Many wealth management firms engage in some form of direct business. Direct business encompasses everything from managing pre-existing held-away assets to actively conducting business directly with providers outside the primary brokerage platform. Yet there is a...
In our upcoming webinar, Turning Direct Business into a Strategic Asset, we'll delve into the advantages and challenges of the direct business model, exploring ways to transform it into a strategic asset. Industry data shows that one-third of assets in bank-based...
We are excited to announce the launch of our recent customer story, United Brokerage Services Turns Direct Business into a Strategic Asset with Terrapin. This new customer story highlights how our technology supports United Brokerage Services’ direct business model...
Defining Direct Business Direct business is not a well-understood model within the wealth management industry, and there is little authoritative information on the practice. To further confound an already obscure topic, direct business goes by many names, including...
DTCC Wealth Management Services At a high level, it’s easy to understand the value of using DTCC’s wealth management services. DTCC can help broker-dealers streamline manual processes and reduce overhead; this is particularly true for large financial institutions that...