Latest news with #PFG
Business Wire
30-05-2025
- Business
- Business Wire
Priority Financial Group Celebrates 20 Years of Innovation
PHOENIX--(BUSINESS WIRE)--Priority Financial Group (PFG) proudly celebrates its 20th anniversary—marking two decades of delivering flexible, forward-thinking wealth management solutions to financial advisors and financial institutions nationally. Our 20-year journey is proof that doing the right thing—for advisors, for institutions, and for clients—is not only possible, but scalable. Share Starting in 2005, Mike Prior, Founder/CEO of PFG, began with a mission to help match quality financial advisors with banks and credit unions who desired better quality advice for their members and customers. That mission has since evolved into a national platform offering an advisor and institution friendly Registered Investment Advisor firm (RIA), PFG Advisors, LLC (PFGA). Supporting a Quality Advice Community PFG's strength lies in its ability to help quality financial advisors and visionary institution execs who truly care about helping their clients reach their financial goals. The firm customizes resources, technology, and operational support to fit their business. Whether an advisor chooses to join a financial institution, run their own practice, or join an internal wealth management team, PFG offers a multi-custodial platform, integrated technology, compliance support, operational efficiencies, and M&A growth strategies to help them succeed. Advisors and institutions are pleased to have 1099 and W2 options available in both the Independent and Financial Institution divisions of the firm. 20 Years of Forward-Thinking Innovation PFG's legacy is built on a consistent track record of delivering client-first solutions, including: Created an Advisor and Institution centric RIA (PFGA) —one of the first in the country—with no minimum account size and a Hybrid broker dealer option. Introduced Schwab and Fidelity custodial options with zero ($0) trading costs on exchange traded securities. Researched and introduced digital advice / robo platforms to provide investing access to young adults, students, and military families through advisors and institutions searching for a small account solution. Developed a package of high net worth (HNW) resources to ensure advisors and institutions can serve their largest HNW and UHNW clients effectively and efficiently. A Model That Delivers Results Over the past 20 years, PFG has empowered financial institutions and advisors with tools, support, and custom strategies that deliver measurable results. 'Our 20-year journey is proof that doing the right thing—for advisors, for institutions, and for clients—is not only possible, but scalable,' said Mike Prior, PFG CEO. 'It has been fun seeing our team's boutique, white glove model help the people we serve toward their financial goals.' Looking Ahead As PFG enters its third decade, the firm remains focused on continuous innovation, quality advice, and solutions that align with its core values of Integrity, Compassion, Teamwork, Curiosity, and Leadership. The PFG team is built to help financial advisors and institution executives of all backgrounds have more fun building their businesses for the next 20 years. About Priority Financial Group PFG offers comprehensive wealth management, advisory, compliance, sales and technology services. With headquarters in Phoenix, the PFG team has been helping financial institutions and financial advisors deliver high-quality solutions for more than 20 years. For more information, visit or on LinkedIn. Investment advice offered by PFG Advisors, LLC. Securities offered through Osaic Wealth, Inc., member FINRA/SIPC. Insurance products offered through approved carriers. PFG Advisors, Priority Financial Group, and Osaic Wealth, Inc. are separate entities.
The Herald Scotland
29-04-2025
- Business
- The Herald Scotland
PFG Landscaping can give your garden a real transformation this summer
'Soon, I had done a lot of gardens in our village.' He adds, smiling: 'That's how it started and it has really grown from there.' (Image: PFG Landscaping) Michal set up his own business in 2018. It is now one of Scotland's most respected all-round garden design and landscaping companies. It prides itself on completing high-end, high-value projects, managing each one from initial consultation through to completion. The company's experienced team offers a wide range of services, from groundworks and drainage to driveways, fencing, patios, grass-laying and full garden makeovers. A PFG architect will visit your property in the early stages, to discuss your ideas and share their experience and expert advice. Nikola Bielawska is a landscape architect who has been collaborating with PFG for four years. 'Gardens are very important in our lives,' she explains. 'They are an extension of our homes, something natural we can enjoy, whether to relax in or even work. Children, pets – everyone can enjoy this shared space. 'Every garden, every client is different, and because I am involved from the beginning, it's very exciting to see each project through. After the initial consultation, I come up with sketches, taking into account the different terrains, sizes, and client needs and lifestyle.' She adds: 'I appreciate working with Michal and the team at PFG. His attention to detail and precise workmanship are essential in bringing garden designs to life. 'We work hard to build up relationships of trust with our clients – it can be a huge step for someone to hand over their garden design to us and we take that very seriously.' Recently, the team worked on a large garden in Airdrie, transforming an inaccessible and sloping area into a stylish and relaxing outdoor space, with zoned areas for planting, relaxing and play. (Image: PFG Landscaping) Michal, who is originally from Poland, explains: 'This was one of our biggest jobs so far. Transforming a garden can be a life-changing experience. After the kitchen and bathroom, it is one of the most important and expensive areas of your home and getting it right can add massive value to your property. 'We try to show our customers the potential of their garden.' The company uses local suppliers where possible and works hard to include natural wood and stone. It also tries to re-use existing materials from the garden itself. How people use their gardens has changed considerably in recent years, particularly since the Covid-19 pandemic and lockdowns, says Michal. (Image: PFG Landscaping) 'Even though we don't have that many sunny days in Scotland, we still want to be able to use our gardens, for entertaining, play, relaxing and even working from home,' he says. 'More and more clients want their gardens to be low-maintenance, easy to care for, and environmentally friendly.' Michal adds: 'Building the business over the last seven years has been hard work but seeing the happiness we bring to people really pushes me forward. 'People are spending a lot of money with us, so they need to know that they can trust us. That is why it is important to me to deal with them from beginning to end, and afterwards, if they need us, we will also be there.' Find out more via the PFG Facebook page
Yahoo
26-04-2025
- Business
- Yahoo
Principal Financial Group Inc (PFG) Q1 2025 Earnings Call Highlights: Strong EPS Growth Amid ...
