Core Insights - Wealth management executives are more optimistic about the industry's health this year compared to previous years, as indicated by a recent survey by Wipfli [1] Group 1: Revenue Growth Expectations - 94% of surveyed wealth management executives expect their firm's revenue to grow by 5% or more in the next 12 months, with two-thirds anticipating growth of 8% or higher [2] - This growth expectation signals a return of confidence in the industry, despite ongoing pressures from technology, compliance, and talent demands [2] Group 2: Factors Influencing Confidence - The confidence among wealth managers is attributed to the conclusion of the presidential election and the stabilization of markets, which has provided clarity for planning [3] - Increased complexity in business operations remains a challenge for wealth managers, necessitating effective prioritization and execution [4] Group 3: Technology's Role in Growth - Technology is identified as a crucial factor for managing complexities and driving growth in the upcoming year [4] - Firms recognize opportunities in technology to attract and serve more clients, as well as to increase assets under management (AUM) [5] - Key growth strategies include improving data analytics capabilities, enhancing digital customer engagement, automating processes, utilizing AI in marketing, and adopting cloud solutions [5] Group 4: Concerns and Business Impact - Cybersecurity (62%) and the need for appropriate technology investments (58%) are top concerns among wealth executives [6] - Enhanced cybersecurity and data privacy measures are influencing business operations for 64% of firms, while 63% report improvements in account management processes due to digital platforms and apps [7] - 61% of firms are utilizing AI tools in marketing and account management processes with prospective clients [7]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Deals in the wealth management space surged in the third quarter and are expected to continue climbing in the new year. Mergers and acquisitions in the sector jumped 15% compared to the prior quarter, according to a report from PwC. Wealth management deals comprised the bulk of that increase, rising 27% in the period. Reduced financing costs due to the Federal Reserve’s rat ...

Julius Baer Group is telling some clients with lower balances at the bank to increase the amount of funds they invest with the wealth manager or go elsewhere, according to people familiar with the matter https://t.co/QIw5T4G4b1 ...

Core Insights - LPL Financial Holdings Inc. reported a total advisory and brokerage assets of $2.36 trillion at the end of November 2025, reflecting an increase of $12.5 billion or 0.5% from October 2025 [1]. Group 1: Advisory and Brokerage Assets - Advisory assets reached $1,385.9 billion, up 0.8% from October 2025 and up 42.3% year-over-year [4]. - Brokerage assets totaled $977.6 billion, a slight increase of 0.1% from October 2025 and a year-over-year growth of 24.4% [4]. - The total advisory and brokerage assets increased by 34.3% compared to November 2024 [4]. Group 2: Organic and Acquired Net New Assets - Total organic net new assets for November were $6.7 billion, representing a 3.4% annualized growth rate [2]. - Organic net new advisory assets were $8.3 billion, while organic net new brokerage assets were negative at -$1.7 billion [4]. - Total acquired net new assets remained at $0.0 billion for both advisory and brokerage segments [4]. Group 3: Client Cash Balances - Total client cash balances decreased to $54.6 billion, down $0.3 billion from October 2025 [3]. - The conversion of $1.6 billion from sweep money market funds to purchased money market funds impacted cash balances [3]. - Net buying activity in November was reported at $12.9 billion [3]. Group 4: Market Drivers - The S&P 500 Index ended at 6,849, a marginal increase of 0.1% from October 2025 and a 13.5% increase year-over-year [5]. - The Russell 2000 Index rose to 2,500, reflecting a 0.9% increase month-over-month and a 2.7% increase year-over-year [5]. - The average Fed Funds daily effective rate decreased by 4.9% from October 2025 and by 16.6% year-over-year [5].

Core Insights - Veater Financial Group has transitioned from Osaic's 1099 independent broker/dealer model to the W-2 employee channel to enhance growth and succession planning [2][3] - The firm, founded in 2012 by George Veater, manages approximately $1.1 billion in assets and has a history of moving between broker/dealer affiliations [2][3] - Osaic's W-2 channel is positioned to attract advisors interested in the RIA fiduciary model, with significant assets under management and a strategic focus on fee-only or hybrid options [4][5] Company Transition - Veater Financial will maintain its brand while transitioning its three advisors and four support staff to the W-2 employee model [3] - The move is part of a broader trend, with other practices like Schaible Russo Financial and Virtus Wealth Solutions also joining Osaic's W-2 channel [7] Osaic's Strategy - Osaic's W-2 channel reported approximately $57 billion in client assets and an additional $24 billion in the pipeline as of September [5] - The overall independent broker/dealer has $760 billion in assets across various affiliation models, indicating a robust market presence [5] - Osaic CEO Jamie Price emphasizes the importance of the W-2 advisor channel in capturing advisor interest and enhancing operational infrastructure for growth [4][6]

Core Insights - Advisor360° has launched an AI-native Wealth Operating System designed to support advisory firms of all sizes, enhancing integration and workflow efficiency [2][3] - The platform is built on a Unified Data Fabric, combining various functionalities such as CRM, onboarding, trading, compliance, and reporting into a single system [3][4] - The company has expanded its capabilities through the acquisition of Parrot AI, integrating its automated note-taking and communication features into the Advisor360° platform [5] Group 1 - The new AI-native platform allows advisory firms to operate on a single data foundation, facilitating easier integration of third-party applications and enabling the use of agentic AI [2][4] - Advisor360° has enhanced its AI virtual assistant with voice-enabled prompts, allowing users to interact naturally and perform various tasks [6] - The user base of Advisor360° has grown to serve 3 million households with $1 trillion in assets, indicating significant market penetration [7] Group 2 - The company plans to unveil its reimagined digital advisor experience through a national event series in major cities, including Boston, New York, and Chicago, in 2026 [8]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Osaic Inc. has hired Shannon Reid from competitor Raymond James as its next president and head of advisor growth and engagement. She will assume the role on Jan. 12 as part of what Osaic billed as an organizational realignment that began in July.  Reid joins Osaic from a role as president of Raymond James Financial Services in a move first reported by WealthManagement.com on Monday. She ha ...

Core Insights - UBS Global Wealth Management US announced that Wise River Advisors has been named to Forbes America's Top Private Wealth Management Teams list for 2025, ranking 10 nationally [1] - This marks the fourth consecutive year that Wise River Advisors has been recognized on this prestigious list [1] Company Overview - Wise River Advisors operates as a Private Wealth Team within UBS's Los Angeles office, serving clients in Los Angeles, Orange County, and beyond [1] - The team provides comprehensive wealth management services [1]

Deals in the wealth management space surged in the third quarter and are expected to continue climbing in the new year https://t.co/kdpVGgPr1O ...

Crypto bank Anchorage acquires Securitize's wealth management unit https://t.co/fD8vBhNzyZ ...