Raphael Yeung, CFA’s Post

The wealth management industry is consolidating, impacting investment trusts where they hold significant stakes. Larger wealth managers, formed from mergers like Rathbones and Investec, struggle to invest in smaller trusts due to their substantial assets under management. This consolidation has widened investment trust discounts. **Investment trusts trading at a discount**👉 https://lnkd.in/eeR6KuMy The trend, however, is reversing. New, smaller wealth management firms emerge from previously consolidated entities. These firms, needing £100-£200 million in assets under management to be sustainable, are well positioned to invest in trusts, leveraging their smaller scale to be nimble and capitalise on opportunities. As they grow, these new firms could significantly influence investment trust demand, potentially narrowing discounts and boosting performance. William Heathcoat Amory Kepler Partners LLP #investing #business #economy #markets #money #businessintelligence Source: https://lnkd.in/eb6B9uPK

Excellence isn't just a saying at Lucosky Brookman LLP - it's our foundation. For over a decade, we've quietly built something extraordinary: a law firm that doesn't just serve the capital markets - we help define them. From the trading floor to the boardroom, our fingerprints are on some of the most significant deals in the market. We're not just celebrating our success. We're celebrating the committed and ambitious entrepreneurs who dared to dream bigger, the companies we've guided from startup to IPO, and every milestone in between. Each NASDAQ or NYSE bell ring echoes our commitment to our clients' remarkable journeys. What sets us apart? We don't just advise - we lead. We don't just represent - we transform. And we don't just practice law - we architect tomorrow's success stories. Discover the Lucosky Brookman difference in the video below. Lucosky Brookman LLP – Relationship Focused. Results Driven. Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #lucoskybrookman #nyse #nasdaq #otcmarkets

🚨 Webinar Alert 🚨 On 5th December Silverfin will be joined by Russell Frayne (Gravita), Sarah Gardener (Shaw Gibbs) and Paul Finnegan (CxO Services Limited) to discuss the evolving list of the top 100 firms in the UK and how acquisitions and private equity are transforming the list and the accountancy landscape in general! We’ll also discuss: 🔍 The challenges these shifts bring 🤔 Whether the a Top 100 list still holds relevance in today’s fast evolving industry 🌐 The future of the sector and the tech driving it forward 🔮 Some predictions about this years Top 100 Don’t miss out – register now! 👉 https://ow.ly/6Zc750UgCOT #EnhancedAccounting #Accountants

The News of The Day.. #FLX #DueDiligence #JPMorgan #Alts #JPMAM #MonroeCapital #privatecredit #privatemarkets #FTC #privateequity #CambridgeAssociates #AnderaAuerbach #IPO #venturecapital #altsDCPlans #privatecreditsystematicrisk 📺 Cambridge Associates' Andrea Auerbach's recent Bloomberg appearance discussing the current #privateequity environment inc. looking at #IPO exits, distribution drought, focusing on the compass vs. the clock, distributions need to be re-allocated back to investors, #retailinvestors are a driver of new capital, issues are temporal in nature and need to base investments over full cycle of 7 years and investors need to be patient, #privatecredit has blossomed due to interest rates, a lot of dry powder esp. within funds $5B or more and need to also consider #lowermiddlemarket, #secondaries and have to pick your spots - https://lnkd.in/eM8iYfzB 🛣️ FLX introduces solution to streamline the #DueDiligenceProcess for Asset and Wealth Managers - https://lnkd.in/e8XWShH5 🔝 J.P. Morgan Asset Management is a Quiet Giant in #Alts. A reorganization aims to change that - two due diligence teams that JPMAM and the private bank have to support their #PE and #hedgefund programs will be combined - JPM likes to pursue products where the firm doesn’t have a competitive advantage - looking for the so-called white space. One gap has been private credit (even though the firm considered acquisitions i.e., Monroe Capital LLC as per recent rumor) - https://lnkd.in/eMgrHiu3 🪴 2/5 major U.S. deals in 2022 involved #privateequity investors, a % that has steadily grown over the past two decades. The explosion of M&A involving private investors helps explain the antitrust agencies’ recent focus on private equity as per Mergers and Acquisitions - https://lnkd.in/ee4FtXz4 🧟 More #venturecapital firms than ever are becoming zombies - "In 2023, 15,303 unique investors participated in at least one #VC deal in the US. But this year, that figure has dropped to 11,425 investors, according to the Q3 2024 PitchBook-NVCA Venture Monitor." - https://lnkd.in/e9Dr4DrF 🪙 The Case for #AlternativesinDCPlans - https://lnkd.in/eiXcAaJk ✳️ Fed’s Kashkari Says #PrivateCredit May Lessen Systemic Risk - https://lnkd.in/eXXkwsgn 🎭 European #Privatecredit inflows outperform other alts - https://lnkd.in/euS_YsNv

