Record-low interest rates continue to create head winds for clearing firms, which traditionally have profited from the spreads earned from holding clients' cash.
Companies ranked by number of broker-dealer clients
Clearing firms used by the independent broker-dealers with the most revenue
Firms ranked by number of RIA custody clients
Clearing firms ranked by number of broker-dealer clients
Custodians and broker-dealers know that if they provide too little - or too much - technology they risk angering the advisers with whom they work.
Low U.S. interest rates might be shrinking profit margins at clearing firms, but the biggest players in the industry are investing for the future - overseas.
Explore your opportunities and be informed for your next move.
Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews