Diversified wealth management and investment banking
Strategic Profile
Fee-based assets now represent 61% of total client assets, with a 16% five-year CAGR in fee-based accounts and 9,076 advisors as of March 2026, supporting recurring revenues and earnings consistency. Recent acquisitions including GreensLedge and Clark Capital enhance advisory and asset management capabilities. Technology and AI investments drive advisor productivity, efficiency, and client experience.
Cyborg Score Rationale
The firm maintains a strong financial position with a 24% total capital ratio, $3B in corporate cash, A-/A3 credit ratings, and 153 consecutive quarters of profitability. Q2 2026 delivered record net revenues of $3.86B (up 13% YoY), net income of $542M, diluted EPS of $2.72, and an annualized return on common equity of 17.3%.
Top Insights
(May 2026) Record $1.92T client assets under administration, up 21% YoY, driven by equity market appreciation and net asset inflows
(April 2026) Clark Capital acquisition ($37B AUM) and GreensLedge deal expand asset management and advisory capabilities in fee-based channels
(March 2026) Private Client Group fee-based assets reached $1.16T, up 27% YoY, representing 61% of total client assets
(February 2026) 2030 strategic target of $20B+ net revenues leveraging technology, advisor recruitment, and financial strength
Named Competitors
Ameriprise Financial — Diversified financial services and wealth management
Morgan Stanley — Investment banking, capital markets, and wealth management
Goldman Sachs — Investment banking, trading, and wealth management
Fidelity Investments — Asset management, brokerage, and wealth advisory
Recent Developments
(May 2026) Client assets reached $1.92T, up 21% YoY; fee-based assets grew 27% YoY to $1.16T in Private Client Group
(April 2026) Closed Clark Capital Management Group acquisition, adding $37B in assets under management and $49B total client assets
(March 2026) Q2 2026 record net revenues of $3.86B (up 13% YoY) with net income of $542M and diluted EPS of $2.72
(February 2026) Announced $20B+ net revenue target by 2030; completed GreensLedge acquisition for advisory platform expansion
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