Wealth Management

Noah Holdings (NYSE: NOAH & HKEX: 6686) reported Q2 2025 net revenues of RMB 630 million, a 2.2% YoY increase, with non-GAAP net income surging 78.2% YoY. Overseas revenue accounted for nearly half of total net revenues. AUM reached RMB 145.1 billion. Noah is expanding its global presence, including a partnership with Coinbase for a stablecoin yield fund, and focusing on AI integration and operational efficiency to sustain growth. The company is strategically targeting global Chinese HNWIs with diverse product offerings and enhanced services.

C&F Financial Corporation (CFFI) announced a $0.46 per share quarterly cash dividend, payable October 1, 2025, to shareholders of record on September 15, 2025. C&F operates 31 banking and 5 commercial loan offices in Virginia. Through subsidiaries, it offers wealth management, mortgage services, and vehicle financing across the Mid-Atlantic, Midwest, and Southern U.S.

Raymond James Financial (RJF) has added a 16-member advisory team, formerly with M Financial Group, to its Raymond James Financial Services (RJFS) independent channel. Led by Thomas C. Rapp, Ronald J. Greenberg, and Patrick Maguire, the team manages approximately $1.8 billion in client assets. Based in Morristown, NJ, and West Palm Beach, FL, they specialize in wealth management strategies for ultra-high-net-worth families. This acquisition enhances Raymond James’ wealth management capabilities, bringing their total client assets to approximately $1.64 trillion as of June 30, 2025.

UBS Global Wealth Management US has opened a new flagship office in downtown Napa, California. This move signifies UBS’s increased commitment to the region and its affluent clientele within the Napa Valley economy. The 4,000-square-foot office features modern facilities and panoramic views. According to UBS executives, the new office is designed to enhance client service and integrate more deeply into the Napa community. UBS aims to provide exceptional service and personalized advice to meet client’s needs. UBS has operated in the Napa area for over 30 years.

Financial advisors Chuck Heare, Ross Heare, Tommy Goth, and Jennifer Goth-Castillo, managing $480 million in client assets, have joined Q5 Wealth Management, an existing Ameriprise practice, from UBS Financial Services. Motivations included Ameriprise’s client-first culture, the freedom to build out support models, and shared values. Q5 has experienced significant growth, adding Scott Guptill and Kurtis Bell, and now manages over $1.9 billion in client assets with a team of 11 advisors and 7 support staff.

BMO is acquiring Burgundy Asset Management for $625 million in BMO shares to expand its wealth management services. This deal significantly strengthens BMO’s capabilities for high-net-worth and ultra-high-net-worth clients. Burgundy, with $27 billion in assets under management, will integrate into BMO Wealth Management, enhancing BMO’s position in the Canadian Investment Counsel market. The acquisition is expected to close by the end of 2025.

UBS Wealth Management US welcomes Mellany Bagtas as a Financial Advisor in New York City, based at the 299 Park Avenue office. Bagtas, previously at Morgan Stanley, brings experience to serve high-net-worth clients, offering tailored financial strategies. UBS highlights her expertise in wealth preservation, planning, and customized solutions.

PKS Investments, a Binah Capital Group company, is a finalist in two categories for the 2025 Wealth Management Industry Awards (“The Wealthies”). PKS is recognized for its Transition Support/Transition Services and CEO Katherine Flouton is a finalist for Chief Executive of the Year. This highlights PKS’s expertise in supporting advisors and leadership within the wealth management sector, showcasing Binah Capital’s commitment to empowering independent financial advisors. Winners will be announced September 4th in NYC.