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Stock impact report

LPL Financial targets 90% asset retention for Commonwealth onboarding while advancing $2.4T asset base [Seeking Alpha]

Wintrust Financial Corporation (WTFC) 
Last wintrust financial corporation earnings: 4/21 06:15 pm Check Earnings Report
US:NASDAQ Investor Relations: wintrust.com/investor-relations.html
Company Research Source: Seeking Alpha
CEO Richard Steinmeier highlighted a milestone year, stating, "we delivered industry-leading organic asset growth of 8%, including the onboarding of the retail wealth management businesses of Wintrust Financial and First Horizon, which Quick Insights Management is targeting 90% asset retention and expects onboarding to drive near-term growth, with integration progressing and risk mainly tied to adviser retention throughout the process. Risks include aggressive adviser recruiting competition, potential delays in recruiting normalization, and execution risk related to Commonwealth integration and retention targets. Interest rate cuts could negatively impact cash yields and EBITDA estimates, partially offsetting asset growth; management expects some shift in client cash flows as rates decrease. Recommended For You More Trending News Show less Read more
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