Bear Stearns Focuses on Retail for Clearing Biz
Seeing new opportunities in RIA business
Clearing Quarterly and Directory, March 19, 2008
While many other clearing firms are seeing more growth opportunities in institutional business (see CQ&D News Winter), Bear Stearns officials say they believe big growth will come on the retail side. They see selling turnkey investment advisory services to broker-dealers as one of the areas that will boom as more Americans retire and look for help. In a recent interview with CQ&D, Bear Stearns clearing executives Joe Triarsi and John Tyers the co-heads of Broker Dealer & Investment Advisory Services (BDIAS), explained where the clearing business is going.
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