# ![@neil_sipes4 Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1148584218731134976.png) @neil_sipes4 Neil Sipes

Neil Sipes posts on X about $hood, $schw, $ibkr, $ivz the most. They currently have [---] followers and [---] posts still getting attention that total [--] engagements in the last [--] hours.

### Engagements: [--] [#](/creator/twitter::1148584218731134976/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1148584218731134976/c:line/m:interactions.svg)

- [--] Week [-----] -58%
- [--] Month [------] -0.66%
- [--] Months [-------] +680%

### Mentions: [--] [#](/creator/twitter::1148584218731134976/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1148584218731134976/c:line/m:posts_active.svg)

- [--] Week [--] +5.60%
- [--] Month [--] +9.50%
- [--] Months [---] +461%

### Followers: [---] [#](/creator/twitter::1148584218731134976/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1148584218731134976/c:line/m:followers.svg)

- [--] Week [---] +1.30%
- [--] Month [---] +3.40%
- [--] Months [---] +84%

### CreatorRank: [---------] [#](/creator/twitter::1148584218731134976/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1148584218731134976/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [finance](/list/finance)  [cryptocurrencies](/list/cryptocurrencies)  [financial services](/list/financial-services)  [technology brands](/list/technology-brands)  [exchanges](/list/exchanges)  [travel destinations](/list/travel-destinations)  [social networks](/list/social-networks)  [countries](/list/countries) 

**Social topic influence**
[$hood](/topic/$hood), [$schw](/topic/$schw), [$ibkr](/topic/$ibkr), [$ivz](/topic/$ivz), [$qqq](/topic/$qqq), [$gs](/topic/$gs), [$blk](/topic/$blk), [kalshi](/topic/kalshi), [$evr](/topic/$evr), [$jef](/topic/$jef)

**Top accounts mentioned or mentioned by**
[@ericbalchunas](/creator/undefined) [@aureliusltd28](/creator/undefined) [@kgreifeld](/creator/undefined) [@jseyff](/creator/undefined) [@divfinsanalyst](/creator/undefined) [@theterminal](/creator/undefined) [@carbonfinancex](/creator/undefined) [@amitisinvesting](/creator/undefined) [@jevgenijs](/creator/undefined) [@davenadig](/creator/undefined) [@ltabb](/creator/undefined) [@gutenplan10](/creator/undefined) [@stocksavvyshay](/creator/undefined) [@onodacapital](/creator/undefined) [@illiquidinsight](/creator/undefined) [@wealthmainsider](/creator/undefined) [@business](/creator/undefined) [@cerulliassoc](/creator/undefined) [@aewilliamsnyc](/creator/undefined) [@hfr](/creator/undefined)

**Top assets mentioned**
[Robinhood Markets, Inc.  (HOOD)](/topic/$hood) [Charles Schwab Corporation (SCHW)](/topic/$schw) [Interactive Brokers Group, Inc. (IBKR)](/topic/$ibkr) [Invesco Ltd. (IVZ)](/topic/$ivz) [GammaSwap (GS)](/topic/$gs) [BlackCoin (BLK)](/topic/$blk) [Evernode (EVR)](/topic/$evr) [Jefferies Financial Group Inc. (JEF)](/topic/$jef) [JPMorgan Chase (JPM)](/topic/$jpm) [Franklin Resources, Inc. (BEN)](/topic/$ben) [Common Wealth (WLTH)](/topic/$wlth) [Morgan Stanley (MS)](/topic/$ms) [LPL Financial Holdings, Inc. (LPLA)](/topic/$lpla) [Bitcoin (BTC)](/topic/$btc) [Piper Sandler Companies (PIPR)](/topic/$pipr) [Raymond James Financial, Inc. (RJF)](/topic/$rjf) [Blackstone, Inc. (BX)](/topic/$bx) [T Rowe Price Group Inc (TROW)](/topic/$trow) [DraftKings Inc. Class A Common Stock (DKNG)](/topic/$dkng) [Basis Cash (BAC)](/topic/$bac) [Wells Fargo & Co (WFC)](/topic/$wfc) [BlackRock Inc (BLK)](/topic/blackrock) [eToro Group Ltd (ETOR)](/topic/$etor) [Mario Coin (COIN)](/topic/$coin) [Lazard Ltd. Class A (LAZ)](/topic/$laz) [Statter Network (STT)](/topic/$stt) [UBS Group AG (UBS)](/topic/$ubs) [Capital One Financial Corp. (COF)](/topic/$cof) [LG Display Co. Ltd. (LPL)](/topic/$lpl) [NatWest Group plc (NWG)](/topic/$nwg) [Ethereum (ETH)](/topic/$eth) [iShares Ethereum Trust (ETHA)](/topic/$etha) [RAI Finance (SOFI)](/topic/$sofi) [Janus Henderson Group plc Ordinary Shares (JHG)](/topic/$jhg)
### Top Social Posts
Top posts by engagements in the last [--] hours

"$IVZ getting a dose of positive investor sentiment (stock up 20%) since planned conversion of $QQQ -- here's why. @kgreifeld Invescos move to convert its famed tech fund QQQ into an open-ended structure could translate into a $150 million yearly windfall for the asset manager https://t.co/PTlFPNdyzZ Invescos move to convert its famed tech fund QQQ into an open-ended structure could translate into a $150 million yearly windfall for the asset manager https://t.co/PTlFPNdyzZ"  
[X Link](https://x.com/neil_sipes4/status/1948030789679251493)  2025-07-23T14:41Z [---] followers, 12.7K engagements


"@business A positive dose of investor sentiment for $IVZ (stock up 20%) for the traditional manager that's undergone a painful but necessary passive-led transformation. $QQQ conversion would move the needle"  
[X Link](https://x.com/neil_sipes4/status/1948031657623085350)  2025-07-23T14:45Z [---] followers, [--] engagements


"$RJF calling out a pretty robust recruiting opportunity framed as the best since the crisis in fact. Certainly feels like some of that based on industry M&A-related shuffle ( la $LPLA / Commonwealth). Perhaps other indie-skewed firm pipelines similarly benefitting"  
[X Link](https://x.com/neil_sipes4/status/1948468802435334611)  2025-07-24T19:42Z [---] followers, [--] engagements


"Advisers clients and their assets are generally flowing in one direction. If you're in the magenta piece of the US-wealth pie like $LPLA you're secularly well positioned. The data backs it up @cerulli_assoc Wirehousescontinue to lose share. The regionals are maintaining but the independent space is where advisers time and time and time again are choosing to move their practice and that is where we are the leading player. $LPLA Wirehousescontinue to lose share. The regionals are maintaining but the independent space is where advisers time and time and time again are choosing to move their"  
[X Link](https://x.com/neil_sipes4/status/1948729884496294307)  2025-07-25T12:59Z [---] followers, [---] engagements


"Chart from my colleague @AEWilliamsNYC on hedge fund flows & performance. Like most of the non-passive asset management world growth heavily driven by markets/performance. Data is from @HFR The industry saw extraordinary performance and capital flows in 2025Q2. Download the 2025Q2 Global Hedge Fund Industry Report from HFR today at: https://t.co/nf8qGgvrMg The industry saw extraordinary performance and capital flows in 2025Q2. Download the 2025Q2 Global Hedge Fund Industry Report from HFR today at: https://t.co/nf8qGgvrMg"  
[X Link](https://x.com/neil_sipes4/status/1948759761245077704)  2025-07-25T14:58Z [---] followers, 25.9K engagements


"@ValueVinny Revenue mix is much more attractive/recurring base at those brokers even add in $SCHW and $IBKR to that list they all have less transactional/cycle dependency"  
[X Link](https://x.com/neil_sipes4/status/1949993190519353526)  2025-07-29T00:39Z [---] followers, [--] engagements


"Margin balances did an about-face in 2Q with $IBKR and $HOOD posting records in May/June after notable deleveraging in April. $SCHW also close to highs. Here is the industry trend of @FINRA data Margin investing is skyrocketing: Margin debt jumped +9.4% in June to a record $1.01 trillion. This also marks the largest monthly increase in history at +$87 billion. Over the last [--] years margin debt has surged by $400 billion. To put this into perspective total margin https://t.co/rs0gCUTUtF Margin investing is skyrocketing: Margin debt jumped +9.4% in June to a record $1.01 trillion. This also"  
[X Link](https://x.com/neil_sipes4/status/1949999370117537851)  2025-07-29T01:04Z [---] followers, [---] engagements


