The June reporting period saw a complex interplay of market forces for the New York-based financial advisory firm. While the company benefited from $2.3 billion in market appreciation, these gains were partially offset by $3.3 billion in foreign exchange depreciation. The integration of Elaia Partners contributed a $1.0 billion boost, effectively buffering against $0.2 billion in net outflows.

Average assets under management for the second quarter reached $279.1 billion. A breakdown of the portfolio reveals that equity holdings remain the firm's largest segment at $214.4 billion, followed by fixed income at $35.0 billion and multi-asset strategies at $24.5 billion. The alternatives sector saw a notable monthly increase, rising to $10.8 billion from $9.5 billion in May.