Financial adviser

ASML cautions investors regarding Tutanota LLC’s “mini-tender” offer

Retrieved on: 
Thursday, March 28, 2024
ASML Holding, ASML, Letter, Tutanota, News, AFM, Disclosure, Market, Financial adviser

ASML is not associated in any way with Tutanota or its mini-tender offer and recommends that shareholders reject this unsolicited mini-tender offer.

Key Points: 
  • ASML is not associated in any way with Tutanota or its mini-tender offer and recommends that shareholders reject this unsolicited mini-tender offer.
  • ASML recommends that shareholders do not tender their shares in response to Tutanota’s offer because Tutanota’s offer is conditioned on, among other things, the closing price per share of ASML’s ordinary shares exceeding the offer price on the last trading day before the offer expires and is subject to numerous additional conditions, including Tutanota obtaining financing for the offer.
  • Tutanota also states in its offer documents that it expects to extend the offer for successive periods of up to 180 days until the market price of ASML’s ordinary shares exceeds the offer price.
  • ASML warns investors that the offer does not comply with, and does not offer the protections of, the public offer regulations of the Dutch Financial Markets Supervision Act.

Hywin Holdings Announces Strategic Business Transformation Plan

Retrieved on: 
Wednesday, March 27, 2024
Growth, Ford Type 9 transmission, Insurance, Risk, Type 4, American depositary receipt, Security (finance), CSRC, HYW, City, AUM, Type 5, Financial adviser

SHANGHAI, China, March 27, 2024 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin”, or the “Company”) (NASDAQ: HYW) today announced its plan for strategic business transformation in light of recent regulatory policies and market developments.

Key Points: 
  • SHANGHAI, China, March 27, 2024 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin”, or the “Company”) (NASDAQ: HYW) today announced its plan for strategic business transformation in light of recent regulatory policies and market developments.
  • Sharpen focus on the following businesses:
    insurance brokerage services: Hywin will simplify and improve the competitiveness of its commission structures in order to promote its insurance brokerage business.
  • As part of the business transformation plan, Hywin is undertaking a structural reorganization plan, which includes elimination of certain positions and aggressive cost saving measures, including the redundancy of approximately 300 middle- and back-office employees.
  • While the Company believes its strategic business transformation plan will open up opportunities for a “New Hywin” and bring about sustainable growth in the long run, it cautions investors about the risks associated with investing in the Company’s American Depositary Shares.

Flourish / Wealth Management IQ Survey Finds Advisors Vastly Underestimate Clients’ Held-Away Cash Holdings

Retrieved on: 
Tuesday, March 26, 2024
CRM, FDIC, APY, Wealth management, Research, Insurance, WMIQ, RIAS, Safety, Operation, Orbit, Financial adviser

Key findings and insights include:

Key Points: 
  • Key findings and insights include:
    Clients’ cash holdings are vastly underestimated: Surveyed advisors believe their average client holds 7% of their net worth in cash, while high net worth individuals actually hold more than 30% of their net worth in cash .
  • Clients want high yield on their cash: 92% of advisors report that their clients have expressed interest in high-yield savings accounts (HYSAs).
  • Advisors have the opportunity to improve relationships while helping clients earn more by offering a cash management solution to every client."
  • Flourish Cash , Flourish’s cash management solution, built explicitly for RIAs, offers clients competitive interest rates and elevated FDIC insurance through its Program Banks.

Idaho Central Credit Union Selects Priority Financial Group to Elevate Wealth Services Department

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Banking, Professional Services, Fintech, Philosophy, Partnership, Idaho Central Credit Union, Fidelity, PFG, ICCU, Priority, Financial adviser

Priority Financial Group (PFG) , a third-party registered investment advisor (TP-RIA) serving financial advisors and financial institutions, announced a strategic relationship with Idaho Central Credit Union (ICCU), a premier credit union in Idaho and Washington with approximately $10 billion in assets and more than 600,000 members.

