Brian Davis, the new director of advisor services for Scottrade Advisor Services, will not be making any drastic changes to the asset custodian business that the St. Louis discount retail brokerage launched five years ago.

There is no pressing need to do that right away, he said. Registered independent advisors like its low-cost retail trading platform so much that they started using it years before the company established the custodian business in 2005.

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