Stifel CEO wants better results from Sterne Agee’s independent B-D business
Stifel CEO Ron Kruszewski
CEO Ron Kruszewski says margins were lower in the wealth management group because of its recent acquisition's independent advisers.
Stifel Financial Corp. completed its acquisition of regional brokerage firm Sterne Agee Group Inc. in June, and now Stifel's CEO and co-chairman Ron Kruszewski is looking for better performance out of the independent brokerage side of the business.
He made that clear in a conference call with analy
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