Wealth managers are stuffing their menus with more offerings than a Cheesecake Factory, but clients aren’t biting. While advisory firms continue working to become one-stop shops, clients know what they like and are sticking to it, according to a recent Cerulli report. Advisors reported offering six out of the 11 major planning services — such as estate planning, tax preparation, insurance, elder care planning and more — but clients use fewer than three of these services, on average. The gap stems from the ...

Core Insights - The 2025 Bay Area Wealth Conference will be held on November 20 at the Shenzhen Convention Center, focusing on global asset allocation and cross-border wealth management [1][2] Group 1: Conference Overview - The conference is a key forum of the 19th Jinbo Conference, featuring three main highlights: cross-border characteristics with a global perspective, diverse industry representation, and practical topics with actionable insights [2] - It will attract hundreds of participants, including local government representatives, financial institutions, and high-net-worth investors from the Greater Bay Area [2] Group 2: Key Themes and Discussions - The morning forum will cover trends in wealth management, including insights on the cross-border wealth management model and the performance of the Hong Kong stock market [3] - A roundtable discussion will feature industry leaders discussing global asset revaluation, low interest rates, and the collaboration between Shenzhen and Hong Kong [3] - The afternoon sessions will include discussions on quantitative strategies, passive investment trends, and the evolving investment behaviors of high-net-worth clients [4]

Core Insights - The wealth management industry is undergoing unprecedented transformation due to the rapid development of artificial intelligence and digital technologies, reshaping the competitive landscape through smart advisory, big data analysis, customer service, and risk management [1] Event Details - The event titled "Reconstructing the Value Chain: The Future of AI, Data Tools, and Wealth Management" will be held on December 5, 2025, in Beijing, providing a platform for industry elites to share experiences and explore collaboration opportunities [2] - The agenda includes registration, opening remarks, keynote speeches on the role of AI in financial digital transformation, and a discussion among industry leaders, followed by a Q&A session and a self-service lunch [2] Wealth Management Solutions - LSEG offers market-leading data, powerful digital tools, and actionable insights that empower wealth advisors and investors to make confident decisions [6] - The wealth management workflow solutions provide insightful digital tools and features that help advisors access information in real-time, enhancing their efficiency [8] - The wealth data solutions are flexible and intuitive, offering leading market data, advanced analytics, and a customer-centric experience [9] Investor Experience - Recent research highlights five ways to attract investors and build competitive advantages, focusing on the data, insights, and digital experiences that investors require, including digital assets, index strategies, social media for investment ideas, and market outlooks [11] Expertise and Coverage - LSEG provides unparalleled data coverage and workflow-centric solutions for the wealth management community, supported by over 700 dedicated employees with more than 30 years of experience and over 50 global partners [13]

Company Overview - Matter Family Office and IWP Family Office are merging to form a multifamily office under the Matter name, managing over $10 billion in client assets [1][2] - The new firm will employ more than 90 staff across St. Louis, Denver, and Dallas/Fort Worth, serving approximately 140 families [2] Strategic Rationale - The merger aims to enhance scale and resources in a consolidating wealth management market, combining public and private investment capabilities, family office administration, and governance programs [3] - Katherine Lintz, founder of Matter, will serve as managing partner, while Charlie Willhoit, founder of IWP, will take on the role of CEO and managing partner [3][4] Financial Backing - The merger is supported by private equity investor BW Forsyth Partners, which holds a sizable minority ownership in the new Matter [5] - BW Forsyth's investment will facilitate technology enhancements, organic growth strategies, and acquisitions for Matter [8] Asset Management Comparison - Prior to the merger, IWP managed approximately $3.9 billion in assets, while Matter managed around $3.6 billion, indicating that the two firms were roughly equal in size [8]

Core Insights - The Mather Group (TMG) has formed a wealth management partnership with Napa Wealth Management (NWM), enhancing TMG's presence in Northern California and its ability to serve business owners and families [1][4] - NWM manages nearly $300 million in assets and specializes in financial planning and advisory solutions for high-net-worth clients [1][5] - The partnership emphasizes a shared philosophy between TMG and NWM, focusing on clarity, confidence, and a client-first approach in wealth management [2][4] Company Overview - TMG is a fee-only investment advisory firm based in Chicago, with thirteen offices across the US, providing wealth management services to high-net-worth individuals and families [5] - NWM, established in 1997, is headquartered in Napa, California, and caters to high-net-worth and ultra-high-net-worth business owners and families [5] Strategic Expansion - The partnership with NWM is part of TMG's ongoing West Coast expansion strategy, which includes the recent acquisition of Pillar Wealth Management, adding over $200 million in assets [6] - TMG aims to integrate financial planning, customized investment management, tax expertise, and advisory support under a unified fiduciary standard through this partnership [4]

Wolfe Research Wealth Symposium November 13, 2025 Disclaimer Forward-Looking Statements This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks, assumptions, and uncertainties, including statements relating to the market opportunity and future business prospects of Stifel Financial Corp., as well as Stifel, Nicolaus & Company, Incorporated and its subsidiaries (collectively, "SF" or the "Company"). T ...

