Shivachandran Masilamani’s Post

🚀 Charles Schwab Reports Q3 Profit Boost 📊 Charles Schwab saw a rise in third-quarter profit, driven by higher asset management fees and growing client demand for advisory services. The firm’s focus on expanding its wealth management offerings highlights the importance of diversified revenue streams in navigating today’s market dynamics. 💡 Why it matters: Asset managers can draw inspiration from Schwab’s approach—building value through expanded services and strategic client engagement. 📩 Stay ahead of trends like this with AsstMgmtBrief: asstmgmtbrief.com #WealthManagement #CharlesSchwab #AssetManagement #InvestmentStrategy #AsstMgmtBrief Photo Credit: Charles Schwab

Check this out - Fidelity Service Bureau connects institutional buy-side clients with over 65 unique liquidity avenues from the major bulge-bracket firms, North American agency brokers and other external liquidity providers. Visit our site for more information. https://bit.ly/3VCJd9A #ElectronicTrading #EquityTradingPlatform #BuysideClients #HedgeFunds #AssetManagers

This week in advisor moves: Raymond James draws a $1B team from LPL, Sanctuary a $2.2B team from Snowden Lane, LPL a $655M team from Osaic, and Bank of America a private banker managing $2.7B from Citi — plus other key moves from around the industry. #recruiting #wealthmanagement #advisors

Want to get 5.2% return on your cash? 🤔 Whether you're a business owner, or want this personally - You can find out how to make your money work harder in InvestEngine's upcoming webinar with DWS Group 📽 What are you waiting for? Link in comments 👇 #investing #saving #business #retailinvesting

We are thrilled to announce that Main Street Financial Services Corp. has declared a quarterly dividend of $0.14 per share for the quarter ending June 30, 2024. This represents a significant increase of 40% from the previous quarter's dividend of $0.10 per share. Scheduled for payment on August 16, 2024, to shareholders of record as of August 2, 2024, this increase underscores our ongoing commitment to enhancing shareholder value. Additionally, we are proud to share that we have recently graduated to the OTCQX Market, which is expected to improve the exposure and trading of MSWV common stock. At Main Street Financial Services Corp., headquartered in Wooster, Ohio, and boasting a $1.4 billion asset base, we remain dedicated to serving our communities with robust banking solutions and upholding strong financial health. #Finance #Banking #Dividend #ShareholderValue #OTCQX

Giant custodian BNY Pershing faces just one more period of massive deconversions of client assets stemming from the collapse of First Republic last year. Here are the key takeaways for financial advisors from the latest update on the giant custodian’s business after the second quarter. #earnings #wealthmanagement #financialadvisors

Great panel discussion hosted by the amazing Alvina Lo! The group discussed how technology and data is transforming Wealth Management, the opportunity to unlock value across the industry, and how to meet rapidly changing customer expectations. #wealthtech

Katz Wealth Management is hosting a client-wide state of the market’s client zoom on Wednesday, September 4th at 4pm EST featuring, Mike Ryan, CFA, Divisional Vice Chairman, and Managing Director and Senior Portfolio Manager, Jason Maxwell Katz, CIMA®. Mike and Jason will provide their market views and economic outlook going into Fall 2024. Please RSVP to [email protected] if you would like to attend. https://lnkd.in/gRsXhFYq   **For U.S. Residents Only. All information and comments are provided for current, informational purposes only and are not intended to be, nor should they be seen as, any form of promotion or solicitation of UBS services or products or advice to invest in any products. Nothing contained here is intended to be directly focused toward the residents of any particular country or jurisdiction. See https://lnkd.in/gubX5Emm for the full disclosure.

In order to avoid overpaying for services based on a dated pricing scheduled, a formal custodian fee review can help. https://bit.ly/3W7Bm4c Learn how Mercer Sentinel can help clients understand whether their custody fees are competitive compared to current offerings in the marketplace. #investments #RiskMitigation #wealth

An interesting observation from this page of TOI. Two different regulators giving contradictory reasons for where savings are heading. The RBI governor says Savings is moving to the progressive Mutual Funds. The SEBI chair says it’s moving to the regressive F&O segment. Actually both the statements are true. Data says while long term MF investors are making stellar double digit returns, 89% of F&O traders are making losses. Hope to see both of the regulators implementing much more initiatives like increasing STT on F&O in the recent budget to encourage healthy investment habits. Hope and wish to see the F&O money which has been depleting wealth, heading to MFs to create wealth. Gambling (sorry for want of a better word to caution small investors about F&O trading ) destroys wealth whereas discipline, prudence and patience(MF) creates wealth.