But that destroys the original distinction between commercial activities (which were not available to all), and licence-fee funded activity (universal).

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Morgan Stanley is undergoing a significant strategic shift in its business, with the stated goal of reducing volatility from traditional investment banking activity and generating more stable fee income streams from Global Wealth Management.

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Public outrage over this fee has led to massive Twitter activity.

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Peek gets a 15 to 30% fee every time a visitor books an activity.

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Others are more of the traditional "stock jockey" variety who are paid by commissions on trading activity, and possibly through what can be inelegantly but accurately described as kickbacks for selling particular products (fee-laden funds and annuities, for example).

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The increase in margins is supported by increase in premiums due to the implementation of the new variable annuity products and increase in fee income due to increases in average assets under management resulting from improvements in equity markets and increased deposit activity as equity market improvements created an environment where investors were willing to re-enter the capital markets.

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