Wealth management remained a bright spot on Southwest Securities earnings even as the firm as a whole struggled to net a profit for the third quarter.
Overall, Dallas-based Southwest Securities Group reported a net loss of $5.7 million, but the retail segment impressed with a profit of $308,000, up from a net loss of $1.039 million a year ago. The division continued to build on momentum from the second quarter as revenue rose 7% from the second quarter to hit $27.8 million.
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