"@KobeissiLetter Yep generally aligning with all time high equity markets. Just look at the retail brokers in 2Q with $IBKR and $HOOD touching highs $SCHW close"  
[X Link](https://x.com/neil_sipes4/status/1950000103957148153)  2025-07-29T01:07Z [---] followers, [--] engagements


"@EricBalchunas @JSeyff should we expect to see $BLK dominate $ETH etf assets like it does with its 50% share for $BTC (Despite not even being the cheapest) Ether ETFs' surge in price and flows has it stealing bitcoin's asset share. Btc ETFs have 82% of crypto aum pie- down from 90% just 2mo ago. Ether up to 13% share and gaining. Altho I'm still sticking with prediction that it won't get beyond 20%. Lot of competition on the way. https://t.co/aBjwtUCdYD Ether ETFs' surge in price and flows has it stealing bitcoin's asset share. Btc ETFs have 82% of crypto aum pie- down from 90% just 2mo ago."  
[X Link](https://x.com/neil_sipes4/status/1950226961894428737)  2025-07-29T16:08Z [---] followers, [--] engagements


"Was great to join the gentlemen of @bsurveillance @tomkeene and @ptsweeney to detail our report on $IVZ's proposed $QQQ conversion. Watch it on YouTube: @BBGIntelligence https://youtu.be/lFxRey2izSc https://youtu.be/lFxRey2izSc"  
[X Link](https://x.com/neil_sipes4/status/1950286378367135811)  2025-07-29T20:04Z [---] followers, [---] engagements


"@Aureliusltd28 still cheering on $EVR"  
[X Link](https://x.com/neil_sipes4/status/1950598014956957942)  2025-07-30T16:43Z [---] followers, [---] engagements


"Its hard to be a needle mover for $BLK at $12T. But digital assets have been a story. Combined with active ETFs were biggest piece of organic base fee growth in [--]. Also nice iShares flywheel Wild Stat: If bitcoin ETFs didn't exist $ETHA would be the fastest ETF in history to hit the $10b mark by about 2x. Mind-melting but that's just how utterly insane the btc ETF launches were (and we cover this sht so much) https://t.co/3Cx6DdrW8t Wild Stat: If bitcoin ETFs didn't exist $ETHA would be the fastest ETF in history to hit the $10b mark by about 2x. Mind-melting but that's just how utterly"  
[X Link](https://x.com/neil_sipes4/status/1950902258201149948)  2025-07-31T12:51Z [---] followers, 85.6K engagements


"Not surprising to see M&A bonus pool as one of the biggest gainers alongside ECM and asset mgmt. Broad upward revisions to forecasts in Aug vs. May. @KatLeighDoherty https://www.bloomberg.com/news/articles/2025-08-05/wall-street-bonus-pool-to-grow-as-bank-revenue-boosted-by-rally M&A banker bonus pool was seen down 5-10% in May but activity and fee expectations have recovered since. Bottoms-up consensus for fees now sees 10% growth in '25 with '26 even better at up 15%. likely keeping fee-leaders $GS $JPM $EVR and others competitive on comp. https://t.co/05s9DZ1Ld2"  
[X Link](https://x.com/neil_sipes4/status/1952714384708399210)  2025-08-05T12:52Z [---] followers, [---] engagements


"Robust retail investors pushing ests higher for brokers with July margin and trading (ex-crypto) at/near highs for $HOOD and $IBKR. This while $SCHW cleans up b/s. Its all-systems-go though markets need to cooperate. BI Global Online Broker Index up 50% YTD vs. SP500 Fins 9%"  
[X Link](https://x.com/neil_sipes4/status/1953450448800694302)  2025-08-07T13:37Z [---] followers, [---] engagements


"@PaulJDavies BlackRock and Franklin both signaled ongoing work with TDFs + privates aiming to launch in [--]. $BLK said sometime next year $BEN said 1H"  
[X Link](https://x.com/neil_sipes4/status/1953862705002975664)  2025-08-08T16:55Z [---] followers, [--] engagements


"@amitisinvesting @brewmarkets People calling it money on the sidelines how of the growth is actually risk-dollars waiting for deployment vs. a reshuffling of bank deposits/sweeps to capture yield"  
[X Link](https://x.com/neil_sipes4/status/1953873597434413464)  2025-08-08T17:39Z [---] followers, [----] engagements


"People calling it money on the sidelines how much of the growth is actually risk-dollars waiting for deployment vs. a reshuffling of bank deposits/sweeps to capture yield or a sleeve of fixed income allocation $7.4 trillion is sitting in money market funds. Wow. https://t.co/FvJ9QosWs0 $7.4 trillion is sitting in money market funds. Wow. https://t.co/FvJ9QosWs0"  
[X Link](https://x.com/neil_sipes4/status/1953875286606389357)  2025-08-08T17:45Z [---] followers, [---] engagements


"@divfinsanalyst Nice. Certainly see the remixing across the brokers we track. For $SCHW its something like $500bn growth in mmf vs $200bn drop in bank deposits"  
[X Link](https://x.com/neil_sipes4/status/1953937430316544248)  2025-08-08T21:52Z [---] followers, [--] engagements


"@WelfareCapLLC Great example of differing client preference between $IBKR and $HOOD"  
[X Link](https://x.com/neil_sipes4/status/1955810022341881946)  2025-08-14T01:53Z [---] followers, [---] engagements


"A flat custody fee + rebate model would cap $SCHW yield per client neutralize cash NIM and remove upside from profitable accts. Likely shifts sweep and bank deployment strategy as upside credited away while downside risk retained. Economics more stable but less flexibility. The fiduciary callenges of the (current) RIA custody model and flipping the model 'upside-down' for better fiduciary alignment: https://t.co/Myq2yX1Qau In this co-write with Adam Van Deusen we talk about how the current RIA custody model presents fiduciary challenges for https://t.co/gJJjinoEkz The fiduciary callenges of"  
[X Link](https://x.com/neil_sipes4/status/1957790884503699850)  2025-08-19T13:04Z [---] followers, [---] engagements


"And fwiw $SCHW has been shooting down the idea of custody fees for a long while. A flat custody fee + rebate model would cap $SCHW yield per client neutralize cash NIM and remove upside from profitable accts. Likely shifts sweep and bank deployment strategy as upside credited away while downside risk retained. Economics more stable but less flexibility. A flat custody fee + rebate model would cap $SCHW yield per client neutralize cash NIM and remove upside from profitable accts. Likely shifts sweep and bank deployment strategy as upside credited away while downside risk retained. Economics"  
[X Link](https://x.com/neil_sipes4/status/1957941727915819294)  2025-08-19T23:04Z [---] followers, [---] engagements


"Since I keep seeing posts like this $HOOD avg acct up nearly 3x vs 2Q23 topping 40-50% for stocks. At $10k still well below $SCHW $IBKR. Some deals changing the mix there but we know deposit incentives (1-3% matches) have brought bigger balances Average Robinhood account size is said to be $4000. With a median account size of [---] dollars. $HOOD Average Robinhood account size is said to be $4000. With a median account size of [---] dollars. $HOOD"  
[X Link](https://x.com/neil_sipes4/status/1958144706090582409)  2025-08-20T12:30Z [---] followers, [---] engagements


"@DataDInvesting Right not taking anything away from it on $SOFI my point is more of the direction these go when the environment turns against them and how resilient are they"  
[X Link](https://x.com/neil_sipes4/status/1958550360378732857)  2025-08-21T15:22Z [---] followers, [---] engagements


"@Aureliusltd28 Almost like hot money & credit card churners bank with the highest bidder at that moment then move on"  
[X Link](https://x.com/neil_sipes4/status/1958568108047614043)  2025-08-21T16:33Z [---] followers, [---] engagements


"$IBKR joining the S&P [---] on the heels of a record 2Q. Pretty remarkable franchise with towering margins and excellent global reach delivering growth that's among the fastest of brokers. A rare spot where users still prefer commissions vs. "free" trading"  
[X Link](https://x.com/neil_sipes4/status/1960116068745125985)  2025-08-25T23:04Z [---] followers, [----] engagements


