MW- 'When The Starting Gun Goes Off'Reminding ourselves of the ALY/MW strategy periodically is a necessary fundamental for sanity, and only God knows how much that is needed in these crazy times. So, I will give it a shot with hopes good discussion evolves.
- MW is partnered with Intesa (33% MW ownership). 5360 branches and 14.6 million customers. https://group.intesasanpaolo.com/en/
- They reported net income of 3.1 billion euros, despite massive external challenges.
- Investopro is the replacment for their exsisting trading/wealth management eTool. So, what % of their clients are being migrated over to the IPro platform out of the gate? Say it is 3000000?
- Assuming that Intesa's wealth management division has Assets Under Management (AUM) at the very least, @3400 euros?
- Unless my abacus is on strike, that's a very staggering 10.2 billion euros.
Of further distinction is what other trading platforms offer the AI capabilities that MW will provide, backstopped by ALY's development capacity which includes Capital Cube? Furthermore, what other EU trading platform can quantify having a partner like a Schedule A bank/Intesa?
The list goes on and on. I think this is that significant that it warrants tracing everything back to the all of the value proposition contributors. For one, the economic implications for Intesa are considerable just in the EU alone?