Record Client Assets Growth
Total client assets increased by 76% quarter-over-quarter, reaching more than $300 billion, a record high for a quarter end.
Successful Amundi Transaction
Closed on a strategic transaction with Amundi, including the acquisition of Amundi U.S. business, enhancing diversification and expanding capabilities.
Strong ETF Performance
ETF platform posted positive net flows of more than $4 billion, bringing ETF assets under management to $15 billion, up nearly 90% from the same time last year.
Margin and Earnings Achievements
Adjusted EBITDA was $179 million with a margin of 50.8%. Adjusted net income with tax benefit was $133 million or $1.57 per diluted share.
Increase in Share Repurchase Plan
Board authorized an increase to the share repurchase plan from $200 million to $500 million, the largest in the company's history.