"and $IBKR has a whole archive of excellent commercials. wonder which competitor this was targeting. https://www.youtube.com/watchv=goZoLZKfJUc $IBKR joining the S&P [---] on the heels of a record 2Q. Pretty remarkable franchise with towering margins and excellent global reach delivering growth that's among the fastest of brokers. A rare spot where users still prefer commissions vs. "free" trading. https://t.co/eSh6FlTWHK https://www.youtube.com/watchv=goZoLZKfJUc $IBKR joining the S&P [---] on the heels of a record 2Q. Pretty remarkable franchise with towering margins and excellent global reach"  
[X Link](https://x.com/neil_sipes4/status/1960131398003515456)  2025-08-26T00:05Z [---] followers, [---] engagements


"@jevgenijs $SCHW had something to say earlier last yr on such incentive programs. $HOOD"  
[X Link](https://x.com/neil_sipes4/status/1960134288344773048)  2025-08-26T00:16Z [---] followers, [---] engagements


"@TiltFolio @taobanker yeah. this is what you'll get for 30bps 🤖"  
[X Link](https://x.com/neil_sipes4/status/1961051371261579501)  2025-08-28T13:00Z [---] followers, [--] engagements


"@DaveNadig @larryswedroe Its been hovering around 20% post-pandemic. Data on US equity mkt segmentation can be found on @TheTerminal from my colleagues @ltabb @gutenplan10"  
[X Link](https://x.com/neil_sipes4/status/1962622790550393334)  2025-09-01T21:05Z [---] followers, [--] engagements


"@divfinsanalyst Basically back to where we were around IPO"  
[X Link](https://x.com/neil_sipes4/status/1964339329620124068)  2025-09-06T14:46Z [---] followers, [--] engagements


"A good listen with $IBKR and $HOOD joining S&P [---] https://open.spotify.com/episode/0H272OTIzQ8IzfZ4ZJiyLasi=R7bvJaYhQium0D8jui75dw https://open.spotify.com/episode/0H272OTIzQ8IzfZ4ZJiyLasi=R7bvJaYhQium0D8jui75dw"  
[X Link](https://x.com/neil_sipes4/status/1965044160911786154)  2025-09-08T13:26Z [---] followers, [---] engagements


"@sonalibasak Cap mkts look to be unlocking (per data + big bank commentary this week). Not long ago alt mgrs & M&A boutiques like $BX and $EVR were worst performers in first wk of April (down 20%) as cap mkts were seen freezing over on uncertainty"  
[X Link](https://x.com/neil_sipes4/status/1966189482467799184)  2025-09-11T17:17Z [---] followers, [---] engagements


"@victaurs who are you subtweetingany recent IPO"  
[X Link](https://x.com/neil_sipes4/status/1968029060959031297)  2025-09-16T19:07Z [---] followers, [--] engagements


"Whats the closest comp to the Ryder Cup in terms of the crowd being treated like such a direct factor in the outcome Golf Channel pundit said the crowd is worth [--] point for the US is that too low"  
[X Link](https://x.com/neil_sipes4/status/1971361265126953445)  2025-09-25T23:48Z [---] followers, [--] engagements


"@Aureliusltd28 so 8% yield (not risk free basically a creditor to Galaxy not FDIC insured) and with lockup and presumably Galaxy earning additional yield themselves on top of that yeah why not 16%"  
[X Link](https://x.com/neil_sipes4/status/1975650760936276347)  2025-10-07T19:53Z [---] followers, [--] engagements


"and a random/fun note. apparently my trip to Iceland coincided with one of the country's largest banks eyeing up a deal. After a break to non-bank non-financials land were back to it.📍🏴 https://t.co/gPfkIUd0j5 After a break to non-bank non-financials land were back to it.📍🏴 https://t.co/gPfkIUd0j5"  
[X Link](https://x.com/neil_sipes4/status/1975707028384338161)  2025-10-07T23:37Z [---] followers, [---] engagements


"I know it was still [--] in NYC today and some say its too early for the NHL season but I beg to differ"  
[X Link](https://x.com/neil_sipes4/status/1975729083343642782)  2025-10-08T01:04Z [---] followers, [--] engagements


"Trian / General Catalyst's Janus Henderson take-private prices $JHG at a 1.5% price-to-AUM multiple squarely within the typical 1-2% range for traditional manager M&A. Marks the culmination of Trian's initial 10% stake taken in [----] which swelled to 21%"  
[X Link](https://x.com/neil_sipes4/status/2003124894259925450)  2025-12-22T15:26Z [---] followers, 11.5K engagements


"Unsurprising development as $ETOR joins handful of retail broker/crypto cos. $HOOD $COIN etc. adding tokenized stock trading. Europe is the test ground. Brokers clearly want to offer it but unclear what client demand will be off the bat vs. vanilla stock trades eToro plans to launch tokenized versions of US-listed stocks enabling customers to trade equities at any time of day https://t.co/OglyThGF1z eToro plans to launch tokenized versions of US-listed stocks enabling customers to trade equities at any time of day https://t.co/OglyThGF1z"  
[X Link](https://x.com/neil_sipes4/status/1950258301490590206)  2025-07-29T18:13Z [---] followers, [---] engagements


"Robey Warshaw's $80mm/yr revenue (in softer M&A patch of 2022-24) is 3-4% of $EVR's advisory fees. And while you won't find them as high on the global league tables they bring EU presence and look like they're in the realm of $EVR's robust productivity at $15-20mm/partner Evercore is taking a calculated gamble buying British boutique Robey Warshaw writes @hughes_chris (via @opinion) https://t.co/w6mUEYddHc Evercore is taking a calculated gamble buying British boutique Robey Warshaw writes @hughes_chris (via @opinion) https://t.co/w6mUEYddHc"  
[X Link](https://x.com/neil_sipes4/status/1950570899075207650)  2025-07-30T14:55Z [---] followers, [----] engagements


"M&A banker bonus pool was seen down 5-10% in May but activity and fee expectations have recovered since. Bottoms-up consensus for fees now sees 10% growth in '25 with '26 even better at up 15%. likely keeping fee-leaders $GS $JPM $EVR and others competitive on comp"  
[X Link](https://x.com/neil_sipes4/status/1952442502583087209)  2025-08-04T18:52Z [---] followers, [---] engagements


"$EVR and peers have seen advisory fee ests recover. Combined 2025-26 now slightly above Jan levels. Sure non-M&A areas (Rx secondaries etc) helping but it's still a positive turn for boutiques. and a reason why multiples are 40% above norms"  
[X Link](https://x.com/neil_sipes4/status/1957461061990298035)  2025-08-18T15:14Z [---] followers, [---] engagements


"if you're looking for flows its pretty clear where they are $BLK $IVZ @emily_graffeo Mutual funds are losing billions as ETFs break records prompting conversions by firms like Lazard and Aberdeen https://t.co/Rdb1h8HcI6 Mutual funds are losing billions as ETFs break records prompting conversions by firms like Lazard and Aberdeen https://t.co/Rdb1h8HcI6"  
[X Link](https://x.com/neil_sipes4/status/1958624732468879583)  2025-08-21T20:18Z [---] followers, [---] engagements


"So $IVZ kicked off the push to convert $QQQ needing 51% shareholder approval. The pitch: modernized structure and a [--] bp fee cut with $70mm in annual savings dangled as the carrot"  
[X Link](https://x.com/neil_sipes4/status/1960320180388495728)  2025-08-26T12:35Z [---] followers, 32.3K engagements


"$BEN's Western Asset unit has shed $160B since Aug '24 (4% ann rev hit). Redemptions have eased and look largely contained yet they've overshadowed otherwise positive trends outside of Wamco"  
[X Link](https://x.com/neil_sipes4/status/1963264597730730408)  2025-09-03T15:35Z [---] followers, [---] engagements


"$TROW top-3 target date franchise x $GS top-10 alts platform Goldman Sachs will invest as much as $1 billion in T. Rowe Price and team up with the asset manager to sell private-market products to retail investors https://t.co/EvP3R45uH7 Goldman Sachs will invest as much as $1 billion in T. Rowe Price and team up with the asset manager to sell private-market products to retail investors https://t.co/EvP3R45uH7"  
[X Link](https://x.com/neil_sipes4/status/1963607020608659573)  2025-09-04T14:16Z [---] followers, [---] engagements


"August another positive month for $BEN ex-Wamco but Western outflows picked back up after easing in recent months $BEN's Western Asset unit has shed $160B since Aug '24 (4% ann rev hit). Redemptions have eased and look largely contained yet they've overshadowed otherwise positive trends outside of Wamco. https://t.co/QT3Q7aIkaP $BEN's Western Asset unit has shed $160B since Aug '24 (4% ann rev hit). Redemptions have eased and look largely contained yet they've overshadowed otherwise positive trends outside of Wamco. https://t.co/QT3Q7aIkaP"  
[X Link](https://x.com/neil_sipes4/status/1963761341711491131)  2025-09-05T00:29Z [---] followers, [---] engagements


