Asked about the decision to weight returns toward buybacks, FitzPatrick said the board believed that “at these share prices” a stronger buyback would provide important value enhancement for shareholders, while still delivering an increase in dividends. He also described buybacks as a tool the company wanted to deploy on an “ongoing basis rather than a discrete basis.”Looking ahead, FitzPatrick said the board updated shareholder returns guidance “a year earlier than originally anticipated.” From 2026, the co ...

The 33-year-old founder of By Monday morning, the over 7,000-word post was the talk of the market. And when trading opened, the selling started. The S&P 500 Index quickly went from green to red and ended down more than 1% on the day. A gauge of financial shares had its worst session since April. A major software exchange-traded fund tumbled more than 4%. The report also named a number of specific companies, including ServiceNow Inc., DoorDash Inc. and American Express Co., and those shares sank. By the end ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A team of financial advisors has left Ameriprise Financial to launch their own wealth management practice on NewEdge Advisors’ platform. NewEdge Advisors, one of two registered investment advisor practices in the NewEdge Capital Group, announced Tuesday it had brought on the 14-person team, Seven Bridges Wealth Advisors, in White Plains, N.Y.  “After careful consideration and months of str ...

Regardless of momentary or long-term pressures on stocks, metrics like the record client assets stand out to industry executives like Raj Bhattacharyya, the CEO of San Francisco-based registered investment advisory firm Robertson Stephens Wealth Management. His private equity-backed firm notched a 23% bump in its assets under management in 2025 to $8.7 billion thanks to two acquisitions, market appreciation and organic growth. In general for a highly correlated industry, bull-market gains in stocks have alw ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Gerber Kawasaki Wealth & Investment Management, a Santa Monica, Calif.-based registered investment advisor managing more than $4 billion in client assets, has added Altruist as a custodian.  The RIA, which is run by CEO and President Ross Gerber and Vice President and COO Danilo Kawasaki, will route all new business to Altruist, according to an announcement. The firm cited Altruist’s infra ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Baker Street Advisors, a registered investment advisor with $20 billion in client assets, has created a CEO role and promoted Chris Wilkens, a partner at the firm, to the position. In addition, Pete Hand, who joined the RIA in 2024 as chief investment officer, has been named a partner, joining 10 other executives.  In the new role, Wilkens will lead the firm into the next phase of growth.& ...

Occidental CEO says industry needs $70/barrel oil to grow production | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Occidental President and CEO Vicki Hollub speaks during CERAWeek in Houston, Texas, U.S., March 11, 2025. REUTERS/Kaylee Greenlee [Purchase Licensing Rights, opens new tab]- Companies[Occidental Petroleum Corp]FollowWASHINGTON, Feb 24 (Reuters) - Occidental [(OXY.N), opens new tab] CEO Vicki Hollub said on Tuesday th ...

UBS promoted Lisa Golia to lead its U.S. wealth management advisers in the field on March 1 after serving as chief operating officer for the business over the last two years, according to an internal ... ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Embedded AI tax platform april has launched a new integrated tax platform built specifically for wealth management and advisory firms. The platform purports to give advisors a real-time view into client tax workflows, documents and insights while enabling a more efficient filing process. “Advisory firms are looking for ways to deliver high-quality tax analysis without building or scaling ...

BIP Wealth, an Atlanta-based RIA, has received a minority investment from Constellation Wealth Capital (CWC) to support its growth objectives. The partnership is intended to assist BIP Wealth in expanding both its organic and inorganic growth efforts. The firm manages more than $5.5bn in assets. In 2025, the firm saw $725m in new organic assets under management and projects higher figures for 2026 with the backing of CWC. It also expects CWC’s advisory support to help scale operations while maintaining ...