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Monday, October 28, 2013|
WisdomTree Triples Profit, and Pulls a Back-Office Switcheroo
WisdomTree [profile] gained kudos last week after announcing a tripling in quarterly profits, but the most surprising bit of news, according to Barron's, may be the firm's decision to switch back-office providers: from BNY Mellon [profile] to State Street [profile.
WidsomTree executives said the move should save the company $1.5 million per quarter.
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