Stifel Financials Global Wealth Management division fared well for the third quarter driven by a rise in assets under management, improved transaction revenue and better market performance.
Revenue jumped 15% to $252 million from a year earlier. Profits were also up to $66 million, counting for almost a quarter, a 23%, improvement year-over-year and an 11% improvement from the previous quarter, when the firm announced that it had encountered a challenging operating environment.
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