Not surprising, then, that these consumers are going to the low cost, no-advice on-line brokers.
FORBES: On-Line Brokers and the (Unfulfilled) Promise of Tokyo's "Big Bang"
But the on-line brokers are hardly flourishing.
FORBES: On-Line Brokers and the (Unfulfilled) Promise of Tokyo's "Big Bang"
Over the past four years he has used E-Trade's once-roaring stock to acquire ever more services, offering the nation's top-yielding certificates of deposit, an asset-management arm and a cut-rate version of the "wrap" accounts invented by old-line brokers.
Over the past four years he has used E-Trade's once-roaring stock to acquire ever more services, offering the nation's top-yielding certificates of deposit, an asset management arm and a cut-rate version of the "wrap" accounts invented by old-line brokers.
The new capital standards, called Basel II, will lower the capital requirements for commercial banks, making them more in line with those governing the brokers.
While many buyers expect to negotiate discounts before they sign on the dotted line, One57 so far has held the line on asking prices, brokers said.
And brokers' high initial rates might change down the line, experts say.
If your personal life choices happen to line up with the interests of the beltway power brokers and their well-connected friends, you get the unfair advantages.
It's easy to see the appeal of donation plans to the middlemen: With commissions squeezed by on-line outfits and other low-cost competitors, brokers and insurance agents are casting about for new products to sell.
In my opinion, when outside lawyers help brokers sell or defend investment schemes by attending client meetings, they cross the line.
The government's main aim is in line with a global trend: away from fragmented markets run as cosy brokers' clubs, and towards merged national markets managed by proper shareholder-owned companies.
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