National Financial, Fidelity Investments' clearing arm, signed or re-signed a total of 60 broker-dealer firms last year, bringing its total assets to more than $465 billion and a client total of more than 300 firms.
While it's a far cry from the more than $560 billion in assets it garnered at the end of 2009, resulting primarily from rampant consolidation and the loss of the huge Bank of America Merrill Lynch account following their merger, company officials were heartened by some new customer wins among independent broker-dealers, insurance companies and discount brokerage firms.
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