Monday, July 10, 2006

Brokers and the affluent

This headline is rather misleading: Full-Service Brokers Losing Hold on Affluent: given the fact that the study being reported suggests an increase in broker's market share (from 2004 to 2005) among those with $500,000 and more to invest. And they are in first position. Still, the article makes clear that brokers' share of this market segment is well below its dominance of a few years ago, and that they suffer some very high negatives.

Sounds like an opportunity for the trust industry to me.

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