wealth management industry
5 statements across 5 episodes · 2 bullish · 1 bearish · 5 people on the record · first statement Jun 18, 2018 by Brian Portnoy · across every show →
Everything said about wealth management industry, oldest first
Jun 18, 2018 neutral
Portnoy: Wealth management shifted from brokerage to financial plans only recently
“It wasn't that long ago that the advice business was really a brokerage business. It was selling stocks and bonds and funds for a nice fee. It's only over the last five, 10, 15 years that the bulk of the wealth management industry has bought into this idea tha…”
Mar 16, 2020
Fleming: Large wealth firms struggle to integrate advisory with family office services
“Very few people in the industry have both legs of that stool. The big firms have it, but it's very hard for them to make it work together because they're such big firms. And most of the smaller firms are in one or the other, but not trying to bring it all toge…”
Mar 1, 2021 bearish
Bisserier: The traditional high-fee wealth management model is no longer sustainable
“Allocating to active equity managers and muni bonds. That is not going to justify the fees in our industry, which are frankly too high. Especially now that assets are all time highs and interest rates are near zero. You're almost taking the entirety of the yie…”
Dec 9, 2024 positive
Krinsky: Private Equity Is the Biggest Catalyst for Wealth Management Consolidation
“The biggest change has been private equity capital. Which solves a bunch of problems around innovation and in some instances around business succession. And the competition has become better and deeper. And I think that drives consolidation too.”