Key Points: 
  • Priority Financial Group (PFG) , a third-party registered investment advisor (TP-RIA) serving financial advisors and financial institutions, announced a strategic relationship with Idaho Central Credit Union (ICCU), a premier credit union in Idaho and Washington with approximately $10 billion in assets and more than 600,000 members.
  • Aimed at broadening ICCU’s wealth management offering, the collaboration marks PFG’s inaugural partnership with a credit union in Idaho and the firm’s first credit union client with a Private Client Group.
  • “We love the cultural match in partnering with Priority Financial Group, and we’re excited to take our wealth management capabilities to the next level,” said Jeppsen.
  • Chris and his team represent the type of visionary credit union executives and quality financial advisors who truly care about placing their members’ best interests first.”

Advisor With Over $100 Million in Assets Joins Ameriprise to Elevate the Experience He Delivers for Clients

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Finance, J.P. Morgan & Co., Financial adviser

Financial advisor Joe Chairez MBA, CFP®, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from J.P. Morgan Securities with $105 million in assets in Dallas, Texas.

Key Points: 
  • Financial advisor Joe Chairez MBA, CFP®, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from J.P. Morgan Securities with $105 million in assets in Dallas, Texas.
  • Reflecting on his decision to join Ameriprise, Chairez said, “I was drawn to the capabilities Ameriprise offers that will help me deliver an even greater experience to my clients.
  • “Everyone at Ameriprise is so helpful and genuine,” he shared.
  • “I knew Ameriprise had the expertise, dedicated resources and support to facilitate my transition well, and they certainly delivered.”
    Chairez is supported locally by Ameriprise Complex Director Thomas Harris and Ameriprise Regional Vice President Mitchell Doren.

Waverly Advisors Acquires McShane Partners

Retrieved on: 
Tuesday, April 9, 2024
Legal, Insurance, Finance, Public Relations, Investor Relations, Consulting, Banking, Accounting, Communications, Professional Services, Other Professional Services, Adviser, Partnership, Acquisition, McShane, RIAS, Financial adviser

Waverly Advisors, LLC (“Waverly”), a federally registered investment adviser (“RIA”) that specializes in investment management, financial planning, and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired the investment advisory business of McShane Partners (“McShane”), based in Charlotte, North Carolina.

Key Points: 
  • Waverly Advisors, LLC (“Waverly”), a federally registered investment adviser (“RIA”) that specializes in investment management, financial planning, and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, has acquired the investment advisory business of McShane Partners (“McShane”), based in Charlotte, North Carolina.
  • McShane was founded in 1985 as one of the first fee-only RIAs in Charlotte.
  • “The McShane team brings additional strategies to Waverly's growing public and private market investment options,” said Justin Russell, President of Waverly.
  • “It is clear that Waverly shares these values, and we are confident this partnership will offer increased resources and support for our clients.”
    The acquisition of McShane marks Waverly’s thirteenth transaction since accepting an equity investment in December 2021 from Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform.

Birmingham, Alabama-Based Fairvoy Private Wealth Goes Independent with Dynasty Financial Partners

Retrieved on: 
Tuesday, April 9, 2024
Personal Finance, Technology, Finance, Fintech, Consulting, Banking, Professional Services, Software, Digital Cash Management, Digital Assets, Asset Management, Diamond, Partner (business rank), Merrill (company), Research, Fidelity, Dynasty, Financial adviser

Dynasty Financial Partners today announced that Fairvoy Private Wealth has joined its industry-leading platform of technology-driven wealth management tools and services.

Key Points: 
  • Dynasty Financial Partners today announced that Fairvoy Private Wealth has joined its industry-leading platform of technology-driven wealth management tools and services.
  • Fairvoy Private Wealth is an independent wealth management firm based in Birmingham, Ala., staffed by professionals from Merrill Lynch, including:
    Stephen Davis, CFP®, ChFC®, APMA®, Managing Partner, Senior Private Wealth Advisor
    Neal Carroll, CFP®, CPWA®, CPFA®, Chief Operating Officer, Senior Private Wealth Advisor
    Ashley Davis, CPA®, CRPC®, Chief Financial Officer, Senior Private Wealth Advisor
    The name "Fairvoy" invokes the firm's dedication to fairness and upholding its clients’ best interests on their wealth-management voyages.
  • “We are pleased to welcome the Fairvoy team to our Dynasty family and thrilled to include a new firm in the growing Birmingham market," said Shirl Penney, CEO and Founder of Dynasty Financial Partners.
  • Fairvoy has selected Fidelity as its custodian, Black Diamond for performance reporting, and eMoney Advisor for financial planning.

