The Motley Fool

JULY 14, 2023

Our as-adjusted tax rate for the second quarter was approximately 25%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2023. The actual effective tax rate may differ because of nonrecurring or discrete items, or potential changes in tax legislation. Operator Thank you.

Asset Management 130

Asset Management Assets Banks Debt 130

Fortune Financial

MARCH 5, 2024

This means staying informed about plan performance, fees and compliance requirements. These tax credits and deductions are not just about immediate savings; they’re about investing in the future financial stability of your business and your employees. The biggest difference between the two is how they are taxed.

Taxes 52

Taxes Leveraging Financial Institutions Performance Fees 52

Pension Pulse

MARCH 19, 2024

Redwood stands to earn administrative and potential performance fees. Redwood will earn ongoing fees to oversee the administration of the Joint Venture and is entitled to earn additional performance fees upon realization of specified return hurdles.

Investing 59

Investing Performance Fees Financing Finance 59

The Motley Fool

JULY 31, 2024

Excluding a nonrecurring, nonincome tax refund in the prior-year quarter, free cash flow was up approximately 25%. I was wondering if you could comment on current BetterHelp tax as we are in the third quarter. The first one you called out I think was a performance fee you received related to the chronic care business.

Leveraging 130

Leveraging Taxes Returns Shareholders 130

The Motley Fool

JULY 31, 2024

Our second-quarter pre-tax income was $248 million, delivering a 23% ROE, excluding mark-to-market on the owned portfolio. Excluding MSR mark-to-market, our pre-tax income increased 7% quarter over quarter, reinforcing the strength of our balanced business model overall. I believe performance fees typically occur end of year.

Capital 130

Capital Amortization Shareholders Financing 130

The Motley Fool

JULY 28, 2023

I know you had highlighted difficult comp on performance fees in the quarter. The second question, I know you typically don't disclose expected tax rates. And unless you want to change the approach now, I'm just hoping you could let us know, given OECD minimum tax reform, internally, are you expecting the tax rate to go up?

Capital 100

Capital Business Services Debt Liabilities 100

Pension Pulse

MAY 22, 2024

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps and below the 28.6

Investing 59

Investing Pension Funds Stakes Assets 59

The Big Picture

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. 00:24:31 [Speaker Changed] We refund the fee.

Investing 52

Investing Capital Shareholders Returns 52

Pension Pulse

MAY 24, 2023

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Performance fees decreased by $621 million driven by fewer realization events in the private equity portfolio given the low transaction activity through the year, partially offset by strong performance of hedge funds.

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

MARCH 27, 2023

And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. And you go through what the endowment is invested in, and there are a few sites that do this because they have to do tax filings. So it’s all available.

Hedge Funds 114

Hedge Funds Funds Assets Financing 114

The Motley Fool

APRIL 12, 2024

Total annualized organic base fee growth of 1% reflected seasonally softer flows earlier in the quarter before coming back to target in March. billion increased 11% year over year, driven by the impact of market appreciation over the last 12 months on average AUM and higher performance fees and technology services revenue.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

billion was 7% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. Our as-adjusted tax rate for the fourth quarter was approximately 24%, driven, in part, by discrete items. Fourth quarter base fees and securities lending revenue of 3.6 Operating income of 6.6

Assets 130

Assets Shareholders Asset Management Capital 130

The Big Picture

FEBRUARY 28, 2023

I was talking to one of our founders, he said, look, a lot of people think we’re in Zug for tax reasons. RITHOLTZ: And are there that much tax advantages to be in Switzerland if you’re operating throughout Europe? He said, we’re here because this is where my mother lived. It’s, like, where’s mom?

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Motley Fool

FEBRUARY 4, 2025

billion, and cash taxes to be $100 million to $200 million in 2025, given a prepayment in 2024. Is that revenue largely recurring, or were there one-time delivery or performance fees lumped in there? We expect to generate free cash flow in the range of $700 million to $900 million for the full year 2025. billion to $1.3

Debt 130

Debt Assets Leveraging Shareholders 130

The Motley Fool

JULY 15, 2024

billion was 8% higher year over year, driven by positive organic base fee growth and the impact of market movements on average AUM over the last 12 months. Higher performance fees and technology services revenue also contributed to revenue growth. Our as-adjusted tax rate for the second quarter was approximately 24%.

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 15, 2025

billion was 23% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. EPS also reflected a lower tax rate partially offset by lower nonoperating income and a higher share count in the current quarter. Fourth-quarter base fees and securities lending revenue of 4.4

Assets 130

Assets Shareholders Capital Asset Management 130

The Motley Fool

JANUARY 15, 2025

billion, with pre-tax margin of 35%. billion was up 13% year on year, predominantly driven by growth in management fees on higher average market levels and strong net inflows, as well as higher performance fees. Then to complete our lines of business, asset and wealth management on Page 7. AWM reported net income of 1.5

Banks 243

Banks Investment Banking Investment Banks Capital 243

The Motley Fool

OCTOBER 29, 2024

And -- we delivered another strong quarter with pre-tax income, excluding mark-to-market on the owned MSR portfolio of approximately $246 million, which is an increase of 8% quarter over quarter and delivering a 24% return on equity. Baron Silverstein -- President, NewRez Thank you, Michael. Good morning. I'm going to start on Slide 16.

Capital 130

Capital Asset Management Assets Performance Fees 130

Private Equity Wire

JUNE 14, 2024

The world’s largest private capital firms have sidestepped income taxes on more than $1tn in incentive fees since 2000 by structuring payments to incur lower levies, according to a report by the Financial Times citing new research from Oxford University.

Taxes 74

Taxes Capital Buyout Performance Fees 74

The Motley Fool

JULY 18, 2024

And then if you could just remind us of what the -- what you think the comp ratio overall on core plus is maybe that's kind of the by product. But a few questions in there, but basically, FRE margin, yes, ex core plus is the base question. And so I think we will see more competitors move into the space. The advantage we have is our brand.

Assets 130

Assets Financing Finance Management Fees 130