Conservative Balance SheetVery low leverage and a sizable equity base provide durable financial flexibility and downside protection. This structure supports resilience through market cycles, enables opportunistic investments or M&A, and reduces refinancing risk, underpinning long-term capital allocation ability.
Sustained ProfitabilityConsistently strong margins and earnings power indicate durable competitive economics for the advisory/asset-management model. Higher margins allow reinvestment in technology and client service, buffer fee pressure, and sustain returns to shareholders across industry cycles.
Positive Free Cash Flow HistoryMulti-year positive free cash flow supports organic growth, client service investment, and shareholder distributions without heavy reliance on external financing. Persistent FCF, even if variable, underpins long-term financial autonomy and strategic optionality.