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Banks are hungry to buy RIAs again

The same pressures for growth and non-interest income have them shopping, albeit more cautiously

Author Brooke Southall December 14, 2009 at 5:59 AM
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Paul Lally: Banks see this possibly as the opportunity of a lifetime to get into the wealth management business.

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Stephen Winks

Stephen Winks

December 14, 2009 — 8:56 PM

The advantage of trust powers are extraordinary. But, wouldn’t it make more sense for large RIAs to buy a Private Trust Company, that way the interests of the advisor are not lost, importantly, it is cheaper to create a private trust company than to buy one.

SCW

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