reaching US$9.3 billion, a 6.8% increase from the previous year [3][7] - The implementation of AI technology is underway, with initiatives aimed at enhancing client engagement and operational efficiency, including the launch of an AI financial advisor named "Noya" [9][10] Financial Performance - Net revenues for Q3 2025 were RMB 632.9 million (US$88.9 million), reflecting a 7.4% decline year-over-year but a slight sequential increase [2] - Non-GAAP net income grew 52.2% year-over-year to RMB 229.1 million (US$32.2 million), supported by a 6.5% reduction in total operating expenses [2][4] - The total number of active clients increased by 35.5% year-over-year, with the aggregate value of investment products distributed reaching RMB 17.0 billion (US$2.4 billion) [6] Global Expansion - Overseas net revenue accounted for nearly half of total net revenues, with a 13.1% year-over-year growth in the number of overseas registered clients [3][7] - The establishment of a fourth booking center in the US complements the existing Singapore center, enhancing the company's global operational capabilities [8] AI Integration - The company has initiated its "AI Wealth Advisor + AI Operations System" plan, with pilot programs launched to improve client outreach and operational efficiency [9] - New business units have been established to support AI integration, aiming to enhance client experience and streamline operations [10] Strategic Outlook - Management emphasized three core priorities: strengthening investment product selection, leveraging AI for growth, and activating global booking centers to enhance client experience [11][13] - The company aims to capture future opportunities while maintaining a focus on prudent operations and quality growth [11]