Raymond James’ custody and clearing division has landed a $5 billion client, the company announced.

Capitol Securities Management, looking for a partner with more brokerage experience, will switch its clearing business away from Pershing starting next spring, according to Raymond James.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access