"Does this mean fewer brokerage YTD posts on my timeline But actually $HOOD laying the groundwork for potential copy trader product like $ETOR on the horizon Soon Robinhoods retail traders wont have to leave the platform to brag about their positions or post taunting memes celebrating their investment victories. The online brokerage is breaking into social media. https://t.co/sMtfmih5ew Soon Robinhoods retail traders wont have to leave the platform to brag about their positions or post taunting memes celebrating their investment victories. The online brokerage is breaking into social media."  
[X Link](https://x.com/neil_sipes4/status/1965578980125540753)  2025-09-10T00:52Z [---] followers, [----] engagements


"$TROW $BLK $BEN see [----] as the launch point for target-date funds w/ private allocations. T. Rowe's pact with $GS set to deliver co-branded products. Here's an illustrative view from GSAM"  
[X Link](https://x.com/neil_sipes4/status/1965766721463259643)  2025-09-10T13:18Z [---] followers, [---] engagements


"Buying a private-markets shop isn't a panacea when it's just a few % of legacy active MF assets and isn't w/o hurdles but does improve the base. M&A was really the only path organic builds would be smaller leaving the gap btwn No.1 $BX and traditionals $BLK $BEN even wider. Mutual fund giants rushed into private credit as their savior. The results Less than hoped. https://t.co/d95wrI1Net Mutual fund giants rushed into private credit as their savior. The results Less than hoped. https://t.co/d95wrI1Net"  
[X Link](https://x.com/neil_sipes4/status/1967930492931715170)  2025-09-16T12:36Z [---] followers, [---] engagements


"@EricBalchunas Will $SPY commercials stack up to $IVZ's for $QQQ as the Official ETF of the NCAA https://www.youtube.com/watchv=VWKdZZPG0z0 https://www.youtube.com/watchv=VWKdZZPG0z0"  
[X Link](https://x.com/neil_sipes4/status/1968014106646233525)  2025-09-16T18:08Z [---] followers, [---] engagements


"coming back to $BEN weakness yesterday. Western Asset outflows reaccelerated in Aug/Sept vs. general YTD easing. The hope was that the worst was in rear view and that story could fade. Another $23bn out in F4Q after $50bn in 1H. Core stays positive tho"  
[X Link](https://x.com/neil_sipes4/status/1975543280424394926)  2025-10-07T12:46Z [---] followers, [---] engagements


"for those following the First Brands saga w/ $JEF and others. thoughts from $BLK CFO Martin Small reinforced confidence in the health of private credit markets saying issues look limited to small idiosyncratic pockets"  
[X Link](https://x.com/neil_sipes4/status/1978082323510821190)  2025-10-14T12:55Z [---] followers, [---] engagements


"@Aureliusltd28 Dont forget about the $SCHW folks"  
[X Link](https://x.com/neil_sipes4/status/1978456575795695640)  2025-10-15T13:43Z [---] followers, [---] engagements


"no mention of First Brands in $JEF investor day deck. Will see what prepared remarks and Q&A brings"  
[X Link](https://x.com/neil_sipes4/status/1978788533256032709)  2025-10-16T11:42Z [---] followers, [---] engagements


"if you come at the (draft) king . bring a CFTC license and a prediction markets platform. $DKNG"  
[X Link](https://x.com/neil_sipes4/status/1980729828237246593)  2025-10-21T20:16Z [---] followers, [----] engagements


"@jevgenijs of course broader crypto trends and $BTC is a piece of this too"  
[X Link](https://x.com/neil_sipes4/status/1981333397625569591)  2025-10-23T12:14Z [---] followers, [---] engagements


"@clarkson34918 @Aureliusltd28 $HLI holds the line on comp so profits less cyclical vs. waiting for leverage to fall to bottom-line at most. Plus leading restructuring biz. typically countercyclical which now everyone is saying can coexist with M&A pickup"  
[X Link](https://x.com/neil_sipes4/status/1981380422832402788)  2025-10-23T15:21Z [---] followers, [--] engagements


"@divfinsanalyst Pretty remarkable how quickly prediction markets valuations are evolving suggests equally impressive growth and TAM potential as hinted by brokers $HOOD $IBKR etc and volume datapoints"  
[X Link](https://x.com/neil_sipes4/status/1981450140591542690)  2025-10-23T19:58Z [---] followers, [--] engagements


"Eyes on Invesco special meeting today re: QQQ conversion to ETF. Proposal to modernize $QQQ and cut fees from [--] - [--] bps while unlocking a [--] bp net revenue stream on 17% of $IVZ $2T AUM. @kgreifeld"  
[X Link](https://x.com/neil_sipes4/status/1981699480786534499)  2025-10-24T12:29Z [---] followers, 52.7K engagements


"@4thPillar_ @shortbus_ace the one friend who actually pays you back for the dinner tab"  
[X Link](https://x.com/neil_sipes4/status/1981711366735249611)  2025-10-24T13:16Z [---] followers, [--] engagements


"@wjpoulin @DaveNadig @Todd_Sohn @JSeyff @ElisabethKashne @sumitroy2 With $QQQ 35% institutional held (assuming all Y) my math is 1/4 of shares held by retail need to vote Y to meet 51% threshold"  
[X Link](https://x.com/neil_sipes4/status/1981747110773968950)  2025-10-24T15:38Z [---] followers, [---] engagements


"@DJ_EBITDA @EricBalchunas @kgreifeld yes was framed as win-win for $QQQ shareholders and $IVZ themselves"  
[X Link](https://x.com/neil_sipes4/status/1981770151143080436)  2025-10-24T17:09Z [---] followers, [---] engagements


"$JEF stock has clawed back much of its First Brands-related selloff. Now 4% below Oct. [--] levels after being down as much as 17-18% during Investor Day on Oct 16"  
[X Link](https://x.com/neil_sipes4/status/1981821635519775212)  2025-10-24T20:34Z [---] followers, [----] engagements


"The setup is solid for hybrid broker/midcap IB w/ strong wealth margins MSD organic growth. Wirehouse breakaway play (less tied to indie/RIA story vs $RJF $LPLA). Fee-driven IB (33% rev) + better backdrop = margin expansion to low-mid 20s. Plus benefit if believer bank M&A wave extends w/ $RJF $PIPR. Also pretty neutral to down rates. https://twitter.com/i/web/status/1982096713889284535 https://twitter.com/i/web/status/1982096713889284535"  
[X Link](https://x.com/neil_sipes4/status/1982096713889284535)  2025-10-25T14:47Z [---] followers, [---] engagements


"So this did in fact happen on $COIN earnings call yesterday. CEO rattled off words in mention markets. Good/bad/or a nothing burger for prediction markets Polymarket Kalshi etc"  
[X Link](https://x.com/neil_sipes4/status/1984232128574546356)  2025-10-31T12:12Z [---] followers, [----] engagements


"@TheFinanceFlow @StockMKTNewz Fair to think a vast majority considering almost 90% of Kalshi volume in Sept was sports"  
[X Link](https://x.com/neil_sipes4/status/1986251176661143745)  2025-11-06T01:55Z [---] followers, [--] engagements


"@JuanRodrig07 @amitisinvesting @Kross_Roads @Futurenvesting @PaperGainsInc They most certainly are a large chunk of Kalshi"  
[X Link](https://x.com/neil_sipes4/status/1986253813833982113)  2025-11-06T02:06Z [---] followers, [---] engagements


"@carbonfinancex A look at the trio of $SCHW $HOOD $IBKR"  
[X Link](https://x.com/neil_sipes4/status/1987608309701161008)  2025-11-09T19:48Z [---] followers, [----] engagements


"btw 66% of $SCHW growth this year is from clients under [--] yrs old. roughly one-third Gen Z and one-third Millennials. For context 75% of $HOOD's customers sit in that same age bracket. @carbonfinancex A look at the trio of $SCHW $HOOD $IBKR https://t.co/HCg2vRN1RZ @carbonfinancex A look at the trio of $SCHW $HOOD $IBKR https://t.co/HCg2vRN1RZ"  
[X Link](https://x.com/neil_sipes4/status/1987885632849400190)  2025-11-10T14:10Z [---] followers, [---] engagements


