WSJ Wealth Adviser Briefing: Value Stocks Outperform, BP Goes Green, Friendships Reclaim Fun – The Wall Street Journal

WSJ Wealth Adviser Briefing: Value Stocks Outperform, BP Goes Green, Friendships Reclaim Fun – The Wall Street Journal

Raymond James is combining its unit that provides custody services to independent registered investment advisers with another unit that offers similar services to broker-dealers. The merged business, called the RIA & Custody Services Division, could help Raymond James stand out as the competitive landscape shifts for custodians, which hold securities on behalf of independent advisors and provide them with other services. Charles Schwab’s planned acquisition of TD Ameritrade reduces the number of large custodians serving RIAs, ThinkAdvisor notes in an article on the
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