You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Elevation Point, a minority investor in independent and breakaway advisors launched last year by former Sanctuary Wealth CEO Jim Dickson, has brought on Katie Johnson, former president, partner and head of people and operations at FiComm Partners, as head of wealth solutions, a new position. She will continue with FiComm as a board member and equity partner. The company has also promoted Brad Sm ...

Core Insights - Wealth is viewed as a journey rather than a destination, with the first million being a steppingstone towards continued financial growth [1] Group 1: Financial Habits of the Wealthy - Wealthy individuals prioritize aggressive saving, often saving 25% or more of their gross income annually, contrary to the common advice of saving 10% to 15% [4][5] - Successful clients maintain high savings rates across various income levels, demonstrating a commitment to saving regardless of financial circumstances [5] - Starting with a minimum savings rate of 10% is recommended for those not yet able to save 25%, emphasizing the importance of beginning the saving habit [6] Group 2: Wealth Protection Strategies - Protecting wealth is as crucial as earning it, with wealthy individuals preparing for challenges such as market volatility, inflation, and potential lawsuits [6] - Understanding market dynamics and developing a personal investing style are essential for maintaining wealth over time [6]

Financial Data and Key Metrics Changes - Non-GAAP operating earnings were $455 million, or $1.48 per share, down 6% year over year on a per-share basis [4][14] - Adjusted for notable items, non-GAAP operating EPS was $1.67, up 2% compared to the prior year [5][14] - Total assets under management reached a record $1.1 trillion, up 4% sequentially and 7% year over year [5][14][16] - The consolidated GAAP net loss was $1.3 billion, primarily due to a one-time impact from asset transfers related to the life reinsurance transaction [14] Business Line Data and Key Metrics Changes - Retirement businesses generated $1.1 billion of net flows during the quarter, driven by growth in umbrella sales [5] - Wealth management had $2.2 billion of advisory net inflows, reflecting a 12% annualized growth rate [5] - Asset management reported total net outflows of $2.3 billion, but excluding low-fee assets transferred to RGA, net inflows were $1.7 billion [5][18] Market Data and Key Metrics Changes - The retirement segment saw a 7% increase in RILA sales, achieving record sales in nine of the last ten quarters [31][44] - Private markets assets increased 17% year over year to $80 billion, on track to meet the $90-$100 billion target by 2027 [5][13] Company Strategy and Development Direction - The company focuses on three core growth businesses: retirement, asset management, and wealth management, which provide synergies and flywheel benefits [8][9] - Key strategic pillars include defending and growing existing businesses, scaling high-growth wealth management, and investing in high-potential opportunities [8][9] - The acquisition of Stifel Independent Advisors aims to enhance the wealth management business, expected to close in the first half of 2026 [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2027 financial targets, supported by strong organic growth momentum and increased assets under management [4][23] - The company anticipates continued double-digit growth in wealth management earnings, driven by asset growth and improved advisor productivity [11][18] - Management expects to see less volatility in life results going forward due to the benefits of the life reinsurance transaction [14][35] Other Important Information - The company returned $757 million to shareholders, including $676 million in share repurchases, and reduced outstanding debt by $500 million [7][21] - The adjusted debt to capital ratio was reported at 24.5% [16] - The consolidated tax rate for the quarter was 17%, below the normal expectation of 20% [20][21] Q&A Session Summary Question: Perspectives on the private credit environment and underwriting process - Management views private credit as a good asset class and emphasizes the importance of underwriting capabilities [25][28] Question: Differentiation in the RILA market amidst increased competition - The company maintains a sustainable edge through attractive yields, privileged distribution, and a track record of innovation [31][32] Question: Comments on unfavorable mortality experience and expectations for normalization - Management noted that retained experience was only about $10 million worse than expected, indicating modest impact from mortality [35] Question: Strategy for capital deployment from the RGA deal - The company plans to balance capital returns and acquisitions, emphasizing the ability to do both due to excess capital [58][59] Question: Growth opportunities in the spread lending business - The company has significant capacity to grow the FABN business, having issued about $4.5 billion year to date [61]

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Dubai’s emergence as a global wealth centre illustrates how jurisdictions are moving beyond incentives to build comprehensive ecosystems. In September 2025, the Dubai Multi Commodities Centre (DMCC) launched the DMCC Wealth Hub to support family offices, private capital and advisory firms establishing a presence in the city. The initiative offers governance and succession planning support, as well as investment and structuring guidance as part of Dubai’s broader strategy to become a global headquarters for ...