"@StockSavvyShay this is the direction were going w/ $SCHW's Forge Global deal. the same idea as $HOOD launching funds that give retail investors exposure to private companies"  
[X Link](https://x.com/neil_sipes4/status/1987900105706389944)  2025-11-10T15:08Z [---] followers, [----] engagements


"So $HOOD CFO Jason Warnick said Robinhood is a very large chunk of Kalshi volume . turns out that chunk is over half (54%) of YTD activity. And yes it's mostly sports"  
[X Link](https://x.com/neil_sipes4/status/1988612013581631757)  2025-11-12T14:17Z [---] followers, [---] engagements


"At this rate prediction markets might be its own panel next time around Took up 1/3 of the retail trader discussion tonight. Yet another great market structure event from @ltabb @gutenplan10 & co"  
[X Link](https://x.com/neil_sipes4/status/1988785528087699723)  2025-11-13T01:46Z [---] followers, [--] engagements


"@DDraper_trades @GeoffZochodne and $DKNG paying up to $250 million for Railbird"  
[X Link](https://x.com/neil_sipes4/status/1988792976911593667)  2025-11-13T02:16Z [---] followers, [---] engagements


"@OnodaCapital @bedouincap https://x.com/neil_sipes4/status/1960320180388495728 So $IVZ kicked off the push to convert $QQQ needing 51% shareholder approval. The pitch: modernized structure and a [--] bp fee cut with $70mm in annual savings dangled as the carrot. https://t.co/fp1nMlkkNu https://x.com/neil_sipes4/status/1960320180388495728 So $IVZ kicked off the push to convert $QQQ needing 51% shareholder approval. The pitch: modernized structure and a [--] bp fee cut with $70mm in annual savings dangled as the carrot. https://t.co/fp1nMlkkNu"  
[X Link](https://x.com/neil_sipes4/status/1988799983257358674)  2025-11-13T02:44Z [---] followers, [---] engagements


"Prediction markets partnerships/deals come down to marrying the retail touchpoint with the rails -- reflected in symbiotic revenue-share agreements: $HOOD x Kalshi - split [--] contract fee $IBKR x ForecastEx - own full profit stack $FLUT x $CME - 50% gross revenue share $DKNG x Railbird - own full profit stack https://twitter.com/i/web/status/1988987636136964403 https://twitter.com/i/web/status/1988987636136964403"  
[X Link](https://x.com/neil_sipes4/status/1988987636136964403)  2025-11-13T15:09Z [---] followers, [---] engagements


"$GS paying $2B for No. [--] buffer ETF provider Innovator (7% of $28B in assets more like a private-markets multiple) looks rich but buffer ETFs carry 70-80 bp fees and strong demand. Cerulli sees the category 5xing by 2030"  
[X Link](https://x.com/neil_sipes4/status/1995506053023461812)  2025-12-01T14:51Z [---] followers, [----] engagements


"@kgreifeld December is great but this has nothing to do with Invesco $QQQ conversion.right"  
[X Link](https://x.com/neil_sipes4/status/1995515171771670534)  2025-12-01T15:27Z [---] followers, [---] engagements


"A look at the buffer ETFs Goldman $GS is buying thru Innovator -- the boomer candy @EricBalchunas coined. Equity exposure with limited downside at the expense of capped upside (+ high fees). Resonates in wealth channel mainly w/ clients closer to decumulation. $GS paying $2B for No. [--] buffer ETF provider Innovator (7% of $28B in assets more like a private-markets multiple) looks rich but buffer ETFs carry 70-80 bp fees and strong demand. Cerulli sees the category 5xing by [----]. https://t.co/nM5Y8mMK1I $GS paying $2B for No. [--] buffer ETF provider Innovator (7% of $28B in assets more like a"  
[X Link](https://x.com/neil_sipes4/status/1995581285826437443)  2025-12-01T19:50Z [---] followers, [---] engagements


"retail keeping the pedal down in 4Q $HOOD $SCHW $IBKR"  
[X Link](https://x.com/neil_sipes4/status/1995904580798783863)  2025-12-02T17:15Z [---] followers, [---] engagements


"Options crypto a big part of it and now prediction markets will be too. Aligns with $HOOD more engagement-driven vs. $SCHW / Fidelity which have more set it forget it clients and diff monetization. And since its app usage legacy brokers with heavier desktop footprints (like an $IBKR) naturally look lower"  
[X Link](https://x.com/neil_sipes4/status/1997723807977504901)  2025-12-07T17:44Z [---] followers, [---] engagements


"I call it the $12K $HOOD account meets the $124T wealth transfer. Core to the very long-term thesis for Robinhood bulls: a clear LT monetization tailwind if $HOOD can retain its core customers through the life cycle and deepen the product suite as they mature"  
[X Link](https://x.com/neil_sipes4/status/1998202283906261293)  2025-12-09T01:25Z [---] followers, [----] engagements


"@EricBalchunas A look at the top [--] ETF issuers market share: $BLK Vanguard $STT $IVZ $SCHW over the past 10yrs: BlackRock's lead over Vanguard narrowing State Street slipping and Invesco and Schwab holding serve at [--] and 5"  
[X Link](https://x.com/neil_sipes4/status/1999153197756060126)  2025-12-11T16:23Z [---] followers, [---] engagements


"Lots of eyes on $HOOD's monthly data. Keep in mind Nov day count choppy markets year-end factors etc. but the bigger point stands: Robinhood is most exposed to a retail engagement pullback with higher peak-to-trough activity than others like $SCHW $IBKR"  
[X Link](https://x.com/neil_sipes4/status/1999167244593455317)  2025-12-11T17:19Z [---] followers, [----] engagements


"@NasdaqExchange @Wealthfront https://x.com/neil_sipes4/status/1999519112129544302s=20 Wealthfront $WLTH IPO: growthy with stickier (but rate-sensitive) revenue. Success hinges on sustaining balances via high APY + low advisory fees. $2B mkt cap 6x P/S (1H ann) 13x P/Adj EBITDA. Rev mix: 75% cash (60 bps drifting lower) + 25% advisory (20 bps steadier) https://t.co/SWSgJfecHZ https://x.com/neil_sipes4/status/1999519112129544302s=20 Wealthfront $WLTH IPO: growthy with stickier (but rate-sensitive) revenue. Success hinges on sustaining balances via high APY + low advisory fees. $2B mkt cap 6x"  
[X Link](https://x.com/neil_sipes4/status/1999520827696415097)  2025-12-12T16:44Z [---] followers, [---] engagements


"@MstarBenJohnson The more things change the more they stay the same at the top. during that time $BLK ETF lead over Vangaurd narrowed but they stay clear top [--]. $STT drifted lower while $IVZ and $SCHW hold at 4/5"  
[X Link](https://x.com/neil_sipes4/status/1999617745277845814)  2025-12-12T23:09Z [---] followers, [---] engagements


"Central Park was Narnia-esque this morning"  
[X Link](https://x.com/neil_sipes4/status/2000262211999261032)  2025-12-14T17:50Z [---] followers, [----] engagements


"Seeing Moomoo everywhere on the subway. That 8.1% APY from $FUTU on cash looks less like brokerage sweep intro rate (it is) and more like a juiced crypto staking promo. Robinhood has done APY boosts but not to the same magnitude with more emphasis on deposit matches at $HOOD"  
[X Link](https://x.com/neil_sipes4/status/2000358183211331617)  2025-12-15T00:12Z [---] followers, [---] engagements


"Alternatives and private-markets managers are drawing the bids with recent M&A near 8% price-to-AUM vs a 6% LT median. Scale deals (less frequent) running closer to 1-2% of AUM. $GS and $BLK sit in the top [--] in alts behind $BX and $BAM with $BEN in the top 15"  
[X Link](https://x.com/neil_sipes4/status/2000924305027424416)  2025-12-16T13:41Z [---] followers, [----] engagements


"A good look from Schwab on the K-shaped economy: one expansion two different realities. $SCHW"  
[X Link](https://x.com/neil_sipes4/status/2001294976777375877)  2025-12-17T14:14Z [---] followers, [---] engagements


"@LJKawa True the window seems to be closing not opening. but in big market like Toronto hard to strip it down and bottom out. Tanking in the NHL isnt guaranteed anyway. Might be working for some (Ducks Sharks) others end up middling (my Penguins). Guess Dubas decides our fate"  
[X Link](https://x.com/neil_sipes4/status/2002010369678549053)  2025-12-19T13:37Z [---] followers, [--] engagements


