Revenue and EPS Growth
Adjusted operating revenues increased 11% year-over-year to $4.8 billion, and adjusted operating EPS rose 19% to a record $11.26 in Q1 FY2026.
Best-in-Class Return on Equity
Return on equity exceeded 54%, improving ~140 basis points year-over-year, reflecting strong profitability and capital efficiency.
Asset Base Expansion
Total assets under management, administration, and advisement grew 12% to $1.7 trillion; total client assets rose 12% to $1.1 trillion, and wrap assets increased 16% to $664 billion.
Adviser Productivity and Engagement
Adviser productivity increased 10% year-over-year to a record $1.2 million per adviser; transactional activity was up 10%, and client satisfaction remained high at 4.9 out of 5.
Strategic AFIG Win (Huntington Bank)
Signed a multiyear agreement with Huntington Bank expected to add ~260 advisers and approximately $28 billion in assets, with onboarding beginning later this year (anticipated in Q4).
Strong Asset Management Performance
Asset Management AUM/A increased 8% year-over-year to $706 billion; operating earnings rose 13% to $273 million, revenues increased 8% to $910 million, and margin expanded to 44% (above the 35%-39% target range).
Product Momentum and Recognition
ETF platform surpassed $10 billion AUM; >70% of funds are above peer median over 1-, 3-, and 5-year periods and 85% over 10 years; Columbia Threadneedle ranked in Barron's top 10; US fixed income team earned four 2026 Lipper Awards.
Retirement & Protection Cash Generation
Retirement & Protection delivered pretax adjusted operating earnings of $190 million in the quarter and management reiterated an expectation of approximately $800 million of earnings per year over time.
Strong Capital Position and Shareholder Returns
Returned 88% of operating earnings in Q1 (approximately $936 million); opportunistic repurchase of 1.6 million shares; quarterly dividend increased by 6%; excess capital and holding company available liquidity each ~$2.3 billion.
Progress on Technology and AI Integration
Investments in an integrated adviser-focused tech platform and embedded AI/automation showing early productivity benefits (eMeeting and Advice Insights cited as time-saving tools); management expects continued adviser efficiency gains over time.