Last year wasn’t the greatest for wirehouses, a recent report from Aite Group shows. Client assets at these firms declined 5.7% in 2018 to $7.18 trillion, while their total adviser headcount declined by 403 to 54,030. Meanwhile, the clearing and custody channel, which serves independent RIAs and some retail brokerages, saw client assets grow 2.0%, to […]

Source: Wall Street Journal May 22, 2019 10:18 UTC