"Our [----] Global Investment Banks Outlook is live on @TheTerminal. Strong trading momentum and improving capital markets activity support fundamentals while regulatory/capital relief add fuel to the favorable view. $GS $MS $JPM $BAC $C $WFC Link: https://blinks.bloomberg.com/screens/DOCV%20RES%20T7IMJDKGCTG4 https://blinks.bloomberg.com/screens/DOCV%20RES%20T7IMJDKGCTG4"  
[X Link](https://x.com/neil_sipes4/status/2002028201283920263)  2025-12-19T14:48Z [---] followers, [---] engagements


"@EricBalchunas @nathandeanDC I wouldn't expect the Janus Henderson name to go away in this"  
[X Link](https://x.com/neil_sipes4/status/2003134831283286307)  2025-12-22T16:05Z [---] followers, [--] engagements


"@Aureliusltd28 Exactly. And youd have to pull levers elsewhere on fees/rewards. Most of that portfolio probably wouldnt even exist under a 10% rate cap regime. Re: Trump's proposed 10% credit card rate cap the Apple Card portfolio is a useful case study. With 1/3 of revolving balances below-prime and carrying higher loss content a book like this would look materially different (smaller higher credit quality) if launched under a Re: Trump's proposed 10% credit card rate cap the Apple Card portfolio is a useful case study. With 1/3 of revolving balances below-prime and carrying higher loss"  
[X Link](https://x.com/neil_sipes4/status/2011142587101692398)  2026-01-13T18:25Z [---] followers, [---] engagements


"With credit cards in focus a look under the hood at $HOOD's Gold card portfolio. Still sub-$1B with something like 500k+ users vs. a 3M+ waitlist. If a 10% cap ever came into play this offering from Robinhood scales and looks different and those juicy 3% rewards are a lever"  
[X Link](https://x.com/neil_sipes4/status/2011240735400755213)  2026-01-14T00:55Z [---] followers, [---] engagements


"Bilt's 10% credit card cap grabbing headlines but its just a one-year intro rate *nice timing* before APRs reset much higher. Nothing earth-shattering there and not especially aggressive vs. standard 0% promos from Discover"  
[X Link](https://x.com/neil_sipes4/status/2011489872255861120)  2026-01-14T17:25Z [---] followers, [----] engagements


"JPMorgan's 11% trading + investment banking revenue growth has set the bar for big banks ahead of Goldman and Morgan Stanley tomorrow am. Prime fueling equities M&A fee beats deal pipelines constructive still waiting for ECM lift. $GS $MS $JPM $BAC $C $WFC $JEF"  
[X Link](https://x.com/neil_sipes4/status/2011603347208642573)  2026-01-15T00:56Z [---] followers, [---] engagements


"@Coffee__Capital @IlliquidInsight Yes. Flat/inverted yield curve on short end also just makes this a more attractive fixed income allocation. Adding to the general yield differential vs. deposit/sweep accounts even tho its narrowed. People calling it money on the sidelines how much of the growth is actually risk-dollars waiting for deployment vs. a reshuffling of bank deposits/sweeps to capture yield or a sleeve of fixed income allocation People calling it money on the sidelines how much of the growth is actually risk-dollars waiting for deployment vs. a reshuffling of bank deposits/sweeps to"  
[X Link](https://x.com/neil_sipes4/status/2013818739032998397)  2026-01-21T03:39Z [---] followers, [--] engagements


"@Pray4Equity Impressive how $IBKR has outgrown rate-cut headwinds. obvi some cyclical helpers in there like margin balances + sec lending. but since NIM peaked in 3Q23 (2.5%) NII up over 30% vs. NIM compression to 2.0%. Very much a volume-overlay play on interest rates"  
[X Link](https://x.com/neil_sipes4/status/2014083359480136012)  2026-01-21T21:11Z [---] followers, [--] engagements


"@IlliquidInsight will be interesting to watch when/if M&A (esp midcap) and IPOs recover further. Tho the broad expectation is secondaries keep pressing higher and expand beyond mostly PE"  
[X Link](https://x.com/neil_sipes4/status/2014165658628391138)  2026-01-22T02:38Z [---] followers, [--] engagements


"@EventDrivenEddy @Aureliusltd28 probably closer to a third of the biz than 50% nowadays after outflows yearly from 2018-24. Yet we haven't seen a stretch like this from $LAZ in a while. the flip to breakeven in [----] looks possible"  
[X Link](https://x.com/neil_sipes4/status/1981382037215863017)  2025-10-23T15:27Z [---] followers, [---] engagements


"Results could come after [--] ET meeting tho not sure its guaranteed today may slip to next week. Here's our math at proposal in July -- $QQQ AUM up 13% since this. Keep in mind $IVZ P/E has expanded 10% on the back of this to 10x [----] EPS since. Eyes on Invesco special meeting today re: QQQ conversion to ETF. Proposal to modernize $QQQ and cut fees from [--] - [--] bps while unlocking a [--] bp net revenue stream on 17% of $IVZ $2T AUM. @kgreifeld Eyes on Invesco special meeting today re: QQQ conversion to ETF. Proposal to modernize $QQQ and cut fees from [--] - [--] bps while unlocking a [--] bp net"  
[X Link](https://x.com/neil_sipes4/status/1981753442814341356)  2025-10-24T16:03Z [---] followers, 14.9K engagements


"Capital markets-oriented $GS $MS $JEF $EVR $PIPR etc could see another leg up in [----] M&A fees. Last yr was 2nd best ever for announced deals tho may not have felt that way. $ value up 40% vs. count up low SDs = narrower breadth and reliance on megadeals (1/3 of total)"  
[X Link](https://x.com/neil_sipes4/status/2008544051809972259)  2026-01-06T14:19Z [---] followers, [---] engagements


"First look at 4Q M&A fees via $JEF comes tomorrow after the close. But note that it wont include the bigger December & completions havent tracked announcements as strongly. Capital markets-oriented $GS $MS $JEF $EVR $PIPR etc could see another leg up in [----] M&A fees. Last yr was 2nd best ever for announced deals tho may not have felt that way. $ value up 40% vs. count up low SDs = narrower breadth and reliance on megadeals (1/3 of total). https://t.co/iAtrxj741I Capital markets-oriented $GS $MS $JEF $EVR $PIPR etc could see another leg up in [----] M&A fees. Last yr was 2nd best ever for"  
[X Link](https://x.com/neil_sipes4/status/2008713730675360167)  2026-01-07T01:34Z [---] followers, [---] engagements


"@ACapitalLP $JEF relative val look"  
[X Link](https://x.com/neil_sipes4/status/2008957296643350778)  2026-01-07T17:41Z [---] followers, [---] engagements


"@Aureliusltd28 Yes $HOOD has the clear lead on ROCA as naturally ARPU lags given smaller account sizes. But those balances are simply different investable / tradeable / YOLO-able dollars vs $SCHW and $IBKR. @carbonfinancex A look at the trio of $SCHW $HOOD $IBKR https://t.co/HCg2vRN1RZ @carbonfinancex A look at the trio of $SCHW $HOOD $IBKR https://t.co/HCg2vRN1RZ"  
[X Link](https://x.com/neil_sipes4/status/2013298456241074392)  2026-01-19T17:12Z [---] followers, [----] engagements


"@EricBalchunas brokers like $SCHW (via its Forge Global deal) and $HOOD have the wheels turning on this. coming to a platform near you: https://x.com/neil_sipes4/status/1987900105706389944s=20 @StockSavvyShay this is the direction were going w/ $SCHW's Forge Global deal. the same idea as $HOOD launching funds that give retail investors exposure to private companies. https://t.co/ZPWJOWCgDz https://x.com/neil_sipes4/status/1987900105706389944s=20 @StockSavvyShay this is the direction were going w/ $SCHW's Forge Global deal. the same idea as $HOOD launching funds that give retail investors"  
[X Link](https://x.com/neil_sipes4/status/2013998011681055078)  2026-01-21T15:31Z [---] followers, [---] engagements


"@OnodaCapital Every once in a while $SCHW and $HOOD trade jabs. previously over mobile app capabilities and UI/UX"  
[X Link](https://x.com/neil_sipes4/status/2014016088300806284)  2026-01-21T16:43Z [---] followers, [---] engagements


"Finally having my first run-in with the new ESPN Unlimited ($30/mo) gatekeeping the Australian Open w/ Virginia-Notre Dame in 2OT"  
[X Link](https://x.com/neil_sipes4/status/2016344040640282954)  2026-01-28T02:54Z [---] followers, [---] engagements


"@wealthMAinsider @Compounds365 Yes the earnings profile is attractive and rolling them up can centralize much of the infrastructure behind advisory practices to boost margins and of course use leverage as currency to juice growth via recruiting etc"  
[X Link](https://x.com/neil_sipes4/status/2016352246863204624)  2026-01-28T03:26Z [---] followers, [--] engagements


"Looks like $SF may be following the fresh footsteps of $RJF $AMP and earlier moves by wires in halting FA headcount disclosure. Put more focus on NNA. Stifel could still give in 10q but if not leaves only a few standing. $LPLA $UBS. Any others publics"  
[X Link](https://x.com/neil_sipes4/status/1950634347276513397)  2025-07-30T19:07Z [---] followers, [---] engagements


"pretty sizable moves for $IVZ awaiting any word on a seemingly binary outcome around $QQQ. Come to think of it. in today's world Polymarket or Kalshi should have had approval odds"  
[X Link](https://x.com/neil_sipes4/status/1981769911417622571)  2025-10-24T17:09Z [---] followers, [----] engagements


"So we go again Dec. [--]. $IVZ stock back to about flat. $QQQ catalyst still there just delayed as they round up 51% of shareholders. pretty sizable moves for $IVZ awaiting any word on a seemingly binary outcome around $QQQ. Come to think of it. in today's world Polymarket or Kalshi should have had approval odds. https://t.co/jICJ3lG2QO pretty sizable moves for $IVZ awaiting any word on a seemingly binary outcome around $QQQ. Come to think of it. in today's world Polymarket or Kalshi should have had approval odds. https://t.co/jICJ3lG2QO"  
[X Link](https://x.com/neil_sipes4/status/1981796982864654696)  2025-10-24T18:56Z [---] followers, [---] engagements


"Groundhog Day Invesco's $QQQ vote is back. If turnout stalls at 50% vs. 51% quorum looks like $IVZ keeps grinding. Extra solicitation is more of a process headache than a financial one and EPS unlock on $400bn AUM more than justifies it. @kgreifeld @EricBalchunas @JSeyff"  
[X Link](https://x.com/neil_sipes4/status/1996929979884405013)  2025-12-05T13:09Z [---] followers, [----] engagements


"Invesco QQQ update: 50% but 51%. Next meeting Dec. [--]. $IVZ $QQQ Groundhog Day Invesco's $QQQ vote is back. If turnout stalls at 50% vs. 51% quorum looks like $IVZ keeps grinding. Extra solicitation is more of a process headache than a financial one and EPS unlock on $400bn AUM more than justifies it. @kgreifeld @EricBalchunas @JSeyff https://t.co/nSkfS4gx8p Groundhog Day Invesco's $QQQ vote is back. If turnout stalls at 50% vs. 51% quorum looks like $IVZ keeps grinding. Extra solicitation is more of a process headache than a financial one and EPS unlock on $400bn AUM more than justifies it."  
[X Link](https://x.com/neil_sipes4/status/1996978248803049763)  2025-12-05T16:21Z [---] followers, [---] engagements


"Wealthfront $WLTH IPO: growthy with stickier (but rate-sensitive) revenue. Success hinges on sustaining balances via high APY + low advisory fees. $2B mkt cap 6x P/S (1H ann) 13x P/Adj EBITDA. Rev mix: 75% cash (60 bps drifting lower) + 25% advisory (20 bps steadier)"  
[X Link](https://x.com/neil_sipes4/status/1999519112129544302)  2025-12-12T16:38Z [---] followers, [----] engagements


"@YahooFinance At $2B mkt cap $WLTH fintech skews to recurring tho rate-driven revenue stream. Growth depends on deposit momentum via top-tier APY and low advisory fees. On 1H annualized numbers: 6x sales 13x adj. EBITDA. Revenue skews 75% cash yield vs. 25% advisory fees"  
[X Link](https://x.com/neil_sipes4/status/1999525149096267921)  2025-12-12T17:01Z [---] followers, [---] engagements


"@EricBalchunas Alas. Now $QQQ is 10% cheaper to own. and plenty accretive to $IVZ https://x.com/neil_sipes4/status/2002037714598994003s=20 https://x.com/neil_sipes4/status/2002037714598994003s=20"  
[X Link](https://x.com/neil_sipes4/status/2002038286584344971)  2025-12-19T15:28Z [---] followers, [----] engagements


"Zooming out on big credit card issuers. $JPM $C $BAC $WFC $COF $AXP So card issuers 'solve' a 10% APR cap by launching a niche product and approving it very selectively (next to no one gets it). Pristine FICO only transactors not revolvers high annual fee no rewards Checks the political box accomplishes nearly nothing. So card issuers 'solve' a 10% APR cap by launching a niche product and approving it very selectively (next to no one gets it). Pristine FICO only transactors not revolvers high annual fee no rewards Checks the political box accomplishes nearly nothing"  
[X Link](https://x.com/neil_sipes4/status/2014690130276061497)  2026-01-23T13:22Z [---] followers, [---] engagements


"@Aureliusltd28 @blondesnmoney @Citrini7 Dont follow the name (seems like itd be a fun one tho) but looks like massive comp leverage y/y precisely what boutique investment bank investors yearning for"  
[X Link](https://x.com/neil_sipes4/status/2018872614387613991)  2026-02-04T02:21Z [---] followers, [---] engagements


"Crypto trading accounts for *only* 20% of Robinhood's revenue but the more important near-term risk is the second-order impact to risk-on behavior across the platform. For $HOOD bears this is key focus. Weaker sentiment / $BTC prices hits crypto trading but can also bleed into non-crypto trading reduce appetite for leverage cut accounts sizes and slow NNA growth though cash builds are an offset. For bulls the long-term strategy to evolve toward a financial super app can see through market turbulence. The longer-dated revenue opportunities tied to banking credit advisory etc remain are still"  
[X Link](https://x.com/neil_sipes4/status/2019768045061677116)  2026-02-06T13:40Z [---] followers, [----] engagements


"@holistic_pm Its no wonder PE has been delaying exits this shows it. Broader sponsor re-engagement remains a sizable tailwind for broader M&A recovery"  
[X Link](https://x.com/neil_sipes4/status/2019905000529449292)  2026-02-06T22:44Z [---] followers, [---] engagements


"@Mr_Derivatives Yep two things can be true at once for $HOOD. The long term growth upside cited by bulls and the near-term cycle concerns cited by bears: Crypto trading accounts for *only* 20% of Robinhood's revenue but the more important near-term risk is the second-order impact to risk-on behavior across the platform. For $HOOD bears this is key focus. Weaker sentiment / $BTC prices hits crypto trading but can also bleed https://t.co/fGNdVDHTrN Crypto trading accounts for *only* 20% of Robinhood's revenue but the more important near-term risk is the second-order impact to risk-on behavior"  
[X Link](https://x.com/neil_sipes4/status/2019937234636665341)  2026-02-07T00:52Z [---] followers, [----] engagements


"$JEF IB market-share push may get fresh fuel if $SMFG lifts its stake to 20% from 15%. Jefferies has already climbed to No. [--] in IB fees and stronger backing could reinforce that position. Sumitomo Mitsui is considering increasing its stake in Jefferies as the Japanese lender deepens ties with the US investment bank sources say https://t.co/Eb2GsFeoDy Sumitomo Mitsui is considering increasing its stake in Jefferies as the Japanese lender deepens ties with the US investment bank sources say https://t.co/Eb2GsFeoDy"  
[X Link](https://x.com/neil_sipes4/status/1968684976745910682)  2025-09-18T14:34Z [---] followers, [---] engagements


"$BULL showing variable Kalshi rev-shares (Webull's seemingly better than $HOOD's 1) is another highlight why Robinhood owning the rails via $MIAX's DCM matters. fuller revenue capture and product manufacturing 3rd-party routing upside etc"  
[X Link](https://x.com/neil_sipes4/status/1993734444931248380)  2025-11-26T17:31Z [---] followers, [----] engagements


"Yeah wouldnt really stack these against each other. $GS-Innovator is a plug-and-play move to meet wealth demand for defined outcome solutions and sell higher-fee products into HNW+ channels (7% of AUM). $WLTH is a bet on where US mass-affluent / next-gen clients park assets grow wealth and monetize in new ways LT (a bit of financial super-app angle). $WLTH 2% of client assets valuation looks closer to a $SCHW than a $HOOD. https://twitter.com/i/web/status/1999626608513364066 https://twitter.com/i/web/status/1999626608513364066"  
[X Link](https://x.com/neil_sipes4/status/1999626608513364066)  2025-12-12T23:45Z [---] followers, [---] engagements


