Record-Breaking Assets Under Supervision
Assets under supervision rose to a record $3.2 trillion, marking the 29th consecutive quarter of long-term fee-based net inflows.
Strong Wealth Management Growth
Total Wealth Management revenue grew 11% year-over-year to $2.2 billion, with client assets reaching a record of $1.6 trillion.
Significant Fundraising in Alternatives
Raised another $19 billion in the quarter for alternatives, bringing total fundraising to $342 billion since 2019.
Impressive Equity Performance
Equities net revenues were a record $4.2 billion in the quarter, with equities intermediation revenues rising 28% year-over-year.
Capital Management Flexibility
The Board authorized a multi-year share repurchase program of up to $40 billion, providing increased capital management flexibility.