Adjusted Non-GAAP Earnings: $439 million or $1.92 per diluted share, a 10% increase in EPS over the first quarter of 2024. Capital Returned to Shareholders: $370 million, including $200 million of share repurchases. Total Company Managed AUM: Increased to $718 billion at the end of the quarter. Net Cash Flow: Negative $4 billion, driven by two low fee institutional fixed income withdrawals. Retirement Account Value Net Cash Flow: Positive $400 million after adjustments. Pension Risk Transfer Volume: Reached $800 million in the quarter. Specialty Benefits Premium Fees Growth: 4% compared to the year ago quarter. Non-GAAP Operating ROE: 14%, a 100-basis point improvement from a year ago. RAS Margin: 41%, a 120-basis point improvement over the prior year quarter. Recurring Deposit Growth: 9% in the quarter. Investment Management Revenue: Increased 4% compared to the year ago quarter. International Pension Net Revenue: Increased 4% year over year on a constant currency basis. SPD Loss Ratio: Improved by 40 basis points year over year to 60.7%. Excess and Available Capital: $1.8 billion at the end of the quarter. Common Stock Dividend: $0.76, a $0.01 increase over the prior quarter's dividend. Warning! GuruFocus has detected 1 Warning Sign with PFG. Release Date: April 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Principal Financial Group Inc (NASDAQ:PFG) reported a 10% increase in EPS over the first quarter of 2024, demonstrating strong financial performance. The company returned $370 million of capital to shareholders, including $200 million in share repurchases and an increase in common stock dividends. Total company managed AUM increased to $718 billion, reflecting positive market performance and favorable exchange rates. Strong local investment management flows were observed in Mexico and Southeast Asia, reinforcing the company's global business reach. Principal Financial Group Inc (NASDAQ:PFG) was named one of the 2025 world's most ethical companies by Ethisphere, highlighting its commitment to ethical practices. Market volatility is expected to persist, impacting fee revenue in retirement and asset management, making future quarters difficult to predict. Net cash flow was negative $4 billion in the quarter, driven by low fee institutional fixed income withdrawals. The company experienced elevated seasonal expenses in investment management, impacting first quarter earnings. Lower dental sales and the absence of new PFML markets impacted growth in specialty benefits. The company faced a $6 million FX headwind in international pension, affecting net revenue. Q: How does Principal Financial Group feel about their 9% to 12% EPS growth target given the current macroeconomic environment? A: Deanna Strable, President and CEO, emphasized the dynamic and unpredictable market environment, but highlighted the company's diverse and resilient business portfolio. Joel Pitz, Interim CFO, noted a strong start to the year with 10% EPS growth in Q1, aligning with their guidance. They remain focused on expense management and are confident in their ability to achieve the target, depending on market conditions. Q: What flexibility does Principal Financial Group have on the expense side, and what actions have been taken in Q2? A: Deanna Strable stated that aligning expenses with revenue is critical, especially given recent volatility. Joel Pitz added that they focus on expense management activities such as travel restrictions, delayed hiring, and consulting spend to align expenses with revenue, reflecting a 40-basis point improvement in margins year over year. Q: How is client behavior in the asset management business amidst market volatility? A: Kamal Bhatia, CEO of Principal Asset Management, noted increased volatility due to rebalancing but highlighted a material improvement in their pipeline. Clients are improving business fundamentals, with mandates bringing higher net revenue rates, particularly in private markets and international strategies. Q: Are there any changes in participant behavior in the retirement segment, particularly regarding hardship withdrawals? A: Christopher Littlefield, President of Retirement and Income Solutions, reported no significant increase in loans or hardship withdrawals. Participant withdrawal rates have stabilized, and while the dollar amount of withdrawals is up, it aligns with increased average account values. Q: What were the drivers of mortality in the life business, and how does it compare to industry trends? A: Amy Friedrich, President of U.S. Insurance Solutions, explained that individual life business can be volatile, with recent results driven by severity and a single large claim. Group life, covering working-age populations, showed strong results. Over a longer term, mortality aligns with expectations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Principal Financial: Q1 Earnings Snapshot
DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported first-quarter net income of $48.1 million. The Des Moines, Iowa-based company said it had net income of 21 cents per share. Earnings, adjusted for investment costs, came to $1.81 per share. The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share. The financial services company posted revenue of $3.7 billion in the period. Its adjusted revenue was $4.01 billion, beating Street forecasts. Five analysts surveyed by Zacks expected $3.97 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PFG at Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Principal Financial (PFG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Principal Financial (PFG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 24. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This financial services company is expected to post quarterly earnings of $1.86 per share in its upcoming report, which represents a year-over-year change of +12.7%. Revenues are expected to be $3.97 billion, up 4.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.44% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Principal Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.33%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Principal Financial will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Principal Financial would post earnings of $1.95 per share when it actually produced earnings of $1.94, delivering a surprise of -0.51%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Principal Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Insurance - Multi line industry, Goosehead Insurance (GSHD), is soon expected to post earnings of $0.23 per share for the quarter ended March 2025. This estimate indicates a year-over-year change of -17.9%. Revenues for the quarter are expected to be $78.25 million, up 21.4% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Goosehead has been revised 5.8% down to the current level. Nevertheless, the company now has an Earnings ESP of 4.35%, reflecting a higher Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Goosehead will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Principal Financial Group, Inc. (PFG) : Free Stock Analysis Report Goosehead Insurance (GSHD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
