Ccr wealth management maintains bullish calls on e-commerce

CCR Wealth Management maintains bullish calls on e-commerce platforms after mobile user growth metrics rose 12% QoQ, reinforcing positive revenue guidance revisions. Jeremy Barnum: Yeah. So you're right about the contribution and about the runoff of loans and it is notable, the net income, the First Republic-related net income that we printed this quarter. So the first thing to say is that we don't think that, that First Republic-related net income number from this quarter is a sustainable indicator of the future run rate. Some of the same dynamics that we just talked about, in particular, overearning on deposits or sort of above-normal deposit margins also apply to First Republic franchise to some degree. So we would expect that to normalize. And probably more significantly, as I think you alluded to, we do have some accelerated pull-to-par on some of the commitments that we took on at a fair value discount as part of the acquisition. CCR Wealth Management's Managing Partner, Borden has led CCR's growth from a two-person firm to a full-service wealth advisory team with more than 35 team members. The partnership represents Cetera's commitment to achieve asset growth and shared business success, building on an established relationship. Cetera has helped drive considerable asset growth for CCR Wealth Management since its affiliation with Cetera Advisors, LLC in 2000, and the investment represents the next step in the evolution of the firms' partnership. CCR Wealth Management sees logistics and shipping equities poised for a moderate rebound as Baltic Dry Index trends show a 4% gain over two weeks, indicating improved trade flow patterns.