While the number of institutions has been static, their brokerage and wealth management programs are often in play. So far this year, at least 9 banks switched their investment services programs to new third-party broker dealers, based on announcements from TPM firms. One outsourced its broker-dealer operations for the first time.
All 10 institutions are listed here.
More on TPMs:
FIRST INTERSTATE BANK
Previous provider: Cetera
No. of advisers: 40
AUM: $810 million
Headquarters: Billings, Montana
Read full story here: First Interstate Bank switches wealth management program to LPL