Core Insights - FNZ has secured $650 million in new equity funding from institutional shareholders, indicating strong investor confidence in the company's growth potential [1][2] - The funding round included participation from notable firms such as La Caisse, Generation Investment Management, and CPP Investments, as well as key clients like Aberdeen Group PLC and Aviva PLC [2] - The funding is seen as a defensive strategy to support FNZ's growth and enhance its technology and product offerings, particularly in the North American market [3][4] Company Developments - FNZ has established a significant presence in North America, with key client implementations that have required substantial resources [3] - The company has formed strategic partnerships, including a notable five-year innovation partnership with Microsoft aimed at transforming the wealth industry through technology [4] - FNZ has made strategic acquisitions in the U.S. wealth management market, including a majority stake in State Street's trust custody unit in 2020 and the acquisition of YieldX in 2023 [4] Financial Metrics - FNZ currently manages or advises on $2.1 trillion in assets, showcasing its substantial scale in the wealth management sector [5]

Core Insights - Brookfield Wealth Solutions reported strong financial results for the quarter ended September 30, 2025, with significant growth in both distributable operating earnings and net income, reflecting the company's operational expertise and investment capabilities [2][4][5]. Financial Performance - Total assets increased to $152.8 billion in Q3 2025 from $137.1 billion in Q3 2024 [2][11]. - Distributable operating earnings (DOE) for Q3 2025 were $427 million, up from $370 million in Q3 2024, and for the nine months ended September 30, 2025, DOE reached $1.3 billion compared to $947 million in the prior year [4][14]. - Net income surged to $608 million in Q3 2025 from $65 million in Q3 2024, with a nine-month net income of $842 million compared to $671 million in the previous year [5][14]. Operational Highlights - The company successfully repositioned assets into higher yielding investment strategies, contributing to the increase in net investment income [4]. - Brookfield Wealth Solutions maintained a strong liquidity position with approximately $32 billion in cash and short-term liquid investments, alongside $25 billion in long-term liquid investments [6]. - The company deployed $4 billion into Brookfield originated strategies at an average yield of 9% and originated $5 billion in annuity sales during the quarter [8]. Strategic Initiatives - The acquisition of Just Group plc, a U.K.-based retirement specialist, is on track to close in the first half of 2026, enhancing the company's international expansion efforts [8]. - A new reinsurance agreement in Japan was announced, effective October 2025, marking a significant step in the company's international growth strategy [8]. Distribution Information - The Board declared a quarterly return of capital of $0.06 per class A and class B share, payable on December 31, 2025, consistent with previous distributions [9].

Core Insights - Brookfield Corporation reported strong financial results for Q3 2025, with significant growth in distributable earnings and record deployable capital [2][5][13] - The company achieved distributable earnings before realizations of $5.4 billion ($2.27 per share) over the last twelve months, representing an 18% increase year-over-year [1][8] - The asset management business saw record fee-related earnings of $754 million, a 17% increase from the prior year [6][14] Financial Performance - Total consolidated net income for the quarter was $284 million, with net income attributable to Brookfield shareholders at $219 million [4][24] - Distributable earnings for the quarter were $1.5 billion ($0.63 per share), up from $1.3 billion in the same period last year [8][21] - The wealth solutions business reported a 15% year-over-year increase in distributable earnings, reaching $1.7 billion over the last twelve months [6][20] Capital Deployment - The company ended the quarter with a record $178 billion of deployable capital, including $74 billion in cash and financial assets [13][17] - Brookfield executed $140 billion of financings in 2025, highlighting strong investor demand and capital market support [17][30] Strategic Initiatives - Brookfield announced an agreement to acquire the remaining 26% interest in Oaktree, enhancing its global credit platform [14][30] - The company is expanding its wealth solutions business globally, marking significant milestones in its growth strategy [2][6] Operating Highlights - Operating businesses generated resilient cash flows, with total earnings from realizations of $642 million over the last twelve months [7][12] - The real estate portfolio maintained strong occupancy rates, with super core assets at 96% and core plus portfolio at 95% [14][30] Shareholder Returns - The Board declared a quarterly dividend of $0.06 per share, consistent with the previous quarter [15][28] - Year-to-date, the company returned $180 million to shareholders through dividends and share repurchases [17][30]

Core Insights - The rise of prediction-market platforms like Kalshi and Polymarket is attracting significant interest from younger retail investors, causing concern within the financial industry [2][5] - These platforms allow users to wager on the outcomes of public events, which some analysts view as part of a broader trend of gamification in finance [3][6] Industry Overview - Prediction markets are regulated by the Commodity Futures Trading Commission, leading to a complex relationship with state gaming boards, particularly as platforms expand into sports betting [4] - The lack of regulation has allowed platforms to grow rapidly, with some analysts noting that this could make future regulatory actions more challenging [5] Company Developments - Robinhood launched its prediction markets hub in March, achieving $100 million in annualized revenue faster than any of its other business lines [7] - eToro plans to introduce prediction markets next year, further expanding its offerings to its 40 million global users [7]