The wealth management business experienced serious headwinds over the last quarter, with profits and revenues on the decline for most of the fastest-growing firms in the industry. Stifel proved to be the exception, with its wealth management unit posting double-digit growth on both line items.
Ameriprise and Raymond James, on the other hand, were underperformers.
Click through our slideshow to see how all three were left standing in the second quarter. Read more: How the wirehouses stack up: Profit margins narrowHow Ameriprise, Raymond James and Stifel stack up Q1