Financial Data and Key Metrics Changes - The company reported a record revenue of £19.2 billion, reflecting a 4.6% growth year-on-year while maintaining flat business-as-usual costs [2] - A proposed final dividend of £0.51 was announced, representing a 4.1% increase compared to the previous year [2] Business Line Data and Key Metrics Changes - The company has reshaped its operations to focus on UK wealth management and has launched a suite of retirement strategies to meet growing client needs [2] - The integration of three acquisitions made earlier in the year is progressing well, with expected synergies of $1 million [9][10] Market Data and Key Metrics Changes - The UK market for retirement planning is expected to grow significantly, with nearly a quarter of the UK population projected to be 65 or older in the next 15 years [13] - The company has identified opportunities in financial planning, with 5,000 firms still operating in the UK despite ongoing consolidation discussions [8] Company Strategy and Development Direction - The company is focused on reigniting growth through digital capabilities, including AI implementation to enhance client service and investment performance [6][7] - The strategy includes both organic and inorganic growth, with a disciplined approach to potential acquisitions [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic challenges and emphasized the importance of strong client relationships [12][40] - The company is optimistic about the potential of its financial planning business and the integration of Brooks Financial, which is expected to enhance service delivery [28][40] Other Important Information - The company is transitioning to a paperless process and has launched a new app to improve client engagement [38] - The average portfolio of the company's clients is reported to be 550% higher than the UK average, indicating a focus on affluent and high-net-worth clients [29] Q&A Session Summary Question: AI implementation impact on user experience - Management highlighted ongoing investments in AI to improve client service and optimize investment data outputs [6][7] Question: M&A integration and future outlook - The integration of recent acquisitions is on track, with a focus on finding the right fit for future acquisitions [10][11] Question: Investment levels and flow outlook - Total investment spend for FY 2025 was around £15 million, with expectations to maintain this level in FY 2026 [19][20] Question: Advisor engagement initiatives - The company is enhancing advisor engagement through various initiatives, including roadshows and improved marketing strategies [36][38] Question: Regulatory environment and contractual obligations - Management does not anticipate material changes from the FCA's ongoing review, maintaining confidence in existing contractual liabilities [46][47]