Record Financial Performance
Achieved record revenues and net income for the fifth consecutive year, with annual net revenues of $14.1 billion (10% growth) and pretax income of $2.71 billion (3% growth).
Strong Asset Growth
Record client assets of $1.73 trillion, 11% year-over-year growth in client assets under administration, and record net bank loans of $51.6 billion.
Successful Adviser Recruitment
Record recruitment of financial advisers with $407 million trailing 12-month production, a 21% increase over last year's record.
Capital Markets Segment Performance
The Capital Markets segment achieved its third-highest revenue on record, supported by strong M&A and debt underwriting activities.
AI and Technology Investments
Invested approximately $1 billion in technology, including strategic AI initiatives, and appointed a Chief AI Officer and Head of AI Strategy.