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Moves

State Street's newly launched Apex-powered RIA custody unit has sizzle and 'wedge' power, especially after Pershing's Wove 'fell flat;' but to avoid fizzling, the power duo needs to steer past divergent 'segment' priorities

By Oisín Breen · RIABiz ·

State Street-Apex team-up brings RIA unlikely institutional-level heavy artilliery and retail-level light digital touch, though analysts question whether unseen priorities will prevent frictionless nirvana to rock incumbents – and get past prior market withdrawal.

Summary as published by RIABiz
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