Core Viewpoint - Australia's Perpetual is in exclusive discussions with Bain Capital Private Equity regarding the potential sale of its Wealth Management arm, although there is no guarantee of a binding agreement or transaction proceeding [1]. Group 1: Sale Discussions - Perpetual has signed an exclusivity deed with Bain Capital as it moves forward with discussions about selling its Wealth Management division [1]. - Earlier in 2024, Perpetual had a A$2.18 billion ($1.42 billion) agreement with KKR to sell both its wealth management and corporate trust operations, but later decided to sell only the wealth management segment separately [2]. - The company has previously attracted takeover interest, rejecting a A$1.7 billion offer from a consortium including Regal Partners in 2022 and a A$3.1 billion bid from its largest shareholder, Washington H Soul Pattinson, in 2023 [3][4]. Group 2: Financial Performance - For the recent full-year results, Perpetual's Wealth Management division reported revenue of A$235.6 million, reflecting a 4% increase from the previous year [2]. - Despite the revenue increase, underlying profit before tax decreased by 5%, attributed to slower growth in non-market-related income and higher costs [3]. - The Wealth Management division manages A$21.5 billion in funds under advice [3]. Group 3: Operational Overview - Perpetual operates globally across asset management, wealth management, and trustee services under various brands, including Perpetual, Barrow Hanley, Pendal, J O Hambro, Regnan, TSW, and Trillium [4]. - Wealth management services are provided through Perpetual Private, Fordham, and Jacaranda Financial Planning, while the corporate trust division serves managed funds and the debt market both locally and internationally [5]. - Perpetual has a global presence with offices in Asia, Europe, the US, and the UK [5].

Perpetual signed an exclusivity arrangement with Bain Capital as talks advance over a potential sale of the Australian firm’s wealth management business https://t.co/8LpgL4ey91 ...

Core Insights - The article discusses the potential for integrating annuities into 401(k) plans as a solution to the retirement savings gap, emphasizing the need for consumer education and product innovation [2]. Group 1: Regulatory Changes - The Department of Labor is implementing President Trump's directive to allow alternative assets in 401(k) plans, although progress has been hindered by a government shutdown [2]. - In August, the Department rescinded a statement from the Biden administration that discouraged fiduciaries from including alternative investments in employer-sponsored retirement plans [2].

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Merit Financial’s latest addition is a Wisconsin-based firm managing $715 million in assets.  The deal to buy Mennenga Tax & Financial comes on the heels of Constellation Wealth Capital’s minority stake in the Georgia-based firm announced this summer.  It is Merit’s 51st acquisition, with Merit Managing Principal Zach Mersberger saying the agreement reflects the firm’s “continued f ...

Group 1 - Hong Kong aims to become one of the world's largest wealth management centers in the coming years, supported by favorable policies for capital and family offices [1] - The establishment of a global gold trading market in Hong Kong is expected to enhance the efficiency of gold trading and its role as a reserve asset amid increasing global demand [1] - Hong Kong's stability is emphasized as a reliable partner for global investors and enterprises seeking asset diversification and risk reduction [1] Group 2 - Hong Kong's financial market has shown positive progress, with IPO financing exceeding $26 billion this year, ranking first globally with 80 companies listed on the main board [2] - The Hong Kong government is reforming the listing system to optimize the financing environment for overseas companies and promote RMB-denominated stock trading [2] - A roadmap for the development of fixed income and currency markets was released in September, aimed at attracting primary market issuances and enhancing secondary market liquidity [2] Group 3 - The Asian Infrastructure Investment Bank (AIIB) will establish an office in Hong Kong, leveraging the city's financial diversity to provide comprehensive services [2] - The past year has presented challenges in the financial environment, with macroeconomic changes, slow economic growth, and rising government debt [2][3] - The rise of artificial intelligence and cryptocurrencies poses new challenges and dimensions for traditional financial intermediation, necessitating close monitoring of market dynamics by financial leaders [3]