Record Client Assets
Total client assets increased by 76% quarter-over-quarter, reaching more than $300 billion, marking a record high for a quarter end.
Strategic Acquisition Success
Successfully closed on a multifaceted strategic transaction with Amundi, resulting in significant size and scale increase and $70 million of net expense synergies achieved on a run rate basis.
ETF Platform Growth
ETF platform posted positive net flows of more than $4 billion in the first half of the year, bringing ETF assets under management to $15 billion, up nearly 90% from the same time last year.
Increased 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.
Strong Financial Performance
Revenue increased by 60% from the first quarter, with adjusted EBITDA margin at 50.8% and adjusted net income of $132.8 million or $1.57 per diluted share.