An unusual arrangement between the nation's third-largest discount brokerage firm and a small Florida bank is exceeding both partners' rosiest expectations.

Last August, a Quick & Reilly broker moved into a 10- by 12-foot office once occupied by a branch manager at Admiralty Bank here. Bank executives thought the firm had the cachet needed to attract well-heeled investors to a bank-based brokerage.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.