Brian Hamburger on Surging Merger Business in RIAs
Masters in Business
00:00
The Change in the Brokerage Industry
"I've been wrong about the brokerage industry for 30 years. I don't see how they don't collapse under the weight of their own fees," he says. "What is changing is the big broker dealers kind of figured out that the compliance nightmare and legal nightmare of transactional business is so much harder than, wait, we could just charge a fee for managing their money."
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Transcript
