RSS 2.0 FeedIndustry Views
Burton Malkiel Talks About Efficient Markets
In this video sponsored by Vanguard, Burton Malkiel, Princeton professor and author of "A Random Walk Down Wall Street," talks with RIJ editor Kerry Pechter about what "efficient market" means to him. The 10th edition of "A Random Walk" has just been published.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
January 19, 2012, Advisors/Planners/Reps , News
Wirehouses are down but far from out: Cerulli
Although their headcount is down and their images are tarnished, wirehouses remain the kings of investment distribution, according to a report from Cerulli Associates.
Cerulli projects that in 2013 the wirehouse channel will remain the largest distribution channel despite an anticipated decline of its share of assets under management to 35% in 2013 from 43% in 2010.
Wirehouses were hurt by the 2008 bear market and by their perceived roles in the financial crisis, Cerulli’s Bing Waldert said. While the financial advisor industry grew from to $11.2 trillion in 2010 from just under $11 trillion in 2007, wirehouse assets dropped to $4.8 trillion from $5.5 trillion during that same period.
We look forward to sharing this valuable article with you! Subscribers may Log In below.
- register for a regular subscription
- purchase this single article for personal use only for a fee of $15.00.
For group discounts, licensing, and reprints, contact kerry.pechter@retirementincomejournal.com.
Forget your subscriber password? It's easy to reset here: Reset your password.
