Cathy Saunders and Mary DiChristofano on industry advancements

The real consolidation in wealth management is yet to happen, and one of the key factors that will decide the winners? Having an organic growth engine. Oliver Wyman & Morgan Stanley are claiming that 20% of Wealth & Asset Managers will be acquired by 2029. There are four areas wealth managers can focus on to stay ahead of the curve: 1. Winning the $1-10 million HNW segment 2. Scaling private markets allocations 3. Creating the organic growth machine 4. Building a durable cost base AI can play a big role in progress towards these 4 strategies. It's a very exciting time to be in wealth right now! https://lnkd.in/eCQhMvFs

A must-read from Liz Nesvold in the September issue of Trust and Estates “The Golden Thread: When Money Meets Meaning in a Consolidating Wealth Management Industry:” - Liz offers a candid, insider’s view of how the capital driving M&A activity is reshaping the wealth management industry landscape — and what’s at risk when growth outpaces integration - She reminds us that the heart of wealth management lies in enduring relationships, not just scalable platforms - Firms risk losing the human connection and trust that built their reputations — unless they intentionally preserve it Smart, grounded, and timely — this piece is essential reading for anyone navigating change in our industry. Read the full article here: https://lnkd.in/es6WeFhC

Some interesting updates from the world of private equity: • Bain Capital has closed its latest flagship buyout fund at $14 billion, surpassing its $10 billion target. • Blackstone has reached its $10 billion goal for its Asia buyout fund, with plans to extend to a $12.9 billion hard cap. • EQT Group founder Conni Jonsson will step down as chair after three decades, with Jean EriC Salata taking over the position. https://lnkd.in/eHWDjGvz

TRILLIONS(!) in assets will change hands over the next decade, and the Boomer generation remains at the centre of it. Why are many switching wealth management providers? Our analysis shows that firms winning with Boomers are re-evaluating the client experience. If WM firms don’t act now, they could miss the once-in-a-generation moment to secure long-term relationships before assets move on. Learn more here: https://lnkd.in/esSGVfNH Katia Sand | Jonny Adams | Matt Best | Stuart Lotherington | Alan Morton | Bill Bauer | Kryštof Hon | Josef Dvorak | Juliet Hall | Jerome Freytag | Issy Chappel | Mandy Hudson

US equities, big & beautiful? Jack Caffrey of JPMorgan American explains why he thinks the US is still an essential allocation for investors’ portfolios. #InvestmentTrusts #InvestmentCompanies #Investing Annabel Brodie-Smith Nick Britton, CFA, MCSI Nick Gardner Bashirat O. Richard Stone Debra Henderson-Burton Vanessa Booth Carolyn Morgan Kerry Haxby-Dean J.P. Morgan Asset Management

With private equity growing as an asset class year-over-year, Brookfield’s David Nowak shared what can make the difference between a winning and losing investment with Morgan Stanley’s Richard Zinman. #ForbesSHOOKTopAdvisor

In private equity, firms fall along a financial-to-operational spectrum. Some focus purely on capital and governance — others roll up their sleeves with deep operational involvement. Over the last decade, the shift has been clear: from financial engineering to value creation through hands-on partnership. #PrivateEquityOperators #ExecutiveLeadership #OperatingPartners #PortfolioCompanySuccess #ValueCreation #CLevelTalent #LeadershipInPrivateEquity

🎯 "I think some of what we've seen in the market are ideas that have fixed 10% or 20% allocation to private asset classes regardless of age and circumstances. Those things we just don't think are right for every investor," said Martin Small, Chief Financial Officer of BlackRock on their Q3 2025 earnings call. The firm is targeting 2026 to embed its $660B+ alternatives platform into target date funds using age-based glide paths. #AssetAllocation #PrivateMarkets https://lnkd.in/e3JAzgyK

Stout provided buy-side financial due diligence services to a private equity platform acquiring a Boston-based registered investment adviser. Click here to read more. https://hubs.ly/Q03L_7zH0

Davis Polk advised Morgan Stanley in connection with its $8 billion SEC-registered global senior notes offering. Read more: https://lnkd.in/eX-ZCRKW #CapitalMarkets