 I think, initially, fee business might be more labor intensive to set up and to win, but ultimately in the long-run it is more effective to manage."Alois Pirker, Analyst, Aite Group. |
Rise in Fee-Based Business Ups Broker Productivity
Corrie Driebusch | Wall Street Journal, August 2014
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Summary: The big Wall Street brokerages like the boost in steady revenue that comes from having more client money in fee-based accounts, but there is an added benefit: broker productivity rises, too.
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