YCharts and Savant Wealth Management Enhance Partnership To Elevate Client Engagement With Streamlined Proposal Generation

Retrieved on: 
Monday, April 8, 2024
Software, Internet, Finance, Asset Management, Data Management, Small Business, Professional Services, Technology, Research, Partnership, Securities research, RIA, Investment, Growth, AUM, Communication, Financial adviser

This strategic collaboration aims to empower advisors with enhanced capabilities, accelerating business growth by optimizing proposal generation and strengthening client communication.

Key Points: 
  • This strategic collaboration aims to empower advisors with enhanced capabilities, accelerating business growth by optimizing proposal generation and strengthening client communication.
  • YCharts Presenter will arm Savant advisors with powerful, time-saving solutions such as Proposals, enabling customizable client report generation to scale AUM growth and enhance overall client satisfaction.
  • James Han, Chief Customer Officer at YCharts, said, “The deepening of our strategic relationships with industry-leading RIA clients like Savant Wealth Management showcases YCharts’ commitment to offering adaptable tools to support job functions across the wealth management enterprise, simplifying collaboration, and improving scalability.
  • For firms seeking to elevate their practices, this partnership between YCharts and Savant is a compelling example of the transformative power of technology in the wealth management industry.

Alliant Retirement Consulting Named Top DC Advisor for Multi-Office Firms for Fourth Consecutive Year

Retrieved on: 
Tuesday, April 9, 2024
Insurance, Human Resources, Finance, Seniors, Consulting, Professional Services, Small Business, Consumer, Asset Management, Top, NAPA, ARC, National Association, Climate, Financial adviser

The National Association of Plan Advisors (NAPA) has named Alliant Retirement Consulting (ARC) , a division of Alliant Insurance Services , one of the Top DC Advisors for Multi-Office Firms for 2024 .

Key Points: 
  • The National Association of Plan Advisors (NAPA) has named Alliant Retirement Consulting (ARC) , a division of Alliant Insurance Services , one of the Top DC Advisors for Multi-Office Firms for 2024 .
  • This has earned ARC a position among the top deferred contribution (DC) advisors in the nation for the fourth consecutive year.
  • “This recognition is a testament to the ARC team’s dedication, expertise, and unwavering commitment to delivering exceptional service,” said Kevin Overbey, President, Alliant Employee Benefits.
  • NAPA presents the Top DC Advisor for Multi-Office Firms award to firms that provide exceptional retirement planning advice and help their clients build more financially secure retirements.

MJP Wealth Advisors President Brian Vendig Named to the 2024 Forbes Best-In-State Wealth Advisors List

Retrieved on: 
Monday, April 8, 2024
Asset Management, Professional Services, Finance, Research, MJP, Telephone, Financial adviser

MJP Wealth Advisors , a registered investment advisor and wealth management firm, announced today that its president, Brian Vendig, has been named to the Forbes 2024 Best-in-State Wealth Advisors list.

Key Points: 
  • MJP Wealth Advisors , a registered investment advisor and wealth management firm, announced today that its president, Brian Vendig, has been named to the Forbes 2024 Best-in-State Wealth Advisors list.
  • Brian ranks #40 in Connecticut among high-net-worth advisors.
  • “I am honored to be named to this prestigious list of advisors once again and want to congratulate our entire team for this incredible achievement,” said Brian Vendig, President of MJP Wealth Advisors.
  • The Forbes 2024 Best-In-State Wealth Advisors ranking consists of 8,507 seasoned wealth advisors that collectively oversee more than $13.5 trillion in client assets.