‘Navigating SPAC Market Challenges for Micro-Cap Issuers’: Lucosky Brookman’s recent article written by author Lawrence Metelitsa and co-authored by Joseph Lucosky and Steven Lipstein!   The recent merger between Digital World Acquisition Corp. and Trump Media & Technology Group Corp. reignited interest in SPACs, with over $300 million retained in the deal. However, a deeper examination of the SPAC market, particularly for micro-cap issuers, uncovers significant challenges.   Advantages of SPACs are supposed to include (1) speed, (2) the ability to negotiate the target's valuation up front and (3) a pool of capital to fund operations and fuel growth. In reality, especially in the case of micro-cap issuers, time to complete a de-SPAC has significantly increased over the last few years while high redemption rates create the need for expensive pipes in order to access capital which has led to immediate downward pressure on stock prices.     Issuers, particularly micro-cap issuers, must navigate these challenges by negotiating costs upfront and seeking high-quality sponsors to ensure effective SPAC transactions in the post-boom era.   Visit the full article at the link below:   https://shorturl.at/glD12   Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions.   #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky Lawrence Metelitsa Steven Lipstein

As Promised, Check Out Lucosky Brookman LLP’s Half Year (H1) Data Report! Despite challenges in the first half of the 2024 micro-cap marketplace, the sector remained active. Some key highlights: - Micro-cap uplisted & cross-listed companies: Raised $93M in H1. - Micro-cap IPOs: Raised $275M with 38 issuers across 7 sectors. - Foreign Private Issuers: 26 completed IPOs in the U.S. Notable trends: - Median capital raise: $6.7M (down 17.3% YoY). - Average public offering price: $4.37 (down 17.8% YoY). - Shift to NYSE: 11.5% increase in NYSE’s listings in 2024. Check out the full report below for more insights on navigating the micro-cap ecosystem. Our team at Lucosky Brookman LLP is here to help you make the most of these market trends -- Let's connect and discuss how we can support your growth! Lucosky Brookman LLP – Relationship Focused. Results Driven. Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky Amit Hazan 

#NJBIZConversations ▶️ SAX Partner Eric Lewandowski offers his assessment of where private equity has been most active this year, the factors driving dealmaking and the M&A market outlook for the second half of 2024. Watch or listen now ⤵️ https://lnkd.in/eJftQvYS

The Origin of the Lucosky Brookman LLP Data Desk! As mentioned previously in our post about the Summer Solstice signifying the near end of Q2, (https://shorturl.at/g9973), the second quarter has come to an end which means the LB data desk has been working hard to collect and review industry data from the micro-cap IPO, uplist & cross-list markets. The LB data desk was created to track every uplist, cross-list, and micro-cap IPO in the marketplace – our goal was to be able to provide real-time, #data-driven insights that empower us to make informed and strategic decisions, while avoiding the pitfalls of conventional yet misguided market strategies. Our clients benefit from the LB data desk every day – Take a listen to our clip below from Centurion One Capital Corp’s Annual Growth Conference to hear the full story on the creation of the LB data desk and reach out to find out more how it can benefit your company! And stay tuned for our 1st half of the year detailed micro-cap IPO report that is being released tomorrow! Lucosky Brookman LLP – Relationship Focused. Results Driven. Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky Amit Hazan Lawrence Metelitsa Nima Besharat Kia Besharat Shamira Kavanagh Centurion One Capital Corp

🎉 Happy New Year 2025! 🎉 As we step into 2025, we at Chatsworth Securities would like to take a moment to thank our clients, partners, and team members for an incredible year. 🚀 2024 was a year of growth, innovation, and meaningful partnerships. From helping businesses expand into new markets 🌍 to securing capital for growth and navigating complex M&A transactions 💼, we remain committed to empowering your vision every step of the way. Looking ahead, we are excited to continue delivering strategic solutions, unlocking opportunities, and driving success for our clients in 2025. 📈 ✨ Cheers to new beginnings, bold strategies, and a prosperous year ahead! ✨ — Chatsworth Securities – Empower Your Vision. #HappyNewYear2025 #InvestmentBanking #MergersAndAcquisitions #BusinessGrowth #ChatsworthSecurities #EmpowerYourVision

🚀 Bullish Outlook for M&A in 2025! 🚀 The GAB24 team remains fully invested and optimistic about the M&A environment heading into 2025, citing favorable tailwinds that could drive significant opportunities. With strategic insights and market readiness, they’re gearing up for what could be an exciting year ahead! #MergersAndAcquisitions #MarketOutlook #InvestmentStrategy #BullishTrends #Finance