"Reminder that $HOOD is not the only one positioned for it there can and will be many beneficiaries. This is $WLTH new client breakdown and of course don't forget the incumbents like $SCHW who will do their part to win and keep the next gen too. I call it the $12K $HOOD account meets the $124T wealth transfer. Core to the very long-term thesis for Robinhood bulls: a clear LT monetization tailwind if $HOOD can retain its core customers through the life cycle and deepen the product suite as they mature. https://t.co/p5xdCm1rTP I call it the $12K $HOOD account meets the $124T wealth transfer."  
[X Link](https://x.com/neil_sipes4/status/2000725532808233442)  2025-12-16T00:31Z [---] followers, [----] engagements


"Our [----] Global Asset Manager Outlook is live on @TheTerminal. A buoyant market backdrop supports traditional manager fundamentals and helps relieve secular pressures while consolidation remains a key theme. $BLK $IVZ $BEN $TROW $AB $JPM $GS $MS Link: https://blinks.bloomberg.com/news/stories/t7grqjkgifql https://blinks.bloomberg.com/news/stories/t7grqjkgifql"  
[X Link](https://x.com/neil_sipes4/status/2001653260093132821)  2025-12-18T13:58Z [---] followers, [---] engagements


"Invesco's $QQQ conversion approval locks in a key [----] EPS catalyst an expected outcome after clearing 50% support two weeks ago. The Dec. [--] conversion adds a 10-12% uplift to the 3Q run-rate income. QQQ is 19% of $IVZ AUM and has driven 1/3 of firmwide inflows since 2020"  
[X Link](https://x.com/neil_sipes4/status/2002037714598994003)  2025-12-19T15:26Z [---] followers, [----] engagements


"Interactive Brokers' ForecastEx stands out from sports-heavy prediction markets volume at Robinhood Kalshi Polymarket etc. Its top product Daily temperature contracts delivering real hedging tools (read institutional use-case) beyond entertainment bets. $IBKR $HOOD https://twitter.com/i/web/status/2013972205109965224 https://twitter.com/i/web/status/2013972205109965224"  
[X Link](https://x.com/neil_sipes4/status/2013972205109965224)  2026-01-21T13:49Z [---] followers, [---] engagements


"Raymond James Kestra picking up advisers tied to LPL-Commonwealth deal no surprise. likely added some juice to $RJF's 8% NNA. But not pictured in the chart (obviously) is $LPL w/ over 80% of assets signed on good high-producer capture vs. headlines of 20% adviser departures"  
[X Link](https://x.com/neil_sipes4/status/2017024560260927977)  2026-01-29T23:58Z [---] followers, [---] engagements


"Robinhood's ARPU has always been more volatile with transaction-dependence + crypto exposing $HOOD to wider peak-to-trough swings vs. $IBKR $SCHW. Yes new revenue streams deserve credit and lift LT EPS potential. but between now and then the model is still cyclical"  
[X Link](https://x.com/neil_sipes4/status/2018478823969616086)  2026-02-03T00:17Z [---] followers, [----] engagements


"M&A's near-$1T tally in 3Q is the strongest since [----]. but back then we saw that pace in [--] of [--] quarters when deal fees were peaking. More to come on the near-term trajectory from conf calls later this month. $EVR $PJT $PIPR etc"  
[X Link](https://x.com/neil_sipes4/status/1975572984523096376)  2025-10-07T14:44Z [---] followers, [---] engagements


"@17catspaw Saw this come across know the Diamond Hill name but not the story. Going for 13x 3Q annualized adj NI or 1.5% of AUM. $DHIL"  
[X Link](https://x.com/neil_sipes4/status/1999156513630552393)  2025-12-11T16:37Z [---] followers, [--] engagements


"@AustinCrites1 know the Diamond Hill name but not familiar with it specifically. 13x 3Q annualized adj. NI for $DHIL. Here's a look at broader bucket of asset manager multiples"  
[X Link](https://x.com/neil_sipes4/status/1999158699730870606)  2025-12-11T16:45Z [---] followers, [--] engagements


"Recalling $UBS scrapped [----] plan to buy Wealthfront deal mutually terminated ending with $70M in convertible notes at a $1.4B valuation instead. $WLTH Wealthfront $WLTH IPO: growthy with stickier (but rate-sensitive) revenue. Success hinges on sustaining balances via high APY + low advisory fees. $2B mkt cap 6x P/S (1H ann) 13x P/Adj EBITDA. Rev mix: 75% cash (60 bps drifting lower) + 25% advisory (20 bps steadier) https://t.co/SWSgJfecHZ Wealthfront $WLTH IPO: growthy with stickier (but rate-sensitive) revenue. Success hinges on sustaining balances via high APY + low advisory fees. $2B mkt"  
[X Link](https://x.com/neil_sipes4/status/1999595961908150588)  2025-12-12T21:43Z [---] followers, [----] engagements


"With Apple Card moving from Goldman - JPMorgan a look under the hood of the $20bn portfolio: 1/3 below-prime FICO is 2x the big US bank median. $GS reserve ratio 13% vs. peers' 6-9% with Fed test stressed losses 23% (highest w/ $COF) vs. 17% test agg. $JPM"  
[X Link](https://x.com/neil_sipes4/status/2009637977551740959)  2026-01-09T14:46Z [---] followers, [----] engagements


"At $5m of run-rate EBITDA per each incremental ppt of adviser retention toward the 90% target retention directly drives fully-ramped economics and influences the optical multiple $LPL paid which is closer to 8x on a fully ramped basis vs. over 20x on acquired basis. Raymond James Kestra picking up advisers tied to LPL-Commonwealth deal no surprise. likely added some juice to $RJF's 8% NNA. But not pictured in the chart (obviously) is $LPL w/ over 80% of assets signed on good high-producer capture vs. headlines of 20% adviser departures. https://t.co/KxkRXN9rRM Raymond James Kestra picking up"  
[X Link](https://x.com/neil_sipes4/status/2017231834002620577)  2026-01-30T13:42Z [---] followers, [---] engagements


"NatWest's potential deal for UK wealth manager Evelyn Partners (67bn client assets at 3Q) implies 14-17x [----] Adj. EBITDA multiple on 30-35% margins at a 2.5-3bn price tag (4% of assets). $NWG"  
[X Link](https://x.com/neil_sipes4/status/2020166957706657934)  2026-02-07T16:05Z [---] followers, [----] engagements


"NatWest's acquisition of Evelyn is official at 2.7bn (4% of assets) implying 15x [----] adj. EBITDA on an acquired basis // 10x including cost synergies (100m run-rate about 10% of combined base). The deal more than doubles $NWG's wealth AUMA. NatWest's potential deal for UK wealth manager Evelyn Partners (67bn client assets at 3Q) implies 14-17x [----] Adj. EBITDA multiple on 30-35% margins at a 2.5-3bn price tag (4% of assets). $NWG https://t.co/WSVv8YbwmV NatWest's potential deal for UK wealth manager Evelyn Partners (67bn client assets at 3Q) implies 14-17x [----] Adj. EBITDA multiple on 30-35%"  
[X Link](https://x.com/neil_sipes4/status/2020861121603735565)  2026-02-09T14:03Z [---] followers, [---] engagements


"Not implying anything with this stat and I get its not a fair comparison just posting it here: Over 60% of Chipotle customers earn over $100k/yr vs. 55% of Robinhood customers earn below $100k/yr. $HOOD $CMG"  
[X Link](https://x.com/neil_sipes4/status/2021953185372570024)  2026-02-12T14:23Z [---] followers, [---] engagements


"AI disruption / disintermediation fears in wealth overlook the likely end-state: human + AI not mass adviser displacement. Early tools are driving measurable efficiency with simple meeting prep/summaries giving advisers 2-6 hours back / week to redeploy into revenue activity. McKinsey sees gen AI driving 6-12% of the 10-20% productivity lift needed over the next decade. Ultimately clients will vote with their dollars and allocate assets based on trust. And while robo-advisory is no AI it offers precedent having garnered just 2% of US advised assets and for now only 10-20% of clients say they"  
[X Link](https://x.com/neil_sipes4/status/2022309483456668041)  2026-02-13T13:58Z [---] followers, [--] engagements

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